Business

    Did Debt Collector Fake Suicide Call?

    When Anne Sessions, 85, of Lane County, Ore., fell behind in her credit card payments, she said an aggressive debt collector harrassed her to the point of calling the police with a phony claim she threated to commit suicide, costing her $1,055 in medical bills. Now she is suing for $250,000 over the incident which led to an involuntary hospital visit. Sessions fell behind on her credit card payments in 2010 after making regular payments for years due to unanticipated financial setbacks, potentially facing foreclosure. As she survived on a fixed income from social security and a "very modest" pension, she was strapped.

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    Bank of America Declares Live S.C. Customer Dead

    Arthur Livingston, 39, a Bank of America customer, says the company has been reporting him as deceased to all major credit agencies since May 2009.

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    Polo Club Founder's Kids Want Girlfriend Adoption Tossed Out

    Attorneys for the biological children of the Florida multi-millionaire who adopted his adult girlfriend have asked a judge to throw out what many consider to be a sham adoption enacted so the man can keep his money as he faces a $100 million lawsuit.

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    Fun Valentine's Gifts for the Loves In Your Life

    Valentine's Day is fast approaching. Do you know what you're going to give your sweetie? Kate Dimmock, Style Director of People Style Watch magazine, picked our her favorite gifts for everyone on your list on "Good Morning America."

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    Girl Burned, Coffee Brewers Recalled

    The U.S. Consumer Product Safety Commission and Health Canada announced a recall of more than 1 million Tassimo Single-Cup Brewers after more than 100 reports of the brewers spraying hot liquid and burning users. According to the CPSC, about 835,000 brewers  in the U.S. and 900,000 in Canada are...

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    $25B Mortgage Deal: What It Means

    While the $25 billion foreclosure settlement announced on Thursday is a landmark multi-state deal, it is just a "drop in the bucket" that will help residents of some states more than others, housing advocates say. The five biggest mortgage servicers, JPMorgan Chase, Citi, Ally Financial, Wells Fargo and Bank of America, have settled, but more could potentially join later. Under the deal, signed by 49 state attorneys general, 750,000 people could receive checks under the plan, and another 1 million could see the size of the mortgage reduced.

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    Kodak to Stop Making Camera Models

    Say goodbye to capturing Kodak moments. On the heels of its Chapter 11 bankruptcy filing, Eastman Kodak Company announced on Thursday it will stop making digital cameras during the first half of this year to focus on more profitable areas of the company. In a...

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    Feds Announce $25B Foreclosure Deal

    Government officials announced a record $25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents.

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    Groupon Shares Plunge After Loss

    Shares of deal site Groupon plunged this morning after the firm reported another quarterly loss when analysts had expected a profit. Groupon, which first sold shares to the public  Nov. 4 at $20 each, said after the markets closed Wednesday that the fourth-quarter loss was 2 cents...

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    Dreaded AMT Will Soon Affect Millions

    Get ready to start paying higher taxes—$3,900 to $8,000 more a year on average. Unless Congress acts, some 30 million Americans will have to pay the dreaded Alternative Minimum Tax (AMT), whose rates, depending on your income, are either 26 percent or 28 percent.

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