Standard and Poor's is in talks to pay as much as $1.5 billion to settle U.S. government lawsuits over mortgage ratings issued in the run-up to the 2008 financial crisis, a person familiar with the matter said on Tuesday.
Activist investor Starboard Value LP called for office-supply chains Staples Inc (SPLS.O) and Office Depot Inc (ODP.O) to merge, saying a combined company would lead to greater savings.
The U.S. Supreme Court on Tuesday declined to hear a challenge to controversial debit card "swipe fee" rules, dealing a blow to retailers, grocers and restaurant owners who argued the charges were unfairly high.