Insurance corporation American International Group, Inc. (AIG) has filed a lawsuit on Monday against Bank of America Corp, further adding to the problems of the largest bank in the United States. According to the formal complaint which has been filed in the New York Supreme Court in Manhattan, AIG is accused Bank of America [...]
Renowned film director Luc Besson—who gave the world the likes of The Big Blue and The 5th Element—finally went live on Thursday to talk about his latest film entitled “The Lady.” “The Lady” is the much-anticipated docudrama about the story of one of Myanmar’s struggles and its opposition leader, Aung San Suu Kyi. [...]
Central Falls in Rhode Island announced that it has filed for a Chapter 9 Bankruptcy as it continued to grapple with an $80 million pension and retiree health benefit liability, which is currently unfunded and nearly four times the city’s annual budget of $17 million. The city’s filing for bankruptcy has been viewed by [...]
Casey Anthony is free but not from the public fury over what people perceive as a miscarriage of justice. After her release last Sunday, she was urged by a Pastor Operation Save America to “repent”. Today, angry citizens Kentucky have made her an attraction in their Bluegrass Fair by displaying a Casey Anthony lookalike and throwing balls [...]
Hundreds of ultra-Orthodox protestors hurled stones and garbage bins towards Israeli police as part of a campaign to stop the opening of a public parking lot during the Jewish Sabbath. Micky Rosenfeld, a spokesperson for the national police, told reporters that about 800 protestors took to the streets–in a section of Western Jerusalem that [...]
JP Morgan & Chase reported that it had posted a higher-than-expected rise profits for the 2nd quarter of their fiscal year as it managed to write off lesser bad mortgages and credit card loans. Ranked as the second largest bank in the US, JPMorgan reported that it earned $5.43 billion during the quarter, which [...]
US stock futures sustained broad losses on Friday in Wall Street after the government released a report that the unemployment rate in the country rose once again, and the hiring rate has slowed down to a crawl. At the end of the trading day, the Dow Jones industrial dropped 62 points, closing at 12, [...]