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WaMu settles dispute, eyes bankruptcy exit

(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute betweenshareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings. WaMu got a respite late on Monday when it said in a court filing that the shareholders represented…

NYC construction union brings $7 million corruption suit against developers

A New York City metalworking union has filed a RICO suit, alleging corruption and wrongdoing, against the major developers who they say are denying workers fair wages and benefits. In addition to the suit, however, union leaders say they aim to rehabilitate the public’s perception of unions. The union, Metallic…

Group plans to beam free Internet across the globe from space

The charity group A Human Right said it was planning to purchase a satellite that would provide free basic Internet access to developing countries around the world. The group, which was founded by 25-year-old Kosta Grammatis, is currently raising money to buy the TerreStar-1, the largest commercial communications satellite ever…

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