Posted by Dale Buss on February 4, 2013 09:01 AM
Baltimore Ravens win the Super Bowl over the San Francisco 49ers, as critics and viewers evaluate Super Bowl commercials, and CBS deals with half-hour second-half blackout by honoring its high-priced ad units and advertisers take advantage of lull with social-media frenzy.
AB InBev faces familiar game plan in U.S. opposition to merger.
BP heads to next phase in Gulf spill litigation.
Bank of America faces fresh questions over Countrywide settlement.
Clearwire weighs merger offer from Dish Networks.
Coca-Cola uses Super Bowl campaign as springboard for year-long efforts.Continue reading...
Posted by Dale Buss on October 26, 2012 09:02 AM
Amazon swings to loss on aggressive spending on future growth, worries about Apple's iPad mini, while Apple disses Microsoft Surface tablet.
BBC sees dimensions of Jimmy Savile sex abuse scandal grow.
Bank of America still dealing with fallout from collapse of Countrywide.
Chanel benefits from buzz created by Brad Pitt campaign.
Cheesecake Factory bucks casual-dining traffic decline.
Chipotle considers once-forbidden veer toward fast-food platform.
Citigroup CEO exit reportedly was planned for months.Continue reading...
follow the money
Posted by Sheila Shayon on October 25, 2012 12:11 PM
Five years after the housing market crumbled, the U.S. government is still sorting out who to blame. The latest indictment is of Bank of America, the second-largest U.S. bank, now facing a $1 billion lawsuit for allegedly (along with predecessor Countrywide Financial) selling fraudulently approved loans to government-backed Fannie Mae and Freddie Mac.
The civil mortgage fraud suit was filed Wednesday by Preet Bharara, the U.S. attorney for the Southern District of New York, accusing Countrywide, acquired by BofA in 2008, of promoting “HSSL,” (High Speed Swim Lane), a.k.a. “the Hustle” (no, not that "Hustle") in order to eliminate quality checkpoints and push higher volumes of mortgages between 2007 and 2009.Continue reading...
in the spotlight
Posted by Barry Silverstein on October 19, 2011 02:10 PM
With the Occupy Wall Street movement now one month old and continuing to rattle workers in the financial industry around the world, a few big financial brands are being rattled independent of placard-carrying protesters in their midst.
Goldman Sachs lost $428 million in its latest quarterly earnings report, its second quarterly loss ever.
Citigroup has agreed to pay $285 million to settle SEC charges that it misled investors related to its mortgage businesses.
And Bank of America can't bank on being Number 1 anymore, as BofA cedes top spot to JPMorgan Chase this week.Continue reading...
Posted by Dale Buss on August 1, 2011 09:00 AM
Markets rally as Sunday night's U.S. debt limit deal goes before Congress for a vote today as Twitter explodes over deal.
Airbnb investor suggests ransacked woman is lying.
Al Jazeera English launches in New York.
Ambassador Coffee brand changes hands.
Apple wins dispute over iPods.com domain.
Bank of America hit with new Countrywide lawsuit.
Bloomberg Businessweek to hike paid circulation.Continue reading...
Posted by Shirley Brady on June 7, 2010 12:45 PM
Goldman Sachs, subpoenaed today by U.S. financial crisis panel, also reportedly preparing BP for the possibility of a takeover bid.
AT&T offers early upgrades ahead of new iPhone availability, raises eyebrows.
Chrysler recalls nearly 600,000 Jeep Wranglers and minivans.
Countrywide settles FTC charges for $108 million.
GM offers incentives on used vehicles.Continue reading...