Merrill Lynch Settles Fraud Suit for $475 Million

Total compensation of the highest-paid executives at publicly traded companies dipped 7.4 percent in the past 12 months, according to a recent study.

Bank of America Corp. will use the Merrill Lynch & Co. Inc.

Bank of America Corp. is selling several of its corporate aircraft to reduce costs, a BofA spokesman confirms. "As part of an ongoing cost-reduction effort we have been scaling back on our use of corporate aircraft, including selling three aircraft we own and the Merrill Lynch helicopter," BofA spokesman Scott Silvestri says.

NEW YORK (Reuters) - Merrill Lynch & Co said it has agreed to pay $475 million in cash to settle a class action suit brought by the Ohio state teachers' retirement system.

(NEW YORK) — Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation’s second biggest bank reported higher net income for the first quarter, but missed analysts’ expectations.

(NEW YORK) — Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation’s second biggest bank reported higher net income for the first quarter, but missed analysts’ expectations.

BP Plc and the lead lawyers representing victims of the 2010 Gulf of Mexico oil spill won approval of the economic and environmental loss portion of a proposed US$7.8-billion partial settlement of claims. The agreement resolves most private plaintiffs’ claims for economic loss and property damage related to the explosion of the Deepwater Horizon oil rig and subsequent spill. It doesn’t cover suits brought by the U.S. government and the states of Alabama and Louisiana over the largest offshore oil spill in U.S. history.