NEW YORK (Reuters) - Key values to follow Monday Street.
Wall* BANK OF AMERICA announced Monday it would pay $ 3.6 billion to guarantee agency Fannie Mae to settle disputes relating to loans over a period of nine years ending at the end 2008.< / p>
The bank has also reached an agreement with Nationstar Mortgage Holdings and Walter Investment Management on the sale of approximately $ 306 billion of credit management rights hypothécaires.
banking group is also negotiating to sell its management rights to approximately $ 300 billion of loans, it was learned from two sources familiar with the matter, which would allow it to reduce its exposure to risk. Ocwen Financial, Nationstar Mortgage Holdings and Walter Investment Management are among the potential buyers involved in the talks, said the sources.
* CITIGROUP. The bank is going to ask his authority, the Federal Reserve, the authorization to proceed with a share buyback "minimal" and does not raise its quarterly dividend by one cent now, according to the Wall Street Journal.
* In addition, a U.S. congressional committee has asked regulators to delay a settlement agreement several billion with 14 banks on the issue of foreclosures so that they can study the project, according to a letter made public Saturday. This case involves 14 institutions, including Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial.
* CARLYLE GROUP. The private equity investment may take up to $ 790 million from the sale of its remaining stake in China Pacific Insurance Co. (CPIC), the third Chinese insurer. Carlyle has invested $ 800 million between 2005 and 2007 to a total of 17% of CPIC and it will all sold for 4.3 billion, according to documents that Reuters had accès.
* DISNEY. After posting record profits in November, the entertainment giant began an internal review of costs that could result in job cuts at its studios and other activities, told Reuters three sources familiar with the situation.
* TIME WARNER, COMCAST. Home Box Office (HBO), the chain controlled by Time Warner, announced Sunday that it had extended until 2022 its rights to the productions of Universal Pictures (Group Comcast). This is a blow to Netflix, the video specialist on the internet, hoping to reach an agreement with Universal after signing an initial agreement last month with Disney.
* AMAZON.COM. Morgan Stanley raised its advice on the e-commerce giant to "overweight" instead of "weight line" .
* NORTHROP GRUMMAN. RBC raised its recommendation on the advocacy group to "performance line" instead of "underperformance" .
Veronique Tison for the French service, edited by Benoît Van Overstraeten
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