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  • Anti-extremist ads partially financed by Google recently began appearing in the U.K. as part of a program that helps nonprofit organizations highlight their causes when people enter certain words into a search engine. In this instance, Google says it is providing a "handful" of nonprofits with $10,000 apiece to buy such ads. Google, a subsidiary of Alphabet Inc.,...

  • Fairway says needs more capital to stay in business Monday, 8 Feb 2016 | 4:15 PM ET

    It said a failure to raise capital may prompt its auditor to issue a "going concern" warning, which would constitute an event of default under a senior credit facility where it had $266.8 million outstanding as of Dec. 27. Fairway lost $9.7 million in the quarter ended on Dec. 27, as net sales fell 7 percent to $191.7 million. In Monday trading, Fairway shares fell 4.5...

  • WASHINGTON, Feb 5- HSBC Holdings Plc will pay $470 million to settle parallel U.S. federal and state civil charges alleging the bank's mortgage servicing arm engaged in abusive foreclosure and loan origination practices, the New York Attorney General's office said on Friday. The mortgage settlement resolves claims brought against the London- based bank by...

  • Sports Authority to file for bankruptcy: Report Thursday, 4 Feb 2016 | 2:35 PM ET
    Sports Authority store

    Sports Authority is preparing to file for bankruptcy, according to a Bloomberg report that cited sources with knowledge of the situation.

  • Feb 3- Goldman Sachs Group Inc has named Jim Esposito as the new chief strategy officer for its securities division. He has also served as head of its Europe, Middle East and Africa financing group and as chief operating officer of investment banking. "Our industry is undergoing extraordinary change, driven by technology and regulation," the memo said, which was...

  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • WASHINGTON, Feb 2- Toyota Motor Credit Corp has agreed to pay up to $21.9 million in restitution to thousands of African-American, Asian and Pacific Islander customers, for charging them higher interest rates on auto loans than white borrowers with comparable creditworthiness, the U.S. government said. Toyota Motor Credit will also change its pricing and...

  • WASHINGTON, Feb 2- The U.S. Consumer Financial Protection Bureau and the Justice Department said on Tuesday they had reached agreement with Toyota Motor Credit Corp for it to pay up to $21.9 million in restitution to thousands of African-American and Asian and Pacific Islander borrowers who paid higher interest rates than white borrowers for their auto...

  • SHANGHAI, Feb 1- The Shanghai Stock Exchange has warned several securities firms to strengthen risk control in their corporate bond and asset-backed securities businesses, two sources with direct knowledge of the matter said on Monday. Moreover, corporate bond financing has taken over from China's murky "shadow banking" sector- the locus for a large portion of...

  • 'China's debt avalanche is the biggest worry' Friday, 29 Jan 2016 | 3:25 AM ET
    A customer holds a 100 Yuan note at a market in Beijing.

    China's slowing economy and market rout may capture headlines, but the mainland's debt load is a bigger worry, said top China banking analyst Charlene Chu.

  • BEIJING, Jan 29- Chinese police have detained suspects as part of a fraud investigation over bill financing business at CITIC Bank Corp, Xinhua news agency said on Friday. The bank confirmed on Thursday that it had discovered fraud involving 969 million yuan in funds illicitly drawn from its bill financing business. CITIC Bank's spokeswoman declined to...

  • MEXICO CITY, Jan 28- Mexico's ICA has filed a criminal complaint against employees of Deutsche Bank in a bid to prevent the bank from seizing the collateral for a now-defaulted loan to the embattled construction firm, according to three sources close to the matter and a document reviewed by Reuters. But in a previously unreported counterstrike, ICA subsidiary...

  • Brazil earmarks $20 bln in new loans to bolster economy Thursday, 28 Jan 2016 | 2:46 PM ET

    SAO PAULO, Jan 28- Brazil's government will release 83 billion reais in new credit from state-run banks in a bid to bolster its shrinking economy, a government source familiar with the decision told Reuters on Thursday. The announcement was made by Finance Minister Nelson Barbosa at a high profile meeting with business and labor leaders at the presidential...

  • Spotify looks to raise $500M in debt Wednesday, 27 Jan 2016 | 1:42 PM ET
    Spotify technology apps

    Just months after a fundraising round, Spotify hopes to borrow $500 million from investors, The Financial Times reports.

  • Growth expectations have been too high: CIO Thursday, 21 Jan 2016 | 11:36 AM ET
    Growth expectations have been too high: CIO

    Colin Moore, Global Chief Investment Officer at Columbia Threadneedle Investments, says high growth expectations are stabilizing.

  • HOUSTON, Jan 21- A private equity-backed U.S. oil company led by former Statoil executives has bought 18,000 acres in rural west Texas, the latest deal by investors snapping up land whose value has plunged along with crude prices. Luxe Energy LLC, formed last year by Statoil alumni with $500 million in equity financing from NGP Energy Capital Management, planned...

  • **Bank of America Corp No. 2 U.S. bank by assets Energy exposure assumed at 2.4 percent of total loans. "Energy portfolio stress analysis shows $30 oil for 9 quarters would result in about $700 million of losses." "If oil were $25 for sustained period instead of $30, estimated $600 million cost of credit in first half of 2016 could double.

  • TOKYO, Jan 20- Japan's Ministry of Finance is set to project tax revenue to hit an all-time high of 62.6 trillion yen in the fiscal year from April 2017 and reach around 70 trillion yen in five years, to help narrow a budget deficit, sources told Reuters. The higher tax revenue projections take into account the planned sales tax rise to 10 percent from the current 8...

  • CARACAS, Jan 19- Venezuela's new opposition-led Congress plans to investigate state-run oil company PDVSA's financial health and hefty Chinese loans, a lawmaker said on Tuesday. With the political opposition in control of the National Assembly since this month, rivals of leftist President Nicolas Maduro want to use their new perch to push for greater...