Financial services

The Wanda Group, a Chinese company with diversified investments in the entertainment industry, has agreed to buy AMC Entertainment, the nation’s second-largest theater chain. The deal marks the largest investment to date by a Chinese company in the American film industry.

To end a federal discriminatory lending lawsuit, Bank of America will pay the largest fine ever assessed in that sort of case, in connection with discriminatory lending practices by the Countrywide company it bought.

With the costs of pension plans skyrocketing, governments are trying to move new employees to 401k-style plans. But will that just leave them with skyrocketing welfare budgets down the road?

An angry Bank of America customer has launched an online petition to protest the bank’s planned debit card fee of $5 per month. Almost 225,000 people have signed it.

In its plan, the Defense Business Board proposes doing away with the traditional pension program for any members serving 20 years.