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.?
Chicago Teachers Union Will Continue Strike; Earliest Classes Could Resume Is Wednesday
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 Plans Concert, Demonstration Surrounding NYSE To Mark Anniversary
Occupy Wall Street are planning to return in force to New York City's Financial District, hoping to recapture momentum.
'Jersey Shore' Star Deena Cortese Banned From Bar For Two Years After Drunkenness Arrest
"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 Of 'Jersey Shore' Banned From Seaside Heights Restaurant After Drunken Antics
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 Grammar, Ex-wife Of Kelsey, Calls Sexless Marriage Claims 'Simply Not True'
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.
9/11 Health Toll Still Hazy After 11 Years
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.
IRS Ups Tax Fraud Fight With $104 Million Record Payment To Whistleblower
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.
48 Hours In Malaysia’s Historic, Food-Loving Penang
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.
Chicago Teacher Strike To Continue For Second Day, Romney Attacked For Politicization Of Strike By Democrats
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.
Gold Rally: How Long Can It Go?
Two large investment banks issue fresh forecasts for the price of gold
Former General Motors Colombia Employee Brings Hunger Strike to CEO Akerson's Detroit Doorstep
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 Receives First Boeing 787 Dreamliner
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.
Culture Clash: Amazon Tribe In Venezuela Alleges Illegal Gold Miners Massacred Village Residents
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.
Camille Grammer $30M Richer In Divorce Settlement
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.
Top Post-Market Nasdaq Movers (Amyris, Theravance, KiOR, Mitcham, TechTarget, Cross Country Healthcare, Warner Chilcott, SeaChange, Conn's, ZAGG)
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.
Publishers Agree To Reimburse E-Book Customers $69M In Price-Fixing Scheme
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 Ends Legal Feud Over ‘Fake Kim Kardashian’
Kim Kardashian has settled a $20 million lawsuit against the clothing retailer Gap Inc. (NYSE: GPS) over an Old Navy
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Refugees In Jordan Tell Stories Of Torture, Harrowing Escape From Syria's Civil War
The Zaatari camp in northern Jordan houses thousands of fugitives from the war next door -- they could become as many as 125,000, and a political problem for the kingdom. In the meantime, they are just glad they aren't in Syria anymore.
ZeekRewards Supporters Sign Online Petition As Company Is Handed Over To Receiver
Following reports that ZeekRewards.com and Zeekler.com were shuttered by the SEC after being declared a Ponzi scheme, over 13,000 users and Zeek affiliates have flocked to an online petition to defend the company from charges against its founder Paul Burks and his company Rex Venture Group.
Bank Of America Exits Debt-Protection Products Amidst Industry Scrutiny
Bank of America Corp. (BAC) discontinued credit protection services to customers as it came under scanner for allegations of customer enrollments through improper practices and charging customers without consent. A class action suit is reportedly pending against BAC on the issue.
Israeli Teens Held For 'Lynching' Of Palestinian Youths; Police Say People Watched Without Intervening
Seven Israeli teenagers were in the custody of Jerusalem police Monday in connection with the recent assault on Palestinian youths at West Jerusalem's Zion square which the Israeli authorities described as "lynching."
British Parliament Bashes Bob Diamond In LIBOR Report
The British parliament criticized former Barclays Plc (London: BARC) CEO Bob Diamond in a report released Saturday, saying that he failed to fully disclose the bank?s illegal practices during testimony on the LIBOR scandal.
Doesn't Kristen Stewart Look Like A Cheater? Top 10 Notorious Celebrity Cheaters
Doesn't Kristen Stewart look like a cheater? The following is a list of the top ten notorious celebrity cheaters.
Kids Vitamins: Get Your Refund Here After $2.1 Million Settlement For False Eye, Brain Health Claims
If you bought kids vitamins featuring Disney and Marvel characters, you're entitled to a refund after the companies peddling the products entered a $2.1 million settlement with the government for making false and unsubstantiated claims.
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