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Headline News: Financial

Global Financial News, Breaking Financial News, Debt and Mortgage Loan Crisis News

2 Former Women’s Basketball Players Sue Utah College

Two former Dixie State University women’s basketball players are accusing the Utah college of racial, sexual and religious discrimination in a federal lawsuit. The Spectrum newspaper in St. George reported the two ex-players accuse former women’s basketball coach Catherria Turner … Continue reading

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Up to 150,000 Bangladesh workers lost jobs after Rana Plaza safety overhaul

By Serajul Quadir DHAKA (Reuters) – Some 220 garment factories have shut down in Bangladesh with the loss of up to 150,000 jobs after the collapse of Rana Plaza shone a light on unsafe working conditions in the ready-to-wear industry, … Continue reading

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Ruling in Post-Katrina Flooding Suit Expected in Early May

A decade-old lawsuit seeking damages from the U.S. government over flooding from Hurricane Katrina and other storms is moving closer to resolution, and a judge’s latest filing indicates that at least some damages will be ordered. Judge Susan Braden of … Continue reading

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Measure Would Ban Red Light Cameras in Texas

Texas could put red light cameras in the rearview mirror under a bill that has cleared the Texas Senate. Republican Sen. Bob Hall said that red light cameras “have failed miserably” before his bill was sent over to the House. … Continue reading

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Exxon Mobil Subsidiaries to Pay Nearly $5M for Arkansas Pipeline Spill

Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the 2013 Mayflower oil spill in central Arkansas, according to a consent decree filed in federal court on April 22. The decree … Continue reading

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Bird Flu ‘Catastrophe’ Growing in Midwest

Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. “This is a catastrophe for both the turkey and the egg industries,” … Continue reading

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UBS chairman says Greek default increasingly seen by IMF as controllable

ZURICH (Reuters) – UBS’s (UBSG.VX) chairman said a default by Greece is seen by the International Monetary Fund as “systemically controllable” and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview … Continue reading

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Isolated in debt talks, Greek finance rebel gets the cold shoulder

By Robin Emmott and Ingrid Melander RIGA (Reuters) – As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel and then wandered … Continue reading

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Volkswagen Chairman Piech resigns amid leadership crisis

FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board Chairman Ferdinand Piech unexpectedly resigned on Saturday after losing a showdown he provoked with Chief Executive Martin Winterkorn. Piech, a dominant figure at VW for more than two decades and the grandson of … Continue reading

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Parents of Missouri Teen Killed by Police Sue City of Ferguson

Ferguson, Mo., was sued by the family of an unarmed black teenager whose fatal shooting by a police officer triggered nationwide protests, while subsequent deaths at the hands of police fueled a national debate about how law enforcement treats minorities. … Continue reading

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