Financial Service Info

Brian Moynihan is CEO of Bank of America, which some investors of its mortgage bonds say in a court filing could owe upwards of $27 billion, far more than the $8.5 billion settlement deal the bank recently announced. If that amount were accurate, it would be significantly more than the bank’s proposed $8.5 billion settlement. [...]

A lender has clubbed Weston’s Bonaventure Country Club and its two golf courses with a foreclosure lawsuit. Textron Financial Corp. filed a foreclosure lawsuit on July 13 in U.S. District Court for the Southern District of Florida against Tavor Holdings and managing member Mordechai Boaziz. It targets the 36-hole, 233-acre golf courses at 200 Bonaventure [...]

The Ikea store in Centennial Ikea — which opens its first Colorado store on Wednesday — has grown from a tiny Swedish business selling pens and picture frames to the largest home-furnishings retailer on the planet, with a complex and at times baffling ownership structure. That structure, spanning several nations, is aimed in part at [...]

Wells Fargo Chairman and CEO John Stumpf sometimes grapples with what some see as his bank’s identity crisis on Wall Street. One analyst questioned the bank’s capital ratios required under new international banking standards and how they compare to rivals. The analyst compared Wells to other regional and super-regional banks while CEO John Stumpf spoke [...]

Royal Caribbean had decided to move its Serenade and Adventure of the Seas ships out from San Juan, Puerto Rico in favor of Europe as part of a business decision to chase higher revenue and that move has some in Puerto Rico worried about the relevance of the cruise industry to the island. The executive [...]

Financial terms of the five-year deal were not disclosed. Fuse Science of Aventura, Fla., is the developer of sports nutrition and performance products that Vick will endorse. The mineral and vitamin products include: EnerJel, which is designed for active muscle fatigue; PowerDrops, a concentrated electrolyte formulation delivered in a single drop before a game; EnergyDrops, [...]

Welcoming guests to Bhutan is still a new experience for the people of Bhutan who are called Drukpas. The Government Council on tourism is kicking off their first promotion to this mysterious and elusive country. Check it out with Bhutan expert, Chhimmy Pem. Join Sandy and Thomas Steinmetz as Thomas talks about today’s Bhutan and [...]

  Thomas Ossel, from Bedfordshire, was fatally shot in the jaw while his brother Jack was wounded but survived. The brothers were staying at a backpacker hostel on Margarita Island, one of the country’s leading tourist destinations. They had left a bar on Monday evening and were on their way home when they were confronted [...]

(eTN) – Although the Kenya Airport Authority (KAA) issued belatedly apologies to the general public and the entire aviation fraternity at the Jomo Kenyatta International Airport (JKIA) for the power outages, incidentally rejected by a number of airlines as “insufficient as long as no compensation is offered,” parliament was even swifter in summoning the KAA [...]