Reuters: Financial Services and Real Estate

CORRECTED-Tiger Global invests $50 million in Automattic's WordPress.com

Fri, 24 May 2013 22:01:20 GMT

(Corrects to "automattic" from "wordpress" in second paragraph, name to "Rizvi Traverse" in sixth paragraph, and spelling of name to Mullenweg from Mullen in seventh paragraph)

UPDATE 1-Mall owner General Growth eyes NY's Madison Ave -sources

Fri, 24 May 2013 21:18:51 GMT

NEW YORK, May 24 (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making...

UPDATE 1-Bausch & Lomb's Ista pleads guilty over kickbacks

Fri, 24 May 2013 20:19:42 GMT

* Ista said to offer kickbacks to doctors over cataract drug

UPDATE 3-Valeant near deal to acquire Bausch & Lomb -source

Fri, 24 May 2013 20:14:38 GMT

NEW YORK, May 24 (Reuters) - Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch & Lomb Holdings Inc from Warburg Pincus LLC for about $9 billion, a...

UPDATE 1-NY attorney general says more proof banks violated mortgage pact

Fri, 24 May 2013 20:08:13 GMT

NEW YORK, May 24 (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a...

U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton

Fri, 24 May 2013 20:08:03 GMT

May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance...

REUTERS SUMMIT-Latam markets jolt from a Fed exit should be brief

Fri, 24 May 2013 20:04:24 GMT

May 24 (Reuters) - Latin America should suffer just a short, sharp shock to its financial markets when the U.S. Federal Reserve starts to taper its super easy monetary policy as investors remain...

Ista Pharma pleads guilty in drug kickback case

Fri, 24 May 2013 19:00:24 GMT

May 24 (Reuters) - Ista Pharmaceuticals Inc on Friday pleaded guilty to criminal charges and agreed to pay $33.5 million to resolve criminal and civil liability arising from its marketing,...

Saur's banks improve offer to buy business - sources

Fri, 24 May 2013 18:15:16 GMT

PARIS, May 24 (Reuters) - French water and waste treatment company Saur's creditor banks have improved an offer to take over the company, two sources familiar with the matter told Reuters on Friday.

Leading German politician calls transaction tax plans 'rubbish'

Fri, 24 May 2013 17:56:22 GMT

BERLIN, May 24 (Reuters) - A leading German politician criticised EU draft plans for a financial transaction tax as "rubbish" on Friday, in a sign of growing concern that the tax could do more...

YOUR MONEY-Class of 2013 guide to student loans

Fri, 24 May 2013 17:48:06 GMT

(The author is a Reuters contributor. The opinions expressed are her own.)

UBS France could face criminal investigation - source

Fri, 24 May 2013 17:10:00 GMT

PARIS, May 24 (Reuters) - UBS' French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with...

EXCLUSIVE-NY attorney general says more evidence banks violated mortgage pact

Fri, 24 May 2013 17:06:25 GMT

NEW YORK, May 24 (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a...

European shares post first weekly loss in a month on growth, stimulus worries

Fri, 24 May 2013 16:58:17 GMT

* FTSEurofirst 300 closes down 0.3 percent at 1,226.58 * Asia growth, talk of Fed QE tapering weighs on stocks * HSBC leads financials lower on growth and US worries * Next falls as Morgan Stanley...

UPDATE 1-Ally of HK leader investigated in exchange probe

Fri, 24 May 2013 16:44:21 GMT

* Cheung is chairman, controlling shareholder of HK Mercantile Exchange

Insurer Aviva renews sponsorship of English club rugby

Fri, 24 May 2013 16:39:11 GMT

LONDON, May 24 (Reuters) - Insurer Aviva has extended its title sponsorship of English rugby's Premiership club competition until 2017, the company said on Friday.

Valeant Pharma near deal to acquire Bausch & Lomb -source

Fri, 24 May 2013 16:26:18 GMT

NEW YORK, May 24 (Reuters) - Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch & Lomb from private equity owner Warburg Pincus LLC for about $9...

REUTERS SUMMIT-Embraer sees American closing out U.S. regional jet cycle

Fri, 24 May 2013 16:25:23 GMT

* For other news from Reuters Latin America Investment Summit, click on http://www.reuters.com/summit/LatinAmerica13

Switzerland sees free-trade pact with China in July

Fri, 24 May 2013 16:22:40 GMT

ZURICH, May 24 (Reuters) - The Swiss government said on Friday it hopes to sign a free-trade agreement (FTA) with China that would be the first such deal of its kind between Beijing and continental...

RPT-UPDATE 2-News Corp's publishing business to initiate stock buyback

Fri, 24 May 2013 16:16:58 GMT

May 24 (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.

UPDATE 2-News Corp's publishing business to initiate stock buyback

Fri, 24 May 2013 16:13:44 GMT

May 24 (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.

Hedge funds bet on Aussie dollar slide

Fri, 24 May 2013 16:12:47 GMT

LONDON, May 24 (Reuters) - Hedge funds hungry for trade ideas after the success of their bets on Japan's recovery have been turning their attention to the Australian dollar, betting the end of the...

UPDATE 2-HSBC calls for faster banking reforms

Fri, 24 May 2013 16:02:23 GMT

* Bank slammed for compliance failings, aiding tax avoidance

UPDATE 2-ING's S.Korean unit sale attracts three bids after delay

Fri, 24 May 2013 15:52:43 GMT

(Adds Tong Yang and MBK's bids, seller's valuation of unit, Tong Yang's ranking)

European shares toil amid growth and stimulus worries

Fri, 24 May 2013 15:42:41 GMT

LONDON, May 24 (Reuters) - European shares fell for a second consecutive session on Friday, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus.