Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
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The European Commission has accused some 13 airlines of collaborating to set cargo and security surcharges — and to avoid paying commission on these surcharges to clients — to reduce competition. Eleven of the airlines face a…
Goldman Sachs has been fined $650,000 by the Financial Industry Regulatory Authority for failing to properly disclose to regulators that two of its executives were going to be investigated by the Securities & Exchange Commissio…
Google has been slapped with another privacy lawsuit, this time over its toolbar, Bloomberg reported Tuesday. A New York man alleges the toolbar software transmits users’ Internet activity to the company, and misleads people in…
General Motors Financial reported Tuesday its earnings nearly doubled in the third quarter compared to last year, aided by a drop in expenses.
Continue reading Profit at GM’s Finance Arm Nearly Doubles in Third…