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Citigroup agrees Freddie Mac mortgage claim settlement

<b>US banking giant Citigroup has agreed to pay $395m (£245m) to Freddie Mac to settle claims of potential flaws in mortgages it sold to the firm.</b><p>It covers nearly 3.7 million loans sold to Freddie Mac between 2000 and 2012.<p>It is latest in a series of settlements by US banks with agencies Freddie Mac …

Real Estate

Nasdaq, NYSE consider data sharing deal to prevent trading outages

Nasdaq and the New York Stock Exchange are currently in early talks over what would be an unprecedented partnership after the two leading US stock markets experienced recent halts in trading due to tech problems, <i>The Wall Street Journal reports</i>. The rival exchanges are currently considering a system …

JPMorgan has made itself a target for regulators

Not long ago, Goldman Sachs was Wall Street’s lightning rod, attracting bad publicity and interventions from regulators. Its place has been taken by …

BlackBerry cancels earnings call after buyout offer

Struggling handset maker still plans to reveal its second-quarter financial results but doesn't want to talk about them in light of offer to take the company private.<p>BlackBerry plans to release its second-quarter financial results on Friday but doesn't want to discuss them.<p>The struggling handset …

Official: JPMorgan settlement talks target $11B

JPMorgan Chase could pay $7 billion in cash and provide $4 billion in relief to homeowners under proposed legal settlement.<p>JPMorgan Chase is in talks with several state and federal agencies about a proposed $11 billion settlement of regulatory investigations related to its handling of …

Michael Froman, Top U.S. Trade Official, Sides With Tar Sands Advocates In EU Negotiations

Building the Keystone XL pipeline is only part of the equation. Once the Canadian tar sands are pumped and piped to refineries on the Gulf Coast, the industry still needs to find buyers for its end product -- much of which will be exported.<p>That's where U.S. Trade Representative Michael Froman comes …

Danone unit investigates fresh China bribery claims

<b>A unit of the French food group Danone has started an internal investigation into bribery claims in China.</b><p>A report in Chinese newspaper 21st Century Business Herald has alleged that Nutricia, maker of Karicare milk formula, bribed doctors to boost sales.<p>The report, which cited an unidentified …

China

The Harsh New Reality Of Doing Business In China

HONG KONG – A treacherous era for foreign companies doing business in China has begun, underlining the importance that companies thoroughly vet their operations, information technology and the people working for them.<p>The hydra-headed threat began to take shape in July when the National Development …