Fed Approves Fifth Third's Resubmitted Stress Test, Buyback, Dividend Boost
Fifth Third Bancorp (FITB) said the Federal Reserve has approved the Midwestern bank's request for a dividend increase and an expanded stock repurchase program.
EA Slashes Jobs at Mobile Gaming Unit PopCap
Electronic Arts' PopCap division cut about 12% of its North American workforce and is evaluating the viability of its Dublin studio to cope with headwinds in the social-gaming space.
Bank of America, Others to End Debt-Protection Products
Bank of America Corp. (BAC) and other banks have stopped selling add-on products to credit-card customers that suspend borrowers' minimum monthly payments in the event of a job loss or other hardship, as regulatory scrutiny of these offerings grows.
Argentina Plans New Biotechnology Law in Bid to Tempt Monsanto
Argentina is working on a new seed law to protect intellectual property rights for agricultural biotechnology in a bid to lure Monsanto Co. (MON) to bring its second generation of transgenic-soybean seeds into the country.
Colombia Stocks Fall on Nutresa, Ecopetrol; Peso Gains
Colombia stocks fell Tuesday as investors sold shares of top food producer Nutresa (NUTRESA.BO) and state oil company Ecopetrol (ECOPETROL.BO, EC).
FDA: J&J Unit Recalls Potentially Flammable Bone Putty
The Food and Drug Administration said Johnson & Johnson (JNJ) unit Synthes last month initiated a recall on certain lots of bone putty, saying the medical product could catch fire during surgery.
Telus to Try Again to Collapse Dual-Share Structure
Telus Corp. (TU) said Tuesday it again will try to collapse its dual-share structure, allowing investors to exchange nonvoting shares for voting common shares on a one-for-one basis, the same exchange ratio it recently offered but withdrew in the face of some shareholder opposition.
Citadel Backs Nasdaq on Payback for Facebook IPO Losses
Citadel LLC urged U.S. regulators to approve a controversial plan by Nasdaq OMX Group Inc. (NDAQ) to make good on some losses sustained by trading firms in the stock market debut of Facebook Inc. (FB).