4497 Stories, most recent news story added Fri Dec 4, 1:36 am ET
Exactly eight years after Enron filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit fraud.
Dec. 4 (Bloomberg) -- Japanese 20-year bonds fell for a second day, heading for the first weekly drop in a month, on concern debt sales will increase next year.
Joe Hart of Charlotte, N.C., feels he has been unfairly accused of wanting more than the $5,000 that US Airways gave each passenger as compensation for any items that were lost when flight 1549 ditched in the Hudson River after striking a flock of birds during takeoff on Jan. 15.In a USA Today story, Hart was quoted as saying he “would like to be made whole for the incident,” noting he left more ...
When Memphian Duncan Williams joined the board of the Financial Industry Regulatory Authority in 2007, his colleagues included representatives of powe....
By STEVENSON JACOBS, AP Business Writer Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But do not expect it to happen anytime soon.
Dec. 4 (Bloomberg) -- Bank of America Corp., the largest U.S. lender, raised $19.3 billion in a sale of securities at $15 apiece in the biggest sale of stock or preferred shares by a U.S. public company since at least 2000.
Dec. 4 (Bloomberg) -- An ex-broker and a former day trader were sentenced to prison for their role in a scheme in which traders bought access to brokerages’ internal “squawk boxes.”
The Mohegan Tribal Gaming Authority is seeking partners for Project Horizon luxury hotel, a $500 million casino in Palmer, Mass., and a hotel at Mohegan Sun at Pocono Downs in Pennsylvania.
The 32nd Annual Garden City Turkey Trot, Long Island’s largest Thanksgiving Day road race, had a record turnout this year and attracted more than 4,600 runners, including runners from 27 different states, Washington, D.C., Nicaragua, the United Kingdom and New Zealand. The Turkey Trot consists of three races, a Challenger Division Race for courageous special needs athletes, a 1.4 mile Fun Run ...
Bank of America’s surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government’s thumb. But don’t expect it to happen anytime soon. That’s because many banks, including Citi and Wells Fargo, still face big losses on loans as people fall behind on bills—losses that could further erode their capital and ...
Puts pressure on Citigroup , Well Fargo to start repaying money
Dec. 4 (Bloomberg) -- A Chinese official said “fraudulent practices” by some foreign investment banks were partly to blame for more than 11.4 billion yuan ($1.67 billion) of derivatives losses at Chinese state-owned companies last year.
Bernanke is unapologetic and warns that moves to weaken the central bank would jeopardize economic stability
Dec. 4 (Bloomberg) -- China said “fraudulent practices” by some foreign investment banks were partly to blame for more than 11.4 billion yuan ($1.67 billion) of derivatives losses at Chinese state-owned companies last year.
Dec. 3 (Bloomberg) -- Bank of America Corp., which plans to repay $45 billion of U.S. government bailout money, raised $19.3 billion in a sale of securities at $15 apiece, a 4.8 percent discount to its common stock.
(AP:SAN FRANCISCO) Bank of America Corp. said Thursday it raised $19.29 billion in a complex share sale to help pay back $45 billion in government bailout funds.
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