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SEC suit: Bank of America failed to disclose ‘staggering financial losses’ to shareholders

Federal regulators sued Bank of America Corp. on Tuesday, accusing the company of failing to disclose “staggering financial losses” at Merrill Lynch before shareholders approved a combination of the companies. The lawsuit filed by the Securities and Exchange Commission in U.S. District Court in Manhattan sought an order requiring Bank…

Copenhagen agreement called ‘meaningless’ and ‘shameful’

President Obama announced on Friday that negotiations among the the world’s nations had resulted in a “meaningful and unprecedented breakthrough” on climate change. One administration official, however, acknowledged in remarks to the Associated Press that it was only a first step and not sufficient in itself to head off global…

Obama says ‘meaningful’ deal reached on climate change

President Barack Obama announced Friday a “meaningful and unprecedented breakthrough” on a global effort to curb climate change. But Obama said, “It is going to be very hard, and it’s going to take some time” to get to a legally binding treaty. A deal reached by the United States, China,…

Another 260 arrested in Copenhagen climate protests

COPENHAGEN — Police battled demonstrators outside the UN climate summit on Wednesday as leaders of developing nations let rip at wealthy counterparts, exposing the huge obstacles facing a deal to tame global warming. Police with dogs fired tear gas and arrested around 260 marchers in Copenhagen, while inside the Bella…

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