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The Gazette in Medina, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Jul 12, 2023

Page

3

Bank of America hit with 250 million in penalties

The Associated Press reports Bank of America will reimburse customers more than 100 million and pay 150 million in fines for overdraft fee double-dipping, credit card reward withholding, and opening accounts without consent. CFPB and OCC penalties total 150 million plus 100 million refunds.

NEW York Bank of America Bofa Consumer Financial Protection Bureau Office of the Comptroller of the Currency CFPB Rohit Chopra White House Chopra Bureau Jpmorgan Chase Wells Fargo Biden Brian Moynihan Associated Press San Francisco

Microsoft wins bid to proceed with Activision Blizzard deal

U S District Judge Jacquel ine Scott Corley refused to block Microsoft s 69 billion takeover of Activision Blizzard saying the merger requires scrutiny but the FTC failed to show likely substantial reductions in competition in consoles cloud gaming or subscrip tion services The ruling notes the case could shape the tech industry and that Microsoft and Activision pledged Call of Duty will remain on rival platforms and consoles closing the deal remains unsettled with potential appeals and July 18 breakup fee risk

Microsoft Activision Blizzard U.S Jacqueline Scott Corley Federal Trade Commission Corley San Francisco Satya Nadella Bobby Kotick Activision Sony Kotick FTC Douglas Farrar Lina Khan Joe Biden Amazon Google Facebook Meta FIC Unlimited Khan Congress House Commission Biden Call of Duty

Grand jury selected in Trump probe in Fulton County

Fulton County court officials selected two grand juries to hear cases over two months in secret. One panel will decide whether to indict former President Donald Trump and allies in the 2020 election interference inquiry. Judge Robert McBurney oversaw the process with about 100 potential jurors present.

Fulton County Donald Trump Superior Court Robert McBurney McBurney Trump Fulton Fani Willis

Stocks rise ahead of inflation update and earnings season

New York stocks gained as investors awaited a key inflation report expected to show slower price gains. The S&P 500 rose 0.7 percent to 4,439.26, the Dow added 317.02 to 34,261.42, and the Nasdaq climbed 75.22 to 13,760.70. Activision Blizzard jumped 10 percent after a judge allowed Microsoft to proceed with its $69 billion takeover. Salesforce boosted the Dow while Amazon edged up on Prime Day. Analysts foresee a lower June inflation rate and a likely pause in rate hikes, with earnings season starting and Bank of America noting a trough for profits ahead.

New York Wall Street Activision Blizzard Microsoft Amazon U.S Dow Industrials Dow Transportation Dow Utilities NYSE Nasdaq S&p Wilshire Russell AMC At&t Inc Meta Ph AdialPh H AMD AffirmHid If MultiAuters Newell Br Alibaba NiSource Alphabt Cs Nikola Alphabt As Northropg Nvidia Amé Airlines Apple Incs Opendrac EcoBrad OwensCorn BkofAm Palantir BetterThr CanopyGr PepsiCo Carnival Pfizer Carvana A PlugPowrh Cedarf RiotBlok Cisco Cingulate RiviaAu A Coca Cola Roku Reblox EquitMid Snapinc A FardyFul SoFiTech FirstEngy SnstinEngy Fordm Ubotv Tappagh GenElec Target Teslas UntySttw Vale SA ovanceTh VerizonCm Tauunh WalMart Wbrodis A Keycorp Kohls WellsFargo LincNat Wendys Co LucidGrp Xpeng Lyit Inc YumBrnds NYMX New York Mercantile Exchange CBOT Chicago Board of Trade CME Chicago Mercantile Sugar (World ICE Intercontinental Exchange American AmrenBalAm FdmdlInvsAm Grfamrca m Incamrca m Invcamrca m NwPrspctvAm Wamtinvsam Dodge & Cox Incl Dodge & Cox Stkl Fidelity Fidelity Contrafund Fidelity Group Fidelity Intldxinstiprm Fidelity TiMktIdxin PIMCO Vanguard Vanguard EqincAdmrl Hcadmrl Vanguard Tnbmidxadmil Doe SEC The Associated Press

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Ken Sweet Michelle Chapman Blizzard UK Activision Publishing Jeremy Redman Bill Rankin Atlanta Journal-Constitution Federal Reserve S&p 500 Ohsung Kwon Bofa Global the Market IN Review Dow Jones PrestigWlth ActivsBliz FreelaTh SOS Ltd AmRebl Rs Redfin JournMdl Skillz ViridianTh XeneticBrs Acasti Rs MarathDig Agtfy Rs Urogenp Apple Inc
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