General Motors Acceptance Corporation

(Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. Ally hopes the...

Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials. Another bank that signed the settlement, Wells Fargo &...

Chicago businessman Martin Nesbitt will sit on the dais in front of the U.S. Capitol on Monday as his best friend is inaugurated president of the United States. The two men — successful African-American leaders who share a record of high...

A gunman at a Connecticut elementary school killed 26 people, including 20 children, on Friday. It is among the world's worst mass shootings. Here is a look at some others: The...

We are quite sure Shakespeare was thinking of our Mother when he said, "Though she is but little, she is fierce." Tiny in stature, she was mighty in life and left to all who were blessed to know and love her, a mighty legacy. Betty Fairbourn of...

Aloha Airgroup Inc., the closely held Hawaiian airline company, has filed for Chapter 11 bankruptcy protection, saying competition from Mesa Air Group Inc. cut its sales. This is the second bankruptcy in three years for Aloha, the second-largest Hawaii-...

Tim Walters used to attend six used-car auctions a month to buy vehicles for his employer, the Fagan Chevrolet Cadillac dealership in Janesville, Wis. These days, Walters, the dealer's used-car sales manager, skips most of those events. He still is...