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Wells Fargo Said to Face HUD Scrutiny on Fair Lending Bloomberg Wells Fargo & Co. (WFC), the largest US mortgage lender, faces a US probe over claims that it neglects bank-owned homes in minority communities, according to a person briefed on the matter. The US Department of Housing and Urban Development is ... See all stories on this topic » |
Swiss Bank Data, FSA Return-Estimates Rule, J&J Case: Compliance BusinessWeek By Carla Main on April 12, 2012 Credit Suisse Group AG (CSGN) can't disclose a client's account data to US tax authorities because a request for assistance last year addressed only tax evasion, which isn't covered by a 1996 treaty, a Swiss court ruled. See all stories on this topic » |
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Vehicle systems to install child safety seats too difficult to use, study says Washington Post Parents who work up a sweat trying to install a child safety seat using vehicle LATCH systems are too often stymied by anchors that are difficult to find and use properly, according to a study released Thursday. LATCH systems were deemed easy to use in ... See all stories on this topic » |
Ex-Im Bank Critics Favor a Surrender on Trade, Chief Says BusinessWeek By Brian Wingfield and Eric Martin on April 12, 2012 Critics of the US Export-Import Bank "want to unilaterally disarm" American companies from competing in the global marketplace while countries including China support their industries, the lender's ... See all stories on this topic » |
Stocks make a U-turn, rising after big decline BusinessWeek By CHRISTINA REXRODE Investors on Wednesday all but forgot the previous day's burdens and sent stocks to some of their biggest gains of the year. It was a stark turnaround from the day before, when they'd pushed the market into a terrifying free-fall ... See all stories on this topic » |
Gensler to Remain as CFTC Chairman Past Expiration Date Tomorrow BusinessWeek By Silla Brush on April 12, 2012 Gary Gensler's term as chairman of the US agency writing regulations required by the Dodd-Frank Act for the global swaps market ends tomorrow. All the same, his ability to craft rules for companies including Goldman ... See all stories on this topic » |
Travelzoo shares leap on sale rumors BusinessWeek By AP Shares of Travelzoo Inc. jumped Wednesday after a published report that the troubled online travel company plans to sell itself. THE SPARK: Reuters reported that Travelzoo is hiring a financial adviser after private equity firms and competitors ... See all stories on this topic » |
Oil hovers below $103 ahead of Iran nuclear talks The Associated Press By ALEX KENNEDY, AP – 1 minute ago SINGAPORE (AP) — Oil prices hovered below $103 a barrel Thursday in Asia as traders looked to negotiations this weekend over Iran's nuclear program. Benchmark oil for May delivery was down 2 cents to $102.68 a barrel ... See all stories on this topic » |
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BOJ raises economy view for 2 of 9 Japan regions Reuters | TOKYO, April 12 (Reuters) - The Bank of Japan on Thursday raised its assessment for two of Japan's nine regional economies and left its view unchanged for the remainder in a quarterly report, suggesting that the economy was slowly emerging from ... See all stories on this topic » |
NRC, Dominion to meet about apparent violations BusinessWeek Federal regulators have scheduled meetings with Dominion Virginia Power to discuss apparent violations at its two nuclear power stations. The Nuclear Regulatory Commission said Wednesday it has scheduled meetings in Atlanta with company officials next ... See all stories on this topic » |
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Chattanooga: VW's Next Stand Chicago Tribune Chattanooga, Tenn. — Honda wasn't the first foreign automaker to open an assembly plant in the US, but it was the first to stay. In 1978, German automaker Volkswagen converted an unfinished Chrysler plant in Westmoreland County, Pa., ... See all stories on this topic » |
Summary Box: US sues Apple, publishers BusinessWeek By AP THE CASE: The Justice Department and 15 states sued Apple Inc. and major book publishers. They allege a conspiracy to raise the price of electronic books. THE NUMBERS: Government officials say the companies cost consumers more than $100 million ... See all stories on this topic » |
RealtyTrac: US 1Q Foreclosure Filings Fall 16% On Year Wall Street Journal First-quarter foreclosures declined 16% from a year earlier, falling to their lowest quarterly total since 2007, according to the latest report from market researcher RealtyTrac. The number of foreclosure filings in the first quarter fell 2% ... See all stories on this topic » |
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Stocks recoup losses but rally appears fragile BusinessWeek By SARAH DiLORENZO Stock markets rallied Wednesday, recouping some of their losses from a day earlier, when fears grew that the US economy was slowing and Europe's debt crisis returning. The yield, or interest rate, on Spain's benchmark 10-year bond ... See all stories on this topic » |
Global PC sales beat expectations, China growth slowing Economic Times SAN FRANCISCO: Global sales of personal computers climbed more than expected in the first three months of the year but slowing in China's booming market tempered optimism about the figures released Wednesday. PC makers shipped 89 million units ... See all stories on this topic » |
Best Buy says probe of Dunn ongoing New York Post By JAMES COVERT The resignation of Best Buy's CEO might be a Dunn deal, but the electronics chain will press ahead with a probe of his "personal conduct." The Minneapolis-based retailer remained tight-lipped on allegations against Brian Dunn, ... See all stories on this topic » |
Management Change and Pre-Announcement Jolt VMware Shares Wall Street Journal By Steven D. Jones On Wednesday, the Palo Alto, Calif.-based computer virtualization giant pre-announced first-quarter performance, shook up its management team and introduced a suite of new products. VMware Inc. (VMW) said its first-quarter results, ... See all stories on this topic » |
Natural gas hits decade low The Advocate By JONATHAN FAHEY AP energy writer NEW YORK — The price of natural gas has fallen to its lowest level in more than a decade, a remarkable decline for a commodity that not long ago was believed to be in short supply. The country's supply of natural gas ... See all stories on this topic » |
Hiring may be rebounding, Fed's Beige Book indicates STLtoday.com This undated image courtesy of the US Federal Reserve Bank of St. Louis shows President and CEO James Bullard. The United States is in peril of "Japanese-style" deflation like that seen in the Asian giant's "lost decade," top Federal Reserve official ... See all stories on this topic » |
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Peru: Trapped Miners Are Rescued New York Times Peruvian miners trapped for six days in an abandoned copper mine prayed, told each other jokes and even danced in an attempt to hold onto hope, before they finally were freed Wednesday. The miners, above, ranging in age from 23 to 58, walked out, ... See all stories on this topic » |