Fox Business - The Power to Prosper
Search Site

Berkshire Hathaway Shareholders Conference

Related Topics

  1. Berkshire Hathaway
  2. Warren Buffett
  3. Charles Munger
  4. Debt Downgrade
  5. Warren Buffett's Secretary
  6. William R. Johnson
Get updates on Berkshire Hathaway Shareholders Conference
Ally Financial to Pay $2.1 Billion in Settlement With ResCap, Creditors

Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout.The amount is $1.35 billion more than what Ally previously offered to pay to fend off ResCap creditors trying to hold the government-owned lender responsible for billions of dollars of the mortgage subsidiary's liabilities.But the deal would give Ally a legal release from nearly all of those issues, which have cast a shadow over the company's efforts to repay the $17.2 billion government bailout it received during the financial crisis and focus on its core auto-lending and online-banking businesses."If I look through the lens of 'Did we do anything wrong for which we should pay money,' the answer for this is we hugely overpaid," Ally Chief Executive Michael Carpenter said in an interview Thursday, referring to the settlement. "If I look th...

Read More ›

  1. Ex-Goldman Executive Gupta to Have Appeal Heard

    Former Goldman Sachs Group Inc. (GS) director Rajat Gupta, in a bid to stay out of prison, is expected to ask a federal appeals court Tuesday to set aside his inside...

  2. Boulder Income Fund is my Berkshire proxy trade

    By James RobertsMy Stockdiagnostics model has 14 positions and about 12% cash as of April 30, 2013. Two of the 14 positions are what I term multi-industry investment...

  3. Rating for Buffett's Berkshire cut by S&P

    Warren Buffett's Berkshire Hathaway Inc had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire...

  4. MARKET SNAPSHOT: U.S. Stocks In Mild Retreat From Record Highs

    U.S. stocks wobbled on Thursday as any attempt at a selloff only served to lure in sidelined retail investors."We've had very few down days, or they are shallow down...

  5. MARKET SNAPSHOT: Cisco's Big Gain Underpins U.S. Stocks

    U.S. stocks wobbled on Thursday as any attempt at a selloff only served to lure in sidelined retail investors."We've had very few down days, or they are shallow down...

  6. JP Morgan names Cristerna, Ventresca co-heads of global M&A: memo

    JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A), according to a memo see...

  7. MARKET SNAPSHOT: U.S. Stocks Little Moved, But Cisco Rallies

    U.S. stocks wobbled on Thursday as a midmorning selloff lured in sidelined retail investors."There is still a lot of money out there that needs to find a home. The g...

  8. S&P Cuts Berkshire Hathaway Rating to 'AA'

    Standard & Poor's downgraded Berkshire Hathaway's (NYSE:BRKA) credit rating on Thursday by one notch, citing concerns about the Warren Buffett-run conglomerate's dep...

  9. S&P cuts Berkshire Hathaway rating one notch to 'AA'

    Credit-rating agency Standard & Poor's on Thursday cut its rating on Berkshire Hathaway Inc , the insurance and industrial conglomerate controlled by billionaire inv...

  10. S&P Cuts Rating on Berkshire Hathaway

    Standard and Poor's Ratings Service has cut its rating on Berkshire Hathaway Inc. (BRKA, BRKB) by one notch, citing the company's dependence on its core insurance op...

  11. U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH

    Among the companies with shares expected to actively trade in Thursday's session are Cisco Systems Inc. (CSCO), Wal-Mart Stores Inc. (WMT) and Kohl's Corp. (KSS).Cis...

  12. S&P cuts Berkshire Hathaway rating by one notch to 'AA'

    Credit rating agency Standard & Poor's on Thursday cut its rating on Berkshire Hathaway Inc , the insurance and industrial conglomerate controlled by billionaire inv...

  1. Ally to pay $2.1 billion to settle claims tied to ResCap

    Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initi...

  2. Ally Financial in $2.1 Billion Settlement With ResCap, Creditors

    Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last we...

  3. Ally to pay $2.1 billion to settle ResCap litigation

    Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets.The deal...

  4. Ally in $2.1 Billion Settlement with ResCap, Creditors

    Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last we...

  5. Berkshire Seeks ResCap, Ally Financial Report

    Berkshire Hathaway Inc. (BRKA) wants an independent examiner's report on dealings between mortgage company Residential Capital LLC and its government-owned parent Al...

  6. Paying CEOs for What Performance?

    America's boards of directors are transfixed on a myth, says Michael Dorff, a professor at Southwestern Law School in Los Angeles.They think they are paying their ch...

  7. U.S. court studies wiretaps in ex-Goldman director's insider case

    Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used b...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Berkshire Hathaway Shareholders Conference on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL