Feeder deal
Fairfield Greenwich, Bernard L. Madoff’s biggest so-called feeder fund, settled an investor class-action lawsuit for $80 million.
Wells woe
The government’s investigation of mortgage-related practices at Wells Fargo includes the making and packaging of home loans by its Wachovia unit, the bank said in a filing yesterday.
Hyundai hit
Hyundai and its affiliate Kia Motors stand to lose about $100 million because of their plan to fund fuel purchases of owners who bought vehicles whose fuel economy was exaggerated by the automakers, Moody’s Investors Service said.
Vringo victory
Vringo, owner of technology developed by the Lycos search engine, said it was awarded about $30 million from Google and some Google customers, including AOL, over patented ways to generate advertising revenue.
Booked
EU regulators are to end an antitrust probe into e-book prices by accepting an offer by Apple and four publishers to ease price restrictions on Amazon, Reuters reported.