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  • Ocwen calls investor claims "baseless" Monday, 26 Jan 2015 | 7:50 AM ET

    Jan 26- Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans. Ocwen's shares were up 47 percent in premarket trading after the company reached a $2.5 million settlement with the California Department of Business...

  • Airlines are cancelling thousands of flights into and out of East Coast airports as a major snowstorm packing up to three feet of snow barrels down on the region. The National Weather Service predicts 2 to 3 feet of snow for a 250- mile stretch of the Northeast, including the New York and Boston areas. Philadelphia should get 14 to 18 inches.

  • BEIJING, Jan 26- Chinese investors are set to fork out $20 billion on offshore property this year, up 21 percent on 2014 as more domestic real estate developers and insurers internationalize their holdings, Jones Lang LaSalle Inc said on Monday. "The easing of restrictions over the last a few years by the Chinese government has... much easier for institutions as well...

  • NEW YORK— Satellite TV provider Dish Network made a splash this month when it unveiled an online alternative with fewer channels and a lower price tag than its regular service. The package is cheap compared with cable and satellite packages that typically cost $50 to $100 per month. Sling TV's base package costs $20 a month and comes with 11 channels from Disney,...

  • LONDON, Jan 26- Oil prices declined on Monday, with U.S. crude falling close to a nearly six-year low, as Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading down 86 cents at $47.93 a barrel by 0932 GMT, wiping out light gains made on Friday, but off an...

  • FOREX-Euro steadies despite Greek worries Monday, 26 Jan 2015 | 3:34 AM ET

    LONDON, Jan 26- The euro regained a foothold in early deals in London on Monday, investors choosing to take some profit on two days of dramatic losses after the results of elections in Greece sent the single currency to an 11- year low. Dealers and analysts in London said the most likely next move was still down but that the European Central Bank's announcement of...

  • March Brent crude fell 71 cents to $48.08 a barrel by 0718 GMT, wiping out light gains made on Friday after the death of Saudi King Abdullah, but it was off an early low of $47.85. Front-month WTI earlier slid to an intraday low of $44.35, just above the $44.20 hit on Jan. 13, which was the lowest since April 2009. "We saw the dollar rally again on Friday and this was largely on...

  • *Euro hits 11- year low in knee-jerk reaction to Greece vote. *Investors see limited fallout from Greece in longer term. TOKYO, Jan 26- The euro skidded to an 11- year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with...

  • Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd U.S. Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases. The challenges raise the possibility that the 2nd Circuit decision, legally binding only in New York,...

  • Sheriffs want popular police-tracking app disabled Monday, 26 Jan 2015 | 12:29 AM ET

    WASHINGTON— Sheriffs are campaigning to pressure Google Inc. to turn off a feature on its Waze traffic software that warns drivers when police are nearby. Waze, which Google purchased for $966 million in 2013, is a combination of GPS navigation and social networking. They are seeking support among other law enforcement trade groups to pressure Google to...

  • The "Freewheel" phone service, which runs on any WiFi connection, is an attempt by Cablevision to retain and potentially add subscribers at a time when cable companies are losing out to lower-priced, bundled TV and Internet services from telecom firms. Cablevision said the phone service was the first of its kind to be launched by a cable company and aims to tap...

  • SINGAPORE, Jan 26- Oil slid in early Asian trade on Monday, with U.S. crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. March Brent crude fell 44 cents to $48.35 a barrel by 0442 GMT, wiping out light gains made on Friday after the death of the Saudi King...

  • European pension funds lobby Oracle on pay, governance Sunday, 25 Jan 2015 | 11:12 PM ET

    Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...

  • Oil falls after Greek election sends euro tumbling Sunday, 25 Jan 2015 | 9:53 PM ET

    SINGAPORE, Jan 26- Oil slid in early Asian trade on Monday, with U.S. crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. March Brent crude fell 37 cents to $48.42 a barrel by 0226 GMT, wiping out light gains made on Friday after the death of the Saudi King...

  • TOKYO/ WELLINGTON, Jan 26- The euro hit an 11- year low versus the U.S. dollar on Monday as Greece's anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders. In the near term, traders are looking to whether Syriza will secure an outright majority, which would raise the risk of a standoff with...

  • Airlines are preparing to shut down operations along the East Coast as a major snowstorm packing up to three feet of snow barrels down on the region. The National Weather Service predicts 2 to 3 feet of snow for a 250- mile stretch of the Northeast, including the New York and Boston areas. Philadelphia should get 14 to 18 inches.

  • Jan 25- Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to an $11 billion merger to create one of the world's largest reinsurers, PartnerRe said on Sunday. The combined company will have gross premiums topping $10 billion, total capitalization of more than $14 billion, and total cash and invested assets of more than $33 billion, according to the PartnerRe...

  • NYMEX-US crude falls to near 6-year low as euro sags Sunday, 25 Jan 2015 | 7:31 PM ET

    SINGAPORE, Jan 26- U.S. crude futures dropped more than $1 on Monday to near the weakest in almost six years as the dollar strengthened after Greece's Syriza party pledged to roll back austerity measures on winning a snap election. *While a final result may not come for hours, Syriza's Alexis Tsipras is on course to become prime minister of the first euro zone...

  • *Greece vote results stokes fresh concerns of instability in Europe. TOKYO, Jan 26- The euro skidded to near an 11- year low and U.S. stock futures fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders. Syriza leader Alexis...

  • WELLINGTON, Jan 26- The euro weakened on Monday, approaching an 11- year low versus the U.S. dollar after projections showed Greece's Syriza party had won a snap election, raising the risk that the country may demand a debt write-off and end austerity measures. By 2055 GMT, the euro traded around $1.1160 after its sell-off fizzed out ahead of $1.1115 plumbed on...