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Citigroup paying $75M to settle fraud charges over subprime losses
4 RelatedUSA Today
Banking titan Citigroup is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with...
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Visa Says Justice Department Weighing Antitrust Suit (Update3)
1 RelatedBloomberg
July 29 (Bloomberg) -- Visa Inc. , the world’s biggest payments network, fell as much as 5 percent after saying the U.S. Department of Justice may sue the company over a policy that bars merchants from charging extra...
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Mexico arrests Pemex oil official in bribery case
FOX News
MEXICO CITY (Reuters) - Mexican police have arrested an official at state oil monopoly Pemex on suspicion of trying to sell an exploration contract for around $19,000, the attorney general's office said Thursday. The official in the exploration...
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NY Fed: Toxic assets from AIG gaining value
MSNBC
Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday. The assets are now worth $69.1 billion — about...
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Secret of English muffin 'nooks & crannies' is safe for now
USA Today
A former food-industry executive armed with the secret to the "nooks and crannies" in Thomas' English muffins displayed "suspicious conduct" before his planned move to rival Hostess, a U.S. appeals court said in upholding a ban on the...
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Sunoco Swings To 2Q Profit, Beating Views, As Revenue Surges
4 RelatedFOX News
(Updates with comments from conference call and details.) Naureen S. Malik and Matt Jarzemsky DOW JONES NEWSWIRES Sunoco Inc. (SUN) swung to a second-quarter profit, beating analysts' views as higher refining margins and lower expenses offset lower production...
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Ballmer: Microsoft feels tablet 'urgency'
CNN Money
Microsoft Chief Executive Steve Ballmer said Thursday that the software giant is urgently working with its partners to unveil a host of tablet computers running Windows 7, to compete with Apple's fast-selling iPad.At a meeting with financial analysts...
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Best American Cities For Working Mothers
ABC News
For the second year running, ForbesWoman has gathered the data and crunched the numbers to determine the U.S. cities that offer the most to working moms. To calculate our list we began with the 50 largest metropolitan statistical...
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UPDATE 2-US Republicans block small business plan in Senate
2 RelatedFOX News
* Republicans accuse Democrats of election-year politics * Obama had urged the Senate to approve bill * Reid suggests cooling off period (Updates with possibility of vote next week) By Donna Smith WASHINGTON (Reuters) - U.S. Senate Republicans...
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Japan July manufacturing PMI falls to 4-month low
2 RelatedFOX News
TOKYO, July 30 (Reuters) - Japanese manufacturing activity expanded in July at its slowest pace in four months, a survey showed on Friday, as overseas demand slackens following a rapid recovery earlier this year. The Nomura/JMMA Japan Manufacturing...