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  • Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.

  • AP Top Extended Financial Headlines At 4:13 p.m. EDT Wednesday, 16 Jul 2014 | 4:13 PM ET

    Fed survey: US economy expanding in all regions of country, helped by consumer spending Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Obama administration pushes to stop companies from looking to overseas combos for tax relief Younger Americans wait to buy homes because of changes in marital status, education and race Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Shares of BlackBerry lower after Apple, IBM announce business app partnership

  • AP Top Financial News At 3:16 p.m. EDT Wednesday, 16 Jul 2014 | 3:16 PM ET

    Latest Fed survey sees improved economy Yellen rejects move to set up formula for Fed Study: US millennials buying homes later Bank of America takes $4 billion litigation hit US stocks up in afternoon trading on earnings news Apple may pay $400 M in digital book settlement Apple-IBM deal weighs on BlackBerry shares VW passes GM in global auto sales race

  • AP Top Extended Financial Headlines At 3:08 p.m. EDT Wednesday, 16 Jul 2014 | 3:08 PM ET

    Fed survey: US economy expanding in all regions of country, helped by consumer spending Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Younger Americans wait to buy homes because of changes in marital status, education and race Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG US stocks rise in afternoon trading on earnings reports; Time Warner soars on Murdoch bid Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Shares of BlackBerry lower after Apple, IBM announce business app partnership Volkswagen passes General Motors to take second place in global auto sales race

  • AP Top Extended Financial Headlines At 2:04 p.m. EDT Wednesday, 16 Jul 2014 | 2:04 PM ET

    Fed survey: US economy expanding in all regions of country, helped by consumer spending Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Volkswagen passes General Motors to take second place in global auto sales race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Rejected Fox bid for Time Warner underscores mood to consolidate When you die: Proposal gives loved ones access to online accounts unless will says otherwise Workers, union seek to keep 3 endangered Atlantic City casinos open Younger Americans wait to buy homes because of changes in marital status, education and race US stocks rise in afternoon trading on earnings reports; Time Warner soars on Murdoch bid Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG

  • AP Top Financial News At 1:18 p.m. EDT Wednesday, 16 Jul 2014 | 1:18 PM ET

    Study: US millennials buying homes later US stocks rise in midday trading on earnings news Bank of America takes $4 billion litigation hit Once a niche, local foods becoming big business BMW recalls 1.6 M 3- Series cars for air bag problem US homebuilder confidence surges in July US factory output rises for 5th straight month

  • AP Top Extended Financial Headlines At 1:17 p.m. EDT Wednesday, 16 Jul 2014 | 1:17 PM ET

    Rejected Fox bid for Time Warner underscores mood to consolidate When you die: Proposal gives loved ones access to online accounts unless will says otherwise Younger Americans wait to buy homes because of changes in marital status, education and race US stocks rise in midday trading on earnings reports; Time Warner soars on Murdoch bid Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Once a niche market, locally grown foods are becoming a big business with government help BMW recalls 1.6 M 3- Series cars to fix air bag problem that's affecting global auto industry Confidence among US homebuilders surges as sales outlook for single-family homes improves US factory output rises for 5th straight month in June, boosting economy after dismal 1 Q US producer prices up 0.4 percent in June on rising gas costs; overall inflation still mild

  • AP Top Extended Financial Headlines At 12:10 p.m. EDT Wednesday, 16 Jul 2014 | 12:10 PM ET

    Murdoch's Twenty-First Century Fox says Time Warner rebuffed takeover bid; Worth about $76 B US stocks move higher on earnings reports; Time Warner soars on Murdoch bid Confidence among US homebuilders surges as sales outlook for single-family homes improves Younger Americans wait to buy homes because of changes in marital status, education and race Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Workers, union seek to keep 3 endangered Atlantic City casinos open US factory output rises for 5th straight month in June, boosting economy after dismal 1 Q US producer prices up 0.4 percent in June on rising gas costs; overall inflation still mild Foreign holdings of US Treasury rise in May; China ups holdings for first time since January Airbus A380s tested over air leak problems with the doors

  • AP Top Extended Financial Headlines At 11:29 a.m. EDT Wednesday, 16 Jul 2014 | 11:29 AM ET

