Latest Business News: Judge Rules Fed's Bernanke Should Testify in AIG Bailout Lawsuit

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Latest Business News: Judge Rules Fed's Bernanke Should Testify in AIG Bailout Lawsuit

Latest Business News: Judge Rules Fed's Bernanke Should Testify in AIG Bailout Lawsuit
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Latest Business News: Judge Rules Fed's Bernanke Should Testify in AIG Bailout Lawsuit

by Wochit 1:11 mins

Latest Business News: Judge Rules Fed's Bernanke Should Testify in AIG Bailout Lawsuit

by Wochit 1:11 mins

A judge ruled that Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by AIG's former chief Maurice 'Hank' Greenberg against the United States over the insurer's 2008 bailout. Judge Thomas Wheeler of the U.S. Court of Federal Claims said the Fed chairman was a "central figure" in the decision to bail out AIG. Apple is planning to release iOS 7 beta 4 now that the iOS developer portal is back up. The company's fourth iOS 7 update should be over the air and through Apple's developer site. Additionally, one source says the company plans to release just two more betas for developers before the gold master version is released in early September. If this happens, we could likely see new iPhone handsets released around mid-to-late September. Contracts to purchase previously owned U.S. homes fell in June, retreating from a more than six-year high touched the prior month, suggesting rising mortgage rates were starting to dampen home sales.

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