Dec
08

Former IndyMac officers found liable for $168 million in negligent loans

Labels:
NEW YORK (Reuters) - Three former officers of IndyMac Bank FSB's homebuilder division were found liable by a jury on Friday for more than $168 million for negligently lending to developers who were unlikely to repay millions of dollars in loans. The Federal Deposit Insurance Corp brought a civil lawsuit against the officers in 2010 in its capacity as receiver for the now-defunct IndyMac. The agency...
Read More..

Chinese group in talks to buy AIG air lease arm

Labels:
HONG KONG/NEW YORK (Reuters) - A group of Chinese companies, including Industrial and Commercial Bank of China (ICBC), is in talks to buy nearly all of American International Group Inc's aircraft leasing unit for about $5.5 billion, AIG said on Friday. The deal is expected to be announced as soon as early next week, a source familiar with the matter said on condition of anonymity. AIG, which has...
Read More..

Dow, S&P rise on jobs, but Apple bites Nasdaq again

Labels:
NEW YORK (Reuters) - The Dow and the S&P 500 advanced modestly on Friday, though another sell-off in Apple depressed technology shares and kept the Nasdaq negative, overshadowing a sharply better-than-expected jobs report. Trading was light, continuing the week's trend of slight moves and anemic volume. The S&P 500 ended up a mere 0.1 percent for the week, following several volatile sessions...
Read More..

US consumer borrowing rises to record $2.75T

Labels:
WASHINGTON (AP) — Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion. Borrowing in the category that covers autos and...
Read More..

Why is Wall Street losing its appetite for Apple?

Labels:
SAN FRANCISCO (AP) — This holiday season is shaping up to be a record-breaking period for Apple as shoppers snap up iPhones and iPads. So, why is the world's most valuable company losing its luster with investors? Apple began selling the iPhone 5 on Sept. 21, the same day the company's stock hit an all-time peak of $705.07 per share. Since then, the stock has plunged nearly 25 percent, trimming the...
Read More..

Subscribe to: Posts (Atom)