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Nissan to expand U.S. availability of all-electric Leaf model

WASHINGTON — Nissan North America said Tuesday it was expanding the availability of the all-electric Nissan Leaf to more US outlets and raising the price for the 2012 model. Brian Carolin, senior vice president of sales and marketing, said the Leaf will be available this fall in 10 additional states…

BofA posts second-quarter loss on mortgage settlement

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp posted a second-quarter net loss after agreeing to an $8.5 billion settlement with mortgage bond investors. The largest U.S. bank by assets reported on Tuesday a net loss of $8.8 billion, or 90 cents per share, compared with net income of…

Bank of America pays $410 million to settle overdraft dispute

WASHINGTON (AFP) – Bank of America has entered into a preliminary agreement to pay $410 million to clients who accused it of excessive overdraft fees, according to court documents. The documents released Monday by a US district court in southern Florida said the class action lawsuit included some one million…

Dodd to be chief lobbyist for motion pictures group

WASHINGTON – Former Sen. Chris Dodd (D-CT) will be the next CEO of the Motion Picture Association of America, according to the Hollywood Reporter. Dodd, 66, will replace current MPAA CEO Dan Glickman as chief of the leading lobbying and trade group for the movies and television industry. Dodd, who…

Man busted with explosives outside Michigan mosque

A 63-year-old man arrested with illegal fireworks outside a Detroit-area mosque reportedly threatened to do harm to a mosque ahead of his arrest, news reports indicate. Roger Stockham of California remained in custody Sunday after being arrested last Monday outside Dearborn’s Islamic Center of America, one of the country’s largest…

‘A new type of business McCarthyism’ hunts WikiLeaks, site founder says

WikiLeaks founder Julian Assange denounced “business McCarthyism” in the United States after the Bank of America halted all transactions to the website Saturday. The Australian, who was spending his second full day on bail, vowed the whistle-blowing site would carry on releasing controversial leaked US diplomatic cables as he insisted…

Health insurers ran secret campaign to trash Michael Moore’s ‘Sicko’

Health insurance companies funneled thousands of dollars into fake grassroots organizations to discredit Michael Moore’s film Sicko, according to the former vice president of corporate communications for the insurance giant Cigna Corp. In an interview with Democracy Now, Wendell Potter says health insurance companies set up front groups to criticize…

News Corp. ends suit for $500 million

WASHINGTON — News Corp. said Saturday it had reached a 500-million-dollar settlement over lawsuits filed by Valassis Communications Inc. against a division of Rupert Murdoch's entertainment and media giant.…

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