Financial News Headline: Banking and Finance

Banking

Senate Banking Committee Chairman Christopher Dodd to ... - Deseret News

... raised new questions about Congress' ability to respond to a financial crisis that erupted more than 18 months ago with the collapse of Lehman Brothers. Four weeks of negotiations between Dodd, D-Conn., and Republican Sen. Bob Corker had closed ...

Fri, 12 Mar 2010 03:13:00 GMT

Examiner Sees Accounting Gimmicks in Lehman Demise - ABC News

NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. In a 2,200 ...

Fri, 12 Mar 2010 10:44:00 GMT

Give the funny old man some pie - Los Angeles Times

Ijust turned 55 years old. This year my age and the last two digits of my birth year are the same. That happens only once in a lifetime. I turned 55 on stage in Jersey and more than 1,000 audience members sang "Happy Birthday." I blew out some ...

Fri, 12 Mar 2010 10:58:00 GMT

4th UPDATE: UBS Urges Swiss Parliament To Pass US-Swiss ... - NASDAQ

ZURICH -(Dow Jones)- UBS AG (UBS) has stepped up its lobbying efforts for a U.S.-Swiss tax deal over confidential bank data, urging parliamentary representatives to vote for the passage of the deal. The U.S. Internal Revenue Service has uncovered as ...

Fri, 12 Mar 2010 11:41:00 GMT

Chris Dodd tries to beat the clock with bank reform - Politico.com

The specter of health care has invaded Senate efforts to pass financial reform legislation, threatening to poison another Obama administration priority. Republicans blamed health care reform for Senate Banking Committee Chairman Chris Dodd’s ...

Fri, 12 Mar 2010 10:23:00 GMT

Tea parties stir evangelicals' fears - Politico.com

A reeling economy and the Obama administration’s massive bank bailout and stimulus plan were the triggers for a resurgence in support for the Republican Party and the rise of the tea party movement. But they’ve also banished the social issues ...

Fri, 12 Mar 2010 10:08:00 GMT

A Woman to Step in as Vice Chairman at Fed - Daily Finance

Janet Yellen, the President of the San Francisco Fed, will be nominated as the new Vice Chairman of the Federal Reserve. Yellen is more visible than many of the regional chiefs and speaks extensively on monetary policy. It's too early to tell if she ...

Fri, 12 Mar 2010 09:54:00 GMT

Israel Seals off West Bank to Prevent Unrest - ABC News

Palestinian women supporters of the Islamic Jihad movement march during a rally against Israel's... Palestinian women supporters of the Islamic Jihad movement march during a rally against Israel's decision to include two West Bank shrines on a list ...

Fri, 12 Mar 2010 08:50:00 GMT

The Depression is Already Here for Some Members of ... - Huffingtonpost.com

This is the 2nd to last installment in my Pan-European Sovereign Debt Crisis series. After covering western and southern Europe, we are moving eastward. Before we go any further, be sure you have caught up on the previous portions: Austria, Belgium ...

Fri, 12 Mar 2010 09:25:00 GMT

Three of top 4 seeds bumped in Big East quarters - ESPN.com

NEW YORK -- It was a bad day to be a favorite at the Big East tournament. Three of the conference's top four teams were beaten in the quarterfinals Thursday at Madison Square Garden, jumbling the league's NCAA picture and setting up a pair of ...

Fri, 12 Mar 2010 09:04:00 GMT

Business

U.S. recouping lost wealth - The Post and Courier

That illustrates Americans' vast loss of wealth from the worst downturn since the 1930s. Growth in stock portfolios delivered the biggest lift to net worth ... 2 percent, according to the National Association for Business Economics. By contrast, in ...

Fri, 12 Mar 2010 05:08:00 GMT

Southridge Investment Group is Honored by Small Business Commerce Association as Ridgefield Best of Business - PRWeb

Southridge Investment Group has been selected for the 2009 Best of Business Award in the Personal service agents, brokers, and bureaus category by the Small Business Commerce Association (SBCA). Ridgefield, CT ( PRWEB ) March 12, 2010 -- Southridge Investment Group has been selected for the 2009

Fri, 12 Mar 2010 08:07:00 GMT

Obama says it's time to vote on health care plan - Tulsa World

... taxpayers almost $100 billion last year alone," Obama said at a rally in this St. Louis suburb. He said such payments amounted to more than is spent on the Education Department and the Small Business Administration ... his voice rising.

