SETTLEMENT

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BofA Reaches Settlement in Countrywide Case

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.
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Herman Cain

Herman Cain Faces a Fourth Accuser; Will Sexual Harassment Allegations End His Election Bid?

Republican presidential candidate, Herman Cain, got through most of last week with some success (following allegations of sexual abuse) largely because his accusers kept quiet. On Monday, however, Cain faced a new set of political challenges, after an ex-employee of the National Restaurant Association's (NRA) educational foundation accused him of sexually inappropriate behavior 14 years ago. The Chicago woman told reporters that her encounter with Cain in 1997 was tawdry and aggressive.
Air Canada drops appeal on pensions decision

Air Canada attendants get labor deal they rejected

A federal arbitrator imposed a labor contract on Air Canada's 6,800 flight attendants on Monday that has the same provisions as a tentative deal the attendants voted down in October, the union representing the workers, said on Monday
Alfonso Cano

FARC Rebels Defiant After Canto's Death, Colombia Revolution Not Over [FULL STATEMENT]

The Revolutionary Armed Forces of Colombia (FARC) have confirmed the death of leader Alfonso Cano, but reject the idea that the group must demobilize or perish. A statement of defiance (full text here) accompanied three guerrilla attacks this weekend, and experts warn the group remains a stronghold, despite Pres. Santos's assurances that FARC is at breaking point.
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Anadarko has bigger loss on BP settlement

Anadarko Petroleum Corp reported a wider quarterly loss on Monday, as the U.S. oil and gas company spent $4 billion to reach a settlement with BP Plc over that company's Gulf of Mexico oil spill disaster last year.
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BP and Anadarko agree $4 billion oil spill settlement

LONDON - - Oil giant BP and Anadarko, its partner in the well which caused the Gulf of Mexico oil spill, have agreed a settlement on cleanup costs whereby Andarko will pay BP $4 billion -- less than half the amount it may have been forced to pay in court.

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