Tag: USA

Hordes of red crabs wash up on Southern California beaches

(Reuters) Hundreds of thousands of tiny crabs have been washing up on Southern California beaches, marring the sandy coastline with streaks of red, as warm ocean currents carry them farther north and closer to shore than usual. The red tuna crabs have been dying in hordes on beaches from San Diego to Orange County, although some have been washed back out to sea alive. Such strandings take place periodically and are not necessarily a threat to […]

Bank of America to pay $9.3 billion to settle mortgage bond claims

By Margaret Chadbourn and Aruna Viswanatha WASHINGTON Wed Mar 26, 2014 6:42pm EDT (Reuters) – Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash and $3.2 billion in securities that Bank of America will […]