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FindLaw Legal News | Business Law News
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Business Law News
WaMu reaches settlement with JPMorgan, FDIC
By RANDALL CHASE AP Business Writer WILMINGTON, Del. (AP) - Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday.
Regulators shut banks in NY, Florida, Louisiana
By STEPHEN BERNARD AP Business Writer NEW YORK (AP) - Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks.
Middle-class NYC apartment complex sold at auction
By MEGAN K. SCOTT Associated Press Writer NEW YORK (AP) - The developer of a high profile middle-class Harlem apartment complex has lost ownership of the property after defaulting on the mortgage.
Apple gives chief operating officer $5M bonus
CUPERTINO, Calif. (AP) - Apple Inc. is giving its chief operating officer a $5 million bonus for "outstanding performance" running the company while CEO Steve Jobs was on medical leave. Timothy Cook will also receive 75,000 restricted stock units scheduled to vest in 2011 and 2012.
Harley-Davidson CEO gets $6.4M pay package in 2009
NEW YORK (AP) - Harley-Davidson Inc. says its CEO received a pay package valued at $6.4 million during his first eight months on the job. Keith E. Wandell received a base salary of $650,025 from his start date of May 1 through the end of 2009. He received a bonus of $780,030 and stock and options worth $4.9 million at the time they were granted.
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