UPDATE 1-Ralph Nader urges Apple to reduce buybacks and raise wages -WSJ

Oct 24 - Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on Friday.

Ocwen to hire independent firm to probe backdated foreclosure letters

Oct 24 - Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue.

U.S. court hearing over Citi processing of Argentine bond payment delayed

NEW YORK, Oct 24 - A U.S. judge has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

UPDATE 2-Fannie Mae settles shareholder lawsuit for $170 million

NEW YORK, Oct 24 - Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.

U.S. SEC rejects NYSE proposal to list 'non-transparent' ETFs

NEW YORK, Oct 24 - U.S. regulators on Friday rejected a proposal from the NYSE Arca exchange to be able to list and trade actively managed exchange-traded funds that do not have to disclose their holdings on a daily basis.

Berkshire Hathaway Inc $209,251.00 +0.55%
Wells Fargo & Co $51.20 +1.19%
JPMorgan Chase & Co $58.74 +1.17%


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