CFTC probe

The Commodity Futures Trading Commission has issued subpoenas to brokers at ICAP in Jersey City and as many as 15 Wall Street banks as part of an investigation into possible price manipulation of benchmark interest-rate swaps.

Gone at Avon

Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe.

Austin power

Google Fiber is coming to Austin, Texas. The search giant’s fiber-to-home Lone Star introduction is to be announced this morning, say Web reports.

AIG move

Insurer American International Group has asked a court to block Maurice “Hank” Greenberg’s efforts to sue the US government on AIG’s behalf.

Safe bet

Full Tilt Poker founder Raymond Bitar, accused of using funds from online players to finance Full Tilt’s operations and pay its owners, plans to plead guilty, his lawyer told a judge in New York.