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Bank of America Shares Fall Amid Legal,Capital Woes

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.

Prosecutors Tell NY Judge to Drop Strauss-Kahn Case

Combo of former International Monetary Fund Chief Dominique Strauss-Kahn (L) and Nafissatou Diallo(R)
New York prosecutors asked a judge to dismiss sexual assault charges against former IMF chief Dominique Strauss-Kahn on Monday, a stunning reversal that could revive the political future of a man many had seen as the next president of France.
Pedestrians are reflected in the window as customers conduct transactions at a Bank of America ATM in Washington

Judge Allows Intervention in BofA $8.5 Billion Pact

A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp's proposed $8.5 billion settlement with investors who lost money on mortgage-backed securities.
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Rebel fighters celebrate after taking partial control of the coastal town of Zawiyah,

Gaddafi Hunted as Loyalists Fight on in Tripoli

Muammar Gaddafi was a hunted man on Monday as loyal remnants of his forces made last-ditch stands in the capital while world leaders rushed to embrace the fractious rebel movement as new masters of Libya's oil riches.
Former New York governor Spitzer speaks at the Reuters Global Financial Regulation Summit in New York

Spitzer Sued for Libel Over His Slate Column

Former New York Governor Eliot Spitzer was hit with two libel lawsuits seeking $90 million by former Marsh & McLennan Cos executives over a column posted on Slate.com about an insurance bid-rigging scandal.
Former IMF Director Dominique Strauss-Kahn

New York Prosecutors Set to Drop Strauss-Kahn Case

Prosecutors on Monday appeared set to drop sexual assault charges against former IMF director Dominique Strauss-Kahn, a stunning reversal in the case against a man who many had seen as the next president of France.
File photograph of Libyan leader Moammar Gadhafi gesturing from a car in the compound of Bab Al Azizia in Tripoli

Where is Moammar Gadhafi?

After six months of battling with Moammar Gadhafi's forces, Libyan rebels finally broke through on Monday, capturing 95 percent of Tripoli and many key members of Gadhafi's circle, including two of his sons. But the big question remains - where in the world is Moammar Gadhafi?
Rebel fighters celebrate after taking partial control of the coastal town of Zawiyah,

Rebels Hold Most of Tripoli, Gaddafi Out of sight

Libyan government tanks and snipers put up scattered, last-ditch resistance in Tripoli on Monday after rebels swept into the heart of the capital, cheered on by crowds hailing the end of Muammar Gaddafi's 42 years in power.
Members of the Libyan community in Tunisia gather outside the Libyan Embassy in Tunis

Gaddafi's Tanks Open Fire in Tripoli

Libyan government tanks shelled parts of central Tripoli Monday after rebels swept into the heart of the city and crowds took to the streets to celebrate the expected downfall of Muammar Gaddafi.
Libyan rebel fighters celebrate after taking partial control of the coastal town of Zawiyah

Gadhafi's Whereabouts Unknown, Sons Captured as Regime Totters on Edge

Even as Libyan dictator Moammar Gadhafi's grip on the country was slipping fast with rebels making headway into the center of Tripoli and international pressure on the four-decade ruler to step down reached its zenith, there are reports that Gadhafi's son Seif Al-Islam has been captured by the rebels while another son, Mohammed, has surrendered.
Rebellions Capture Libyan Capital, Has Gaddafi Fled?

Gaddafi Forces Fighting Back in Tripoli

Rebel fighters swept into the heart of Tripoli Sunday night and crowds took to the streets to celebrate the impending fall of Muammar Gaddafi, but the dictator's loyalists were reported fighting back as dawn broke Monday.

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