The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an ?appropriate rate.?
The Chicago teachers union will continue to be on strike after declining to formally vote on a possibly settlement at a meeting on Sunday. Now, it appears the earliest teachers will be back in classrooms is Wednesday.
Occupy Wall Street are planning to return in force to New York City's Financial District, hoping to recapture momentum.
"Jersey Shore" performer Deena Cortese has been banned from the premises of New Jersey bar Spicy Cantina & Mexican Grill for two years after an incident occurred at the bar in June.
Deena Cortese, the self-described "blast in a glass" cast member on "Jersey Shore," will have to take the party elsewhere after a Seaside Heights restaurant banned her from their premises for two years following her drunken antics.
Camille Grammer, a former cast member on “The Real Housewives of Beverly Hills,” was recently slammed by her ex-husband, Kelsey, when he made a joke on the late-night talk show “Conan,” that he didn’t have sex “for a decade” during his marriage to Camille.
Between 40,000 and 90,000 emergency workers and volunteers spent time sifting through the remains at Ground Zero, and were exposed to toxic materials that have been blamed for a range of respiratory illnesses and other ailments.
A banker who went to prison for helping clients avoid taxes, cheating the U.S. government of revenue, is now out free and very, very rich, thanks to his helpfighting the tax evasion he previously assisted in.
Just off Malaysia's west coast on the Straits of Melaka, Penang island is a key Southeast Asian crossroad that historically brought together traders and armies from across the world -- creating a huge repository of culinary delights.
The Chicago teacher strike that has led to about 400,000 children being left out of schools is likely to continue for the second day, Tuesday, as the striking Chicago Teachers Union and the school district officials failed to reach an agreement till late night Monday.
Two large investment banks issue fresh forecasts for the price of gold
The president of the Association of Injured Workers and Ex-Workers of General Motors Colombia, or Asotrecol, traveled to Detroit to continue the group's hunger strike and push for direct negotiation with General Motors Company (NYSE:GM) corporate management.
Air India took delivery of its first Boeing 787 commercial widebody airplane on Thursday at Boeing Co's final assembly plant after a months-long dispute between airline and manufacturer over compensation for a four-year production delay.
Members of the Yanomami tribe in the Amazon claim that a massacre took place in a settlement in Venezuela, where they say Brazilian miners killed nearly 80 people, seeking to gain unlicensed access to their lands.
You can't put a price on public humiliation, but the $30 million Kelsey Grammer's ex-wife Camille Grammer is getting should help mitigate the mortifying circumstances of their 2011 separation.
The top after-market Nasdaq gainers Wednesday were Amyris Inc, Theravance Inc, KiOR Inc, Mitcham Industries Inc and TechTarget Inc. The top after-market Nasdaq losers were Cross Country Healthcare Inc, Warner Chilcott plc, SeaChange International Inc, Conn's and ZAGG Inc.
Hachette Book Group, Simon & Schuster and HarperCollins Publishers will have to issue reimbursements ranging from 25 cents to $1.32 per book to customers who paid inflated e-book prices between April 1 and May 21, 2010.
Kim Kardashian has settled a $20 million lawsuit against the clothing retailer Gap Inc. (NYSE: GPS) over an Old Navy
The South African government has decided that all consumer goods produced on the West Bank must be labeled as coming from the occupied Palestinian territories -- and Israel is very angry.
Standard Chartered Plc will pay $340 million to New York's bank regulator over transactions linked to Iran, in a speedily arranged deal likely to cheer its shareholders.
British Standard Chartered Bank, which had been accused by New York state's top banking regulator of engaging in illegal money-laundering on behalf of the Iranian regime in an explosive legal filing last week, id settling charges for a fine of $340 million.
PokerStars, the largest online poker card room in the world, has agreed to a $731 million settlement in their money-laundering case with the U.S. Department of Justice. The settlement reportedly includes reimbursement for some customers whose funds were frozen when the company was seized and shut down by the U.S. Attorney's Office in 2011.
