Alex Veiga

May 03, 2007 | Daily Report Online

LOS ANGELES AP - A federal judge signed off on a $1.53 billion jury verdict in favor of Alcatel-Lucent SA in a digital music patent dispute against Microsoft Corp.U.S. District Court Judge Rudi M. Brewster in San Diego entered his judgment Monday, concluding Microsoft's Windows Media Player software infringed on patents owned by Lucent Technologies Inc.

By Alex Veiga

2 minute read

December 04, 2007 | Daily Report Online

LOS ANGELES AP - A federal judge on Monday threw out an antitrust lawsuit that the operator of the LimeWire online file-sharing service filed against a coalition of major record labels.U.S. District Judge Gerard E. Lynch in New York ruled that Lime Group LLC failed to make its case that it has been harmed by the recording companies' business practices, and he granted the companies' motion to dismiss the claims.

By Alex Veiga

3 minute read

March 06, 2009 | Daily Report Online

LOS ANGELES AP - A federal grand jury on Thursday returned an indictment charging the former chairman and chief executive of KB Home with multiple counts of fraud and other crimes related to a stock option backdating scheme that authorities say bilked the homebuilder's shareholders out of millions of dollars.The 20-count indictment charges Bruce E.

By ALEX VEIGA

3 minute read

October 11, 2007 | Daily Report Online

By Alex Veiga

3 minute read

August 08, 2008 | Daily Report Online

AP - Beazer Homes USA Inc. said Friday it posted a narrower loss in its fiscal third quarter despite lower revenue as the homebuilder's expenses declined. The quarterly results fell short of Wall Street's expectations.Chief Executive Ian McCarthy said he expects continued tough industry conditions due to eroding consumer confidence and high inventories of unsold homes to extend into next year.

By ALEX VEIGA

4 minute read

February 11, 2008 | Daily Report Online

LOS ANGELES AP - Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.Full details of the initiative, the result of a pact with the national community advocacy group, were to be disclosed Monday.

By ALEX VEIGA

3 minute read

February 08, 2008 | Daily Report Online

LOS ANGELES AP Two California couples are suing KB Home and mortgage lender Countrywide Financial Corp., claiming the companies schemed with real estate appraisers to inflate prices paid for homes as the housing market began to tank.The complaint, filed Wednesday in Los Angeles Superior Court, also names as a defendants KB Home Mortgage Co.

By ALEX VEIGA

3 minute read

February 11, 2008 | Daily Report Online

By ALEX VEIGA

2 minute read

September 16, 2010 | Daily Report Online

LOS ANGELES AP - Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday.

By ALEX VEIGA

4 minute read

March 26, 2008 | Daily Report Online

By ALEX VEIGA

5 minute read