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Laid-off workers form co-op to open Chicago window plant
Workers who made news around the world when they staged a sit-in at a Chicago window factory in 2008 have struck out on their own with the help of a nonprofit. "I don't believe it just yet," said Joel Cruz, one of 17 workers who are owners of New Era...
Tags: Career and Workplace, Employment, Economy, Business and Finance, Employment Opportunities, Companies and Corporations
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RPT-Deutsche tops FX industry poll, but Citi closing in
Reuters* Deutsche leads survey for 9th straight year * Citi sees largest jump in market share among top 10 * Top 5 banks account for 57 pct of market share * BAML replaces Goldman Sachs in top 10 By Anooja Debnath LONDON, May 8 (Reuters) - Deutsche Bank had the...Tags: Goldman Sachs Group, Inc., Deutsche Bank AG, Money and Monetary Policy, Corporate Performance, Morgan Stanley Dean Witter & Company
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Wall Street extiende alzas, impulsado por acciones bancarias y tecnológicas
ReutersPor Angela Moon NUEVA YORK, 8 mayo (Reuters) - Las acciones estadounidenses subían el miércoles, impulsadas por los sectores financieros y de tecnología, y se encaminaban a anotar nuevos máximos por quinta sesión consecutiva. El índice del...Tags: Stock Market, NASDAQ, S&P 500, Google Inc., Citigroup Incorporated
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BRIEF-U.S. may pursue civil lawsuit against Bank of America over mortgages sold to Fannie Mae, Freddie Mac
ReutersMay 8 (Reuters) - * U.S. may pursue civil lawsuit against Bank of America Corp over sale of toxic mortgages to fannie mae, freddie mac -- court ruling * Bank of america fails to dismiss claims seeking civil penalties under 1989 firrea law * Bank of...Tags: Freddie Mac, Crime, Law and Justice, Manhattan (New York City), Fannie Mae, Banking
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U.S. can pursue lawsuit against Bank of America over mortgages
ReutersWASHINGTON, May 8 (Reuters) - A federal judge on Wednesday said the U.S. can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the...Tags: Freddie Mac, Crime, Law and Justice, Fannie Mae, Banking, Justice System
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STOCKS NEWS US-Total option open interest at 4.2 mln contracts
ReutersReal-time equity news U.S. stock market report 0947 ET 08May2013 Total option open interest stands at 4.2 mln contracts -------------------------------------------------------------------------------- A total of 18.1 million contracts changed hands in...Tags: Microsoft Corporation, Intel Corp., Banking, Cisco Systems Inc., Yahoo! Inc.
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S&P upgrades MBIA, National Public Finance Guarantee fncl strength rtgs
ReutersMay 8 (Reuters) - Standard & Poor's Ratings Services on Wednesday raised the financial strength ratings of MBIA Insurance Corp and National Public Finance Guarantee Corp adding it may upgrade them further. The rating action on MBIA - with a financial...Tags: Public Finance, Stock Market, Standard & Poor's Financial Services LLC, Politics, MBIA Incorporated
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EEUU puede proceder con demanda civil contra BofA por hipotecas tóxicas
ReutersWASHINGTON, 8 mayo (Reuters) - Un juez federal dijo el miércoles que el Gobierno de Estados Unidos puede proceder con partes de una demanda civil contra Bank of America Corp por su venta de hipotecas tóxicas a los proveedores de financiamiento para la...Tags: Freddie Mac, Fannie Mae, Banking
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MIDEAST DEBT-Dubai may get creative to finance looming debt hump
Reuters* Markets confident Dubai can meet 2014-2016 payments * But it still hasn't explained clearly how it will do so * Asset sales slow, higher taxes not on the cards * $20 bln Abu Dhabi loans expected to be rolled over * Bond issues, possibly...Tags: United Arab Emirates, Financial Markets, Dubai (United Arab Emirates), Islam, Moody's Corporation
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SEC chief defends 'neither admit nor deny' but will review
ReutersBy Sarah N. Lynch WASHINGTON, May 7 (Reuters) - The new head of the U.S. Securities and Exchange Commission defended on Tuesday the agency's policy of letting firms settle civil charges without admitting or denying them, but also pledged to review the...Tags: Crime, Law and Justice, U.S. Securities and Exchange Commission, U.S. Congress, Mary Schapiro, Politics
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U.S. RESEARCH ROUNDUP: AIG, Yahoo, Gap, BroadSoft
ReutersMay 7 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including AIG, Gap, TJX and Yahoo, on Tuesday. HIGHLIGHTS * Yahoo : Stifel raises price target to $31 from $27; rating * Retail:...Tags: Drugs and Medicines, Goldman Sachs Group, Inc., Ross Stores Incorporated, Gastar Exploration Limited, American International Group
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MBIA settles with Societe Generale for $350 million
ReutersNEW YORK (Reuters) - MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday. MBIA confirmed the settlement in a regulatory filing...Tags: Litigation, Litigation and Regulation, Economy, Business and Finance, Insurance, Finance
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