GGP agreed to pay $230 million to the Hughes heirs in exchange for full release and settlement of all claims against GGP and affiliates. Ten million dollars will be paid in cash, with the rest paid in either cash or common shar…
Bank of America (BAC) may introduce a tiered fee structure modeled on mobile phone service contracts.
Under the proposed scheme, the bank would reward customers who maintain minimum current account balances, use their credit card a certain number of …
Early Monday, telecom giant Verizon Communications (VZ) named Lowell McAdam president and COO, which would put him in line to eventually succeed longtime CEO Ivan Seidenberg. McAdam currently serves as the CEO of Verizon Wirele…
Indian conglomerate Sahara India Pariwar is in talks to buy U.S. movie studio Metro-Goldwyn-Mayer Inc in a deal worth more than $2 billion, The Wall Street Journal reported.
MGM owes creditors about $4 billion, mostly to hedge funds that purchases th…
Lennar posted third-quarter earnings of $30 million, or 16 cents a share, compared with a loss of $171.6 million, or 97 cents a share, a year earlier.
Continue reading Lennar Earnings: Homebuilder Is Back in th…