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Federal judge approves $25 billion mortgage pact

A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.
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Yahoo plans Tuesday reorganization meeting: source

Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet company at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after Thompson announced the deepest round of job cuts in years.
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Analysis: Forex fine print haunts BNY Mellon, State Street

State Street Corp has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We're not like Bank of New York Mellon Corp . While both custody banks deny they routinely overcharged state pension fund clients on foreign-exchange trades, State Street is trying to score points in court by highlighting differences in the phrases it used in market...
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Exclusive: Yahoo plans Tuesday reorganization meeting: source

Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet firm at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after he announced the deepest round of job cuts in years.
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Google CEO touts gains, focuses on long term bets

Google Inc's chief executive said the company's fledgling social network, Google+, has scored more than 100 million active users, and he reiterated the Internet search giant's commitment to making long-term bets.
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Congress inaction risks 2013 tax disaster: IRS chief

The commissioner of the U.S. tax-collecting Internal Revenue Service warned on Thursday of a real disaster for taxpayers next year should Congress miss a December 31 deadline to decide on billions in major tax provisions.
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S&P 500 marks 2012's worst week as bulls waver

Stocks mostly traded sideways on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability.
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After Jobs Act, Case turns focus to immigration

As he gathers with other movers and shakers at the White House on Thursday afternoon to witness President Barack Obama's signing of the Jobs Act, AOL Inc co-founder Steve Case is already thinking ahead to the next cause he can help champion behind the scenes: immigration reform.
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Viacom wins reversal in landmark YouTube case

A U.S. appeals court dealt Google Inc a major defeat by reviving lawsuits by Viacom Inc, the English Premier League and various other media companies over the use of copyrighted videos on Google's YouTube service without permission.
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S&P 500 set for worst week this year as bulls waver

Stocks largely traded sideways on Thursday as growing pressure in Europe's debt markets raised concerns about the financial stability of the region and overshadowed what is expected to be a solid U.S. jobs report on Friday.
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Google defends privacy policy to European watchdog

Web search giant Google Inc defended its new privacy policy as lawful and cited measures to educate users about it, in a letter sent on Thursday to French data protection regulators investigating its approach.
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Dow and S&P dip, Nasdaq up after two-day fall

The Dow and the S&P 500 slipped on Thursday, on track for three straight days of declines, although jobless claims data showing improvement in the labor market helped offset revived concerns about the euro zone's fiscal stability.
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Jobless claims fall to lowest since 2008

The number of Americans lining up for new jobless benefits dropped to the lowest level in nearly four years last week, according to a government report that showed ongoing healing in the labor market.
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Dow, S&P flat, Nasdaq rises after two-day drop

Stocks traded flat to slightly higher Thursday after two straight days of declines as jobless claims data showing improvement in the U.S. labor market helped offset revived concerns about the euro zone's fiscal stability.
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U.S. jobless claims fall to lowest since 2008

The number of Americans lining up for new jobless benefits dropped to the lowest level in nearly four years last week, according to a government report that showed ongoing healing in the labor market.
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Viacom video lawsuit vs Google's YouTube revived

A U.S. appeals court has revived lawsuits by Viacom Inc, the English Premier League, and various film studios and television networks accusing Google Inc of allowing copyrighted videos on its YouTube service without permission.
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Facebook e-commerce: the next big thing?

A group of e-commerce start-ups, backed by some of the tech world's most pedigreed financiers, are betting that Facebook Inc can become an e-commerce powerhouse to rival Amazon.com Inc and eBay Inc.
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Greece extends bond swap deadline again for holdouts

Greece extended a deadline for a second time on Thursday for remaining bondholders to accept a debt swap, giving Athens a little more breathing space to formulate a response to investors who have refused to sign up for the landmark deal.
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Wall Street flat as euro-zone concerns weigh

Stocks were little changed on Thursday despite data showing ongoing improvement in the labor market, as a rise in Spanish bond yields renewed concerns about the euro zone's financial health.
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Volvo to spend $11 billion over coming years

Swedish carmaker Volvo , owned by China's Zhejiang Geely Holding Group Co Ltd, plans to spend $11 billion on developing new products and boosting its manufacturing footprint in the next few years, a company spokesman said on Thursday.
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Analysis: Facebook e-commerce: the next big thing?

A group of e-commerce start-ups, backed by some of the tech world's most pedigreed financiers, are betting that Facebook Inc can become an e-commerce powerhouse to rival Amazon.com Inc and eBay Inc.
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Stock index futures signal slightly higher open

Stock index futures pointed to a slightly higher open on Wall Street on Thursday with futures for the S&P 500 and Dow Jones up 0.3 percent, while Nasdaq 100 futures were up 0.1 percent at 4:08 a.m. EDT.

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