Bank Of America Agrees To $16 Billion Settlement Over Financial Crisis Failures

By Newsroom America Staff at 3:54 pm Eastern

The Securities and Exchange Commission has announced a $16 billion settlement in which Bank of America admits that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage loans.

More Than 191,000 People Killed In Syria With 'No End In Sight'

3:33 pm Eastern | World

The number of people killed in Syria is double the number documented a year ago, the United Nations human rights chief announced, criticizing the international community for its failure to stop the “killers, destroyers and torturers” that have torn the country apart.read more »

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Over 370,000 Palestinian Children In Need Of 'Psycho-Social First Aid'

3:47 pm Eastern | World

The top UNICEF field officer in Gaza says at least nine more Palestinian children have been killed there in the last 48 hours, bringing the total to 469 since early July, saying that there is not a single family in the tiny enclave that has not been touched by the current violence.read more »

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Humane World Cannot Let West Africa Suffer 'On Such Extraordinary Scale’

3:41 pm Eastern | World

The newly-appointed United Nations System Coordinator for Ebola has begun his visit to countries affected by the deadly disease, as the head of the World Health Organization (WHO) appealed for “massive, coordinated and targeted assistance” saying “a humane world cannot let the people of West Africa suffer on such an extraordinary scale.”read more »

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U.S. Military Conducts Airstrikes Against ISIL Near Mosul Dam

22 Aug 15:28 | U.S. News

U.S. military forces continued to attack ISIL terrorists in support of Iraqi Security Force operations, using fighter and attack aircraft to conduct three airstrikes in the vicinity of the Mosul Dam.read more »

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Former Los Alamos National Laboratory Worker Sentenced For Atomic Energy Act Violations

21 Aug 16:00 | U.S. News

A former contract employee at the Los Alamos National Laboratory has been sentenced for conspiring to violate the Atomic Energy Act by communicating classified nuclear weapons data to a person believed to be a Venezuelan government official, and making false statements to the FBI.read more »

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Missouri National Guard Begins Withdrawing From Ferguson

21 Aug 15:43 | U.S. News

Gov. Jay Nixon has ordered the Missouri National Guard to begin a systematic process of withdrawing from the City of Ferguson. read more »

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Mortgage Rates Hit 2014 Low Point

21 Aug 15:46 | Business

Mortgage rates moved lower for a second consecutive week hitting a 14-month low, according to Bankrate.com's weekly national survey.read more »

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Abusive Leadership Infects Entire Team: Study

21 Aug 12:09 | Business

Supervisors who are abusive to individual employees can actually throw the entire work team into conflict, hurting productivity, finds new research led by a Michigan State University business scholar.read more »

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Restoring Dignity, Ensuring 'Safe Space' For Returning Nigerian Schoolgirls 'Critical'

21 Aug 10:06 | World

A United Nations official for Nigeria said that restoring the dignity and integrity of returning schoolgirls kidnapped by Boko Haram militants in Chibok is instrumental in reintegrating the girls back into a “safe space” in society.read more »

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Research Paves Way For Development Of Cyborg Moth 'Biobots'

21 Aug 09:01 | SciTech

North Carolina State University researchers have developed methods for electronically manipulating the flight muscles of moths and for monitoring the electrical signals moths use to control those muscles. read more »

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Declared Syrian Chemical Weapons Destroyed

21 Aug 07:55 | World

UN Secretary-General Ban Ki-moon has welcomed the destruction of Syria’s declared chemical weapons material on board the United States Maritime Vessel Cape Ray.read more »

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U.S. Military Reveals Rescue Operation For Americans In Syria Failed

21 Aug 02:21 | World

The United States attempted a rescue operation recently to free a number of American hostages held in Syria by the Islamic State of Iraq and the Levant, but it failed to locate them.read more »

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World Appalled At Beheading Of American Journalist: Obama

20 Aug 15:23 | US Politics and Govt

President Obama says the entire world is appalled by the brutal murder of American journalist Jim Foley by the terrorist group ISIL.read more »

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Teen Sleeplessness Piles On Risk For Obesity

20 Aug 15:40 | SciTech

New research has found the risk of being obese by age 21 was 20 percent higher among 16-year-olds who got less than six hours of sleep a night, compared with their peers who slumbered more than eight hours.read more »

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Berkshire Hathaway to Pay $896,000 to Resolve FTC Allegations

20 Aug 15:28 | Business

Investment holding company Berkshire Hathaway Inc. has agreed to pay $896,000 in civil penalties to resolve Federal Trade Commission allegations that it violated premerger reporting laws in connection with the 2013 acquisition of voting securities in USG Corporation.read more »

