US District Judge Jed Rakoff had set a hearing on the issues and a date for his rulings by December on the civil case against Countrywide Financial Corp's defective loan transactions with Fannie Mae and Freddie Mac.
United States
Massachusetts state pension fund ranks first in private equity investment returns- study
The state pension fund of Massachusetts ranked the first in private equity investments, according to a report from the Private Equity Growth Capital Council.
HP looks for buyers of mobile patents-sources
Sources said Silicon Valley computer maker Hewlett-Packard was looking for buyers for its mobile computing patents.
Radian Group files case against former worker for giving trade secrets to Arch Capital Group
Radian Group filed a case against former account manager Rhiannon Bolen for giving confidential data to Arch Capital Group.
E*Trade Financial divests market-making unit to Susquehanna International Group
E*Trade Financial would be selling G1 Execution Services unit for USD 75 million. E*Trade Financial Corp would be selling market-making arm G1 Execution Services to Susquehanna International Group in a deal worth USD 75 million.
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The US Navy sold the USS Forrestal to All Star Metals for one cent. Texas-based shipbreaker All Star Metals purchased the decommissioned USS Forrestal for one cent.
Reser's Fine Foods issued a recall of 109,000 refrigerated products for Listeria monocytogenes contamination.
As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.
Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.
The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
Shares of Safeway Inc increased by almost 9% after buyout reports started to circulate. Shares of supermarket chain Safeway Inc increased after reports that a private equity firm-led buyout was in the works.
Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
American Realty Capital Properties said it would be buying Cole Real Estate Investments in a cash or stock deal worth USD11.2 billion.
A regulatory filing revealed that social networking service for film enthusiasts Mubi received a new USD5.1 million investment from unnamed investors.
