Bank of America to Pay $131.8 Million Penalty in C.D.O. Deals
12 Dec 2013, 3:14 pm
The settlement stems from a Securities and Exchange Commission investigation into the structuring and sale of two complex mortgage securities that the bank's Merrill Lynch division sold to investors prior to the financial crisis.
The regulator has settled with GLG Partners after it accused the fund of improperly valuing its investment in a Siberian coal mining company, a move that allowed it to pocket inflated fee revenue of $7.8 million.
Now that Ziggo, the Dutch cable group, has conceded a willingness to sell to Liberty, its task is to get full value from a weak position.
Wireless companies cave to allow cellphone unlocking, but only on their terms
Say you're fed up with your current wireless carrier, and you want to switch. What's more, you'd like to take your mobile device with you. Thanks to a weird wrinkle in copyright law, if your phone was purchased after Jan. 26, 2013, you can't — it's against the law. This new rule against cellph
In 2004, Grand Theft Auto: San Andreas was a major hit. It sold millions of copies and was Metacritic's "Game of the Year," where it still has a 95 reviewer rating. Now, for $6.99, you can play it on iOS devices, with Android and Windows Phone versions expected shortly. San Andreas isn't the first G
Facebook showed off new features for Instragram Thursday, revealing private sharing features and "the extent of its Snapchat envy," as Scott Marlin and USA Today put it. Instagram Direct is widely perceived as a response to Snapchat, which allows users to send their friends photos that disappear aft
Later today, the Federal Communications Commission is going to vote on whether to strike a rule banning the use of cellular services on airplanes. When the idea was first announced, it drew immediate criticism from people who worried that flights were soon going to be filled with chatty passengers.
FCC votes 3-2 to lift technical ban on in-flight cellphone use
(Credit: CNET UK) The Federal Communications Commission took the first step toward removing regulations that ban phone calls while in flight. But FCC Chairman Tom Wheeler emphasized that the Department of Transportation, which oversees the Federal Aviation Administration, will have the final say.
You'll no longer be seeing this notification by default in Gmail, thanks to the implementation of proxy servers for image attachments. (Credit: Screenshot by Seth Rosenblatt/CNET) Before the dark times of drive-by malware, attached images would show in their e-mail. That practice went away as e-
With a pint jar, some miniature trees, a tiny Tardis, and glitter, you can make your own Doctor Who diorama. (Credit: Amy Ratcliffe) It was an ordinary pint jar. Now it's a wintry scene fit for a Time Lord. How did it get from Point A to Point Geeky? Geek With Curves blogger Amy Ratcliffe expla
Aereo's arrays of dime-sized antennae. (Credit: Aereo) Aereo on Thursday said it will not oppose broadcast television companies' petition for the US Supreme Court to rule on the legality of the online service that streams over-the-air programming. "While the law is clear and the Second Circui