RBS Pays $1.1 Billion to Settle Mortgage-Backed Securities Lawsuits in US
LONDON—Royal Bank of Scotland Group PLC has agreed to pay $1.1 billion to a U.S. regulator to resolve two civil lawsuits over the way it sold mortgage-backed securities in the run-up to the financial crisis. The U.K. lender said the settlement with the National Credit Union Administration Board is substantially covered by existing provisions and will have no material impact on its common equity Tier 1 ratio—a measure of high-quality...>> view originalNike orders miss estimates as competition heats up
Nike Inc's (NKE.N) future orders missed analysts' estimates for the third time in a row, as the world's largest footwear maker struggles with increasing competition from Under Armour Inc (UA.N) and a resurgent Adidas (ADSGn.DE) in North America.Shares of the company, which reported better-than-expected quarterly revenue and profit, fell 4.4 percent to $52.90 in after-market trading on Tuesday. The stock is the worst performer on the Dow Jones Industrial Average this year, down about 11 percent..>> view originalGerman Consumer Confidence Falls Amid Brexit, Terror Fears
BERLIN — A closely watched survey shows German consumer confidence has dropped slightly amid concerns over Britain's decision to leave the EU and extremist attack threats.The GfK research group said Wednesday its forward-looking consumer climate index fell to 10.0 points for October from 10.2 points in September.The group said that "it looks as if the Brexit decision from June has now started to have an impact. In the three months since the referendum, economic expectations have continuously f..>> view originalDrone Fly-By Closes Dubai's Busy Airport for a Half Hour
DUBAI, United Arab Emirates — Officials say Dubai International Airport closed for a half hour after a drone flew by its airspace.The airport says it stopped flight operations just after 8 a.m. Wednesday over "unauthorized drone activity." It says a number of takeoffs and landings were delayed by the drone.It added on Twitter: "Safety is our top priority and we remind all (drone) operations that activities are not permitted within 5 kilometers (3.11 miles) of any airport or landing area."Dro..>> view originalYellen likely to face questions about Wells Fargo
FILE - In this Tuesday, Feb. 24, 2015, file photo, Federal Reserve Board Chair Janet Yellen prepares to testify on Capitol Hill in Washington, before the Senate Banking Committee. On Wednesday, Sept. 28, 2016, Yellen is scheduled to testify before the House Financial Services Committee about bank regulation. (AP Photo/Susan Walsh, File) The Associated Press By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Janet Yellen, who has been in the hot seat over t..>> view originalTysons recalls chicken nuggets for plastic contamination
13 Share This Story!Let friends in your social network know what you are reading aboutTysons recalls chicken nuggets for plastic contaminationTyson Foods is recalling 132,520 pounds of cooked, coated chicken nuggets because they may be contaminated with hard plastic, the U.S. Department of Agriculture says.Sent!A link has been sent to your friend's email address.Posted!A link has been posted to your Facebook feed. Tysons recalls chicken nugget..>> view originalWells Fargo Claws Back Millions From CEO After Scandal
Wells Fargo & Co. Chairman and Chief Executive John Stumpf will forfeit $41 million for the bank’s burgeoning sales scandal, marking one of the biggest rebukes to the head of a major U.S. financial institution. The bank’s board moved to rescind pay for Mr. Stumpf and former community- banking head Carrie Tolstedt ahead of a hearing of the House Financial Services Committee Thursday. Wells Fargo’s board said Ms. Tolstedt, who...>> view originalFacebook Pushes Advertisers to Look Beyond Views and Likes
Sept. 27, 2016 6:40 p.m. ET Speaking to advertising executives on Tuesday, Facebook Inc. FB 1.08 % executives downplayed controversy over the company’s miscalculation of a video metric and called for ad buyers to focus on metrics tied to business outcomes. The Wall Street Journal reported last week that the social network had been overestimating average time spent viewing videos by up to 80% for two years before fixing the mistake, because it wasn’t factoring in videos v..>> view original1st debate: What Wall Street is saying
Republican presidential nominee Donald Trump and Democratic presidential nominee Hillary Clinton shake hands during the presidential debate at Hofstra University in Hempstead, N.Y., Monday.(Photo: David Goldman, AP)Round 1 of the Clinton v. Trump slug-fest is now in the books. Here's what Wall Street pros are saying about Monday night's contentious first debate between the two presidential candidates.LEWIS ALEXANDER, chief U.S. economist, NOMURA"Markets suggest a win for Clinton but no knockout ..>> view original
Thursday, October 13, 2016
RBS Pays $1.1 Billion to Settle Mortgage-Backed Securities Lawsuits in US and other top stories.
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