COMPANIES

U.S. Banks: Dividend hikes, M&As on their way

U.S. Banks Woo California in Mortgage Settlement

The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.
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Conference attendees look over the new Blackberry PlayBook at the Research in Motion Blackberry developers conference in San Francisco

Blackberry Playbook Not Abandoned ... Yet

Research in Motion rebuffed speculation that it was following HP's footsteps in abandoning its poor performing Playbook tablet, but the move highlights its difficulties penetrating Apple's dominant market position.
U.S. home construction unexpectedly fell 1.1 percent in February

Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?
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Blackout Probe Seeks California Market Information

The group that oversees the power grid serving the Western United States has requested potentially sensitive market information as it investigates the Sept. 8 power outage that left 7 million people in the dark in California and Arizona, the California grid operator said on Wednesday.
British Petroleum

BP May Sell Some Global Assets to RIL - Report

BP will discuss divesting some of its assets in Europe and North America to Reliance Industries as it seeks to deepen its partnership with India's largest private sector company, the Economic Times reported on Thursday, citing the Brtish group's chief executive.
Kingfisher Airlines

Kingfisher Air to Exit Low-Cost Business

Debt-strapped Kingfisher Airlines plans to exit its low-cost business in the next four months and focus on the premium model, Chairman Vijay Mallya said, breaking with rival carriers which are mostly betting on the budget space.

T-Mobile Joins Samsung in Fight Against Apple

Deutsche Telekom subsidiary T-Mobile USA has joined Samsung’s side in fighting a lawsuit by Apple to stop the sale Samsung telephones, saying that their fight could hurt carrier business.
A U.S. flag flies above Wells Fargo & Co headquarters in San Francisco

Merrill Hires from Wells Fargo, MSSB

Bank of America (BAC.N) Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.
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U.S. Finalizes Loan Aid for Two Solar Plants

The U.S. Energy Department finalized loan guarantees for two major solar projects on Wednesday, as the deadline loomed for the government's renewable-energy incentive program.
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Deadline for Auto Fuel Economy Proposal to Slip

The Obama administration will push back the release of the most ambitious proposal ever for automakers to improve fuel efficiency of their passenger cars, sport utility vehicles and pickups.
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Union claims Keystone XL's Canadian permit expired

Canada's energy regulator said on Wednesday it is looking into a complaint that TransCanada Corp's permit to build the Keystone XL oil pipeline within its own borders has expired, adding the prospect of more delays to a project environmentalists hope to block.
Report: Kindle Success Creates Big Room for Amazon Smartphone Next Year

Amazon Kindle Fire Threatens Netflix Too

Amazon rolled out its much anticipated Kindle Fire on Wednesday, its first fully fledged tablet computer posing a threat to Apple's iPad empire. But other players may also need to watch out.
Home price index hits record high in July

Home price index hits record high in July

Resale home prices rose to a record high in July, their eighth consecutive monthly gain, according to report on Wednesday that an analyst said signaled a gradual slowdown in a strong market.
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Feds Raid Imperial Holdings' Florida Offices

Federal investigators on Tuesday raided the Florida offices of Imperial Holdings Inc , a company that makes lump-sum payments on legal settlements and life insurance policies, the FBI said on Tuesday.
U.S. Housing Sector

Case-Shiller: Home Prices Rise for 4th Straight Month on Summer Buying

Home prices in the 20-city Case Shiller Index rose for the fourth straight month in July, but the operative phrase remains: let the buyer beware. Demand conditions in most major U.S. cities remains soft, and even though home prices are attractive now, price retrenchments are possible.

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