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HSBC to pay $249M for foreclosure abuse ... Honda to recall 750,000 vehicles ... Treasury Dept. selling more GM stock ... Stocks close Friday session mixed ... News from United Press International.

HSBC to pay $249M for foreclosure abuse

WASHINGTON, Jan. 18 (UPI) -- A $249 million settlement in principle has been reached with HSBC for its use of so-called foreclosure mills, two U.S. regulators announced Friday.

UPI NewsTrack Business

U.S. stocks head higher Thursday ... Foreclosure activity declined in 2012 ... Kodak's bankruptcy bills piling up ... New U.S. jobless claims fall sharply ... News from United Press International.
New foreclosure rules

New foreclosure rules

There are signs that the housing industry is improving and that much of the foreclosure debacle of 2010 is receding into the history books.
ANTHONY HALL, United Press International

Foreclosure activity declined in 2012

IRVINE, Calif., Jan. 17 (UPI) -- The number of U.S. homes in the process of foreclosure dropped 3 percent in 2012 from the previous year, online marketplace RealtyTrac said Thursday.

UPI NewsTrack Business

Dow loses ground ... Seniors use credit cards as safety net ... Fed announces $557M foreclosure settlement ... Builder confidence ends 8-month up trend ... News from United Press International.
Fed announces $557M foreclosure settlement

Fed announces $557M foreclosure settlement

WASHINGTON, Jan. 16 (UPI) -- Goldman Sachs and Morgan Stanley have agreed to pay $557 million to settle charges of improper mortgage and foreclosure processing, U.S. authorities said.

UPI NewsTrack Business

U.S. stock indexes mixed ... China could exceed 2012 growth target ... Boom in online shopping seen for Russia ... Ford, GM to expand salaried staff ... News from United Press International.

Boom in online shopping seen for Russia

MOSCOW, Jan. 11 (UPI) -- U.S. analysts say Russia will experience a boom in online shopping in 2013, with activity reaching $40 billion by 2015.

UPI NewsTrack Business

U.S. stocks turn higher Wednesday ... Lawmakers warn AIG not to sue Washington ... Morgan Stanley to ax 1,600 positions ... Survey reveals how not to get a job ... News from United Press International.

Morgan Stanley to ax 1,600 positions

NEW YORK, Jan. 9 (UPI) -- Banking giant Morgan Stanley said it would cut 800 jobs in the United States and 800 jobs abroad in a cost-cutting measure.

UPI NewsTrack Business

AMR, US Airways merger clears hurdle ... Nebraska review OKs Keystone XL route ... Bank payouts expected ... Retailer Virgin France calls it quits ... News from United Press International.
Bank payouts expected

Bank payouts expected

NEW YORK, Jan. 5 (UPI) -- A bank industry analyst said the U.S. Federal Reserve would grant share buyback and dividend plans across the board for the country's 19 largest banks.

Yen expected to dip against U.S. dollar

TOKYO, Jan. 1 (UPI) -- The Japanese yen is forecast to fall against the U.S. dollar in 2013 after it lost more than 10 percent of its value against the dollar in 2012, analysts said.

CIC to buy 44.7M shares of Morgan Stanley

BEIJING, June 3 (UPI) -- The state-owned China Investment Corp. says it plans to buy 44.7 million of the 80.2 million common shares being sold by Morgan Stanley.

Citigroup eyeing Morgan Stanley venture

SAN FRANCISCO, Jan. 10 (UPI) -- Citigroup Inc. reportedly is considering conducting a joint venture between its struggling Smith Barney brokerage unit and Morgan Stanley.

Morgan Stanley investment to be protected

NEW YORK, Oct. 13 (UPI) -- Morgan Stanley says it has closed a deal for Japan's Mitsubishi UFJ, the world's second largest bank, to acquire 21 percent of the U.S. financial firm.

Morgan Stanley, Mitsubishi may renegotiate

WASHINGTON, Oct. 11 (UPI) -- Renegotiation may be in the works for a proposed $9 billion investment into struggling Wall Street firm Morgan Stanley by a Japanese bank, sources say.

China fund invests $5B in Morgan Stanley

NEW YORK, Dec. 19 (UPI) -- Morgan Stanley said Wednesday China's government-controlled investment fund had invested $5 billion to help replenish the No. 2 U.S. brokerage firm's capital.

Morgan Stanley ousts co-president

NEW YORK, Nov. 30 (UPI) -- Morgan Stanley has ousted Zoe Cruz, its co-president and heir apparent and one of the highest-ranking women on Wall Street, in the credit crisis aftermath.

Morgan Stanley settles bias suit

NEW YORK, Oct. 23 (UPI) -- Brokerage firm Morgan Stanley said it agreed to settle a bias suit filed by black and Latino brokers in California for $16 million.

Morgan Stanley buys Crescent Real Estate

FORT WORTH, Texas, May 22 (UPI) -- U.S. real estate investment trust Crescent Real Estate Equities Co. said Tuesday it agreed to be acquired by Morgan Stanley Real Estate for $6.5 billion.

Sidwell retires as Morgan finance chief

NEW YORK, May 1 (UPI) -- David Sidwell will retire as chief financial officer of Morgan Stanley at the end of the year, the U.S. investment bank said Tuesday. Sidwell, 54, will be replaced by Colm Kelleher, head of global capital markets. Christopher Carter, vice chairman of inst

Goldman Sachs buying 4 Nevada casinos

NEW YORK, April 24 (UPI) -- Goldman Sachs, the Wall Street investment giant, has agreed to buy four Nevada casinos from investor Carl Icahn for $1.3 billion.

Morgan Stanley buys 13 hotels from ANA

TOKYO, April 13 (UPI) -- U.S. investment bank Morgan Stanley said Friday it agreed to buy 13 Japanese hotels and two property-management units from All Nippon Airways for $2.4 billion.
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