Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners, government officials announced Thursday.
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.
The announcement caps more than a year of chaotic negotiations among state and federal officials, and the banks, who have been accused of using robosigners and unlawful documentation to deal with a flood of foreclosures.
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
Investors jumped on Facebook's regulatory filings on Wednesday for a glimpse into the company's inner workings ahead of one of the hottest initial public offerings in recent history. But there are also potential downsides.
Following the release of the most detailed sightings of uncontacted Indians ever recorded on camera by the advocacy group Survival International on Tuesday, the Peruvian authorities reported that the same tribe members (Mashco-Piro) had killed the tribal guide who was with the archaeologist who captured the photographs.
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.
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.
Planned changes to Google Inc's privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used.
Russia wants to mediate talks between the Syrian government and protestors, inviting both parties to informal negotiations in Moscow on Monday.
Apple Inc.'s late co-founder, Steve Jobs, apparently e-mailed former Google Chief Executive Officer (CEO) Erich Schmidt in 2007, asking him to stop trying to hire an Apple engineer, a court filing revealed on Friday.
There was no let-up in violence on Friday, when anti-Assad protests again erupted after weekly Muslim prayers.
Costa is offering the passengers who were aboard the Concordia when the cruise ship sank an 11,000 euro ($14,500) compensation package, which, when totaled, will bring a significant loss to the cruising company.
Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up bill.
Obama Administration's efforts to kickstart peace talks with the Taliban are underway but the hard-core Islamist group may find it difficult to accept some of the tough conditons laid out by Washington.
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.
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.
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.
About fifty police officers escorted the two politicians to safety.
Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy meeting on Wednesday.
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.
The Pinheirinho squatter camp became a home to thousands of people, and even had its own church and shops.
