| News | 10 new results for Business News |
| SEC's Hunt for Crisis-Era Wrongdoing Loses Steam Wall Street Journal Securities and Exchange Commission enforcement officials have decided not to recommend filing civil charges against hedge-fund firm Magnetar Capital LLC, which teamed up with Wall Street firms to create mortgage securities that suffered billions of dollars ... See all stories on this topic » | |||
| As mortgage rates rise, ARMs finding favor USA TODAY Adjustable-rate mortgages are starting to creep back into the real estate market as fixed-rates move from their all-time lows. Existing home sale. A "Sale Pending" sign is seen in front of a home in Miami. (Photo: Joe Raedle Getty Images) ... See all stories on this topic » | |||
| JPMorgan Faces Criminal Probe as Bank Says US Faults MBS Sales Bloomberg JPMorgan Chase & Co. (JPM), the biggest U.S. bank, said it's under federal criminal investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws. The department's civil division told the ... See all stories on this topic » |
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| Consumer borrowing rose $13.8 billion in June USA TODAY SHARE 7 CONNECT 14 TWEETCOMMENTEMAILMORE. WASHINGTON (AP) — Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, indicating many are still wary of taking on high-interest debt. See all stories on this topic » | |||
| Price-fixing fine adds to Fonterra troubles, dairy prices still high Xinhua WELLINGTON, Aug. 7 (Xinhua) -- New Zealand dairy giant Fonterra revealed Wednesday that it had been fined 4.47 million yuan (728, 975 U.S. dollars or 922,663 NZ dollars) by Chinese authorities for its involvement in price fixing of consumer dairy products ... See all stories on this topic » | |||
| Hilton Said to Plan $13 Billion Debt Refinancing, IPO (Correct) Businessweek Hilton Worldwide Inc., the hotel operator owned by Blackstone Group LP (BX:US), hired four banks for a $13 billion debt refinancing later this year in anticipation of going public in early 2014, according to a person with knowledge of the matter. The hotelier ... See all stories on this topic » | |||
| Federal judge rules that utility profits too high Boston.com A federal administrative judge has ruled that New England utilities should receive fewer guaranteed profits for building transmission lines, a decision that could save Massachusetts electric customers more than $50 million a year. The ruling, by Administrative ... See all stories on this topic » | |||
| Groupon Names a New Chief And Logs a Loss of $7.6 Million New York Times Groupon named a co-founder, Eric Lefkofsky, as its chief executive on Wednesday, permanently replacing Andrew Mason, who was fired at the end of February because of growing concerns about its financial performance. See all stories on this topic » | |||
| Bank of England to keep stimulus until unemployment drops to 7% Los Angeles Times WASHINGTON -- The Bank of England on Wednesday said it would maintain its stimulus program until the unemployment rate falls to 7%, following the same strategy as the U.S. Federal Reserve in providing an explicit target for when it would raise interest ... See all stories on this topic » |
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| Yahoo's Mayer taps new Flickr chief from Google USA TODAY Yahoo CEO Marissa Mayer has named former Google employee -- and ex-colleague -- Bernardo Hernandez as the new general manager of photo sharing site Flickr. mayertweets0806. A screen shot from Twitter of tweets from Yahoo CEO Marissa Mayer and ... See all stories on this topic » | |||
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