Mortgage settlement hits Citigroup net income

Citigroup said Monday that its net income dropped in the second quarter after it took a $3.8 billion charge to settle claims over its risky subprime mortgage business. The charge pushed down its net income to $181 million from $4.18 billion a year earlier....

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SpaceX launches cluster of commercial satellites

CAPE CANAVERAL, Fla. — The SpaceX company has launched a rocket packed with communication satellites. The Falcon rocket blasted off Monday from Cape Canaveral Air Force Station. On board were six advanced satellites for the New Jersey-based Orbcomm....

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CNN hires Alisyn Camerota, a Fox News veteran

CNN said Monday it had hired Alisyn Camerota, a 16-year veteran of Fox News Channel, who left that outlet in March. A permanent role for the new hire is to be announced in months to come. Camerota will start appearing on air for CNN staring today, the...

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Dana Walden, Gary Newman take over Fox Broadcasting in restructuring

Gary Newman and Dana Walden, the long-serving CEOs of production powerhouse 20th Century Fox TV, will take on oversight of Fox Broadcasting in a restructuring that elevates the duo to the post of chairman-CEOs of Fox Television Group. Walden and Newman,...

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Stocks move higher in midday trading; Citi climbs

Stocks were holding on to gains in midday trading Monday after sliding sharply last week. Citigroup's latest quarterly financial results helped add to expectations of a strong corporate earnings season. KEEPING SCORE: The Standard & Poor's 500 index...

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CBS' 'Big Brother,' ABC's 'Rising Star' post ratings gains Sunday

ABC's first-year singing competition "Rising Star" was on the rise Sunday, picking up steam on an overall higher-rated night for the net just hours after its coverage of the World Cup. CBS' "Big Brother" shot up too, delivering its best Sunday numbers...

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Dick Clark Productions sets TV Guide Network exec as COO/CFO

Former TV Guide Network exec Amy Thurlow has joined Dick Clark Productions as chief operating officer and chief financial officer. Thurlow will work out of the company's Santa Monica office, reporting to DCP presxy Mike Mahan. "She will play a vital...

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Citigroup to pay $7B in subprime mortgages probe

WASHINGTON — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst...

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Massachusetts gets $47M share of settlement

BOSTON — Massachusetts will receive an almost $46 million share of a $7 billion federal-state settlement over Citigroup's mortgage-backed security activities, the state attorney general's office said Monday. In the deal announced Monday, Citigroup will...

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Fox consolidating television studio, network

NEW YORK — Fox says Gary Newman and Dana Walden, the two executives who run the company's television studio, will also be in charge of the Fox broadcast network. The appointment announced Monday aligning 20th Century Fox Television with the network...

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