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Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg asked New York’s highest court to clear his name and dismiss what remains of an eight-year-old lawsuit over an AIG accounting scandal.
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Bank of America Corp. said New York Attorney General Eric Schneiderman has no right to take enforcement action against the bank over claims that it violated terms of a nationwide foreclosure settlement.
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New York Attorney General Eric Schneiderman said he will announce new enforcement actions against major financial institutions as part of his effort to “protect New York homeowners” after calling the first such lawsuit last year a “template” for future litigation.
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Bank of America Corp.’s effort to complete an $8.5 billion settlement with mortgage-bond investors won’t face objections from New York and Delaware, which had intervened in litigation over the deal.
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General Electric Co. is in talks with New York Governor Andrew Cuomo and Attorney General Eric Schneiderman on expanding its cleanup of contaminants in the Hudson River, according to the head of the state’s canal agency.
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New York Attorney General Eric Schneiderman told a court he won’t pursue damages against ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg in a lawsuit dating back to 2005.
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Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.
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Two solar manufacturers are preparing to tap financing from the U.S. Energy Department under the same loan-guarantee program that backed the failed Solyndra LLC and Abound Solar Inc.
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The failure of a second solar manufacturer that received loan guarantees from the U.S. Energy Department adds to pressure on President Barack Obama to justify incentives for the clean-energy industry that’s being undercut by Chinese competition.
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More than 50 U.S. nuclear scientists, engineers and aides are in Japan helping its government struggling to control a crippled power plant. In the process, they are training for any future crisis at home.