Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Verizon reports data breach * A security researcher says a lapse has exposed data from millions of Verizon customers, leaking names, addresses and personal identification numbers, or PINs.

Verizon Wireless says 6 million customers were affected, but the company says that none of the information made it into the wrong hands. The company says the only person who got access to the data was the researcher who brought the leak to its attention.

The security firm, UpGuard, says the problem stemmed from a cloud server that a third-party vendor had misconfigured.

RBS settles mortgage case for $5.5 billion * Royal Bank of Scotland said Wednesday it has reached a $5.5 billion settlement in the United States over the selling of mortgage-backed securities before the financial crisis.

The deal with the Federal Housing Finance Agency resolves claims regarding the issuance and underwriting of about $32 billion of residential mortgage-backed securities.

The bank must still address outstanding civil and criminal claims with the U.S. Department of Justice.

SSM eyes expansion in Wisconsin * Creve Coeur-based SSM Health said Wednesday it has signed a letter of intent with the Congregation of Sisters of St. Agnes to gain ownership of two health care operations that include four hospitals, multiple nursing homes, a rehabilitation facility and pharmacies.

The deal, if finalized, would include Agnesian HealthCare in Fond Du Lac, Wis., about an hour north of Milwaukee, and Monroe Clinic in Monroe, Wis., about an hour south of Madison.

Terms of the deal were not disclosed.

CenturyLink accused of overcharging * Minnesota filed a lawsuit against telecommunications provider CenturyLink Inc. alleging the company charged customers more than they agreed to pay for internet and cable services, the state's Attorney General Lori Swanson said in a statement on Wednesday. …

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