* Approximately $2.6 Billion in Writedowns From Improvement in Company Credit Spreads * Terminating Government Guarantee Term Sheet Costs $402 Million * Merrill Lynch Platform Continues to Boost Results * Extends $183.7 Billion in Credit in the Third Quarter *…

CHARLOTTE, N.C. -- Bank of America Corporation has signed a definitive agreement to sell First Republic Bank to a number of investors, led by First Republic's existing management, and including investment funds managed by Colony Capital, LLC and General Atlantic…

Phoenix, AZ A coalition of state and local business organizations, including The Arizona Economic Resource Organization (AERO), the Arizona Department of Commerce, Arizona Technology Council, Greater Phoenix Leadership, Southern Arizona Leadership Council, Flinn Foundation and Arizona venture capitalists, has retained…

WASHINGTON With the deadline quickly approaching, the Internal Revenue Service is reminding potential homebuyers they must complete their first-time home purchases before Dec. 1 to qualify for the special first-time homebuyer credit. The American Recovery and Reinvestment Act extended the…

As BP continues to focus its wind business on its major development portfolio in the US, it announced the sale of its wind power interests in India. Green Infra Limited has purchased BP's subsidiary, BP Energy India Private Limited (BPEIPL),…

"Goldilocks" Back in Town - Slow but Sustainable Recovery in Sight NEW YORK and LONDON -- Investors' optimism consolidated last month after its surge in August, with portfolio managers reassessing their positions to gradually embrace the current global economic recovery,…

Washington, DC The U.S. Commodity Futures Trading Commission (CFTC) has sued Schaumburg, Illinois-based Maize Capital Management, LLC (Maize Capital) and its chief operating officer Scott M. Ross, for solicitation fraud and issuing false statements involving a $6 million commodity pool.…

Washington, D.C.Rasheeda M. Canty, a former mortgage broker, pled guilty today to engaging in an extensive mortgage fraud scheme involving properties in the District of Columbia and Maryland. Canty, 35, of Upper Marlboro, Maryland, entered her plea at a hearing…

The Federal Trade Commission has put a stop to a deceptive foreclosure "rescue" operation that charged homeowners $1,200 based on the false promise that it could save them from losing their homes. The operators of the business are barred from…

Intended to improve the disclosures consumers receive in connection with closed-end mortgages and home-equity lines of credit The Federal Reserve Board on Thursday proposed significant changes to Regulation Z (Truth in Lending) intended to improve the disclosures consumers receive in…

TUCSON, Arizona -- The U.S. Army selected the Raytheon Company (NYSE: RTN)-Lockheed Martin (NYSE: LMT) Javelin Joint Venture to provide life-cycle contract support for the Javelin anti-tank missile and command launch unit. The five-year $298.6 million contract has a fiscal…

In June 2009, 11,820 resale homes recorded as being sold, while there were 9,980 recorded sales in May and 7,840 sales for a year ago. Foreclosure activity in June 2009 represented 34 percent (4,060 transactions), while there were 7,760 traditional…