Financial Crisis Ybusiness

Bank Of America-Countrywide Settlement: Bank Will Pay $108 MILLION

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Financial Crisis @Y:Business, Bank-of-America-Settlement, Bank of America, Ftc, Countrywide Lawsuit, Countrywide Financial, Bank of America Bonuses, Bank of America Countrywide, Federal Trade Commission, Business News

WASHINGTON — Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two year...

Read Whole Story

Toyota's Tips: What To Do If Your Car Suddenly Accelerates

AP | By The Associated Press | Posted 05.25.2011

Read More: Brake Override, Ways to Stop Toyota, Toyota, Financial Crisis @Y:Business, Toyota Accelerator, Tips, Cars, Toyota Brakes, Toyota Recall, How to Stop a Toyota, Accelerator Problem, Business News

What should you do if your car suddenly accelerates? Here are three ways to stop the vehicle, according to Toyota: _ Step on the brake pedal with b...

Read Whole Story

Greek Nationwide Strike Protests Economic Injustice

wsj.com | Jeff Muskus | Posted 05.25.2011

Read More: Greece Strikes, Riots, Strike, Financial Crisis @Y:Business, Greece Strike, Greece Riots, Greek Strike, Greece Strikes Economy, Nationwide Strike, Greek Riots, National Strike, Greece, World News

ATHENS--Greek police clashed with youths in central Athens Wednesday as tens of thousands of people took to the streets in protest at the Socialist go...

Read Whole Story

Greece, Goldman Sachs 'Fooled' Investors By Not Disclosing Huge

bloomberg.com | Elisa Martinuzzi | Posted 05.25.2011

Read More: Greece Debt, Currency Swaps, Goldman Sachs Greece, Greek Debt Crisis, Financial Crisis @Y:Business, Derivatives, Business News

Feb. 17 (Bloomberg) -- Goldman Sachs Group Inc. managed $15 billion of bond sales for Greece after arranging a currency swap that allowed the governme...

Read Whole Story

Toyota Recall: How Toyota's US Workers Are Dealing With Down Time

McClatchy | Scott Sloan | Lexington Herald | Posted 05.25.2011

Read More: Toyota, Financial Crisis @Y:Business, Prius, Toyota Accelerator, Toyota Workers, Kentucky, Quality Circles, Toyota Plants, Toyota Recall, US, Toyota Brakes, Home News

Workers affected by the idling had the option of taking paid vacation or unpaid leave, but the vast majority came to work, with many taking training s...

Read Whole Story

Australian Author: The New J.K. Rowling?

The Wall Street Journal | DALYA ALBERGE | Posted 05.25.2011

Read More: J.K. Rowling, Australia, Rebecca James, Writers, Australian Author, Financial Crisis @Y:Business, New Author, Authors, Young Adult Books, Beautiful Malice, Ya-Books, Books, Harry Potter, Book Deals, Frankfurt Book Fair, Books News

In a success story reminiscent of Harry Potter author J.K. Rowling's, Ms. James is a mother and first-time author who is going from nothing to becomin...

Read Whole Story

Bank Of America Had Early White House Support On Merrill Lynch Deal

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011

Read More: White House, Documents, Financial Crisis @Y:Business, Economic Advisers, President Obama, Kevin Warsh, Bank of America, House Oversight and Government Reform Committee, Merrill Lynch Deal, Kenneth D. Lewis, Federal Reserve Chairman Ben Bernanke, Wall Street, Lawrence H. Summers, New York's Attorney General, Treasury Secretary Timothy F. Geithner, Joe Price, National Economic Council, Securities and Exchange Commission, Andrew Williams, Business News

Top economic advisers to President Obama signed off on a deal to protect Bank of America from losses incurred by its purchase of failed Wall Street fi...

Read Whole Story

The End Of Simon & Schuster's Teen Imprint

Crain's New York Business | Matthew Flamm | Posted 05.25.2011

Read More: Publishing, Books, Simon, Book Publishing, Simon & Schuster, Financial Crisis @Y:Business, Simon Spotlight, Books News

When Simon Spotlight Entertainment launched in the fall of 2004, it was hailed as an innovative attempt to target readers in their teens and early 20s...

Read Whole Story

As Question Of Reappointment Looms, Bernanke Defends The Fed's Handling Of Crisis, Says Economy Is 'Leveling Out'

washingtonpost.com | Neil Irwin | Posted 05.25.2011

Read More: Ben Bernanke Federal Reserve, Bernanke Reappointed, Federal Reserve, Financial Crisis @Y:Business, Bernanke, Business News

Federal Reserve Chairman Ben S. Bernanke rendered his most positive assessment of the economy yet in a speech Friday and gave credit in part to his ow...

Read Whole Story