JPMorgan, Citi, BofA sued for $949 million by Sealink (Reuters)
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Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.
Wall Street flat after housing data; S&P near key level (Reuters)
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Reuters - Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the S&P 500 struggled to break through a high not seen since last May.
Existing home sales at 1-1/2 yr-high, supply falls (Reuters)
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Reuters - U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.
MOEK settlement brings money to Mississippi (AP)
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AP - Mississippi's share of a settlement from a minority partner in BP's blown-out well in the Gulf of Mexico will go into the state's Pollution Emergency Fund.



February 22nd, 2012