US rapper Gibbs acquitted in Austrian sexual abuse trial
US rapper Freddie Gibbs was acquitted Friday of sexually abusing a girl half his age in his hotel room after a concert in Vienna last year. The Vienna regional court gave Gibbs, 34, whose real name is Fredrick Tipton, the benefit of the doubt that he not had sex with the girl, who was 17 at the time. According to the charge sheet reported by local media, Gibbs took the alleged victim and a 16-year-old friend back to his hotel after a concert in Vienna on July 5, 2015.
The Latest: And they're ... up! Americans take 2-0 lead
Stocks say 'nevermind'; reverse recent losses as banks jump
NEW YORK (AP) ? U.S. stocks are climbing Friday and are regaining almost all of their losses from the day before. Banks are recovering from a sharp drop as Deutsche Bank tries to reassure investors about its financial health. Strong earnings from Costco are giving consumer stocks a lift and energy companies are also trading higher.
Black box recorder recovered from wreckage of train crash
Federal investigators pulled one of the black box recorders from the wrecked commuter train at the Hoboken station and struggled to extract the second one Friday as they tried to figure out what caused ...
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Deutsche lifted by CEO letter, settlement report
By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remained stable. Deutsche, which is Germany's largest bank and employs around 100,000 people, has been engulfed by crisis after being handed the demand for up to $14 billion earlier in September by the Department of Justice (DOJ) for misselling mortgage-backed securities before the financial crisis. Deutsche and the German finance ministry declined to comment on the report.
Deutsche Bank close to slashing US fine: source
Deutsche Bank is near a deal with US officials to slash a huge fine over its dealings prior to the 2008 financial crisis, a source said Friday, sparking a dramatic rally in the German giant's shares. Stock in Germany's biggest lender closed at 11.57 euros ($13), up 6.39 percent on Thursday's close after a flurry of last-minute buying activity following the news the bank had negotiated a much lower fine than expected with the US Department of Justice. Deutsche Bank is close to settling the fine over its sales of toxic mortgage bonds transacted ahead of the financial crisis for $5.4 billion, well below the government's initial $14 billion demand, a person familiar with the talks between Deutsche and the DoJ told AFP.
Zika illnesses are mild at worst in US teens, young children
World's deepest underwater cave found in the Czech Republic
Morgan Stanley estimates Deutsche settlement over U.S. fine at $6 billionDeutsche Bank could pay about $6 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, analysts at Morgan Stanley estimated in a note to clients. Germany's largest lender said about two weeks ago it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold the securities. Talk of a smaller-than-expected fine bounced Deutsche Bank shares sharply off their lows on Friday to end the day up 6.4 percent.