    Murdoch's Twenty-First Century Fox says Time Warner rebuffed takeover bid; Worth about $76 B US stocks rise in early morning trading on earnings reports; Time Warner soars on Murdoch bid Confidence among US homebuilders surges as sales outlook for single-family homes improves Younger Americans wait to buy homes because of changes in marital status, education and race Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG US factory output rises for 5th straight month in June, boosting economy after dismal 1 Q US producer prices up 0.4 percent in June on rising gas costs; overall inflation still mild Foreign holdings of US Treasury rise in May; China ups holdings for first time since January BMW recalls 1.6 M 3- Series cars to fix air bag problem that's affecting global auto industry Italy's Gtech buying slot machine maker International Game Tech for $4.7 B in cash and stock

  • July 16- Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis.

  • AP Top Financial News At 11 a.m. EDT Wednesday, 16 Jul 2014 | 10:58 AM ET

    Murdoch's Fox bid for Time Warner is rejected US stocks rise in early trading on earnings news US homebuilder confidence surges in July Study: US millennials buying homes later Bank of America takes $4 billion litigation hit US factory output rises for 5th straight month Higher gasoline costs raise US producer prices Foreign holdings of US Treasury debt rise in May BMW recalls 1.6 M 3- Series cars for air bag problem Italy's Gtech buying IGT for $4.7 B

  • NEW YORK, July 16- A U.S. appeals court on Wednesday upheld the dismissal of a $500 million lawsuit by state-owned Mexican oil company Pemex accusing Siemens AG and SK Engineering& Construction Co Ltd of bribing Pemex officials to secure oil refinery projects in Mexico.

  • July 16- Bank of America Corp, the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Bank of America's shares, which have barely moved this year, fell slightly to $15.68 in premarket trading on Wednesday.

  • Bank of America takes $4 billion litigation hit Wednesday, 16 Jul 2014 | 7:25 AM ET

    NEW YORK— Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses. Bank of America also said that it had reached a $650 million settlement Tuesday with American International Group Inc. to resolve all outstanding residential mortgage-backed securities litigation between the two companies.

  • Lawsuit: Madoff sons knew of fraud, deleted emails Tuesday, 15 Jul 2014 | 6:32 PM ET

    NEW YORK— The trustee trying to recover money for victims of Bernard Madoff says in a new lawsuit that Madoff's two sons knew of the Ponzi scheme and sought to cover up the fraud by deleting emails during a Securities and Exchange Commission probe.

  • In an amended lawsuit against Andrew Madoff and the estate of Mark Madoff, Irving Picard, who is liquidating Bernard L. Madoff Investment Securities LLC, said the brothers' activity reflected their "sense of entitlement" to undeserved riches. Picard seeks to recoup $153.3 million from Andrew Madoff, the estate of Mark Madoff, and Mark's widow, Stephanie Mack.

  • 'Lemon-law' lawyer declares victory against Tesla Tuesday, 15 Jul 2014 | 10:34 AM ET
    Tesla Model S

    An attorney says he's won a settlement in a lemon-law suit against Tesla on behalf of a Model S owner who had problems. USA Today reports.

  • NEW YORK, July 14- Volume in Barclays PLC's private U.S. trading venue, also known as a "dark pool," fell by more than a third after New York's attorney general filed a lawsuit accusing the British bank of giving an unfair edge to high-speed traders, according to data released on Monday.

  • Dairy Farmers of America ends price suit for $50M Monday, 14 Jul 2014 | 1:56 PM ET

    The lawsuit charged the cooperative, its marketing arm, Dairy Marketing Services, and Dallas- based Dean Foods with working together to monopolize the market for raw milk in the Northeast, driving down prices paid to dairy farmers. Dairy processor Dean Foods Co. agreed to a settlement of $30 million in 2011. Dean Foods also did not admit any wrongdoing.

  • Tesla, Wisconsin doctor settle lemon lawsuit Monday, 14 Jul 2014 | 12:03 PM ET

    MADISON, Wis.— Tesla Motors has settled a lawsuit alleging the company sold a defective electric car to a Wisconsin doctor. The deal calls for the California- based company to pay Franklin physician Robert Montgomery nearly $127,000 to cover the car's cost, his taxes and his attorney fees.