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| Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement | | Tuesday, September 09, 2014 3:43 AM | |
|  By Nate Raymond NEW YORK (Reuters) - Morgan Stanley has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers filed Monday in New York federal court, follows years of litigation by investors over allegedly false and misleading statements over the soured securities. The deal stemmed from a lawsuit pursued by the Public Employees' Retirement System of Mississippi (MissPERS) and the West Virginia Investment Management Board. The plaintiffs accused Morgan Stanley of violating U.S.
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| Release of U.S. Senate CIA "torture" report still on hold | | | By Patricia Zengerle WASHINGTON (Reuters) - The public release of a long-awaited U.S. Senate report detailing the CIA's use of harsh interrogation techniques could be held up for weeks as the Senate Intelligence Committee and Obama administration negotiate what material can be included in the document, the committee's chairwoman said on Monday. The committee had hoped to release its 600-page summary of the report on the Central Intelligence Agency's use of tactics many label as "torture" before Congress left for its August recess, a target that was pushed to September as discussions continued. On Monday, as Congress returned from its five-week break, Senator Dianne Feinstein said the document would not be released this week, and might not come out before lawmakers leave later this month to campaign for the Nov. 4 congressional elections. |
| California capitol star-struck as Schwarzenegger unveils portrait | |  By Sharon Bernstein SACRAMENTO Calif. (Reuters) - Four years and seven movies after Arnold Schwarzenegger left California's highest office, the actor and politician drew a packed crowd at the unveiling of his official portrait Monday, a flashbulb-popping event as much about star power as politics. The photo-realistic portrait, painted by Austrian-Irish artist Gottfried Helnwein, shows the 67-year-old former bodybuilder in front of the California state seal, wearing a gray suit and a blue-and-black striped tie, a smile on his lips and his complexion ruddy. "When I was a young man in Austria, I dreamed about coming to California every day," Schwarzenegger, an immigrant who eventually married into the family of the late U.S. The Republican bodybuilder and prolific film star took the state's helm in 2003 as the aftermath of the dot-com crash roiled California's economy and devastated the state budget, leading voters to recall then-governor Gray Davis.
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| Lawsuit says Disney, Sony, others conspired to suppress wages | |  A federal lawsuit filed on Monday accuses Walt Disney Co, Sony Pictures and other leaders in special effects and animation of conspiring to suppress wages in the industry through "no-raid" agreements. Disney had already reached a $9 million settlement with salaried employees in July 2013 as part of a broader class action lawsuit over no-raid agreements in the California technology industry.
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| Bomb blast in Chile wounds 10; government blames 'terrorists' | | | By Felipe Iturrieta SANTIAGO (Reuters) - A bomb exploded next to an underground train station in the Chilean capital of Santiago on Monday afternoon, wounding at least 10 people, and the government said it bore the signs of "a terrorist" act. The blast occurred at lunchtime in a fast-food restaurant in a small shopping and eating area next to the Escuela Militar metro station in the affluent residential and shopping neighborhood of Las Condes. "This is a cowardly act because it has as its objective to hurt people, create fear and even kill innocent people," President Michelle Bachelet said. Bachelet asked for residents to remain calm, saying, "This is horrible, tremendously reprehensible, but Chile is and remains a safe country." No group has claimed responsibility, and the police said the attack was being investigated. |
| Obama to press Congress for action on Islamic State | | | Obama administration officials will hold briefings this week and next for members of the U.S. Congress as the president makes his case for an offensive against Islamic State militants, congressional aides said on Monday. Administration officials will hold a briefing for all 435 members of the U.S. House of Representatives on Thursday, a House aide said. |
| Fun-loving, elusive Bill Murray the grumpy center of 'St. Vincent' | |  By Alastair Sharp TORONTO (Reuters) - Everyone involved in the making of "St. Vincent" wants to talk about Bill Murray, who plays the grumpy and flawed namesake of director Ted Melfi's first film, but the quirky comedian has lived up to a reputation of being incredibly hard to pin down. The star of "Stripes," and "Groundhog Day," has been omnipresent at this year's Toronto International Film Festival: he took fan questions after a 30th anniversary screening of "Ghostbusters" on Friday, hammed it up at the premiere of his new film later, and was spotted cycling around the city and on a late-night dance floor in random photos by onlookers. The festival also declared last Friday "Bill Murray Day," and a cadre of loyal fans dressed up as some of his beloved characters in a costume contest.
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| Congenial new Iraq leader wins allies, but no easy path to save nation | |  By Raheem Salman, Oliver Holmes and Ned Parker BAGHDAD (Reuters) - It is no coincidence that Iraq's new prime minister is more likeable than his predecessor. Haider al-Abadi was handpicked last month to detoxify a political system poisoned to the point of collapse under the dour and mercurial Nuri al-Maliki. A former engineer widely described as an amiable and witty pragmatist, Abadi vindicated supporters at home and abroad by including Sunnis, Kurds and members of his own divided Shi'ite majority in a unity government approved by parliament on Monday. Diplomats and politicians from across Iraq's political spectrum say they believe Abadi is far better suited to bridging differences than Maliki, who was pushed out of office last month with a third of his country in the hands of Islamic State.
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