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We are willing to take it in two instalments the first one on December 9 where $53M is to be paid,'' Sean Kinghorn said. Kinghorn said if the company fails to honour this request then there will be a petition in court for the action of winding up the
ET A federal judge approved Residential Capital LLC's settlement with the Federal Housing Finance Agency resolving billions of dollars in claims tied to mortgage-backed securities sold to mortgage finance firms Fannie Mae and Freddie Mac during the
The Carlyle Group said on Monday that it had raised its sixth fund dedicated to buyouts in the United States its first such fund since the dark days of 2008...Malone, the chairman of Liberty Media, is working behind the scenes to gain control of Time
The idea of using eminent domain to fight foreclosures is gaining traction nationwide. Irvington, N.J., last week became the second city to say it's going to use the tactic...Cities including Chicago; Brockton, Mass.; and Yonkers, N.Y. have floated
Buying GeoSouthern's holdings in the Eagle Ford shale formation in southern Texas will bolster Devon's position in one of the most popular fields in recent years. A proposed overhaul of the corporate tax code, put forward by Senator Max Baucus,
JP Morgan has agreed to pay 4.5 billion dollars to investors for misrepresenting the asset quality of 330 residential mortgage-backed securities. According to the BBC, the bank has reached a deal with 21 major institutional investors, who lost money
The Corporate Affairs Ministry , which is in the process of preparing rules for the new companies legislation, is expected to send the final norms to the Law Ministry for approval this month. The Companies Act , 2013, replaces the nearly six decade
D Systems The company reported strong growth in earnings and revenues but guided next year's earnings' range lower even as it guided next year's revenue range higher. That is, the company is going to spend a lot of money on expanding its capacity and
If credit-challenged customers can prepay for a cell phone, why not electricity, too? That's a question being raised by Westar Energy, which is asking the state for permission to let some customers pay for their electricity before they use it.
Perhaps it's time those investors asked themselves: What's the nature of my exposure to these leveraged financial institutions?...Incidentally, $100 billion in assets is the informal threshold above which a financial institution earns the label of "