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Reuters* AIG says misled over Countrywide securities * California judge rules in $10 billion case * Bank of America to defend against remaining claims By Jonathan Stempel May 7 (Reuters) - American International Group Inc may pursue a lawsuit accusing...
ReutersBy Suzanne Barlyn April 26 (Reuters) - A federal judge on Friday gave final approval to a settlement under which Merrill Lynch will pay $21 million to end a class action lawsuit by some 1000 former brokers who claimed they were denied deferred...
Halting the financial sector's death plunge is arguably the government's most measurable achievement this year. Yet as President Barack Obama observes the one-year anniversary of Lehman Brothers' collapse, his administration's increasingly sunny...
Los Angeles Times Staff WritersThe sub-prime mortgage crisis hit Wall Street with full fury Tuesday as Citigroup Inc. reported a nearly $10-billion fourth-quarter loss, and both Citigroup and Merrill Lynch & Co. got cash infusions to shore up their financial stability. Citigroup...
Chicago TribuneMonday: -- Earnings: Eaton Corp.; Mattel Inc.; Novellus Systems Inc.; Sensient Technologies Corp. Tuesday: -- June producer price index -- June industrial production -- Earnings: AMB Property Corp.; Coca-Cola Co.; CSX Corp.; Forest Laboratories Inc.;...
Bloomberg NewsGlobal oil reserves were little changed in 2006 as growth in Saudi Arabia and Russia offset declines in India and Norway, BP Plc said. Proven conventional oil deposits totaled 1.208 trillion barrels at the end of 2006, compared with 1.209 trillion...
Tags: Energy Resources, Natural Gas, Natural Resources, BP Plc, Coal
It's ironic that, as the mortgage crisis pushed Lehman Bros. Holdings Inc. into bankruptcy and probable demise, the storied finance house couldn't find a savior in its hour of need. Had Lehman turned a similar cold shoulder to Los Angeles more than 125...
Associated PressWall Street shot higher in early trading Monday, with solid preliminary results from IBM encouraging investors to buy back into the stock market after last week's rout. International Business Machines Corp., one of the 30 Dow Jones industrials,...
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