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Federal Reserve Vice Chair Janet Yellen said that interest rates may need to stay near zero until early 2016 to forcefully lift employment. Stocks fell on the news.
Ivy settles
Bank of New York’s Ivy Asset Management agreed to pay $210 million to settle lawsuits for advising clients to invest with Ponzi schemer Bernard Madoff, NY Attorney General Eric Schneiderman said.
Eisner again
Former Disney CEO Michael Eisner said that the media company he founded, The Tornante Co., will finance films that will be distributed by Comcast.’s Universal Pictures.
For a song
Live Nation Entertainment’s Ticketmaster unit will sell tickets on the website of Walmart Stores., expanding ties with the world’s largest retailer.
Zynga CFO
Zynga, the largest maker of games played on social networks, promoted Mark Vranesh to the post of chief financial officer, replacing David Wehner, who is leaving to take a senior finance job at Facebook.