Consumers are set to gain new powers to sue banks under a proposal unveiled by regulators, the Wall Street Journal reports.
Representatives of the banking industry, hardly disinterested observers, claim the powers, which would pave the way for class action law suits, would hurt rather than help most borrowers.
Think of Hollywood and one's thoughts naturally turn to the … er … New York Times, which has covered the less than impressive first quarter results of Dreamworks Animation Skg Inc (NASDAQ:DWA), which recently agreed to be subsumed within the CBS Corporation (NYSE:CBS) empire.
“This is why Dreamworks Animation needed to take shelter in the arms of a larger conglomerate,” opined Brooks Barnes.
The company's “Kung Fu Panda 3” took about $430mln at the global box office in the first three months of 2016, yet the company made less than $14mln in profit, even with the help of its television, toy and digital businesses.
At least that was an improvement on the first quarter of last year, when the maker of animated films lost $54.8mln.
If the New York Times is reporting on Hollywood then the Los Angeles Times must be reporting on Wall Street … and so it is, in passing, but it is more preoccupied with local issues, such as the imminent reopening of Exxon Mobil Corporation's (NYSE:XOM) Torrance refinery.
The refinery could be back online this weekend, but the paper notes the process does involve turning off the refinery's pollution control system for six hours, which will result in “somewhat higher emissions”.
The investigation into the operation of a private email server maintained by former Secretary of State, Hillary Clinton, is nearing completion, the USA Today told its readers.
Investigators have interviewed Huma Abedin, a top aide to the Democratic presidential front-runner, a US official said on Thursday.
Clinton’s use of a private email server while a member of the Obama administration and the inquiry into the security of classified information has shadowed her campaign throughout the primary season, the newspaper observed, and if Donald Trump has anything to do with it, it will also dog her presidential campaign – assuming she wins the Democrat nomination.