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Ex-exec testifies in KB Home fraud trial in LA (AP) - AP - A former executive of KB Home testified Tuesday against former chairman and Chief Executive Bruce E. Karatz, who is accused of bilking shareholders out of millions of dollars by backdating stock options. Wed, 17 Mar 2010 00:45:48 GMT
Data show surge in consumer cases in fiscal 2009 (AP) - AP - The number of new cases in federal courts related to consumer issues surged in the year ended last Sept. 30 as Americans battered by the recession fought foreclosures and downgraded debt ratings, data released Tuesday show. Wed, 17 Mar 2010 00:09:27 GMT
PIMCO: End of mortgage buys form of tightening (Reuters) -

Mohamed El-Erian, CEO of Pacific Investment Management Company (PIMCO), gives the keynote address at the Symposium on Interest Rate Risk Management in Arlington January 29, 2010. REUTERS/Jason ReedReuters - The end of the Federal Reserve's program of purchasing $1.25 trillion of mortgage-backed securities at the end of March is a form of tightening monetary policy, the chief of the largest U.S. bond fund manager said on Tuesday.


Tue, 16 Mar 2010 22:50:50 GMT