A federal judge on Wednesday ordered Bank of America Corp (BAC.N) to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp. U.S. District Judge Jed Rakoff in Manhattan ruled after a jury last October found the second-largest U.S. bank liable for…Reuters
General Electric Co. (NYSE: GE) spinoff Synchrony Financial priced its initial public offering of 125 million shares at $23 at the bottom of the expected range of $23 to $26 a share. At that price gross ...24/7 Wall St.
Rebecca Mairone, a mid-level Countrywide executive in a hurry in 2007 and 2008, will pay the government $1 million and face a public shaming that may be difficult to overcome.TheStreet.com
The expected iPhone 6 and iWatch may not be the only big things down the pike for Apple.CNBC: Talking Numbers
Qihoo 360 (QIHU) is falling after-hours Wednesday after announcing a $900 million convertible offering.TheStreet.com
These are the top analyst upgrades, downgrades and initiations from Wall Street firms for Tuesday, July 29, 2014. They include AcelRx, Alcoa, Costco, Lululemon, Walmart and Trulia.24/7 Wall St.
U.S. mobile phone users have likely paid hundreds of millions of dollars in unauthorized charges "crammed" onto their bills, according to a report released by the U.S. Senate Commerce Committee on Wednesday ahead of a hearing on the subject. "Some carrier policies allowed vendors to continue…Reuters
JACKSON, Miss. (AP) — A federal appeals court panel has ruled that a Mississippi law that would close the state's only abortion clinic is unconstitutional.The three-judge panel of the 5th U.S. Circuit Court of Appeals issued its ruling Tuesday in a case involving the state's 2012 law, which…Huffington Post
Two years before Mike Vick became known as a dogfighter, he was sued for giving a woman herpes. The case introduced the football-following world to Ron Mexico, the alias Vick allegedly used when seeking treatment. Now, Steelers defensive lineman Cam Thomas faces a similar lawsuit. Without the…ProFootball Talk on NBC Sports
A woman filed a lawsuit against a former San Diego Chargers defensive lineman claiming he spread herpes to her and was physically abusive.KSWB - San Diego
BRIDGEPORT, Conn. (AP) — A minor league baseball player hit by former major leaguer Jose Offerman in a 2007 baseball bat attack won nearly $1 million in a lawsuit on Tuesday, an attorney said.Associated Press
Samsung Electronics has released its financial results for the second quarter of 2014, showing the first drop in net profit in three years for the Korean electronics giant, and a slowdown in its smartphone sales. The new figures mean Samsung's operating profit has dropped almost 25 percent from the…The Verge
TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.Associated Press
Every night, about 30 tractors loaded with coal arrive at the edge of a forest in eastern India. Stolen coal from Coal India Ltd. (COAL) ’s mines and other quarries may reach as much as 60 million metric tons a year, about 13 percent of the annual output for the world’s biggest producer, according…Bloomberg
This week is the apex of earnings season, and we have the big three oil giants on deck to report: Exxon Mobil, Chevron and ConocoPhillips.24/7 Wall St.
UPDATE: SEC Investigating DreamWorks Animation Writedown On ‘Turbo’; Shares Fall After Q2 Earnings Miss
UPDATE: DreamWorks Animation just disclosed the SEC investigation in its conference call with analysts and says it’s cooperating. The company took a $13.5M writedown on Turbo in February. DWA told analysts that it won’t comment further on the matter. Shares were down 8.2% after the news; if that…Deadline.com
Porsche Automobil Holding SE, facing lawsuits seeking a combined 5 billion euros ($6.7 billion) over its aborted takeover of Volkswagen AG, scored its fourth German victory in the battle. The Braunschweig Regional Court today dismissed a suit by a private investor seeking about 132,000 euros. A…Bloomberg