Wiktor

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Egypt may release Mubarak as he stands trial in 2011 deaths

Former President Hosni Mubarak's possible release could incite fresh unrest in Egypt amid a deadly military crackdown on the Muslim Brotherhood.<p>August 19, 2013|By Jeffrey Fleishman and Raja Abdulrahim<p>Former Egyptian President Hosni Mubarak waves from behind bars at a court… (Associated Press )<p>CAIRO …

UK has lost '40%' of its banks and building societies

<b>Communities across the UK have lost more than 40% of their bank and building society branches since 1989, according to a new report.</b><p>The study, by Nottingham University, found that nearly 7,500 branches closed between 1989 and 2012.<p>However, it said that the rate of closure had been slower since the …

JPMorgan investigated by DoJ over possible energy market manipulation

JPMorgan faces further litigation after it emerged that the US Department of Justice is investigating whether the bank manipulated US energy markets.<p>The Wall Street giant has already agreed to pay $410m to settle a Federal Energy Regulatory Commission (FERC) probe into allegations that it …

Fannie Mae, Freddie Mac disregarding potential losses

The Federal National Mortgage Association and the Federal Home Loan Mortgage Corp., which have reported record profits after a taxpayer bailout, are ignoring billions of dollars in potential losses on overdue loans as they take three years to adopt a new accounting system, a government auditor said …

Zillow Prices Follow-On Offering At $82 Per Share To Raise $205M

Zillow, the real estate listings juggernaut, priced its follow-on offering to its IPO at $82 per share. The company is selling 2.5 million shares, or raising about $205 million. The $82 figure is a bit lower than Friday’s closing price of $91.22, as the company’s shares have slipped by more than 7 …

Indonesia stocks enter bear market amid slowdown fears - BBC News

Big Hedge Funds Piled Into Dell, Bottom-Fished For Apple In Q2

Hedge funds made noise in Dell, bought up Apple before it started to rebound and made big bets in healthcare during the second quarter, while paring back some exposure in names that have been huge winners.<p>FactSet’s quarterly look at portfolio disclosures from the 50 largest equity hedge funds …

Judge sides with AOL in lawsuit over Microsoft's $1B patent buy

A judge rules that AOL executives did not commit fraud by buying 14.8 million company shares before the $1 billion sale of the company's patent portfolio to Microsoft.<p>A federal judge dismissed a lawsuit brought against AOL by some of its former stockholders on Monday. According to Reuters, the …

SEC orders hedge fund manager to pay $18 million

Settlement with Harbinger Capital hedge fund manager Philip Falcone includes admission of wrongdoing in SEC get-tough policy.<p>Billionaire hedge fund manager Philip Falcone and his advisory company will pay more than $18 million and admit wrongdoing in a settlement with the Securities and Exchange …