WaMu deal

The FDIC’s board ap proved a global settle ment, resolving claims against bankrupt Wash ington Mutual Inc. over the biggest US bank failure. A bankruptcy judge must agree to the settlement.

Goldman out

Goldman Sachs is being shown the door as financial and swap ad viser to the New York Metropolitan Transit Authority, the nation’s largest transit system, according to documents posted on the financially troubled agency’s Web site.

AIG costs

AIG’s US government rescue may cost taxpay ers $2.9 billion less than previously estimated be cause prospects for the insurer have improved, the Treasury Department said. AIG’s bailout is ex pected to cost the Trea sury $45.2 billion, based on March 31 data, com pared with a $48.1 billion estimate from November 2009, the department said.

Dressed up

Ann Taylor Stores Corp. reported higher- than-expected quarterly earnings as demand at its women’s clothing stores was stronger than antici pated and it benefited from more full-price sell ing.