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Mortgage deal faces setbacks, again
(Reuters) |
| February 7, 2012 |
| Reuters - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it. |
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SEC's Gallagher wants more oversight of brokers
(Reuters) |
| February 6, 2012 |
| Reuters - Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to police the holding companies of broker-dealers for risks, according to the SEC's newest commissioner. |
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Key states move closer to foreclosure-abuse deal
(AP) |
| February 6, 2012 |
| AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. |
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Yum profit up as China keeps growing
(Reuters) |
| February 6, 2012 |
| Reuters - KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing. |
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BofA investor lawsuit wins class-action status
(Reuters) |
| February 6, 2012 |
| Reuters - Shareholders suing Bank of America Corp on Monday won class-action status for their lawsuit accusing the bank and various executives and directors of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and size of Merrill's losses and bonus payouts. |
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AP - The nation's ruling party has chosen a woman as its candidate for president, a test for a society where women could not vote until 1953 and where a culture of machismo still runs strong.
AP - Bill Belichick gave clear instructions to his defensive unit: Let the runner score.