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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Apr 12, 2016
Page
3
Overstock.com founder and CEO Patrick Byrne will take a medical leave with no timetable for return after being diagnosed with Stage IV Hepatitis C. Byrne says he has finished treatment and hopes for the best, while Overstock can offer no timeline on his return.
Daily Mail co owner Daily Mail and General Trust signals interest in Yahoo assets to boost US growth. Analysts say Yahoo’s global platform and traffic could accelerate Mail Online and Elite Daily expansion, with bidding extended to April 18.
S&P Global Market Intelligence projects seven of ten sectors including energy materials industries and technology to post profit declines in Q1 2016. Overall S&P 500 earnings are seen down about 3.6 percent from a year earlier with energy the hardest hit as several large miners and oil majors also face steep losses.
Goldman Sachs agreed to a 5.06 billion dollar settlement for misleading investors about mortgage backed securities before the financial crisis. The pact includes a 2.385 billion dollar civil penalty and 1.8 billion in loan forgiveness and relief to distressed borrowers, with 875 million to settle federal and state claims. The filing cites a February 2006 discovery of a flaw in six Countrywide loan pools, amid staff shortages, and notes a bullish Goldman report praising Countrywide stock as the closing deadline neared.
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