Morgan Stanley (MS) is taking a step back to reach a mutually beneficial settlement with bond insurance firm MBIA. The investment bank announced Tuesday that it's willing to take a pre-tax loss of $1.8 billion in the current quarter to resolve outstanding legacy exposures.
Walnut Place, a group of undisclosed investors who oppose Bank of America Corp's $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank.
Alpha Natural Resources has agreed to pay $200 million to resolve a range of civil and criminal penalties linked to the Upper Big Branch accident as well as other liabilities it inherited when it bought Massey Energy in June, the Wall Street Journal said, citing several people familiar with the settlement.
Judge Jed Rakoff's refusal to accept a settlement between Citigroup and the U.S. Securities and Exchange Commission is most significant not as a rebuke of Citigroup but as a resounding statement of frustration with the Securities and Exchange Commission's perceived ineffectiveness.
Was originally sued for $300,000
A federal judge angrily threw out Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.
U.S. District Court Judge Jed S. Rakoff issued an acerbic order blocking the U.S. Securities and Exchange Commission's proposed $285 million deal with Citigroup that is "neither fair, nor reasonable, nor adequate, nor in the public interest."
A judge on Monday rejected a proposed $285 million settlement between Citigroup Inc and the top U.S. market regulator over the sale of toxic mortgage debt and ordered a trial.
It is a knock out loss for pro-wrestler Hulk Hogan after his ex-wife Linda Bollea got 70 percent of their liquid assets in a final divorce settlement.
Bank of America Corp (BAC.N) has reached a settlement with former Countrywide Financial Corp institutional investors who decided not to join a $624 million class-action case that won court approval in February.
Poker News Report says defrauded players are getting anxious
Roseanne Barr's ex-husband is demanding the comedienne pays the $75,000 for his attorneys' fees and another $100,000 for the inconvenience of a lengthy child custody battle.
Dadaab, which is located near the Somali border, is now the world’s largest refugee settlement camp.
Tiki Barber and Traci Lynn Johnson reportedly had to delay their wedding as Barber's pending divorce from estranged wife Ginny Cha seems to have no end in the future.
Ivanhoe Mines said on Monday that construction at its Oyu Tolgoi copper-gold project in Mongolia will be 70 percent complete by the end of 2011, with commercial production seen in the first half of 2013.
Jefferies said meetings with the management of comScore Inc. (NASDAQ: SCOR) focused on the company's compelling growth opportunities, given a recently expanded product portfolio.
Currency effects helped push Orascom Telecom to a net loss of $975,000 for the third quarter from a profit of $939 million a year earlier, the company said on Sunday.
Facebook is finalizing a settlement with federal regulators over changes to its privacy policies enacted two years ago, the Wall Street Journal reported.
Facebook is finalizing a settlement with federal regulators over changes to its privacy policies enacted two years ago, the Wall Street Journal reported.
Claude Resources Inc. said Friday its third-quarter profit fell as a one-time loss on derivatives and lower production offset higher prices.
Facebook is in talks with the U.S. Federal Trade Commission to reach a settlement over changes to its privacy policies enacted two years ago, according to media reports.
Karen Kraushaar, one of the former National Restaurant Association employees who received a settlement after accusing then-CEO Herman Cain of sexual harassment, says she wants to hold a joint press conference with the other three women who have made allegations against Cain.
