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US challenges deal to merge Budweiser and Corona

Corona

The Justice Department filed a lawsuit Thursday to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers like Budweiser and Corona.

 

Congress passes $50.5B Superstorm Sandy aid bill

Congress is sending a $50.5 billion emergency relief measure for Superstorm Sandy victims to President Barack Obama for his signature.

 

Bloomberg's giving to school tops $1B

Michael Bloomberg

A kid raised in a middle-class Boston suburb, Michael Bloomberg took out loans to pay for his tuition at Johns Hopkins University and worked as a parking lot attendant.

 

Welcome To The Club: 2013's Newest Billionaires

As the Forbes Wealth team gears up to bring you the Billionaires issue this March -- featuring an extensive catalog of the world's wealthiest people -- we've been finding massive hidden fortunes across the globe. If you're a regular on Forbes.com, you've probably noticed that our homepage has been clogged with new names, some familiar, many more obscure, as we've rifled through financial and legal documents and talked with sources at all hours of the day (and night). We do it all in the name of making public fortunes that many would prefer stay private.

 

AT&T to Buy Verizon Spectrum

AT&T agreed to buy U.S. spectrum licenses covering 18 states from rival Verizon Wireless for $1.9 billion in cash.

 

Citigroup profit hit by more than $2 billion in charges

Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under new Chief Executive Michael Corbat, who said the bank needs to do better for shareholders.

 

DealBook: Rescued by a Bailout, A.I.G. May Sue Its Savior

A lawsuit claims that the rescue by the government deprived A.I.G.'s shareholders of tens of billions of dollars and took private property for public use without appropriate compensation.

 

10 banks agree to pay $8.5B for foreclosure abuse

Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

 

DealBook: Bank of America to Pay $10 Billion in Settlement With Fannie Mae

Countrywide

Bank of America agreed on Monday to pay more than $10 billion to Fannie Mae to settle claims over troubled mortgages that soured during the housing crash, mostly loans issued by the bank's Countrywide Financial subsidiary.

 

Lenders Said to Be Near Deal of Foreclosure Claims

A $10 billion settlement to resolve claims of foreclosure abuses by major lenders is expected to be announced on Monday, several people with knowledge of the discussions said.

 

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