Tuesday, October 22, 2013
U.S. housing regulators are looking to fine Bank of America more than US$6 billion for its role in misleading mortgage agencies during the housing boom, compared with the US$4 billion to be paid by JPMorgan Chase & Co., the Financial Times reported on its website, citing people familiar with the matter.
Monday, October 21, 2013
Brazil's energy minister Saturday defended an auction of concessions in a vast offshore oil field, saying it did not mean the country's oil reserves were being privatized.
Sunday, October 20, 2013
JPMorgan Chase & Co has reached a tentative US$4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold them during the housing boom, according to a person familiar with the matter.
Friday, October 18, 2013
The Federal Reserve said economic growth slowed in a few key regions of the United States from September through early October, as businesses grew worried about a budget impasse that led to a partial government shutdown.
Canadian Prime Minister Stephen Harper plans to travel to Brussels on Thursday to conclude a free trade deal with the European Union.
Monday, October 14, 2013
Just before graduating from the University of Michigan, Calvin Schemanski began his startup.
Sunday, October 13, 2013
U.S. President Barack Obama on Saturday came out against a proposal to extend for just weeks the country's authority to borrow money as crisis talks with Republicans entered the 12th day.
Friday, October 11, 2013
Fidelity Investments, America's largest money market mutual fund manager, has sold all of its short-term U.S. government debt — the latest sign that investors are increasingly nervous about the possibility of a government default.
Brazil's Central Bank announced Wednesday it had raised by 0.5 percentage points the benchmark interest rate to 9.5 percent, in an expected move to fight rising inflation.
Thursday, October 10, 2013
Some older Samsung Electronics Co. smartphones and tablets could be taken off store shelves in the United States after the U.S. Trade Representative opted not to reverse a ban ordered because the devices infringe Apple Inc. patents.