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Ally Financial's Mortgage Unit Reported To File Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
IBTimes Logo

Ally Financial's Mortgage Unit Reported Near Bankruptcy

Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.
John Travolta

John Travolta Masseuse Lawsuit: Top 5 Bizarre Claims

A recent lawsuit against John Travolta will do little to quell the longstanding rumors that the actor is a closeted homosexual. An ex-masseur is suing the actor for $2 million, claiming that he sexually assaulted him back in January.

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