A Manhattan jury has held Bank of America liable for fraud related to bad loans its Countrywide Financial Corp. unit sold to Fannie Mae and Freddie Mac as the housing market soured.
The verdict was returned on Wednesday after several hours of deliberation in a month-long trial that focused on loans Countrywide completed in 2007 and 2008, as the housing crisis was already underway. Countrywide was acquired by Bank of America in 2008.
Originally published on Wed October 23, 2013 5:33 pm
Over the past week, two children were taken from Roma families in Ireland. Authorities said they suspected the blond-haired and blue-eyed children might had been abducted because they did not look like their parents.
Today, we get news that after a DNA test and other proof was presented to authorities, the boy and the girl are back with their biological parents.
Meanwhile, the Justice Minister Alan Shatter called for a report about how this happened.
Originally published on Wed October 23, 2013 5:45 pm
The U.S. Navy's first "supercarrier" is being sold for just 1 cent to a ship breaker.
The USS Forrestal, launched in 1954 and decommissioned in 1993, is the first of three conventional (non-nuclear) carriers due to be scrapped in the coming years. The Forrestal is best known for a devastating fire in 1967 that engulfed the ship's flight deck, killing 134 sailors and wounding 161 others.
Originally published on Wed October 23, 2013 5:14 pm
Boston Mayor Thomas Menino dropped another fly ball: On Tuesday, a day before the first game of the World Series, he mixed his sports references, proving once again that he is no sports fan.
"Tomorrow night, the never (say) die Red Sox, play in their third World Series in the last nine years," Menino said, according to The Boston Globe. "(We're) rooting hard to bring back the World Series Cup to Boston, like we did in 2004 and 2007."
Originally published on Wed October 23, 2013 4:55 pm
"Please Release Him."
That was the simple but startling front-page headline on Wednesday in New Express, a cutting-edge newspaper based in China's southern city of Guangzhou. "Him" is Chen Yongzhou, one of the paper's investigative journalists who New Express says was taken away by police after reporting "problems with the accounts" at Zoomlion Heavy Industries."