Safra sued

Safra National Bank of New York was sued for at least $111.7 million by Irving Picard, the trustee liquidating Bernard Ma doff’s defunct invest ment firm.

Warner down

Warner Music Group reported a net loss of $38 million for the fiscal sec ond quarter on $682 mil lion in revenue, up 2.4 percent from the same quarter last year.

Hot tips

Massachusetts securi ties regulators may charge Goldman Sachs Group with improperly passing along analysts’ tips to top clients, according to a Goldman filing with US regula tors.

Going Postal

The US Postal Service reported a widening sec- ond-quarter loss of $2.6 billion as first-class mail volume declined.

About face

New York Times Co. announced Cella Irvine has left her post as chief executive of About.com as part of an effort to reinvigorate the chal lenged network of how- to Web sites, according to wsj.com. Martin Ni senholtz, Times Co.’s senior vice president of digital operations, will add oversight of About.com to his exist ing duties.