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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.
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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.
Lilia Blandin was stabbed to death by her husband in the middle of a Wal-Mart, but the store refused to close afterwards.

CalSTRS Sues Wal-Mart Over Mexico Bribery Allegations

The California State Teachers' Retirement System (CalSTRS) is suing Wal-Mart Stores Inc. (NYSE: WMT), accusing leaders of the world's biggest retailer of not upholding the best interest of shareholders by quashing an investigation of bribery of public officials by its Mexican subsidiary.
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Daniel Chong Forgotten In DEA Cell: Lawyer Files $20M Lawsuit Claiming His Client Was Subjected to ?Torture?

A UC San Diego student, who was forgotten by the DEA in a cell for five days without food, water or any human contact, has filed a $20 million lawsuit against federal drug officials saying he suffered kidney failure. Daniel Chong's attorney Eugene Iredale has sent a five-page demand notice to the Drug Enforcement Administration's (DEA) general counsel, the San Diego Union-Tribune reported.
ConocoPhillips

ConocoPhillips Fined $257M For Chinese Oil Spill

Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.

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