Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single ...Los Angeles Times15 mins ago
Attorney General Holder calls settlement with bank a "historic resolution."USA TODAY18 mins ago
WASHINGTON (AP) — Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, but not by a full $17 billion.Associated Press
Bank of America agreed to pay a record $16.65bn in cash and consumer relief to US authorities to resolve allegations that the bank misled investors in mortgage-backed securities, marking a milestone in ...Financial Times34 mins ago
NYC based agency KBS (kirshenbaum bond senecal + partners) has acquired a majority stake in Albion, an integrated marketing agency based in London. Normally we would pass over such news as irrelevant to the tech scene, but KBS operates a venture arm which invests in startups. As a result of the…TechCrunch40 mins ago
The parent of Kmart and Sears reports a wider loss and another drop in revenue.USA TODAY43 mins ago
FeeX, a service that helps users find and avoid hidden fees in their retirement accounts, announced today that it has raised $6.5 million in Series B funding. The round was led by Horizons Ventures, with participation by returning investor Blumberg Capital. This brings FeeX’s total funding so far…TechCrunch58 mins ago
Sears, Hewlett-Packard, Dollar Tree, Dollar General, Family Dollar, Hormel Foods and UPS are among the stocks the Yahoo Finance will be watching for you today.Hot Stock Minute
Li & Fung, the supplier of made-in-Asia goods to the likes of Marks and Spencer and Walmart, has placed a question mark over the prospect of global economic recovery with underwhelming results, its first ...Financial Times
WillCall is a pretty concert app, but its weakness was a lack of deals with venues to get tickets to sell. Well no more, as today it was acquired by Ticketfly, the second-biggest concert ticket seller in America, which has relationships with thousands of venues. Ticketfly will keep WillCall running…TechCrunch
A mobile app for events and conferences, DoubleDutch announced the raise of $19 million in Series D funding this morning. Led by Mithril Capital Management with participation from Bessemer, Index, and Bullpen Capital, the new cash is intended to help expand DoubleDutch’s global reach, build out…TechCrunch
Dollar Tree reported disappointing second-quarter fiscal 2015 results before markets opened Thursday morning.24/7 Wall St.
Some developments around the class action suit filed against Facebook in Europe earlier this month over alleged privacy violations: the Austria-based Europe vs Facebook group organising the suit says that the Vienna Regional Court, where the suit was filed, has reviewed the case and has now given…TechCrunch
Costain has reported a record order book and strong growth in interim revenues and profits that it says vindicates its strategy of targeting big customers addressing the UK's infrastructure, water and ...Financial Times
With its latest L-series devices, LG is sticking to its script of building low-spec devices that retain some of the design cues, features and software of its higher-end handsets. Like earlier models, both ...Engadget
Sears Holdings reported a deeper-than-expected second-quarter 2014 net loss before markets opened on Thursday. Collapsing sales of consumer electronics dragged on same-store sales.24/7 Wall St.
Alfresco, an open source, enterprise content management startup, is today announcing a new round of funding of $45 million — a Series D round that is more than twice as big as all of its previous rounds put together.The UK-based company competes against legacy services like Documentum (which was…TechCrunch
58.com reported better-than-expected second-quarter 2014 results after markets closed Wednesday evening. But third-quarter revenue guidance was well below the consensus estimate.24/7 Wall St.
Xamarin, the popular service for building cross-platform native applications, today announced that it has raised a $54 million Series C round led by a combination of new and existing investors. As far as we are aware, that’s the largest round ever raised by a mobile app development platform.The…TechCrunch
Apple split its shares, and Google split its, although in a different fashion. In the stock price increase war since the events, Apple has won handily.24/7 Wall St.