ALAMEDA, Calif. (AP) — A 73-year-old man reported missing by his family faces a $113 million judgment from the Federal Trade Commission over a get-rich-quick scam. The Contra Costa Times reports court documents show the FTC sued John Nelson Beck, ...Read More »
ALBANY, N.Y. (AP) — Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday. The nationwide settlement, negotiated by the ...
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RALEIGH, N.C. (AP) — North Carolina remains in the small club of states with top marks when it comes to borrowing. State Treasurer Janet Cowell and Gov. Pat McCrory announced Thursday the nation’s three most prominent credit-rating agencies reaffirmed their triple-A ...
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WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far. Mortgage buyer Freddie Mac says the average rate ...Read More »
SAN FRANCISCO – Sister Mary Benedicte wants to focus on feeding the hungry lined up outside a soup kitchen in a gritty part of San Francisco. But the city’s booming economy means even seedy neighborhoods are demanding higher rents, threatening ...Read More »
GENEVA – The new CEO of Credit Suisse has proposed that its board make a “significant” cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts. The bank on Monday confirmed comments ...Read More »
VERNON, Texas (AP) — A billionaire sports mogul has purchased a Texas mega-ranch that has been operated by one family for nearly a century. The heirs of cattle baron W.T. Waggoner said Tuesday that a judge permitted the sale to ...Read More »
NEW YORK – Lumber Liquidators will pay more than $13 million for illegally importing hardwood flooring, after the company pleaded guilty to environmental crimes last year. The Department of Justice said that Lumber Liquidators made hardwood floors in China from ...
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