Monday, 15 December 2025

News

Utah Demands Federal Government Return Public Lands to State

The state of Utah, long resentful that some 60 percent of its territory belongs to theU.S. government, says the time has come to reclaim the millions of acres it gave up more than a century ago for admission to the union.

Attorney Tells More Colorado Medical Pot Centers to Close

Colorado's top federal prosecutor has ordered 25 medical marijuana shops located near schools to close in an escalating pot clampdown, as the state gears up for a battle at the ballot box over broader recreational use of the drug.

Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC

In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas.

EDITOR'S PICKS

Immofinanz Acquires All of Moscow Shopping centers

Austrian real estate group Immofinanz said it would buy the remaining 50 percent of the Golden Babylon Rostokino shopping centre in Moscow from Russian company Patero.
By Staff Reporter
Weak US Home Sales Add To Recent Downbeat Data: Daily Markets Wrap

A surprisingly weak U.S. new-home sales report Friday exposed the vulnerability of the nation's economic recovery and renewed hopes -- or fears, depending on one's views -- that the Federal Reserve will expand its balance sheet for a third time by purchasing more bonds.
By Staff Reporter
SEC Takes Wells Fargo to Court to Enforce Subpoenas

U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities.
By Staff Reporter
EBay to Sell Rent.com to PRIMEDIA

EBay Inc agreed to sell its Rent.com unit to PRIMEDIA as the company shifts away from classified and listings businesses to focus on other e-commerce and payments efforts.
By Staff Reporter
Tornadoes Cause Damaging Homes In Illinois, Kentucky

Tornadoes touched down in five states on Friday, damaging homes in Kentucky and Illinois, the National Weather Service and state emergency officials said.
By Staff Reporter
SEC Demands Wells Fargo Comply With Subpoenas

Securities regulators accused Wells Fargo on Friday of failing to turn over documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities during the financial crisis.
By Staff Reporter
Signs Of Recovery Grow in U.S. Housing Market

The battered U.S. housing market looks to be on the mend as buyers make a tentative return and house prices stabilize.
By Staff Reporter
Morgan Stanley Wants All of Citi Ventures

Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking.
By Staff Reporter
BOfA Testing Investment Advisers in Mortgage Offices

Bank of America Corp is putting investment advisers inmortgage offices, an unusual move that shows how far banks will go to "cross-sell" products and services to their customers.
By Staff Reporter
Fannie, Freddie See Cost Savings In Mortgage-Principal Cuts

Analysis by the two government-backed lenders, which have cost taxpayers over $150 billion since their 2008 bailout, shows "loan forgiveness" would keep hundreds of thousands of Americans in their homes while saving money.
By Staff Reporter