SETTLEMENT

IBTimes Logo

U.S. reaches mortgage settlement with top banks

The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
More news
Don Cornelius and ex-wife Victoria Chapman

Viktoria Chapman: The Ex-Wife Who Gets $300K from Don Cornelius' Death

Viktoria Chapman, the ex-wife of Soul Train creator Don Cornelius, will reportedly collecting $300,000 in benefits now that her ex-husband is dead. Cornelius, 75, was found with single gunshot wound to the head on Wednesday morning, at his Sherman Oaks, Calif., home. He was taken to Cedars-Sinai Medical Center, where he was pronounced dead.
Flag hangs on the wall of the JP Morgan company stall on the floor of the New York Stock Exchange in New York

JPMorgan Slashes $710M Lehman Bankruptcy Claim

JPMorgan Chase & Co has agreed to drop almost all of a $710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money to be distributed to creditors, Lehman said on Wednesday.
IBTimes Logo

Ford Accounting Change Signals Profit Outlook

Ford Motor Co is poised to report its biggest annual profit in 13 years on Friday after an accounting change that signals the No. 2 U.S. automaker's belief it can remain profitable.
IBTimes Logo

House Members Press Google on Privacy Policy Changes

A leading U.S. lawmaker on online privacy issues said Thursday he would ask for a probe into whether recently announced changes in how Google handles consumer data violated an agreement with the Federal Trade Commission.
IBTimes Logo

JPMorgan CEO Says Foreclosure Deal Threatened

JPMorgan Chase & Co. Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices.
2006 Honda Civic

Honda Civic Hybrid Lawsuit: Did the Auto Giant Lie on MPG?

Heather Peters, a Honda Hybrid car owner, has brought the auto giant to court claiming the car has failed to deliver the promised mileage. However, the judge presiding over the case is seeking more information before he allows the complaint to proceed.
“An Armored Catfish, a ‘Cowboy Frog’, and a Rainbow of Colorful Critters discovered in Southwest Suriname

Exotic Species New to Science Discovered in Suriname (VIDEO)

A scientific expedition into the pristine tropical forests of Suriname has brought some good news in the wildlife front. The three week survey by Conservation International (CI), as part of its Rapid Assessment Program (RAP), has discovered 46 exceptional species that are new to science.
Boeing 787

Boeing Earnings Preview: Airplane 'Mix' Less Profitable

Boeing, the largest U.S. airplane and defense manufacturer, is projected to report lower fourth-quarter earnings because the mix of aircraft delivered was less profitable and the year-earlier quarter saw a favorable tax settlement.
IBTimes Logo

Protests Intensify as Mortgage Settlement Nears

As state and federal officials near a deal with top banks to settle claims of foreclosure abuses, left-leaning activist groups have stepped up pressure on the officials to reach a deal that demands more from the banks.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.