Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the firms.
Liverpool’s board agreed to sell England’s most successful soccer club to John W. Henry ’s Boston Red Sox holding company over the objections of owners Tom Hicks and George Gillett , who vowed to resist an offer they said is too low.
Compania Mexicana de Aviacion, Mexico’s biggest airline by passengers, filed for protection from creditors in Mexico and the U.S. after its executives said they had failed to reach cost-saving agreements with labor unions.
A record of winning is the biggest asset John W. Henry ’s Boston Red Sox holding company brings to its pending purchase of Liverpool, according to the chairman of England’s most-successful soccer club.
The Obama administration’s requirement that most citizens maintain minimum health coverage as part of a broad overhaul of the industry is unconstitutional a federal judge ruled, striking down the linchpin of the plan.
The Texas Rangers may reach a sale agreement with a new bidder to lead off its auction, replacing a deal with a group led by Chuck Greenberg and Nolan Ryan , the chief restructuring officer for the team’s owners said.