BofA Said To Be Near $16 Billion Deal With US Over Mortgage Bonds
The bank has agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners, said someone familiar with the matter.
Gaza Cease-Fire Holds On Second Day, Extension Talks Under Way
A 72-hour Gaza truce held through its second day on Wednesday and Israel said it was ready to extend the deal as Egyptian mediators pursued talks with Israelis and Palestinians on an enduring end to a war that devastated the Hamas-ruled enclave.
Obama To Sign $16.3 Billion Veterans Spending Bill
President Barack Obama will travel to a military facility outside Washington on Thursday to sign a $16.3 billion plan to ease health care delays at Veterans Affairs facilities as he seeks to restore confidence in an agency tarnished by the problem.
Lebanese Army Surrounds Border Town, Evacuates Refugees
Lebanon's army surrounded a border town occupied by Islamist militants as mediators reported progress in negotiations to end to the most serious spillover of Syria's civil war yet onto Lebanese soil.
Kurds, Islamic State Clash Near Kurdish Regional Capital
The attack 25 miles southwest of Arbil came after the Sunni militants inflicted a humiliating defeat on the Kurds on Sunday with a rapid advance through three towns.
L'Oreal, Unilever Among Companies Leading African Haircare Industry
The African hair care business has become a multibillion-dollar industry.
Wells Fargo Just Made It Easier To Borrow On The Most Expensive Houses
The bank has eased its lending standards on mortgages it acquires from other banks.
NATO Says Russia Has Amassed Around 20,000 Troops On Ukraine's Eastern Border
The threat of a direct intervention by Russia's military in Ukraine is feared to have risen over the last couple of days.
China Anti-Trust Regulator Conducts New Raids On Microsoft And Accenture
Last week, the SAIC had raided four of the software firm's offices in China.
Goldman Sachs, Deutsche Bank Near Deal For NBG's Buyout Arm: Bloomberg
Although no final decision had been taken, the unit's management, lead by Chairman and Chief Executive Officer Pavlos Stellakis, were negotiation terms that would allow the buyout business to remain London-based after the deal was inked, the sources told Bloomberg.
Connecticut Governor Criticized For Campaign Ad Citing Sandy Hook Massacre
The 30-second television spot, which began airing early this week, features Nicole Hockley, whose son Dylan was one of 20 children and six adults shot dead at Sandy Hook Elementary School on Dec. 14, 2012, one of the worst school shootings in U.S. history.
Disney Profit Gets Boost From Movies, Parks, Products
Disney's quarterly profit beat Wall Street expectations, helped by strong results from its movie studio, theme parks and consumer products.
Palestinian FM Seeks ICC War Crimes Case Against Israel
Palestinian Foreign Minister Riad al-Malki said there was "clear evidence" of war crimes by Israel during its offensive in Gaza as he met International Criminal Court prosecutors on Tuesday to push for an investigation.
Lights Set To Go Out In Kandahar After US Aid Winds Down
When the United States stops funding power generation inAfghanistan's southern city of Kandahar next year, the lights are set to go out and factories will fall idle, playing into the hands of Taliban insurgents active in the area.
Samsung Supplier's Child Labor Reports Prompt Galaxy S5 Maker To Pull Some Orders
In July Samsung suspended business with Dongguan Shinyang Electronics after China Labor Watch found child workers at one of its plants.
BMW Q2 Results: China Sales Strong But Russian Sanctions Starting To Be Felt
BMW also faces strong competition from arch rivals Audi, part of the Volkswagen group and Mercedes-Benz, owned by Daimler.
Toyota Earnings: Company's Reliance On US Deepens As Emerging Markets Falter
For the year to March 2015, Toyota stuck with its full-year operating profit forecast of 2.3 trillion yen.
Obama To Announce $14B In US Corporate Investments In Africa
The announcement will occur at the U.S.-Africa Business Forum, part of a three-day Africa summit in Washington.
Russia To Hold War Games In Show Of Strength Near Ukraine
The maneuvers include missile-firing practice and will assist "coordination between aviation and anti-missile defense."
Argentina Launches Investigation Into Holdouts' Investments
U.S. District Judge Thomas Griesa said last week Argentina must continue negotiations with mediator Daniel Pollack to reach a deal with holdouts.
GM Unit Gets Subpoena Over Subprime Auto Loans
The U.S. is investigating GM's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed Monday.
AIG Profit Beats Estimates On Strong Overall Growth
The company's shares were up about 3 percent in extended trade.
HSBC Says Reform Pressures Unprecedented As Profits Drop
HSBC called on international regulators to clarify expectations and also flagged heightened geopolitical tension as a concern.
China Regulator Says Microsoft Should Not Obstruct Anti-Trust Probe
China's SAIC said last week that it was formally investigating Microsoft for breach of anti-trust rules.
Portugal In $6.6B Rescue Of Banco Espirito Santo
Under the plan, Banco Espirito Santo, or BES, will be split into a "good bank", renamed Novo Banco, and a "bad bank."
Modi Offers Nepal $1B Loan In Regional Diplomacy Push
Modi is on a two-day visit to Kathmandu to fast-track negotiations on a power trade pact.
Turkey's Erdogan Lashes Out At Israel At Election Rally; Likens Israeli Actions To Hitler
Erdogan likens Israeli actions to those of Hitler.
Egypt Awards Suez Hub Project To Consortium That Includes Army: Sources
Consortium wins bid for Suez hub that will include development of 29,000 square miles around the canal.
Islamic State Grabs Iraqi Dam, Oilfield In Victory Over Kurds
Kurds suffer first major defeat at hands of Islamic State militants.
Ukrainian Army Steps Up Attacks On Rebel-Held Donetsk
At least six have died in weekend fighting.