The US Justice Department scored a major win when a New York federal jury found the Countrywide unit of Bank of America guilty for mortgage fraud.
Legal & Regulatory
Green Field Energy seeks bankruptcy protection
Oil service company Green Field Energy Services Inc filed for a Chapter 11 bankruptcy protection in a Delaware court.
Regulator investigates MREITs- report
The New York Fed was looking more closely at mortgage real estate investment trusts, according to a report from the Financial Times.
Authorities grab USD 28 million worth of bitcoins from alleged Silk Road operator
An estimated USD 28 million worth of bitcoins was confiscated by authorities from the computer hardware of Ross William Ulbricht.
Allegations of raclal profiling hound Macy's and Barneys
Several people have come forward claiming racial profiling after purchase of luxury goods from stores resulted in detention by NYPD upon complaint by high end retail stores.
Latest News
The European Union and Turkey would be resuming accession talks on November 5 after a three-year postponement.
A source told Reuters that JPMorgan Chase & Co was nearing a settlement deal with institutional investors that included BlackRock, Pacific Investment Management and Neuberger Berman.
Sources told Reuters that the end to the probe of JPMorgan's criminal liability about the mortgage bonds it issued in the financial crisis could be far from over.
HP sued three optical disk drive makers for fixing the prices it bought from 2004 to 2010. Hewlett-Packard Co has filed a case against three optical disk drive manufacturers.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
In twin moves, Swatch was able to identify the cause of its sales declines and increase the demand for its components by cutting back on deliveries.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
FDA has reclassified Vicodin and other hydrocodone-based pain pills as Schedule II, making them more difficult to get.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
