Bank of America sued over mortgage abuses

Bank of America sued over mortgage abuses

The states of Arizona and Nevada sued Bank of America Corp on Friday, accusing the largest U.S. bank of routinely misleading consumers about home loan modifications. The two lawsuits, filed by each state attorney general in Arizona and Nevada state courts, seek potentially massive fines against the bank and compensation for customers. Arizona accuses Bank […]

Blackwater founder worms his way back into mercenary company

Blackwater founder worms his way back into mercenary company

An investment group with ties to the founder of the company formerly known as Blackwater announced Friday that it has bought the security firm, which was heavily criticized for its contractors’ actions in Iraq. USTC Holdings said in a statement that the acquisition of the company now called Xe Services includes its training facility in […]

Post office gets ready for busiest day of the year

Post office gets ready for busiest day of the year

The post office is bracing for its busiest day of the year on Monday. The agency’s busiest day is traditionally the Monday before Christmas as people mail cards and packages they prepared over the weekend. Postal officials expect 800 million pieces of mail to be handled on Monday, 40 percent more than the average daily […]

Investigators recover billions for Madoff victims

Investigators recover billions for Madoff victims

Many of Bernard Madoff’s victims who thought they lost everything could get at least half their money back after the widow of a Florida philanthropist agreed Friday to return a staggering $7.2 billion that her husband reaped from the giant Ponzi scheme. Federal prosecutors reached the settlement with the estate of Jeffry Picower, a businessman […]

Searchers may have found Amelia Earhart’s bones

Searchers may have found Amelia Earhart’s bones

The three bone fragments turned up on a deserted South Pacific island that lay along the course Amelia Earhart was following when she vanished. Nearby were several tantalizing artifacts: some old makeup, some glass bottles and shells that had been cut open. Now scientists at the University of Oklahoma hope to extract DNA from the […]

The weather: Just a lot more bad news

The weather: Just a lot more bad news

Snow, sleet and freezing rain wreaked havoc across Mid-Atlantic and Southern states on Thursday, causing hundreds of accidents, four fatal. The nasty pre-winter mix also forced schools to start late, close early or cancel classes altogether. Three people died in separate weather-related crashes in North Carolina. In south-central Kentucky, state police said an 80-year-old man […]

WikiLeaks founder shows no remorse while on bail

WikiLeaks founder shows no remorse while on bail

WikiLeaks’ founder Julian Assange has declared that he is the victim of a smear campaign after being freed on bail over rape allegations and sent to spend Christmas at an English country house. The 39-year-old Australian computer expert said that curbs on him, which he described as “hi-tech house arrest,” would not halt the release […]

New drug for executions expected to become norm

New drug for executions expected to become norm

A sedative Oklahoma used to execute a death row inmate that is commonly used to euthanize animals could become more popular because of a nationwide shortage of a key ingredient in several states’ lethal injection formulas, death penalty experts say. John David Duty is believed to be the first person in the United States whose […]

Famed director Blake Edwards dead

Famed director Blake Edwards dead

When Julie Andrews began writing her 2008 autobiography, “Home,” her husband Blake Edwards had just one piece of advice: “Characters make your story.” In an up-and-down career that spanned writing, directing and producing nearly 50 films, Edwards’ cultivated more than his share of indelible characters: Peter Sellers’ bumbling Inspector Clouseau of the “Pink Panther” movies, […]

If you’re rich the IRS is coming to get you

If you’re rich the IRS is coming to get you

The Internal Revenue Service is making it a bit riskier to cheat on your taxes. The tax agency increased the number of returns it audited by nearly 11 percent this year, statistics released Wednesday show. Wealthy taxpayers and big businesses were most likely to be targeted. The IRS also stepped up audits of charities and […]