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Scientists Say Global Warming 'Taking a Break'

20 Aug 12:37 | SciTech

Scientists say global warming is currently taking a break: whereas global temperatures rose drastically into the late 1990s, the global average temperature has risen only slightly since 1998.read more »

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Former Hotel Broker Sentenced To 11 Years In Prison In $55 Million Fraud Schemes

20 Aug 11:12 | U.S. News

The president of an international hotel brokerage firm has been sentenced to 11 years in prison for conducting a wide-ranging set of multi-million dollar fraud schemes involving the sale of several hotel properties.read more »

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South Sudan Crisis Grows, Making Ethiopia Africa's Largest Refugee Host

20 Aug 09:28 | World

Ethiopia has surpassed Kenya in hosting the most refugees in Africa, sheltering 629,000 refugees as of the end of July, according to the United Nations refugee agency.read more »

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Gaza Needs Recovery Plan Amidst "Unprecedented Destruction'

20 Aug 08:48 | World

Concerned by the many civilian casualties and the unprecedented scale of destruction in the latest military conflict between Israel and Palestinian militants, a senior United Nations official has urged the international community to “rethink the Gaza paradigm.”read more »

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WHO Reports Ebola Progress In Nigeria, Guinea

20 Aug 07:12 | World

The trends of the outbreak of Ebola in Nigeria and Guinea, where the virus made its first appearance in West Africa last December, have shown encouraging signs, but the World Health Organization has expressed concern about the situation in the Liberian capital of Monrovia.read more »

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World's Primary Forests 'On The Brink'

19 Aug 15:44 | World

An international team of conservationist scientists and practitioners has published new research showing the precarious state of the world's primary forests.read more »

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Climate Change Will Threaten Fish by Drying Out Southwest U.S. Streams, Study Predicts

19 Aug 15:30 | SciTech

New research suggests fish species native to a major Arizona watershed may lose access to important segments of their habitat by 2050 as surface water flow is reduced by the effects of climate warming.read more »

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Neglected Boys May Turn Into Violent Adolescents

19 Aug 15:36 | SciTech

Parents who physically neglect their boys may increase the risk that they will raise violent adolescents, according to Penn State sociologists.read more »

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FTC Settles Charges Against Fandango And Credit Karma

19 Aug 14:55 | SciTech

The Federal Trade Commission has approved final orders settling charges against Fandango, Inc. and Credit Karma, Inc which include disabling security on mobile phones that would have protected consumers’ information.read more »

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Former Rabobank Libor Submitter Admits Manipulating Global Interest Rates

19 Aug 15:14 | Business

A former Rabobank Japanese Yen London InterBank Offered Rate (LIBOR) submitter has pleaded guilty to his role in a conspiracy to commit wire and bank fraud by manipulating Rabobank’s Yen LIBOR submissions to benefit trading positions.read more »

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WHO Requests Ebola Exit Screening Of Travellers Leaving Affected Countries

19 Aug 15:03 | World

The World Health Organization (WHO) said any persons with an illness consistent with Ebola should not be allowed to travel by air, sea or land from affected countries unless it is part of a medical evacuation.read more »

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Bombing Of District Attorney's Office Results In Prison Sentence

19 Aug 14:50 | U.S. News

Alan Leroy McVay, 47, of Medford, Oregon has been sentenced to 15 years in federal prison after his conviction for malicious destruction of property by explosion for the bombing of the Jackson County District Attorney’s Office. read more »

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Drug Fifteen Times Stronger Than Heroin 'Hides In Plain Sight'

18 Aug 15:44 | SciTech

Emergency physicians should expect "an upswing in what on the surface appear to be heroin overdoses," but are actually overdoses tied to acetyl fentanyl, an opiate that is mixed into street drugs marketed as heroin. read more »

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Operator Of Financial Consulting Firm Sentenced To Prison For Investment Fraud

18 Aug 15:32 | Business

August John Stile, Jr., age 50, of Hughestown, Pennsylvania, has been sentenced to 46 months’ imprisonment for defrauding investors of approximately $310,000. read more »

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Iran Urged To Help Deal With Region's 'Unprecedented' Crises

18 Aug 15:27 | World

On a visit to Iran, the United Nations humanitarian chief has stressed the importance of regional cooperation in dealing with the myriad of “unprecedented” and “unravelling” crises in the Middle East.read more »

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Los Angeles Grand Jury Indicts Chinese National In Computer Hacking Scheme

