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Citi settles Fannie and Freddie claims over mortgage bond losses
Citigroup Inc. has become the second financial giant to settle a regulator's lawsuits over questionable mortgage bonds sold to taxpayer-owned Fannie Mae and Freddie Mac during the housing bubble. The agreement, disclosed Tuesday, is the second reached...
Tags: Citigroup Incorporated, Finance, Bank of America Corp., JPMorgan Chase & Co., Economy, Business and Finance
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Pork firm Smithfield sold to China's Shuanghui for $7.1 billion
Smithfield Foods Inc., the world’s leading pork producer, is being sold to Shuanghui International Holdings, owner of China’s largest meat processing business, for $7.1 billion. Smithfield shareholders, who along with antitrust regulators...
Tags: Standards, Smithfield, Smithfield Foods, China, Science and Technology
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Retail roundup: J.C. Penney loan, Abercrombie apology, Mattel layoffs
The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie & Fitch. Mattel: As the El Segundo-based toymaker adapts to its newly created North America division, it...
Tags: Target, Economy, Business and Finance, Fisher-Price, Justice System, Judges
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Federal Reserve, Bank of America Corp., Mortgages, JPMorgan Chase & Co., Financial and Business Services
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Bloomberg in damage-control mode over client snooping
Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...
Tags: Thomson Corporation, Federal Reserve, Finance, U.S. Securities and Exchange Commission, Economy, Business and Finance
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Bloomberg CEO admits 'mistake' in snooping scandal
Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake." The company went into damage control mode last week shortly after it disclosed that...
Tags: Federal Reserve, News Media, Bloomberg L.P.
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J.C. Penney woes may persist as Best Buy rebounds
For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...
Tags: Coca-Cola Co., Citigroup Incorporated, Kohl's, Economy, Business and Finance, Earnings
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The Goldman Sachs banker turned Nature Conservancy chief
Mark Tercek had some horribly awkward moments after he left Goldman Sachs to run a U.S. environmental charity, the Nature Conservancy. At one of his first big staff meetings, he committed a total eco no-no by drinking from a plastic water bottle. When...
Tags: Coca-Cola Co., World Wildlife Fund, Coca-Cola, Conservation, Environmental Issues
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Brown wants China aboard California's high-speed rail project
SHANGHAI — Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train. The governor has staked part of his legacy on the rail network,...
Tags: Railway Transportation, Finance, Regional Authority, Jerry Brown, Economy, Business and Finance
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J.C. Penney ad: 'What matters with mistakes is what we learn'
J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson. The 30-second video went live on YouTube, Facebook...
Tags: Ron Johnson, Media Industry, Credit Ratings, JC Penney Company Inc., Social Media
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Goldman Sachs, Morgan Stanley to send foreclosure settlement checks
WASHINGTON -- Goldman Sachs and Morgan Stanley will begin sending $247 million in payments on Friday to nearly a quarter-million people under a settlement of foreclosure-abuse allegations with regulators, the Federal Reserve said. The two Wall Street...
Tags: Federal Reserve, Bank of America Corp., Mortgages, Personal Income, Financial and Business Services
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Milken conference panel: Immigration reform would boost economy
Providing legal status to the country's estimated 11 million illegal immigrants would boost the U.S. economy and eradicate underground economies in cities such as Los Angeles, a panel of researchers, elected officials and a business tycoon said Monday. ...
Tags: Illegal Immigrants, Employees, Antonio Villaraigosa, Morgan Stanley Dean Witter & Company, Interior Policy
May 29, 2013
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May 29, 2013
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May 23, 2013
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May 9, 2013
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May 13, 2013
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May 10, 2013
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May 4, 2013
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Apr 11, 2013
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May 1, 2013
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Apr 29, 2013
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Apr 29, 2013
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