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Industry news

Citi Hit in Brazilian Hacker Attack
A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions. Read

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With Role Lessened, Loan Chief Exits BofA
Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business. Read

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Upbeat Beam Sees Glass as Half-Full
Spirits maker Beam, which posted better-than-expected earnings, expects established brands and new flavors to help it outperform the broader category's growth this year. Read

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Facebook and the St. Petersburg Paradox
Investors thinking about Facebook should consider a mathematical riddle that shows how growth stocks can get overvalued so easily. Read

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Oil Partnerships Keep Rolling
A quirky and complex investment class called master limited partnerships has been one of the market's best performers of late. Read

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Despite Intervention, Brazil's Currency Gains
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency. Read

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Jobs Data Help Dollar Gain
A surprisingly strong jobs report boosted the dollar, as evidence of a rebounding labor market helped diminish expectations of more expansionary monetary policy by the Federal Reserve. Read

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MTN Probes Bribery Claims
Shares of South African mobile-phone operator MTN fell after the company said it is investigating claims by Turkey's largest mobile-phone operator that it engaged in corruption to secure a deal in Iran. Read

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Interest-Rate Probe Widens
Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal. Read

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RBS 'Surprised' by Pay Backlash
RBS's chairman acknowledged that the bank had miscalculated the public and political reaction to the $1.5 million bonus in shares awarded to CEO Stephen Hester, who subsequently turned down the payment. Read

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Industry news provided by WSJ Online.