Ally to pay $2.1 billion to settle claims tied to ResCapBy Tom Hals (Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount … More »Ally to pay $2.1 billion to settle claims tied to ResCap
By Tom Hals (Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. Ally hopes the deal will finally end allegations that ResCap was stripped …
Obama's Commerce pick Pritzker faces scrutiny over ties to failed thrift, offshore tax havenWASHINGTON - President Barack Obama's nominee for secretary of commerce is facing scrutiny in the Senate for her ties to a subprime mortgage lender that failed in 2001 and as a beneficiary … More »Obama's Commerce pick Pritzker faces scrutiny over ties to failed thrift, offshore tax haven
WASHINGTON - President Barack Obama's nominee for secretary of commerce is facing scrutiny in the Senate for her ties to a subprime mortgage lender that failed in 2001 and as a beneficiary of family offshore trusts in the Bahamas.
TORONTO - The Canadian dollar headed higher Thursday despite weaker-than-expected manufacturing data from China.
WASHINGTON - U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.
NEW YORK, N.Y. - Ralph Lauren Corp. reported a 35 per cent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.
TORONTO - TD Bank Group (TSX:TD) reported a second-quarter profit of more than $1.7 billion and growth in most of its major sectors, including its main Canadian and U.S. banking operations.
NEW YORK, N.Y. - Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.
OTTAWA - A Japanese-based forestry company has won a long-running tax battle with Ottawa over how reforestation obligations should be handled when harvest rights are sold.
Canadian households are on the verge of financial ruin. We’re up to our eyeballs in debt, and even our …
