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As part of a deferred-prosecution agreement to settle a five-year probe about its alleged bribery, Avon Products Inc will reportedly pay a total of $135 million to settle the criminal and civic inquiries by the US Justice Department and the Securities and Exchange Commission.

Hillel "Helly" Nahmad has been sentenced to one year in prison for operating an illegal, high-stakes gambling ring, and was ordered to forfeit monies, a a Raoul Dufy painting and pay a fine for his role in the gambling business, Bloomberg said.

A California Supreme Court decision yesterday has exposed Deustche Bank AG from claims by renters of foreclosed properties over the destruction of their possessions and loss of their homes, Bloomberg said.