Shyftr Shyftr

Monday, December 22, 2014

Wall Street Journal

Ocwen Head to Resign

1 hour 28 minutes ago
Shares of mortgage-servicing firm Ocwen Financial fell more than 25% after the chairman agreed to step down and the firm said it would pay $150 million following a probe by New York’s top financial regulator.

IPayment Extends Deadline But Has Restructuring Support

3 hours 1 minute ago
Credit-card processor iPayment Inc. has extended the deadline on its restructuring plan, which aims to reduce the company’s debt by more than $200 million.

Alstom to Pay $772 Million to Settle Bribery Charges

4 hours 35 minutes ago
French engineering giant Alstom SA agreed to pay $772 million to settle accusations that it paid millions of dollars in bribes to win energy contracts, prosecutors said on Monday.

Wells Fargo Ordered to Pay $54.8 Million

4 hours 38 minutes ago
Wells Fargo & Co. has been ordered to pay $54.8 million in damages tied to a class-action lawsuit alleging that fees charged by two mortgage servicers were excessive.

Why Saudis Decided Not to Prop Up Oil

5 hours 23 minutes ago
Behind OPEC’s decision not to cut crude output was Saudi Arabia’s view that America’s energy boom poses a new threat—one factor in a growing distance between the two allies.

Russia to Bail Out Trust Bank

5 hours 31 minutes ago
Russia’s economic and currency crisis has claimed its largest banking casualty, after the central bank said it would bail out private lender Trust Bank.

U.S. Existing-Home Sales Tumble in November

6 hours 13 minutes ago
Sales of previously owned homes tumbled to a six-month low in November, a sign the housing market continues to underperform despite a burst of hiring and stronger economic growth.

U.S. Stock Futures Rise

6 hours 43 minutes ago
U.S. stock futures rose Monday, with the Dow industrials poised for their fourth straight session of gains.

American Apparel Considering Buyout Offer

6 hours 47 minutes ago
American Apparel Inc. said Monday that it is considering an offer to sell itself at a premium of 31% to Friday’s close, while also announcing the appointment of its first female board chairwoman.

Rosneft, Morgan Stanley Oil Business Deal Collapses

7 hours 3 minutes ago
Rosneft’s planned acquisition of Morgan Stanley’s oil-trading and storage business has collapsed after the companies failed to win regulatory approval, amid tensions between the governments of the U.S. and Russia.

Caesars Entertainment Agrees to Buy Affiliate in Stock Deal

8 hours 5 minutes ago
Caesars Entertainment on Monday agreed to acquire affiliate Caesars Acquisition in a stock-for-stock merger.

U.K. to Criminalize Manipulation of Financial Benchmarks

9 hours 7 minutes ago
Manipulating financial benchmarks, including a key currencies benchmark, is set to become a criminal offense that could carry a prison sentence of up to seven years, Chancellor George Osborne said on Monday

Afren Gets Bid Approach From Seplat

9 hours 8 minutes ago
Nigeria-focused oil producer Afren said it has received a “highly preliminary” approach from Nigerian peer Seplat Petroleum in the latest sign that deal activity is heating up among oil exploration companies.

China Offers Russia Ruble Help

9 hours 53 minutes ago
China says it is willing to provide assistance to Russia following recent sharp drops in the value of its currency, said a senior official, as President Vladimir Putin’s regime faces continuing strains with the U.S. and Europe.

European Markets Register Modest Gains

10 hours 15 minutes ago
European markets clung to the expectation of further stimulus from the ECB, with the yield on Spanish government debt sinking to a record low in quiet holiday-time trading.

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