Merrill Lynch has agreed to pay $315 million to settle a class action filed against it on behalf of investors in 18 mortgage-backed securities trusts, according to Reuters.
Detroit plans to cut 1,000 positions by February 25, 2012 as part of its fiscal action to help the city deal with its budget crisis, Mayor Dave Bing announced Friday. The layoff notices will be delivered to employees beginning the week of December 5, 2011.
In the wake of the international Day of Action, the quandary that faces Occupy Wall Street--and by default the rest of the world--is, what exactly comes next?
More than 150,000 New York City public school students could be taking public transit to school for the first time if the local school bus union follows through on a plan to strike immediately.
The sweat lodge using self-help guru who has been found guilty of three counts of negligent homicide will learn his sentence today, according to the Associated Press.
A bipartisan bill to combat online piracy is running into bipartisan opposition over the broad language in the Stop Online Piracy Act, or SOPA.
Former Philippine President Gloria Macapagal Arroyo was arrested on Friday for electoral fraud, which carries a life sentence, at a Manila hospital, preventing her departure from the country to seek medical treatment.
Dusetree Taylor was transferred from an upstate prison to Rikers Island earlier this month to attend a hearing. However, he was viciously assaulted while in prison and ended up in the hospital
Con Ed is seeking to evict the developer of the controversial Ground Zero Mosque, Sharif El-Gamal for neglecting to pay his rent.
A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation on Friday for advising wealthy Americans on ways to hide their money from U.S. tax authorities.
The mother of actor Hugh Grant's baby daughter has won an injunction from London's High Court prohibiting harassment of her and the child after she said paparazzi had made her life unbearable.
The man known as the Riverside Rapist has been sentenced to 20 years in prison. A self-proclaimed womanizer, the homeless Hugues-Denver Akassy had told his victims he was an international journalist before he raped them.
Mitt Romney's presidential campaign says it was a standard practice for departing staffers in the Massachusetts governor's office to buy their state-issued hard drives and wipe e-mails from the office server. But officials from three previous gubernatorial administrations say that wasn't standard at all.
Angelina Jolie has been doing a humanitarian work for Cambodia for a decade and the Southeast Asian country granted her citizenship in 2005. However, a recent report says that Jolie accidentally purchased land from an official who was charged of crimes against humanity.
Stock index futures pointed to a slightly higher open for equities on Wall Street Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.2 to 0.3 percent.
A plan to sell Crystal Cathedral, a California mega-church known for its Hour of Power broadcasts, to a Roman Catholic diocese for $57.5 million was approved on Thursday by a U.S. bankruptcy judge.
A federal bankruptcy judge approved the sale of Crystal Cathedral Ministries to the Roman Catholic Diocese of Orange Thursday. The sale of the megachurch came after a bidding war between the diocese and Orange County's Chapman University.
More than a month after Sara Leal alleged that she slept with actor Ashton Kutcher, his wife Demi Moore has announced that she will be divorcing her husband of six years.
Labor unions and college students joined the Occupy Wall Street protesters for a massive end of the day rally on Thursday, capping a day in which the movement flexed its muscle despite having lost the ability to live in Zuccotti Park.
Acquaintances of Oscar Ramiro Ortega-Hernandez say that he needed to kill the anti-Christ President Barack Obama.
California's Supreme Court cleared the way on Thursday for supporters of the state's same-sex marriage ban to defend it in federal court, a crucial ruling that allows the pitched battle to decide if gay marriage is a U.S. right to go forward.
Cutbacks and fiscal belt-tightening have killed a cherished New York ritual that gave celebrities an out from jury duty, TheWrap has learned.
