NEW YORK, Dec 19- U.S. homeowners suing mortgage companies once owned by a bank Wells Fargo& Co later acquired won a $54.8 million verdict on Friday in a class action over excessive fees. The verdict, by a federal jury in Manhattan, came in a long-running lawsuit by borrowers whose mortgages were owned or serviced by HomEq Serving or the lender whose loans it was...» Read More
Sept 15- Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash. Cognizant said the deal would immediately add to adjusted profit. Cognizant said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.
RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.
Sept 12- RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.
WASHINGTON, Sept 11- A top Boeing Co executive on Thursday showed no concern that rival Airbus could receive U.S. Export-Import Bank financing for its U.S-manufactured jetliners if it met qualifications.
NEW YORK/ WASHINGTON, Sept 11- Wilmington Trust Co, now part of M&T Bank Corp, will pay $18.5 million to settle charges that it underreported the amount of construction loans that were not being repaid after the financial crisis, the U.S. Securities and Exchange Commission said on Thursday.
Sept 8- Media company Studio 8, run by former Warner Bros executive Jeff Robinov, entered into a distribution deal with Sony Pictures Entertainment on Monday and said it planned to raise $1 billion in financing. Sony will also become an investor in Studio 8, which was founded in partnership with China- based investment group Fosun Group.
Sept 4- Fractyl Laboratories Inc, which is developing a therapy to treat type 2 diabetes, said it has raised $40 million in series C funding led by investment firm Mithril Capital Management.
MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday.
MEXICO CITY, Sept 3- Mexico's government will finance the first stage of a new $9.15 billion airport planned for the capital via cash flow from the current airport, and could issue up to 30- year bonds to finance later stages, a senior project official said on Wednesday. President Enrique Pena Nieto formally announced the project on Tuesday.
MEXICO GOV'T MAY MULL ISSUING UP TO 30- YEAR BONDS TO FINANCE LATER STAGES OF AIRPORT PROJECT-OFFICIAL.
In the second quarter, 85 percent of new car purchases and 53.8 percent of used car purchases were financed, according to data from Experian Plc, an information provider.
U.S. small businesses boosted borrowing in July to its highest level in more than seven years.
The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.
Indian corporates have gone on a borrowing spree in international debt markets this year, a trend that's set to continue, say analysts.
Aug 28- Barclays PLC has agreed to raise up to $275 million to fund Detroit's exit from municipal bankruptcy, the city announced on Thursday. The financing will involve financial recovery bonds issued through the Michigan Finance Authority then purchased by Barclays at a price equal to par, according to deal's term sheet.
*Novatek and VTB have reshuffled financing roles. Out of the companies on the sanctions lists, Reuters has identified some with senior managers holding a Western passport, including energy firm Novatek, top lender Sberbank, No. 2 bank VTB and oil major Rosneft.
Aug 27- Education Management Corp said it would undertake a financial restructuring that would reduce its debt by about $1.1 billion and would seek a waiver of all financial covenants through June under an amendment to its credit facility.
The bondholders would participate in a $600 million rights offering, while JPMorgan Chase& Co would supply a $1.3 billion loan.
SHANGHAI/ HONG KONG, Aug 26- Agricultural Bank of China Ltd on Tuesday became the third major Chinese bank to report slowing profit growth and rising bad loans for the second quarter, as a slowing economy impacts lenders. AgBank joins Bank of China and Bank of Communications which reported a similar results this month.
WASHINGTON, Aug 23- President Barack Obama on Saturday urged business owners to press Congress to reauthorize the U.S. Export-Import Bank, which could halt any new financing Sept. 30- as some conservative Republicans hope it will- if lawmakers fail to act.