JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
The American Petroleum Institute is taking issue with the president’s State of the Union demand to end subsidies and tax breaks for oil producers. While Obama didn’t say just which subsidies he’d cut, the industry isn’t waiting…
Travel startup Hipmunk has reportedly received $6 million in venture funding. The round could go a long way towards helping Hipmunk scale into a big player in the market.
Continue reading Hipmunk: A Big Step Fo…
With the economic recovery gaining steam, President Obama’s State of the Union address — and the GOP response — should be seen as a shift to a less activist approach. Feel-good rhetoric may be wiser than heavy-handed policies…
Lee County, Fla., has become infamous for the “rocket docket” — its system of speeding foreclosure cases through the courts. DailyFinance spoke with the Lee County Clerk who says the super-charged system was his idea.
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