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Washington Mutual, the Seattle-based bank known for its buoyant advertising slogan, “Whoo hoo!,” had little to cheer about as it reported a staggering $3 billion loss _ the biggest quarterly loss in its history.The nation’s largest savings and loan...
Washington Mutual says it swung to a loss in the second quarter as it increased to more than $8 billion its reserve to cover sour loans.For the April-to-June period, the Seattle-based bank says it lost $3.33 billion, or $6.58 per share, which compares...
Olympic champion Amanda Beard has been disqualified in the 200-meter breaststroke preliminaries at the Mutual of Omaha Swimvitational because of a flaw in her technique.USA Swimming spokeswoman Karen Linhart said Friday that officials disqualified Beard...
Liberty Mutual Group Inc. said Wednesday it has agreed to buy Safeco Corp. for $6.2 billion in cash in a deal to create the nation’s fifth-largest property and casualty insurer.The boards of Boston-based Liberty Mutual and Seattle-based Safeco approved...
Liberty Mutual will buy Safeco for $6.12 billion in a deal to create the country’s fifth-biggest property insurer.Liberty Mutual, a privately owned insurer based in Boston, has offered $68.25 per share for Safeco, a 51 percent premium to Tuesday’s...
Washington Mutual says it lost more than $1 billion in the first quarter as the struggling economy and flagging real estate values pummeled the bank’s borrowers.The Seattle-based bank lost more than $1.1 billion, or $1.40 per share, compared with a...
Activist shareholders’ attempts to unseat several Washington Mutual Inc. board members will come to a vote Tuesday when the thrift, badly battered by the subprime mortgage crisis, holds its annual meeting and reports what are expected to be abysmal...
Washington Mutual says it will receive $7 billion in new capital from an investment group led by private equity firm TPG.The new investment will boost the Seattle-based bank’s capital at a time when it has been hit hard by rising delinquencies and...
Washington Mutual Inc., the country’s largest savings and loan, is close to landing a $5 billion cash infusion from private equity group TPG and other investors, a person familiar with the matter said Monday.Wall Street cheered news that WaMu may join a...
Washington Mutual Inc., the country’s largest savings and loan, is close to landing a $5 billion cash infusion from private equity group TPG and other investors, according to a report Monday in The Wall Street Journal.Wall Street cheered news that WaMu...
For all those Eva fans, Eva Longoria has broken up with boyfriend Tony Parker after dating him for more than two years. The couple was planning to tie the knot in near future and looked madly in love with each other.
Although its being said that the...
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In this July 15, 2008 file photo, pedestrians walk past a Washington Mutual Inc. branch in downtown Seattle. Washington Mutual Inc. on Tuesday, July 22, 2008 said it lost a staggering $3 billion during the second quarter as it increased its loss reserves...
