Finance & Mortgage

US to closely police banks in mortgage settlement

* Previously announced pact filed in federal court * Banks commit to $25 bln, much as mortgage relief* Ally Financial negotiated reduced penalty - sources* Federal officials tout strong enforcement mechanism

Taylor Wimpey Starts FY 2012 with Encouraging Patterns; HSBC assigns 'Overweight' Rating

Taylor Wimpey, the homebuilding company, says that it is too early to judge the market for the year as a whole, but the early weeks of trading in 2012 have followed the encouraging patterns of the second half of 2011, with good visitor levels, healthy reservations and low cancellations.

Gold Price Turns Nearly 1% Higher After U.S. Jobs Data

Gold rose nearly 1 percent in heavy trading on Friday, reversing early sharp losses, lifted by higher crude oil and U.S. equities' following an encouraging U.S. job report.
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