Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday.
Sprint Corp said Tuesday it has partnered with phone manufacturer LG Electronics Inc to launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the No. 4 U.S. wireless carrier.
World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy.
Nasdaq Inc and a Wall Street watchdog will raise fees for private stock trading platforms, such as “dark pools,” that report trade executions to a Nasdaq-run entity, in response to higher operational costs and off-exchange trading volumes, according to a recent regulatory filing.
The International Air Transport Association (IATA) is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM.
Paul Manafort’s defense rested its case Tuesday without calling any witnesses in the former Trump campaign chairman’s tax evasion and bank fraud trial. Manafort himself chose not to testify. The decision not to call witnesses clears the way for the jury to hear closing arguments in the first trial to emerge from special counsel Robert Mueller’s investigation. …read more […]
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday, adding this was the largest penalty imposed on a bank for misconduct during the financial crisis.
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism.
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor … …read more […]
Kroger Co has partnered with Alibaba Group Holding Ltd to sell its private label products on the e-commerce giant’s Tmall platform in China, making its first venture outside the United States.
Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the U.S. and China, regulatory filings showed Tuesday.
A group of founders, executives and early employees of Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options.
Goldman Sachs’ analyst is one of the most bearish Tesla analysts on Wall Street, with a “sell” rating and $210 price target — 40% below where shares are trading. Elon Musk hasn’t been one to hide his disdain for Tesla skeptics on Wall Street. …read more […]
Cisco Systems (CSCO) has seen its stock price sink roughly 3% over the last three months as investors decide what to make of the historic tech giant’s future. Cisco is coming off a relatively solid fiscal third quarter and has made a string of acquisitions that set it up for a stronger future. But the question is should investors buy CSCO stock ahead of the firm’s earnings release Wednesday? …read more […]
Home Depot Inc’s profit and revenue topped estimates on Tuesday despite signs of a slowdown in the housing market, boosted by a rebound in demand for seasonal products and as shoppers spent more to remodel their homes.
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