Goldman Sachs To Shell Out $3.15B In Settlement Over Mortgage Bonds
Goldman Sachs Group Inc (NYSE:GS), one of the largest investment banks in the United States, said on Friday that it will pay $3.15 billion to buy back low-quality mortgage bonds it had sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis. The Federal Housing Finance Agency,... read more »
Amazon readying an attack on Google’s advertising business
NEW YORK: US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the Wall Street Journal said Friday, citing sources familiar with the matter. Amazon is developing its own program to target ads using the information it gathers about the... read more »
Iconic US brand GAP comes to India through Arvind franchise
US apparel retailer GAP has entered India through a franchise agreement with Arvind Lifestyle Brands, a unit of textile and retail major Arvind. About 40 stores will be opened in the next five years and Arvind expects Rs 1,000 crore worth of business opportunity from the venture. “For many years,... read more »
Sebi tells PACL to refund Rs 49,100 crore to investors
In the biggest-ever crackdown on large-scale illicit money pooling schemes and a case that dwarfs the clampdown on Sahara, market regulator Sebi has asked PACL (formerly Pearls Agrotech Corporation) to refund Rs 49,100 crore to investors within three months. Sebi has also ordered the immediate... read more »
Bank of America Expected to Settle Huge Mortgage Case for $16.65 Billion
The Justice Department is poised to announce a $16.65 billion settlement with Bank of America over accusations that it duped investors into buying toxic mortgage securities, say people... read more »
Clashes Erupt as Liberia Sets an Ebola Quarantine
MONROVIA, Liberia — Soldiers and police officers in riot gear blocked the roads. Even the waterfront was cordoned off, with the coast guard stopping residents from setting out in canoes.... read more »
Congress CMs wary of sharing dais with PM Narendra Modi
NEW DELHI: Shaken by the booing of their Haryana counterpart Bhupinder Singh Hooda on Tuesday, Congress chief ministers are wary of sharing the dais with Prime Minister Narendra Modi in... read more »
Palestine Must be Firmed as a Sovereign State by UN
The Gaza Strip is the “weeping shore” of our times. It is just a 45-km-long and 5-12 km-wide piece of land crammed with people from the lower income group, living as permanent refugees... read more »
The Real “Dirty Wars” in the Horn of Africa
When award winning journalist Jeremy Scahill landed at Mogadishu’s International Airport in the summer of 2011 Somalia was in the midst of its worst drought and famine in 60 years. Yet when Mr.... read more »
