DJIA: Wall Street Ends Up for Third Day after Greek Deal, U.S. banks Reach $25 Billion Mortgage Settlement
Jessica Menton | Feb 9, 2012 5:59pm EST | 1min:35sec
Five investment banks accused of abusive mortgage practices have agreed to a 25 billion dollar government settlement that may help roughly one million borrowers.
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In Company news...
Oracle, the world's biggest database developer, said it plans to acquire human resources software provider Taleo for $1.9 billion.
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AND in other news...
The U.S. Postal Service reported a net loss of $3.3 billion in its first quarter as plummeting mail volumes overshadowed stronger than expected holiday shipping.
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