Risky Loans Hurt Lender in Californiamore similar news »
Downey has been racked by the mortgage crisis and federal regulators ordered it to shore up its finances and provide a detailed plan to reduce its assets and strengthen management.
Stocks Withstand Jump in Jobless Ratemore similar news »
Wall Street managed a slight gain on Friday, a day after concerns about the economy, and in particular the labor market, sent the Dow plunging. Markets in Europe and Asia ended the day lower.
Boeing and Union to Resume Talksmore similar news »
As officials of the Machinists Union and Boeing prepared to resume negotiations on Friday, the union assured workers that a failure to reach a deal by early Saturday would guarantee a strike.
British Companies Emigrating Over Taxesmore similar news »
In the past week, three British companies have announced plans to move abroad before the end of the year, unhappy about a lack of clarity about tax rules and eager to cut their tax bill.
Main Bank of China Is in Need of Capitalmore similar news »
China’s central bank is in a bind, after snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac over the last seven years.
New York Plans to Sue Student Loan Companymore similar news »
The attorney general is preparing a lawsuit against Goal Financial, charging that the lender broke laws by luring borrowers with cash and gifts and that it misled consumers about loan terms.