18 Aug 15:16 | U.S. News

A federal grand jury has indicted a Chinese national on five felony offenses stemming from a computer hacking scheme that involved the theft of trade secrets from American defense contractors, including The Boeing Company, which manufactures the C-17 military transport aircraft.read more »

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'Grave Escalation' In Fighting In Libya

17 Aug 15:30 | World

The United Nations mission assisting Libya has condemned the "grave escalation" in the fighting in Tripoli and its suburbs and urged all parties to work to put an end to the security deterioration, which forebodes serious consequences on the humanitarian level.read more »

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Security Council Approves Sanctions Against Militants In Iraq, Syria

17 Aug 10:17 | World

Expressing its "gravest concern" that parts of Iraq and Syria are now under the control of the Islamic State in Iraq and the Levant (ISIL) and Al-Nusra Front, the United Nations Security Council has approved sanctions againt the terrorist groups.read more »

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SEC Announces Charges in Houston-Based Scheme Touting Technology to End Fracking

17 Aug 07:12 | Business

The Securities and Exchange Commission has announced charges against a Houston-based penny stock company and four individuals behind a pump-and-dump scheme that misled investors to believe the company was on the brink of developing revolutionary technology to enable environmentally friendly oil-and-gas production.read more »

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State of Emergency Declared in Ferguson

16 Aug 16:52 | U.S. News

Missouri Governor Jay Nixon has declared a state of emergency in parts of Ferguson and imposed a curfew following violent scenes that have played out on the streets as a result of the death of Michael Brown.read more »

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Ebola Cases And Deaths 'Vastly Underestimated'

15 Aug 15:22 | World

Health workers at Ebola outbreak sites are seeing evidence that the numbers of reported cases and deaths "vastly underestimate" the magnitude of the crisis as they work around the clock to stop the disease from spreading, according to the World Health Organization (WHO).read more »

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People Fake To Look Authentic On Social Media

15 Aug 15:57 | SciTech

Presenting an authentic image on social network sites (SNSs) includes an element of fakery according to a new study by researchers at Aalto University. read more »

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Bigger Government Makes for More Satisfied People, Study Finds

15 Aug 15:27 | SciTech

People living in countries with governments that spend more on social services report being more contented, according to a Baylor University study. read more »

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9/11 Dust Cloud May Have Caused Widespread Pregnancy Issues

15 Aug 13:25 | U.S. News

Pregnant women living near the World Trade Center during 9/11 experienced higher-than-normal negative birth outcomes, according to a new working paper by Princeton University's Woodrow Wilson School of Public and International Affairs.read more »

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Mars 2020 Rover Payload To Explore The Red Planet As Never Before

15 Aug 10:14 | SciTech

The next rover NASA will send to Mars in 2020 will carry seven carefully-selected instruments to conduct unprecedented science and exploration technology investigations on the Red Planet.read more »

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Food Allergies More Widespread Among Inner-City Children

15 Aug 12:11 | SciTech

Already known for their higher-than-usual risk of asthma and environmental allergies, young inner-city children appear to suffer disproportionately from food allergies as well, according to results of a study led by scientists at the Johns Hopkins Children's Center.read more »

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Pastor Charged For Embezzling More Than $900,000 From Community Center

15 Aug 10:08 | U.S. News

Willard Lenord Jones, 63, of Tulsa, Church pastor and former Executive Director of the Greater Cornerstone Community Development Project, has been charged with three counts of wire fraud and one count of subscribing to a false tax return by criminal information.read more »

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'Increasing Concern' About Ukraine Crisis

15 Aug 08:56 | World

UN Secretary-General Ban Ki-moon has spoken with Ukrainian President Petro Poroshenko, reiterating his urgent call to redouble political and diplomatic efforts towards a peaceful resolution in the crisis-torn country.read more »

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Deputy To Liberty Reserve Founder Pleads Guilty to Money Laundering

15 Aug 07:47 | U.S. News

Azzeddine El Amine, 47, of San José, Costa Rica, has pleaded guilty to money laundering and operating an unlicensed money transmitting business in connection with his role in running Liberty Reserve, a company that operated one of the world’s most widely used digital currency services.read more »

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Scenes Playing Out In Ferguson, Missouri 'Cannot Continue': Holder

14 Aug 15:35 | U.S. News

Attorney General Eric Holder said the death of Michael Brown in Ferguson, Missouri has understandably caused heartache, but the violent scenes playing out in the streets of Ferguson over the past several nights cannot continue.read more »

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In Midst Of Ebola Outbreak WHO Seeks To Allay Fears About Air Travel

