Articles tagged with fees

Thu, May 17, 2012

MF Global clients bash fat fees, seek quick wind-down

By Nick Brown

(Reuters) - The legal team winding down MF Global's bankruptcy estate, led by former FBI director Louis Freeh, estimates the fees ...

Thu, May 10, 2012

Judge tells insurer: Pay insider trading legal fees - for now

By Emily Flitter

NEW YORK (Reuters) - A federal judge said during a court hearing in New York on Thursday he is prepared to order ...

Fri, May 04, 2012

Governor Signs Bill That Hikes Fishing And Hunting Fees

ST. PAUL, MN (KDAL) - Minnesota Governor Mark Dayton has signed the game and fish bill that ups the cost of both hunting and fishing ...

Thu, May 03, 2012

KPN says America Movil's $4.2 billion move is pitched too cheap

By Gilbert Kreijger and Sara Webb

AMSTERDAM (Reuters) - Dutch telecom group KPN NV hit back at a surprise stakebuilding attempt by Mexico's America ...

Wed, April 25, 2012

RBS Citizens settles overdraft-fees case for $137.5 million

By Jonathan Stempel and Nate Raymond

(Reuters) - Citizens Financial Group Inc agreed to pay $137.5 million to settle lawsuits accusing it of charging ...

Mon, April 16, 2012

Flo Rida Ordered to Pay $80k in Fees and Damages for Missing Australian Concert

An Australian judge has ordered Flo Rida to cough up some cash for failing to appear at Australia's Fat as Butter music festival ...

Wed, April 11, 2012

Empire State Building paid $10 million for REIT fees

By Ilaina Jonas

NEW YORK (Reuters) - The plan to form a publicly traded property company with the Empire State Building as the centerpiece cost ...

Tue, April 10, 2012

Exclusive: Bain eyes $6-$8 billion fund, toys with fees

By Greg Roumeliotis and Paritosh Bansal

NEW YORK (Reuters) - Bain Capital LLC is considering raising $6 billion to $8 billion for a new global ...

Thu, March 22, 2012

Government sues AT&T over fees from misuse of deaf service

By Jasmin Melvin

(Reuters) - The government charged AT&T Inc with cheating it out of millions of dollars by knowingly failing to prevent swindlers from using a subsidized telephone service meant for deaf people.

The Justice Department said on Thursday it accused AT&T of billing for reimbursement of calls placed by ineligible international callers who used the service for purposes such as buying goods from merchants using stolen credit cards.

In a filing Wednesday in federal court in Pennsylvania, the Justice Department joined a whistleblower suit filed by a former worker at one of AT&T's call centers.

The deaf and hard-of-hearing in the United States are offered a service at no charge to place calls to hearing individuals through text messages over the Internet that are relayed by employees of a so-called IP Relay provider.

These providers, including AT&T, are reimbursed about $1.30 per minute by the Federal Communications Commission through a fund paid for by fees added to consumers' telephone bills.

AT&T contends that it did not know foreign callers were using the system, and said it has followed the FCC's rules for providing the service and seeking reimbursement.

"As the FCC is aware, it is always possible for an individual to misuse IP Relay services, just as someone can misuse the postal system or an email account, but FCC rules require that we complete all calls by customers who identify themselves as disabled," said Marty Richter, an AT&T representative.

But the Justice Department accused AT&T of knowingly trying to skirt a 2009 FCC requirement mandating IP Relay providers verify registered users' name and mailing address. It said foreign callers accounted for up to 95 percent of call volume.

The government further alleges that AT&T implemented a registration system that did not ensure users were in the United States "out of fears that fraudulent call volume would drop after the registration deadline."

"Taxpayers must not bear the cost of abuses of the Telecommunications Relay system," said David J. Hickton, U.S. Attorney for the Western District of Pennsylvania. "Those who misuse funds intended to benefit the hearing- and speech-impaired must be held accountable."

Constance Lyttle, a former communications assistant in an AT&T IP Relay call center, filed the original lawsuit under provisions of the False Claims Act that allow whistleblowers to receive a portion of any recovered damages.

The case is U.S. ex rel. Lyttle v. AT&T Corp, U.S. District Court, Western District of Pennsylvania, No. 10-cv-1376.

(Reporting By Jasmin Melvin in Washington; Additional reporting by Sinead Carew in New York; Editing by Tim Dobbyn)

Thu, March 15, 2012

Banks hike fees, cut costs to boost profits

By David Henry and Rick Rothacker

(Reuters) - Jack up checking fees for bank customers who don't use direct deposit regularly. Replace tellers with ...

Fri, March 09, 2012

Analysis: Legal fees in Gulf oil spill deal stir conflict

By Andrew Longstreth

NEW YORK (Reuters) - The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the ...

Mon, March 05, 2012

Client exodus to push BlackBerry fees down: analyst

By Alastair Sharp

(Reuters) - Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst ...

Tue, February 21, 2012

U.S. consumer agency to examine bank overdraft fees

By Dave Clarke

WASHINGTON (Reuters) - The new U.S. Consumer Financial Protection Bureau is weighing a crackdown on checking account overdraft fees charged by ...

Mon, February 13, 2012

Obama budget proposes new security, airline fees

(Reuters) - Airlines and their passengers would pay up to $32 billion in new air traffic and security fees over 10 years, and grants to ...

Thu, February 02, 2012

Glencore, Xstrata turn to trusted banking stars

By Victoria Howley

LONDON (Reuters) - An elite club of bankers traditionally close to London's mining companies stand to earn their firms a share ...

Thu, February 02, 2012

Viacom profit beats on higher cable fees

(Reuters) - Viacom Inc's profit beat Wall Street forecasts on Thursday helped by a double-digit growth in fees paid by cable, satellite and phone ...

Fri, January 27, 2012

In Facebook IPO, bankers seek prestige over fees

By Lauren Tara LaCapra

(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing ...

Fri, January 13, 2012

Morgan Stanley to trim fees, size of $4.7 billion megafund

By Alex Frew McMillan

HONG KONG (Reuters) - Investors have approved a year-long extension of a $4.7 billion property megafund from Morgan Stanley , a ...

Tue, December 20, 2011

Deutsche Boerse, NYSE offer to cap derivatives fees for 3 years

By Foo Yun Chee

BRUSSELS (Reuters) - Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for ...

Mon, December 12, 2011

Ex-U.S. congressmen draw bigger lobbying fees: analysts

WASHINGTON (Reuters) - Former U.S. lawmakers who lobby the federal government command higher average fees for their lobbying firms than other Washington lobbyists do ...

Wed, December 07, 2011

White House seeks simpler credit card fees, terms

WASHINGTON (Reuters) - The White House said on Wednesday it wants to make it easier for credit card holders to understand the interest rates and ...

Tue, November 29, 2011

New York City can't tax Expedia, Priceline fees: court

By Joseph Ax

NEW YORK (Reuters) - An appeals court on Tuesday struck down a 2009 New York City law imposing a tax on hotel-booking ...

Mon, November 28, 2011

U.S. cash funds primed to recover waived fees

By Tim McLaughlin

(Reuters) - Several companies in the money market fund industry, which has waived several billion dollars of fees over the past two ...