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Climate activist tells Moyers: ‘We want Walmart to be subservient to human interests’

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Colbert: If atheists can go to heaven, I want my Catholicism refunded

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Jon Stewart rips Obama for going after whistle-blowers instead of bankers

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J.P. Morgan to pay $228 million for bond bid-rigging scheme

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NEW YORK — US bank JP Morgan Chase was slapped with fines and repayment penalties of $228 million for a bid-rigging scheme that shortchanged issuers of municipal bonds, US authorities announced Thursday. In a case that has also seen Swiss bank UBS and Bank of America heavily fined, JP Morgan…

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IMF head posts $1 million bail but still stuck in jail

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Update: Reuters is now reporting that Strauss-Kahn has been released into the custody of a New York security firm and may be held at a “safe house” in downtown Manhattan NEW YORK (AFP) – Dominique Strauss-Kahn posted $6 million bail and bond Friday, but may have to extend his humiliating…

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Mosque protest barred by Michigan court

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DEARBORN, Michigan (Reuters) – A controversial Florida pastor was barred from protesting outside the largest mosque in the United States on Friday after a Michigan jury found his appearance was likely to provoke violence. Terry Jones, 59, was briefly jailed after refusing to pay a $1 bond as ordered by…

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$2 trillion municipal bond debt crisis could bring down 100 US cities, analyst warns

A new disaster is looming, according to a prominent market research analyst. Meredith Whitney, a financial analyst who runs her own consulting firm and correctly predicted the major debt fallout of Citigroup, warned in a little-reported on interview Sunday that as many as 100 US cities face default on their…

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BofA will pay $137 million to settle claims it defrauded schools, hospitals

Attorneys general from 20 states reached an agreement that will require Bank of America to pay $137.3 million for its part in a bid-rigging scheme, according to the Securities and Exchange Commission (SEC). The financial institution is accused of defrauding state agencies, municipalities, schools districts, hospitals and other non-profit organizations…

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Markets rally on declaration of recession’s end

US stock markets jumped to four-month highs Monday, propelled by news that the world’s biggest economy exited recession in June 2009. The markets began their upward drive in late morning trade after the National Bureau of Economic Research said the US economy had ended the most sustained downturn since World…

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Judge orders banks to trial over Milan bond deals

MILAN — A judge in Milan ordered banks JPMorgan, Deutsche Bank, Depfa, UBS and 13 people to stand trial for alleged fraud in the sale of derivative instruments, the prosecutor told AFP on Wednesday. “JPMorgan, Depfa, Deutsche Bank and UBS have been ordered to stand trial for fraud along with…

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China’s holdings of US treasury bonds tumble

China’s holding of US Treasury bonds has tumbled, according to US Treasury data released Tuesday, after Beijing expressed concern over the swelling US deficit and amid new US-China tensions. 1111 The drop in China’s bond holdings by 34.2 billion dollars or 4.3 percent to 755.4 billion dollars in December also…

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