RBS reaches $4.9 billion deal to settle US mortgage bond probe

RBS reaches $4.9 billion deal to settle US mortgage bond probe

(Reuters) – The Royal Bank of Scotland said on Wednesday it had reached an agreement in principle with the U.S. Department of Justice that includes a $4.9 billion civil penalty to resolve potential claims over mortgage-backed securities issued from 2005 to 2008. FILE PHOTO: The logo of the Royal Bank of Scotland (RBS) is seen […]

Telecom Tycoon John Malone Is Scaling Back His European Empire

Telecom Tycoon John Malone Is Scaling Back His European Empire

Only a few years ago, the U.S. telecom tycoon John Malone was all about expanding in Europe, apparently aiming to replicate his success in the American cable industry with Liberty Global, which bought Virgin Media and Cable & Wireless Communications in the U.K. and Unitymedia in Germany. Now, however, Denver-based Liberty Global (lbtya) is withdrawing […]

Disney Gets 'Black Panther' Boost, But TV Business Falls Flat

Disney Gets 'Black Panther' Boost, But TV Business Falls Flat

There’s more than vibranium to be mined in the mythical country of Wakanda. Walt Disney Co.’s “Black Panther” helped the company’s second-quarter earnings sail past Wall Street estimates on Tuesday. The film, which became a cultural phenomenon after its release in February, generated more than $1.3 billion in worldwide ticket sales for the Burbank, California-based […]

Drive.ai Will Offer Uber-Like Service With Autonomous Vans This Summer

Drive.ai Will Offer Uber-Like Service With Autonomous Vans This Summer

Silicon Valley startup Drive.ai Inc. plans to roll out a small network of self-driving cars this summer that can be hailed using an app, making it one of the first such services available to the general public. The ride-hailing app will initially cover a slice of Frisco, Texas, and will be available in July, the company […]

Boy Scouts change name after admitting girls: What do Girl Scouts think?

Boy Scouts change name after admitting girls: What do Girl Scouts think?

MONTGOMERY COUNTY —  Girl Scouts of Western Ohio, which serve 32 counties up and down the I-75 corridor, have a strong response to the recent name change at the Boys Scouts of America. “We’re interested to hear that Boy Scouts has slightly altered its name and invested in a new brand identity—but what we really want […]

New Orleans News Site Finds Actors Were Paid To Support A Power Plant

Multiple actors were paid to appear at City Hall meetings in New Orleans and express support for a proposed gas-powered power plant, an investigative news site reports, citing interviews with actors and messages with organizers. The New Orleans City Council approved the new Entergy power plant in March. Allegations have been swirling for weeks that some […]

Buffett Can Choose From Insurance to Airlines to Construction to Boost Berkshire

Buffett Can Choose From Insurance to Airlines to Construction to Boost Berkshire

It’s time for Warren Buffett to crack open his extra large wallet.  As the billionaire prepares to host some 40,000 Berkshire Hathaway (BRK.A) shareholders from around the world in Omaha, Neb., this weekend, many will want to hear Buffett and Vice Chairman Charles Munger answer questions about what they plan for the business. Some holders […]

Warren Buffett's Berkshire Hathaway Inc. Loads Up on More Apple Stock

Warren Buffett's Berkshire Hathaway Inc. Loads Up on More Apple Stock

Since famed investor Warren Buffett’s Berkshire Hathaway (NYSE:BRK-B) (NYSE:BRK-A) began buying Apple (NASDAQ:AAPL) stock in early 2016, the conglomerate has continued to load up on shares. Berkshire has purchased so many Apple shares that the tech giant became Berkshire’s largest equity holding last year. But Buffett & Co. apparently weren’t done buying Apple stock when […]

1 16 17 18 19 20 29