Foreclosure reform push could force lender action state by state
A nationwide probe by all states and D C could compel mortgage firms to settle fraud claims over forged foreclosure documents. Banks may face monitors and penalties. settlements might include aid to reduce loan payments. Analysts warn of housing market impact but note few recovered foreclosures are likely.
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Washington
District of Columbia
Kathleen Engel
Suffolk University
Boston
Iowa
Tom Miller
Court weighs verbal wage hour complaints in key Supreme Court case
The Supreme Court debated whether a worker who reports an illegal act to a supervisor is protected from retaliation under the Fair Labor Standards Act even if the complaint is not written. Saint-Gobain fired Kevin Kasten after he complained about clock placement affecting overtime.
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Washington
Supreme Court
Kevin Kasten
Saint-Gobain Performance Plastics
Portage
Wis
Kasten
Saint-Gobain
7Th U.S. Circuit Court of Appeals
James Kaster
Kaster
Microsoft and Facebook link Bing to friend activity
Microsoft integrates Facebook likes into Bing search results linking friends’ activity with news and profiles. The feature shows friends who like items, top Facebook profile photos, and prompts users to enable instant personalization. Privacy concerns and settings guidance accompany the rollout.
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Seattle
Microsoft Corp
Facebook
Bing
Microsoft
Silicon Valley
Mountain View
Calif
Yelp
Pandora
Google Inc
Google
Yahoo Inc
Yahoo
Mark Zuckerberg
Redmond
Wash
SEC proposes caps on trading venue stakes
The SEC votes to seek public comment on rules to cap bank and market maker ownership of derivatives venues. The proposal limits ownership to 20 percent and targets conflicts of interest in clearinghouses and exchanges under the new financial overhaul law.
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SEC
Washington
Securities and Exchange Commission
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Commodity Futures Trading Commission
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Mary Schapiro
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ChiMetRur
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ChinaSoAir
Nevsung
Fdagrica
OrionEngy
SunLink
NTS Aity
Wowjatun
MGM Rsts
Djsp UN
Stroe
ChintSign
Heraldnb
Tongxin UN
Proashcmdy
Solitario
AnnapBcp
DirChiBear
Pacge Pfl
Djsp Ent
Swebiofu23
DGSE
GlenBurnie
CashAm
CAMAC
Zaggn
Hhgregg
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AscentSol
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Micront
GenElec
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Fordm
PhrmAth
Nvidia
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AMD
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Chicago Mercantile
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PIMCO
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Doe
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Associated Press
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Jesse J. Holland
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Petes
Microsoft Online Services Division
Qi Lu
Galileo
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