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Ally Financial Inc's proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired.Ally agreed to the settlement last month to end allegations it stripped ResCap of choice assets including the online lender, Ally Bank, before dumping the business into bankruptcy, which left creditors empty-handed."The court respectfully should stop this runaway train in its tracks and address fundamental defects in what mounts to a pre-approved plan of reorganization that violates basic tenets of law and is unconformable," said Syncora Guarantee Inc, in the fiercest objection.Syncora insured some of the mortgage-backed bonds issued by units of ResCap, which have fallen sharply in value, and it objected for a variety of reasons. Syncora alleged that ResCap did not explain how it decided to split money from the Ally settlement among different bond i...
Same-sex couples often jump through legal hoops when dealing with their joint finances -- and owning real estate is no exception. If the Supreme Court strikes down t...
Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank could begin scaling back its easy money stimulus policies – namely its $85 billion a month...
A federal judge on Wednesday limited the extent to which former Goldman Sachs Group Inc vice president Fabrice Tourre can argue that he was acting on the advice of c...
As airplane makers gathered outside Paris to show off their newest high-tech jetliners on Monday, a less-heralded technology story was unfolding back home on the fac...
From their roots in spying and stealth military attacks, unmanned planes are spreading into the civilian sphere and could soon be put to work in tasks as diverse as ...
Several former Bank of America (NYSE:BAC) employees filed declarations in a federal court last week claiming the mortgage lender told them to lie to customers seekin...
Space Exploration Technologies is not among the 2,200 companies exhibiting at the Paris Airshow, but its cut-rate Falcon rocket, which has already shaken up the U.S....
As arrival time nears for major components of President Barack Obama's historic health care overhaul, polls continue to show a sharp divide in public sentiment about...
U.S. arms makers see rising foreign demand for fighter jets, missile defense systems and other weapons as countries modernize their forces and U.S. officials, facing...
Talks between the Greek government and officials from the country's so-called troika of international lenders -- the European Commission, International Monetary Fund...
Emerging markets dividends offer investors added compensation for the elevated risk and volatility that come with investing in the developing world.However, emerging...
Despite all the challenges small businesses have faced in the past five years, seven out of ten of entrepreneurs would start their businesses all over again. Not only that, almost half of all Americans are haboring entrepreneurial dreams of their own.
St. Louis announces a five-year, $100-million initiative to fund entrepreneurs and startups, in an effort to bring jobs and innovation to the region.
Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US...
The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the progr...
Exchange-traded funds of home-builder-related stocks steepened Wednesday as Federal Reserve Chairman Ben Bernanke spoke at a press conference. Down about 0.7% ahead ...
Gold futures extended losses in electronic trade while the U.S. dollar strengthened after Federal Reserve Chairman Ben Bernanke told reporters that the central bank ...
Manufacturing reps are on Capitol Hill for Small Business Week sounding off on high taxes and regulatory tape.
Many people believe they don't need estate planning because they think they don't have an estate. Or they think the value of their estate is not great enough to caus...
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