NEW YORK (Reuters) – MERS, the electronic mortgage registry that faces multiple investigations for its role in thousands of problematic foreclosure cases, changed its rules to lower its profile in court-supervised foreclosures.
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WASHINGTON (Reuters) – Top Republicans and Democrats worked behind the scenes on Wednesday on a compromise to avert a crippling U.S. default, looking to salvage a last-minute deal from rival debt plans that have little chance of winning congressional approval on their own.
CHARLOTTE, North Carolina (Reuters) – Visa Inc’s quarterly profit rose by 40 percent, and the world’s largest payment processor said it would introduce a new fee structure for U.S. merchants.
WASHINGTON (Reuters) – Some 53 senators — all 51 Democrats and two independents who usually vote with them — signed a letter on Wednesday saying they will not vote for House of Representatives Speaker John Boehner’s debt plan.
NEW YORK (Reuters) – The hotel maid who accused former International Monetary Fund Managing Director Dominique Strauss-Kahn of sexually assaulting her met with prosecutors on Wednesday for several hours to discuss details of the case.
WASHINGTON (Reuters) – Demand for long-lasting U.S. manufactured goods fell in June and economic activity across much of the nation slowed through mid-July, casting doubt over how quickly the economy might escape its soft patch.
WASHINGTON (Reuters) – A congressional panel is examining whether the Obama administration tried to unduly influence Standard & Poor’s before the credit rater revised its outlook on the debt rating to negative.
LONDON (Reuters) – James Murdoch faces the board of BSkyB on Thursday and questions over whether his role in a phone-hacking scandal leave him a fit chairman of the satellite broadcaster his father’s company tried to buy.
WASHINGTON/DETROIT (Reuters) – The Obama administration has reached a compromise with automakers on a new fuel economy target for cars and trucks, ending months of negotiations on this pivotal mandate for the auto industry.
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