Judge Fines Bank of America $45 Million for Mistaken Foreclosure 
 

A bankruptcy judge issued a $45 million fine against Bank of America Corp., calling the bank's treatment of a California couple who fought to save their home "brazen" and "heartless."

 
BCBG in Settlement Talks With Azrias, Sets Sale Timeline 
 

Troubled retailer BCBG Max Azria LLC put the next steps of its bankruptcy process in motion, including the creation of a timeline to potentially sort out its squabble with the wife of its founder.

 
BlackRock Bets on Robots to Improve Its Stock Picking 
 

BlackRock unveiled an overhaul of its actively managed equities business that will include job losses, pricing changes and a greater emphasis on computer models that inform investments.

 
Starboard Wins More Board Seats, Replaces CEO at Depomed 
 

Specialty pharmaceuticals maker Depomed has replaced its chief executive and named two new directors to its board after nearly a year of activist pressure from Starboard Value LP.

 
Wells Fargo Gets Lower Marks on Community-Lending Scorecard 
 

Wells Fargo said it was downgraded on a key regulatory rating that focuses on its ability and willingness to lend to lower-income populations.

 
Hedge Fund Investor Charles Murphy Dies in Apparent Suicide 
 

Charles Murphy, a partner at hedge fund Paulson & Co. whose former firm invested billions with Bernard Madoff, has died in an apparent suicide.

 
Uber Workforce Data Show Dearth of  Women on Tech Side 
 

Uber Technologies Inc. on Tuesday published the first breakdown of its workforce by gender and ethnicity, part of an effort to push back against criticism that the ride-sharing company's culture is hostile to women

 
Senator McCaskill Begins Probe of Prescription Opioid Marketing 
 

U.S. Sen. Claire McCaskill has begun a probe into the marketing of opioid drugs, sending letters to Purdue Pharma LP, Johnson & Johnson and other big sellers of the pain medicines for materials detailing sales practices.

 
Grupo Mexico to Buy Florida East Coast Railway 
 

Mexican mining and railroad company Grupo Mexico has agreed to buy Florida East Coast Railway Holdings in a $2.1 billion deal.

 
TPG Agrees to Sell Back Coffee-Unit Stake to Strauss Group 
 

U.S. private-equity firm TPG agreed Tuesday to sell back its minority stake in Strauss Group's coffee business for EUR257 million ($279 million), ending a nearly four-year sale process punctuated by squabbles.

(END) Dow Jones Newswires

March 28, 2017 21:15 ET (01:15 GMT)