July 14th, 2014
08:56 PM ET

Teen nabs picture with Mccartney & Buffett

What would you do if you saw one of the most famous rock stars in the world sitting on a park bench with one of the wealthiest people ever?

Jeanne Moos has the story.

Filed under: Jeanne Moos • OffBeat
July 14th, 2014
08:41 PM ET

Citi to pay $7B mortgage settlement

Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

It includes $4 billion in penalties, $2.5 billion in mortgage modifications and other relief to homeowners, and $500 million going to five states and the Federal Deposit Insurance Corp.

The settlement means Citi will be able to avoid a civil suit by the Justice Department and mirrors similar agreements with JPMorgan Chase (JPM) and other lenders in recent years.

While Citi took a $3.8 billion hit because of the deal, which essentially wiped out its earnings for the quarter, it can afford it. Last year, the bank earned $14 billion and had $35 billion of cash on its balance sheet as of June 30.


Filed under: Business • Economy • News
July 14th, 2014
08:28 PM ET

Holder: "Racial animus" fuels opposition to Obama

President Barack Obama's top law enforcement official citing race as the reason behind opposition to the president.

Attorney General Eric Holder on Sunday told ABC's "This Week" that "there's a certain level of vehemence, it seems to me, that's directed at me (and) directed at the President. ... There's a certain racial component to this for some people."

Some media conservatives say he's playing racial politics.

OutFront to debate Holder's remarks, CNN Political Commentators Greg Anthony and Ben Ferguson, and CNN Legal Analyst Sunny Hostin.

Filed under: News • Politics • Racism
July 14th, 2014
08:22 PM ET

Alleged killer call girl's self-destructive behavior: She was clearly "gone in her addiction," friend says

The state of California is preparing to formally charge the high-priced prostitute linked to two fatal heroin overdoses – including the 51-year-old Google executive found dead on his luxury yacht.

Alix Tichelman will be in court Wednesday for her arraignment. Investigators say she cooked up a fatal dose of heroin and then injected the father of five and left him to die.

A claim that's not surprising to those who knew her in the months leading up to the murder.

Dan Simon is OutFront with more.

View my Flipboard Magazine.

Filed under: Justice • News • Tech exec killed
July 14th, 2014
08:11 PM ET

Hamas calls cease-fire proposal a 'joke', Israel 'seriously' considers

The Israeli security cabinet is set to meet Tuesday morning to review a ceasefire proposal put forward by Egypt.

Israeli officials say the proposal is being taken very seriously. But Hamas may not be willing to negotiate.

Amid fighting, Israeli Cabinet to consider possible cease-fire

A Hamas spokesman describes Egypt's proposal for a cease-fire as a joke: "It's an initiative for the media. It's not a political initiative."

U.S. officials, meanwhile, tell CNN Secretary of State John Kerry is preparing a possible trip to the Middle East to lay the groundwork for a ceasefire agreement.

OutFront, the former Israeli Ambassador to the United States- and now a CNN Middle East analyst – Michael Oren.

Filed under: Hamas • Israel • Israel-Gaza conflict • News
« older posts