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Posts Tagged ‘DEALS’

Deal is closer for a u.s. plan on mortgages






With a deadline looming on Monday for state officials to sign onto a landmark multibillion-dollar settlement to address foreclosure abuses, the Obama administration is close to winning support from a crucial state that would significantly expand the breadth of the deal. The biggest remaining holdout, California, has returned to the negotiating table after a four-month absence, a change of heart that could increase the pot for mortgage relief nationwide to $25 billion from $19 billion. [ABSTRACT FROM AUTHOR]


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Google’s mobile bet could prove tricky

The article offers information on the deal between Google Inc. and Motorola Mobility Holding Inc. It states that Google Inc. plans to buy Motorola Mobility for 12.5 billion dollars, which has mobile carriers and smartphone and operating system (OS) makers scrambling. It mentions that relying on carriers to distribute the products of a substantial hardware business will be a new experience for Google and how the company handles it could determine whether the deal is ultimately successful.

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Goldman faces new mortgage allegations

WASHINGTON — The legal storm buffeting Goldman Sachs intensified on Monday as Senate investigators claimed the Wall Street giant had devised not one but a series of complex deals to profit from the collapse of the home mortgage market. The claims suggested for the first time that the inquiries into Goldman were stretching beyond the sole mortgage deal singled out by the Securities and Exchange Commission.

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Briefly noted

Reports developments concerning television and motion picture industries in the United States. Settlement of Steven Bochco case against Twentieth Television; Merger plans of Microsoft Corp. and NBC for the MSN MoneyCentral and CNBC.com operations; Deal of Turner Broadcasting System with DreamWorks SKG.

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