Italy pays record debt interest on new bonds
Italy has to refinance its debt pile this year The cost of borrowing for Italy’s government has reached a new eurozone record of 6.29% in its latest bond auction. The news came as the yield on traded Spanish government bonds rose above 6% for the first time since August. And official figures from Eurostat showed eurozone industrial production More...
Yankee Stadium ‘Service Fee’ Scheme Now Disclosed To Beer Drinkers
Back in May, a group of beer and food servers at Yankee Stadium sued the concession company they worked for, accusing Legends Hospitality of pocketing their hard-earned tips. Legends — which is co-owned by the More...
Bank Of America’s $8.5 Billion Mortgage Settlement Challenged By Bondholders
NEW YORK (Jonathan Stempel) – A group of bondholders plans to challenge Bank of America Corp’s $8.5 billion settlement with holders in soured mortgage-backed securities, saying it may be unfair to other More...
Goldman Sachs Took Biggest Loan During Fed’s Emergency Program
WASHINGTON – Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to More...
