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BofA commodity arm fined by DOJ for trading practices

Bank of America (NYSE:BAC) Corp's commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday. Between 2008 and 2014, traders employed by Merrill Lynch Commodities deceived other traders by injecting misleading information into the precious metals futures market, the DOJ said in a...

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Disney poaches Netflix film executive for streaming service

Walt Disney (NYSE:DIS) Co said on Tuesday it had hired a top executive in Netflix (NASDAQ:NFLX) Inc's original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney+. As director of original film at Netflix, Brodlie was responsible for films including "To All the Boys I've Loved Before" and "Ibiza." He also...