Reuters - Florida sued mortgage lender Countrywide
Financial Corp on Monday for predatory lending
practices, alleging the company at the center of the U.S.
mortgage crisis made subprime loans to people who could not
repay them.
AP - Wall Street ended a depressing week with another big loss on Friday, with the Dow Jones industrials falling more than 100 points amid ever-escalating worries about high oil prices and fallout from the credit crisis. The major indexes are all down more than 3 percent for the week.
AFP - British investment group Resolution said Friday it had abandoned its funding plan for home-loans provider Bradford & Bingley because of opposition from management at the group it sought to buy.
