UBS tax deal seen involving big accounts
A landmark settlement that will spare UBS a lengthy and damaging U.S. tax trial is set to be signed next week and will involve the disclosure of the biggest holders of secret Swiss accounts. Read Full Article here.
GM says no deal with Magna yet on Opel sale
General Motors' top negotiator for the sale of its European business took issue on Friday with assertions that Opel suitor Magna had struck a deal in principle on a contract for the deal. Read Full Article here.
CIT, clothing maker Scherr settle: report
CIT Group Inc , the cash-strapped corporate lender struggling to avoid bankruptcy, made an out-of-court settlement with apparel maker Scherr Inc that sued to end its relationship with the company, the New York Post said. Read Full Article here.
More U.S. home sellers cutting prices: survey
One in four U.S. homes for sale on August 1 had their prices marked down at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday. Read Full Article here.
Deadline for U.S. broadband grants, loans extended
The deadline for online applications for the first round of the U.S. government's $7.2 billion program to provide broadband access to all Americans was extended to August 20 from August 14 because of technical problems caused by the high number of applicants. Read Full Article here.
Blackstone's Schwarzman tops U.S. CEO payroll: study
Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday. Read Full Article here.