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Miss New York Wins 2013 Miss America Crown

Posted January 13th, 2013 at 1:25 am (UTC-5)
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A 23-year-old New Yorker has won the Miss America crown. Mallory Hagan won the beauty pageant held Saturday at the Planet Hollywood Resort and Casino on the Las Vegas Strip. Hagan captured the pageant’s top prize after tap dancing to James Brown’s Get Up Off of That Thing in the contest’s talent competition. She also […]

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Bank of America in Settlement Over Countrywide Loans

Posted December 21st, 2011 at 6:35 pm (UTC-5)
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The U.S. Justice Department says Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide Financial unit discriminated against qualified African-American and Hispanic borrowers on home loans. Officials say Countrywide charged over 200,000 African-American and Hispanic borrowers higher fees and interest rates than white borrowers with a similar credit profile. […]

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Apple Launches iTunes Store in Latin America

Posted December 13th, 2011 at 5:40 pm (UTC-5)
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U.S.-based technology giant Apple has launched its iTunes store in Brazil and 15 other Latin American countries. Apple announced the launch Tuesday, saying the Brazilian version of the store offers more than 20 million songs by both local and international artists. Most of the songs are priced at just under $1, with most albums at […]

Tags: , , Posted in Economy, US

North American Summit Cancelled Due to Mexico’s Absence

Posted November 12th, 2011 at 8:20 pm (UTC-5)
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The North American Leaders’ Summit to be held in Hawaii Sunday has been cancelled due to the death of a Mexican minister. Mexico’s President Felipe Calderon was set to hold talks with U.S. President Barack Obama and Canada’s Prime Minister Stephen Harper during the two-day meeting of the Asia Pacific Economic Cooperation in Honolulu. But […]

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Chicago Museum Wins Annual “Best Restroom” Contest

Posted October 21st, 2011 at 3:50 pm (UTC-5)
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A natural history museum in Chicago, Illinois has won the designation of “America’s Best Restroom” for its sleek design, eco-friendly facilities, and ability to handle the needs of 3,500 visitors per day. The online poll held by a business-supply company invited Internet users to nominate public restrooms across the nation. The men’s and women’s restrooms […]

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US: Bank of America to Cut 30,000 Jobs

Posted September 12th, 2011 at 12:25 pm (UTC-5)
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One of the largest consumer and business banks in the United States, Bank of America, says it plans to cut 30,000 jobs to save $5 billion in annual costs. The privately owned bank said Monday the job cuts would be carried out over the next several years, trimming about 10 percent of the bank’s workforce […]

Tags: , , Posted in Economy, US

Bank of America May Slash Jobs

Posted September 9th, 2011 at 11:20 am (UTC-5)
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The Bank of America may cut around 40,000 jobs in a drive to become leaner and more profitable. The privately owned bank is one of the world’s largest financial institutions, has around 288,000 workers, and operates in 40 countries. Stories in the Wall Street Journal and on Bloomberg news say most of the cuts in […]

Tags: , , Posted in Economy, US

Netflix Starts Push Into Latin America

Posted September 6th, 2011 at 12:55 am (UTC-5)
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U.S. video distributor Netflix announced Monday the expansion of its service into Latin America and the Caribbean. It said video service started Monday in Brazil and would expand to 34 countries in the region, allowing people to instantly watch a wide selection of movies and television programs by September 12. Netflix Latin American programming will […]

Tags: , , Posted in Americas

Warren Buffet Makes Major Investment in Largest US Bank

Posted August 26th, 2011 at 6:50 am (UTC-5)
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Noted U.S. businessman Warren Buffett is investing $5 billion in the nation’s largest financial institution, Bank of America, which is facing potentially huge losses over its home mortgage business. Shares of Bank of America have plummeted over fears the bank is vulnerable over its 2008 purchase of mortgage lender Countrywide Financial, the company whose reckless […]

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AIG Sues Bank of America

Posted August 8th, 2011 at 6:05 pm (UTC-5)
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Insurance conglomerate AIG has sued Bank of America for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued. The formerly debt-ridden insurer filed suit in New York Monday, accusing the bank of “massive” fraud in its handling of the mortgage-backed securities that triggered the 2008 financial crisis. […]

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