August 2014

Target stores in Central Valley, California are dealing with an all-too-familiar issue: another credit card data breach has hit branches in the area. This comes eight months after the retailer first announced it had been struck with a massive data breach last December.

When Superstorm Sandy struck the northeast coast in the fall of 2012, thousands of cars were trapped in saltwater for days, particularly in areas around New York and New Jersey.  Many of these cars were written off by insurers, while others were maintained to salvage non-corroded parts.

However, many Sandy ravaged vehicles found their way to used car dealerships across the country.  One such dealership, D&D Auto Sales in the New Jersey township of Old Bridge is alleged to have sold at least seven cars salvaged from the floods to customers who were unaware of the damages.

The 6.0 magnitude earthquake that hit the Greater San Francisco Area last weekend was the largest seismic movement of its kind in 25 years.  The US Geological Survey says the economic cost from the quake could be as much as $1 billion as the quake damaged homes, caused massive fires, and left over 100 people injured.

Wall Street giant Goldman Sachs will pay $3.15 billion to settle a lawsuit with the Federal Housing Finance Agency, finally resolving claims that the American firm misled Fannie Mae and Freddie Mac about mortgage securities sold in 2007 before the collapse of the housing market.