Owens Corning wants a bigger market for its insulation. Cracker Barrel Old Country Store Inc. seeks to refurbish restaurants that churn out fried apples. Bank of New York Mellon Inc. is trying to avoid letting some competitors have an edge overseas.
Treasuries had their first monthly loss since August on speculation that November jobs gains may signal faster economic growth and convince the Federal Reserve to vote next month to scale back bond-buying.
Treasury 10-year note yields reached the highest level in two months as a report showing U.S. jobless claims fell more than forecast last week added to speculation the Federal Reserve is moving closer to reducing bond purchases.
The $8.5 billion settlement reached with Bank of America Corp. gave mortgage-bond investors more than twice what they would have recovered through litigation and was an “easy decision,” an attorney for the trustee who negotiated the deal said.
A Bank of New York Mellon Corp. vice president told a jury she helped boost Bernard Madoff’s credit line by $225 million in 2006, based on data provided by a former Madoff executive accused of aiding his $17 billion fraud.
BlackRock Inc. and Pacific Investment Management Co. are among investors set to make their final push for court approval of an $8.5 billion settlement with Bank of America Corp. over mortgage bonds that opponents say resolves only a small portion of their losses.
Industrial & Commercial Bank of China Ltd. was added to the list of too-big-to-fail banks as global regulators revised the roster of lenders that must hold extra capital to prevent another financial crisis.
The dollar will reverse recent gains versus the euro and the yen in coming months as the Federal Reserve pares monetary stimulus at a slower pace than the market expects, Bank of New York Mellon Corp. said.