Wells Fargo, the second largest provider of mortgage loans in the US, announced this morning that they will not settle financially with Freddie Mac and Fannie Mae over faulty mortgages. Last month it was reported that Bank of America would buy back millions in mortgage loans from the clearing houses that were based on faulty […]
Goldman Sachs said this morning that they were offering the limited number of shares in Facebook that they have purchased to non-US investors only, angering those that were already in line for the purchases. Shares in Facebook are considered the Holy Grail of stocks from the tech market. Because Facebook is currently a private company, […]
Groupon, the largest online daily deals site, announced today that they have completed their $950 million financing push and they will now seek an IPO in 2011. According to the recent financial statements released by the company they have a total value of $15 billion. However, that does not include the $950 million they raised […]