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US probes Moody's over mortgage ratings: Report

Microscope

Moody's Investors Service is under investigation by the U.S. Justice Department for its actions in advance of the 2008 financial crisis, the Wall Street Journal reported on Sunday, with regulators probing why it issued favorable ratings to mortgage deals that ultimately went bust.

Feinberg: 51 deaths eligible for GM compensation

General Motors HQ Detroit

The compensation fund for victims of General Motors' faulty ignition switch has determined that 51 of the claims for deceased people and about 70 for injuries are eligible for compensation, administrator Kenneth Feinberg told CNBC on Monday.

A win for UBS in job cuts case

Log Pile

UBS has won a London lawsuit filed by an asset management firm that said that investment banking job cuts at the bank undermined a joint venture.

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