Business

Business briefs

Cable refund

Comcast, Time Warner Cable, Cox Communications and Cablevision are offering credits to customers who lost service due to Hurricane Sandy.

JPMorgan

JPMorgan will buy MetLife Bank’s $70 billion mortgage-servicing portfolio for an undisclosed sum, a move that will increase its $1.1 trillion servicing business by 5 percent.

Empire stake

Empire State Realty Trust will pay $55 million to settle an investor suit over its plan to become a real-estate investment trust and sell shares on the New York Stock Exchange, clearing the way for the public to own a piece of the Manhattan landmark.

Reuters drop

Thomson Reuters reported a 15 percent fall in operating profit for the quarter, to 54 cents a share, unchanged from the same period a year ago.

MSG net

Madison Square Garden said its net income fell 3 percent in its first fiscal quarter to $20.6 million, or 26 cents per share, down from $21.3 million, or 28 cents per share, in the year-ago period, which included a tax benefit.