14 Aug 15:56 | World

The World Health Organization (WHO) has sought to allay fears amid reports that airlines are suspending flights over the Ebola outbreak by sending out a social media messages with assurances that "unlike infections like influenza and tuberculosis, Ebola is not airborne." read more »

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Robin Williams Had Early Stages Of Parkinson's Disease Says Susan Schneider

14 Aug 15:51 | Entertainment

Robin Williams wife Susan Schneider has issued a statement saying the comedy icon had the early stages of Parkinson's Disease, which he was not yet ready to share publicly.read more »

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Mortgage Rates Slightly Lower

14 Aug 15:25 | Business

Mortgage rates were slightly lower this week, with the benchmark 30-year fixed mortgage rate sliding to 4.27 percent, according to Bankrate.com's weekly national survey. read more »

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Study Uncovers EU Policy Shift On Tobacco Control After Massive Industry Lobbying

14 Aug 11:27 | World

A study has tracked how the dominance of language that first appeared in tobacco industry's submissions gradually crept into the final drafts of the European tobacco directive passed by the European parliament earlier this year. read more »

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National Guard Called In To Ferguson

18 Aug 15:06 | U.S. News

Missouri Governor Jay Nixon has called in the Missouri National Guard to help restore peace and order in Ferguson following a night of violence. read more »

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Can Our Computers Continue To Get Smaller And More Powerful?

14 Aug 11:16 | SciTech

From their origins in the 1940s as sequestered, room-sized machines designed for military and scientific use, computers have made a rapid march into the mainstream, radically transforming industry, commerce, entertainment and governance while shrinking to become ubiquitous handheld portals to the world.read more »

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Former Associate Dean of MIT Sloan School And Son Agree To Plead Guilty in Hedge Fund Scam

14 Aug 10:05 | Business

A former associate dean of MIT Sloan School and his Harvard MBA son have been charged with conspiracy to commit securities fraud, wire fraud and obstruction of justice.read more »

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More Than 1 Million People Affected By Ebola Outbreak

14 Aug 08:54 | World

The United Nations says more than 1 million people are affected in the so-called Ebola "hot zone of disease transmission" on the borders of the three countries most impacted by the disease. read more »

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Mt Sinjar Humanitarian Operation In Iraq A 'Success' Says U.S. Military

14 Aug 07:27 | World

The U.S. military says humanitarian air drops, air strikes on ISIL targets and the efforts of the Peshmerga on Mt. Sinjar in Iraq have been a success allowing thousands of Yazidis to escape.read more »

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NABJ Condemns Arrest Of Journalists In Ferguson

14 Aug 01:12 | U.S. News

The National Association of Black Journalists says it strongly condemns the arrests of Washington Post reporter Wesley Lowery and Huffington Post reporter Ryan J. Reilly in Ferguson, Missouri on Wednesday. read more »

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'Barbaric' Sexual Violence Perpetrated By Islamic State Militants In Iraq

13 Aug 15:49 | World

Two senior United Nations officials have condemned in the strongest terms the “barbaric acts” of sexual violence and “savage rapes” the armed group Islamic State (IS) has perpetrated on minorities in areas under its control.read more »

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Snow Has Thinned On Arctic Sea Ice

13 Aug 15:36 | SciTech

Modern measurements and historic observations provide a decades-long record showing that the snowpack on Arctic sea ice is thinning.read more »

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Former Head Of Cleveland Anti-Poverty Agency Charged With Bribery, Conspiracy

13 Aug 15:29 | U.S. News

The former head of a Cleveland-area anti-poverty agency was charged with accepting more than $23,000 in cash, home renovations and other things of value in exchange for steering work to specific contractors, law enforcement officials said.read more »

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Ebola Protein Blocks Early Step In Body's Counterattack On Virus

13 Aug 15:25 | SciTech

One of the human body's first responses to a viral infection is to make and release signaling proteins called interferons which amplify the immune system, but a mechanism unique to the Ebola virus defeats attempts by interferon to block viral reproduction in infected cells.read more »

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Medical Device Company Officials Admit Scheme To Defraud Hospitals of $800,000

13 Aug 09:30 | U.S. News

A regional manager and a product specialist selling medical devices to hospitals for Integra LifeSciences Corp. of Plainsboro, New Jersey, have admitted their roles in a scheme to defraud hospitals of more than $800,000.read more »

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Beauty Contestant Busted Through Social Media For Employment Fraud

13 Aug 07:28 | U.S. News

Shawna Lynn Palmer, 22, of Riverside was arrested on Friday for workers' compensation fraud after video evidence showed her participating in the 2014 Miss Toyota Long Beach Grand Prix beauty contest.read more »

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