The defunct WMC Mortgage unit "has emerged in recent months as one of the biggest headaches in GE's vast business empire.”
The beleaguered bank's shares fall 2.7% after it reports Q3 net income fell to $4.6 billion from $5.6 billion one year ago while EPS misses estimates.
"This settlement is a stark reminder of what happened to this bank before the financial crisis," the bank's CEO says.
Tutor Perini alleged the bank did not disclose the ARS market was heading for collapse when it sold the securities to the company.
The suits follow a court ruling blocking the deal, with Anthem attempting to stop Cigna from terminating their agreement.
“Alere is no longer the company Abbott agreed to buy 10 months ago," Abbott says, citing negative developments since the deal was announced.
The Labor Department exceeded its authority in raising the minimum salary level for overtime eligibility, a Texas judge rules.
The regulator of federal credit unions has now recovered $4.3 billion from financial institutions over sales of toxic mortgages.
Investors backed Williams' board, which is appealing a judge's ruling that Energy Transfer can walk away from the deal.
The disclosure of the legal costs arrangement follows Sumner Redstone's move to oust five board members including CEO Philippe Dauman.
Timothy Ross alleges Nutmeg State Financial Credit Union fired him for trying to expose an "illegal scheme" to boost the CEO's pay.
A judge rules Illinois' biometric privacy law may apply to Facebook's use of facial recognition software to tag photos.
