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  • Nov 28- Wells Fargo& Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area. According to a complaint filed in the U.S. District Court in Chicago, which is part of Cook County and the third-most populous U.S. city,...

  • Nov 28- Wells Fargo& Co was sued on Friday by Cook County, Illinois, which accused the largest U.S. mortgage lender of targeting black, Hispanic and female borrowers with predatory and discriminatory lending in the Chicago area. According to a complaint filed in the U.S. District Court in Chicago, which is part of Cook County and the third-most populous U.S. city,...

  • That was the day 100,000 tonnes of metal being stored in LME-registered sheds in Detroit were canceled prior to physical load-out. The cancellations created an instantaneous bottleneck at Metro International, the dominant LME warehouse operator in Detroit. A relatively benign load-out queue of just over 20 days at Detroit mushroomed to a monster queue of...

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • WASHINGTON, Nov 15- President Barack Obama's plan to extend private health coverage to the uninsured entered a new uncertain phase on Saturday as government-backed online insurance marketplaces opened their 2015 plans to millions of potential enrollees. A 2010 law known as Obamacare is intended to extend health coverage to millions of uninsured...

  • WASHINGTON, Nov 13- A spike in home auctions last month helped drive the biggest gain in U.S. foreclosure activity in more than four years, according to a report from RealtyTrac on Thursday. "The October foreclosure numbers are not a complete surprise given that over the past three years there has been an average 8 percent monthly uptick in scheduled foreclosure...

  • FRANKFURT, Nov 6- Responding to a dizzying array of issues that threaten to break the Internet, from privacy to tax dodging to cybercrime, a group of the world's leading governance organisations say greater user involvement, not top-down control, is needed. Three organisations-- Brazil's Internet Steering Committee, Internet Corporation for Assigned Names and...

  • In September life-science company Calico, which was set up by Google last year to investigate the ageing process, joined with U.S. drugmaker AbbVie in committing an initial $250 million apiece to developing cures for age-related diseases. Away from the limelight, however, Switzerland's Novartis and Denmark's Novo Nordisk are already testing new roles for...

  • NEW YORK, Nov 5- Tax-cutting measures in a handful of states looked to gain traction following Tuesday's elections, potentially weakening fiscal positions if revenues fail to keep pace with spending. "As far as states go there was a clear message that people would rather have lower taxes," said Craig Brandon, Co-Director of Municipal Investments at Eaton Vance in...

  • Oct 28- In a rare move, a securities arbitration panel sided with a broker who alleged UBS AG had hurt his business model and team, although the broker also has to return bonus money. The Financial Industry Regulatory Authority panel ordered UBS to pay Maryland broker Gary Padussis $933,000 in damages. However, it also ordered him to pay $1.7 million to the firm to...

  • NEW YORK, Oct 28- Corporate America spent part of its record $1.65 trillion cash stockpile to buy companies and their own stocks in the past three months as their confidence in the U.S. economy grew, a survey showed. They feel a bit more confident about the economy, " Jim Kaitz, president of AFP, which is based in Bethesda, Maryland said of its survey released late Monday.

  • TREASURIES-Prices ease as Wall St rallies, Fed meets Tuesday, 28 Oct 2014 | 2:49 PM ET

    *Bidding soft as Treasury sells $29 bln of 2- yr notes. NEW YORK, Oct 28- U.S. "The market is waiting on the FOMC," said Wilmer Stith, fixed income portfolio manager at Wilmington Trust in Baltimore, Maryland.

  • *Prices drop as equity markets rise. NEW YORK, Oct 28- U.S. "The market is waiting on the FOMC," said Wilmer Stith, fixed income portfolio manager at Wilmington Trust in Baltimore, Maryland.

  • Oct 23- Under Armor Inc warned that its sales growth would slow next year as the scorching increase in sales of its sports apparel eases off due to cooling demand for its popular outdoor clothing designed to retain body heat. "As UA's apparel revenue base grows larger, it may become more challenging for the company to consistently maintain its 20 percent- plus...

  • Under Armour shares fall as sales growth slows Thursday, 23 Oct 2014 | 11:07 AM ET
    Under Armour

    Sports apparel maker Under Armour reported slowing quarterly growth in its apparel business, sending its shares down about 6 percent in early trading.

  • Oct 23- Sports apparel manufacturer and retailer Under Armour Inc reported slowing quarterly growth in its apparel business, sending its shares down about 6 percent in early trading. Under Armour also raised its full-year 2014 sales forecast for the third time. Under Armour said net income rose to $89.1 million, or 41 cents per share, in the third quarter ended...

  • DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...

  • WASHINGTON, Oct 16- Oil and gas interests are pouring money into a tight U.S. Senate race in Louisiana, giving twice as much to the Senate campaign of incumbent Democrat Mary Landrieu than her Republican challenger even though the industry backs the Republican push to regain control of the Senate. Landrieu, chairwoman of the Senate Energy Committee, is...

  • NEW YORK, Oct 15- U.S. Treasuries jumped on Wednesday, with 30- year bond prices touching a near two-year high as disappointing U.S. economic data stung Wall Street and aggravated widening worries about a global slowdown. Treasuries were boosted by growing signs that Europe's economies were sputtering and of disinflation in China, trends that may dull...

  • NEW YORK, Oct 14- Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets. The two big...