Bloomberg The UK will raise 11.8 billion pounds ($14.7 billion) selling mortgages to Blackstone Group LP funds and Prudential Plc, as it takes another step toward clearing assets acquired from lenders that failed in the financial crisis. “This is a significant milestone,” Ian Hares, chief executive officer of UK Asset Resolution Ltd., the state agency that managed the sale, ...

  Bloomberg Some of Washington’s most persistent lobbyists are racking up big wins, as regulators, members of Congress and even President Donald Trump embrace priorities expressed by the biggest communications companies. Broadcasters are near to gaining renewed freedom to grow through mergers, and telephone providers are poised to dodge rate caps. Each step reverses policies from the Obama era. “It’s ...

  AP Volkswagen board chairman Hans Dieter Poetsch says he doesn’t expect an internal investigation into the German automaker’s cheating of US diesel emissions standards, which became public in September 2015, to be wrapped up by year’s end. Poetsch, who was quoted in Saturday’s edition of the Frankfurter Allegemine Zeitung newspaper, said that law firm Jones Day has made good ...