Thu, 11 Mar 2010 08:29:00 GMT

Royal Dutch Shell to Nominate Mr. Charles O. Holliday ... - MSN Money

Mr. Holliday currently serves as an Executive in Residence at Vanderbilt University Business School and Chairman Emeritus of the Council on Competitiveness. Holliday previously served as Chairman of the World Business Council for Sustainable ...

Thu, 11 Mar 2010 07:53:00 GMT

EXCLUSIVE - Time for next stage of sustainable business ... - Reuters India

Environmental and social issues are core to business performance in the 21st century," Anne Stausboll, chief executive officer of the California Public Employees Retirement System, the biggest U.S. public pension fund and a Ceres member, said in a ...

Thu, 11 Mar 2010 08:44:00 GMT

Steve Madden to Participate in CL King's Best Ideas ... - Newsblaze.com

BUSINESS WIRE) - Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion footwear and accessories ... The 40-minute presentation and Q&A session, which will be webcast live, begins at 1:20pm Pacific Time. Edward Rosenfeld, Chairman ...

Thu, 11 Mar 2010 21:01:00 GMT

ACORN agrees to surrender Ohio business license in ... - Chicago Tribune

COLUMBUS, Ohio (AP) — The community organizing group ACORN has agreed to give up its Ohio business license and not return under another name, as it has in other states, under a settlement struck with a libertarian center that sued it. U.S. District ...

Thu, 11 Mar 2010 22:55:00 GMT

More Business - San Francisco Chronicle

The Federal Aviation Administration said Friday it would fine American $787,500 for three cases of alleged maintenance problems. In one case, regulators say the airline operated a plane without replacing a central computer on the jet. The FAA says ...

Fri, 12 Mar 2010 17:25:00 GMT

Examples of Flawed Business Models, and How to Avoid ... - Associated Content

As a business advisor, one of my first concerns when dealing with a new client is the company's business model. Through the years, I have learned that there are three possible aspects of a business model that will spell failure for a company. If you ...

Fri, 12 Mar 2010 16:35:00 GMT

Business Headlines

Stocks trade flat after mixed economic reports (AP)

Fri, 12 Mar 2010 17:01:44 GMT

A happy surprise in retail sales figures (AP)

Fri, 12 Mar 2010 17:03:11 GMT

FDA warning: some patients cannot process Plavix (AP)

Fri, 12 Mar 2010 17:44:38 GMT

AP Source: Obama wants Yellen as Fed vice chair (AP)

Fri, 12 Mar 2010 12:19:25 GMT

UBS says IRS has 20 Swiss banks in its sights (AP)

Fri, 12 Mar 2010 12:28:37 GMT

Infant deaths prompt gov't warning on slings (AP)

Fri, 12 Mar 2010 17:39:34 GMT

SEC head urges Congress to act on derivatives (AP)

Fri, 12 Mar 2010 01:31:30 GMT

Canada's unemployment rate drops (AP)

Fri, 12 Mar 2010 14:02:34 GMT

Clear Channel Outdoor climbs after 4Q results (AP)

Fri, 12 Mar 2010 17:24:04 GMT

EU ministers to mull Greek rescue plan (AFP)

Fri, 12 Mar 2010 17:41:45 GMT

Finance

High & Low Finance - New York Times

Years after Charles Ponzi was imprisoned for a fraud that cost victims millions of dollars in 1920, the state of Massachusetts determined it had recovered all the assets it could, and began to distribute them to victims, who stood to receive less ...

Fri, 12 Mar 2010 06:48:00 GMT

Eastlake picks new finance director - News-Herald.com

Fri, 12 Mar 2010 05:58:00 GMT

E. Hampton finance board starts budget review - Middletown Press

Fri, 12 Mar 2010 07:02:00 GMT

Strategic Finance in receivership - National Business Review

Fri, 12 Mar 2010 06:41:00 GMT

UPDATE: Thai Finance Minister: Thaksin Funds To Help ... - NASDAQ

TOKYO -(Dow Jones)- Thailand's finance minister said Friday that $1.4 billion of assets seized from former Prime Minister Thaksin Shinawatra would go into the state coffers, helping reduce the government's deficit. "For the time being the government ...