COMPANIES

Skoda Rapid

Skoda Rapid Launched in India

Skoda Auto launched its C-segment sedan Rapid last week.The car comes with a price tag starting with Rs 6.75 lakh for the base petrol variant. The top of the line diesel model will cost Rs 9.19 lakh.
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BofA Reaches Settlement in Countrywide Case

Bank of America Corp (BAC.N) has reached a settlement with former Countrywide Financial Corp institutional investors who decided not to join a $624 million class-action case that won court approval in February.
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Jack In The Box

Jack in the Box 4Q Earnings Jump on Strong Same-Store Sales

Jack in the Box Inc. reported earnings of $22.7 million (49 cents per share) Monday, a sharp increase from the same fourth-quarter period one year ago. In last year's fiscal fourth quarter, Jack in the Box posted earnings of $4 million (7 cents per share).
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Mediator Appointed in Dodgers-Fox Sports Dispute

The Los Angeles Dodgers bankruptcy case judge appointed a mediator to try and sort out the dispute between the baseball team and Fox Sports regarding the sale of the team's television telecast rights.
Singer Lady Gaga carries a pair of scissors during a ribbon cutting ceremony to launch Gaga's Workshop at Barneys department store in New York November 21, 2011.

US Chains Brace for Season of Holiday Discounts

U.S. retailers trying to woo shoppers with early deals and longer hours this week, and throughout the holiday season, could be putting their profits at risk as shoppers search for bargains and not much else.
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Jacobs says clients unfazed by Keystone XL delay

Jacobs Engineering Group Inc, a leading contractor in Canada's oil sands, sees the Keystone XL delay as a political decision, not technical, and expects the $7 billion pipeline will eventually be approved.
A view of the Hewlett Packard headquarters in Palo Alto

HP Profit View Lowered at Deutsche Bank

Deutsche Bank has lowered its profit estimates of Hewlett-Packard Co. (NYSE:HPQ) saying that profit centers of the company's major businesses are structurally handicapped and turnaround will be long and slow.
A Bank of America customer leaves a banking branch in Charlotte, North Carolina

Regulators Warn BofA to Strengthen: Report

U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they aren't satisfied with recent steps taken to strengthen the bank, The Wall Street Journal said, citing people familiar with the situation.
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Short-Seller Report Batters China's Focus Media

Focus Media Holding Ltd , a U.S.-listed Chinese company, said a short-seller's report accusing it of overstating its assets was completely untrue, and it would make a statement refuting the allegations before U.S. markets open on Tuesday.
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Focus Media Plunges on Muddy Waters Allegations

Shares of prominent Chinese digital media and advertising company Focus Media Holding Ltd plunged as much as 66 percent on Monday, after short-selling firm Muddy Waters accused the company of significant overstatement of the number of screens in its LCD network, among other charges.
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Power Balance Bracelet Company Files For Bankruptcy

Power Balance, the company that sold plastic wristbands with claims of health benefits has filed for bankruptcy, according to reports. Litigation against Power Balance forced the company to file for Chapter 11 protection under the U.S. Bankruptcy Code last week, Power Balance representatives said.
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AIB sells asset mgr to S. Africa'S Prescient

State-controlled Allied Irish Banks (AIB) has sold its Dublin-based asset management arm to South African investment management firm Prescient Holdings for an undisclosed sum, AIB said on Monday.
A generic picture of a some credit cards and debit cards.

U.S. is Now the World's Leader in Credit Card Fraud

U.S. currently accounts for 47 percent of the global credit and debit card fraud, while only generating 27 percent of the global total volume of purchases and cash, according to a recent Nilson Report, a trade newsletter on the payments industry.

October Existing-Home Sales Rise Unexpectedly, But Still Weak

Sales of previously owned homes in the U.S. rose in October while the number of homes on the market continued to decline, according to the National Association of Realtors. Although falling property values and near record-low borrowing costs are starting to appeal to homebuyers, a growing trend of last minute cancellation suggests that even those who are looking to buy are worried about the housing market.

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