WASHINGTON (AP) - Ocwen Financial Corp. will reduce struggling borrowers' loan balances by $2 billion in an agreement with federal regulators and 49 states over foreclosure abuses.
The Consumer Financial Protection Bureau and state attorneys general announced the deal Thursday with the Atlanta-
By BREE FOWLERAP Technology Writer
NEW YORK (AP) - With less than a week until Christmas, a real-life Grinch has stolen the credit and debit card information of about 40 million Target shoppers.
Target says anyone who made purchases by swiping cards at terminals in its U.S. stores between Nov. 27
By NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - It was arguably Russian President Vladimir Putin's biggest political decision of the year - the announcement that imprisoned tycoon Mikhail Khodorkovsky will be pardoned. Here's a look at Khodorkovsky, the implications of his imprisonment
DETROIT (AP) - Detroit's state-appointed emergency manager and new Mayor Mike Duggan are setting the ground rules for running the city after Duggan takes office next month.
Kevyn Orr's office said Thursday that Duggan will take on financial matters relating to day-to-day functions of city
By COREY WILLIAMSAssociated Press
DETROIT (AP) - The nearly 2,800 city-owned artworks at the Detroit Institute of Arts are worth $454 million to $867 million, with one masterpiece by Van Gogh worth up to $150 million, Christie's auction house says in a report released Thursday.
The New York-
NEW YORK (AP) - Stocks are slipping on Wall Street a day after hitting their latest record high.
Long-term interest rates and the dollar are rising after the Federal Reserve said it would reduce its bond purchases.
The Dow Jones industrial average was down 5 points, or 0.02 percent, to 16,164 as of
By Associated Press
BOGOTA, Colombia (AP) - Colombia's government is fining U.S.-based Drummond Co. almost $3.6 million for dumping tons of coal into the ocean at a Caribbean port.
Environment Minister Luz Helena Sarmiento said in a news conference Thursday that the Alabama-based
By Associated Press
HAVANA (AP) - Cuba says it's opening its automobile market by eliminating a special permit that strictly limited the number of people allowed to buy vehicles from the state.
The government has a monopoly on the sale of imported new and used vehicles, and has required
ATHENS, Greece (AP) - Greece hasn't seen many demonstrations in favor of privatization during its acute four-year financial crisis, but jockeys are keen to be rid of a state-run agency that controls racetrack betting, and they rode their horses into central Athens to make their point.
BRUSSELS (AP) - French President Francois Hollande says the creation of a new institution to handle troubled banks will spare taxpayers from having to pay for further bank bailouts.
Hollande said Thursday ahead of a summit of the European Union's 28 leaders that the agreement on how to set up
By CHRISTOPHER TORCHIAAssociated Press
QUNU, South Africa (AP) - Songs, speeches and the boom of artillery rang across Nelson Mandela's home village during his funeral Sunday as a tribal chief draped in animal skin declared: "A great tree has fallen."
South Africa was saying goodbye for the
By the Spokane Shock
SPOKANE, WA (December 16, 2013) – The Spokane Shock have been assigned quarterback Erik Meyer to the 2014 roster.
Erik Meyer (6-2, 210, Eastern Washington) rejoins the Shock for the 2014 AFL season. During his 2013 campaign for the Shock, Meyer rewrote the Spokane record
NEW YORK (AP) - Sprint and Dish Network are collaborating on a wireless broadband service targeting underserved areas.
The trial in Corpus Christi, Texas, will involve Sprint Corp.'s 4G LTE network and will begin in mid-2014. Dish Network Corp. will install equipment for households to tap the