Oct 24 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
U.S. JURY RULES AGAINST BANK OF AMERICA IN MORTGAGE TRIAL
U.S. TASK FORCE PROBES NINE BANKS ON MORTGAGE-BACKED
AMERICAN REALTY BUYS COLE REAL ESTATE FOR $11.2 BLN
GSK CHINA SALES PLUMMET 60 PCT SINCE SCANDAL
PINTEREST VALUE LEAPS 52 PCT TO $3.8 BLN
A jury found Bank of America liable for fraud on
Wednesday over selling defective home loans to two
government-backed mortgage companies, delivering the U.S.
government a major win on a financial crisis case.
The U.S. Department of Justice has launched a probe into the
mortgage-backed securities sales of at least nine banks as part
of an effort by the task force that slapped JPMorgan Chase
with a $13 billion fine, people familiar with the matter
American Realty Capital Properties said it would
pay $11.2 billion for Cole Real Estate Investments, creating the
largest net-leased real estate investment trust in the United
GlaxoSmithKline's third-quarter drug sales in China
plunged 61 percent following a high-profile bribery probe
launched by Beijing into Britain's biggest drugmaker's alleged
The value of San Francisco-based Pinterest rose by over 50
percent to $3.8 billion after the online scrapbook raised $225
million in equity funding.