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BofA's Government Settlement Biggest in US History [Mortgage Daily :: ]
Aug. 21-- Bank of America Corp . has agreed to the largest single settlement between the government and any one company. The agreement resolves claims related to shoddy mortgage originations and securitizations.
Illinois will receive $300 million in Bank of America settlement  Chicago Tribune
Help for homeowners remains elusive in $16.5bn Bank of America deal  The Guardian
TIME   Related articles »  
Family Dollar discount store rejects Dollar General takeover bid
The battle to consolidate the US discount retail market turned bitter on Thursday, after Family Dollar rejected a takeover offer from Dollar General and accused its larger rival of lying about previous talks between the two companies.
Family Dollar rejects Dollar General offer  Joplin Globe
Family Dollar rejects Dollar General's takeover bid  Proactive Investors USA & Canada
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S&P 500 closes at record high, Dow above 17000
The stock rally rolled on Thursday and hit new heights as the S&P 500 shot up to close at a record high and the Dow reclaimed 17,000 for the first time in a month.
Business Day|Encouraging News Pushes S.&P. 500 to Another Closing High  New York Times
How the Dow Jones industrial average did Thursday  Washington Post
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Gap Profit Tops Estimates as Old Navy Boosts Sales
Gap Inc. (GPS:US), the biggest U.S. apparel-focused retailer, posted second-quarter profit that topped analysts' estimates as discounts at the Old Navy chain attracted bargain-hunting shoppers.
Gap shares rise on earnings beat; GameStop's surge  MarketWatch
Gap to open 40 stores in India  Financial Times
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UPS says 51 retail stores breached by malware
Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states.
UPS Store Breaches  WLOS
Hackers attacked the UPS store in 24 states  Upstart Magazine
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China growth fears deepen as PMI dips to three-month low
BEIJING - Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed yesterday, heightening concerns about increasing softness in the economy.
RPT-GLOBAL ECONOMY-Business growth slows in China and Europe, but ...  Reuters
Eurozone business growth slows in August, PMI data shows  BBC News
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South Florida housing sales jump, condo sales slump
Residential real estate prices increased across South Florida in July but, while single-family home sales surged, condo and town home sales fell sharply.
US housing recovery appears to be back on track  Businessweek
US Existing-Home Sales Up 2.4% in July  Wall Street Journal
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S&P 500 hits record before Yellen speech
Thursday 21.00 BST. US stocks rose to record highs while the recent upward momentum in Treasury bond yields and the dollar stalled ahead of a keenly awaited speech on Friday by Janet Yellen, chairwoman of the Federal Reserve.
US Government Bonds Rise Before Fed Chairwoman Yellen's Speech  Wall Street Journal
Stock Market Today: S&P Smashes to Fresh Highs as Fed Hawks Take Backseat
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Bain buys half of ethical shoemaker Toms
US private equity group Bain Capital is to buy half of Toms with a plan to expand the west coast ethical footwear company beyond espadrilles and its core North American market.
Buy one give one is here to stay thanks to TOMS  Financial Post
Is Toms selling out?  L.A. Biz
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Labor Day Travel Expected To Increase This Year
COLUMBUS, Ohio (WSPD) -- AAA expects Labor Day holiday travel to reach a new post-recession high with 34.7 million Americans, including 1.44 million Ohioans, traveling at least 50 miles from home during the holiday weekend.
Labor Day forecast: Most travelers since 2008  MarketWatch (blog)
More People Expected to Travel for Labor Day Since 2008  WRIC
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