Finance News

GM Ignition Switch Spin Battle Reignites as Sealing Bid Fails

General Motors Co. may face a renewed media campaign over what a key opponent called its "false narrative" about recalls of cars with defective ignition switches.

A ship floats amongst a sea of spilled oil in the Gulf of Mexico after the BP Deepwater Horizon oil spill disaster.

Judge: BP Payouts to Local Entities to Start Soon for Spill

A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spill.

Oops! How a Mistake Cost Bank of America in Foreclosure Case

By Samantha Joseph |

The Fourth District Court of Appeal rules Bank of America made a costly mistake and subtracted $196,000 in interest before affirming the foreclosure.

New Hunt for Oil in Florida Raises Environmental Concerns

Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state's regulation of the oil and gas industry.

Board of Ed Approves College Performance Funding

By News Service of Florida |

A new performance-funding system for state colleges was approved Thursday by the State Board of Education, the latest step in Florida officials' drive to tie money for higher education to how well institutions and their students do.

Oil Warning: Crash Could Be Worst in Over 45 Years

Morgan Stanley has been pretty pessimistic about oil prices in 2015, drawing comparisons with the some of the worst oil slumps of the past three decades. The current downturn could even rival the iconic price crash of 1986. This week, a revision: It could be much worse.

Lawmakers Urge Treasury's Lew to Help Wall Street in Trade Pact

The two top U.S. lawmakers for trade policy are fighting for better treatment for financial services firms in a landmark Asia-Pacific free-trade agreement that would clear barriers to digital trade.