Allstate sues Goldman over mortgage debt losses

NEW YORK (Reuters) – Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.




Wall St gains for 3rd day on M&A, Europe hopes

NEW YORK (Reuters) – Stocks gained for a third day on Monday after last week’s wild swings on U.S. deal news and speculation European leaders may get control of the euro zone’s debt problems.




Germany says no euro bond talk in Paris on Tuesday

BERLIN (Reuters) – German Chancellor Angela Merkel and French President Nicolas Sarkozy will address the euro zone debt crisis on when they meet in Paris on Tuesday but the two will not discuss the creation of common sovereign bonds.




Cheap prices and Japan recovery lift world stocks

LONDON (Reuters) – World stocks climbed further out of their August hole on Monday, lifted by signs of earlier-than-expected recovery in Japan and a growing belief that shares may now be cheap.




Electronic Arts upbeat about holiday season sales

FRANKFURT, Aug 15 (Reuters) – Video games publisher Electronic Arts (EA) is upbeat about Christmas holiday sales as it expects to release top titles and prepares its most high profile launch ever: “Star Wars: The Old Republic”.




UK finance minister urges new global economic strategy: report

LONDON (Reuters) – British finance minister George Osborne is recruiting international support for his unyielding stance on deficit cutting, the Financial Times said on Monday.




Time Warner to buy Insight for $3 billion: source

NEW YORK (Reuters) – Time Warner Cable has reached a deal to buy The Carlyle Group’s cable operator Insight Communications Co for around $3 billion in cash, a source familiar with the matter said on Sunday.




Time Warner in late talks to buy Insight: report

NEW YORK (Reuters) – Time Warner Cable is in late-stage talks to buy The Carlyle Group’s cable operator Insight Communications Co for around $3 billion, Bloomberg News reported on Sunday.