Citigroup paying $75M to settle civil charges Herald Tribune | WASHINGTON - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. | The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It said...
Wall Street falls on economic outlook The Times Of India NEW YORK: US stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. | A three-day rally built on strong earnings boosted the index to close Monday above its 200-...
Company at center of Mich. oil cited for problems Herald Tribune | BATTLE CREEK, Mich. - A Canadian company at the center of a huge oil spill in southern Michigan has a history of pipeline problems, including leaks, an explosion and dozens of regulatory violations. | Enbridge Inc. or its affiliates have been cited...
For Gulf, renewal is a tall order Herald Tribune | HOUMA, La. - Loulan Pitre Sr. was born on the Gulf Coast in 1921, the son of an oysterman. Nearly all his life, he worked on the water, abiding by the widely shared faith that the resources of the Gulf of Mexico were limitless. | As a young Marine ...
New York Fed: Toxic assets from AIG gaining value Herald Tribune | WASHINGTON - The Federal Reserve Bank of New York says toxic assets that the government took over from American International Group Inc. and Bear Stearns at the height of the financial crisis are gaining value for the first time. | The New York Fed...
PGW’s rate-hike request cut 58% Philadelphia Daily News | Philadelphia Gas Works won approval for a rate hike that was less than half what the company sought, the Pennsylvania Public Utility Commission said today. | The change will raise the monthly bill for a typical customer by $3.58, or 2.72 percent, i...
Obama: We'll get back money from auto bailout Herald Tribune | WASHINGTON - President Barack Obama says the government will recover all the taxpayer money his administration used to bail out the auto industry last year. | In an interview aired Thursday on the ABC daytime talk show "The View," Obama said the au...
Gov't warned company about oil pipeline monitoring Herald Tribune | BATTLE CREEK, Mich. - A Canadian company whose pipeline leaked hundreds of thousands of gallons of oil into a major Michigan river was warned by government regulators in January that its monitoring of corrosion in the pipeline was insufficient. | T...
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Treasury to hold conference on Fannie,Freddie Herald Tribune | WASHINGTON - The Treasury Department, under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac, says it will hold a conference in next month t...
Oracle contradicts president's statement The Business Review Send this story to a friend | Email address of friend (insert comma between multiple addresses): Your email address: Add a brief note: | Enter words from the security image above: ...
US bank failures in 2010 surpass 100 Herald Tribune | WASHINGTON - U.S. bank failures this year have surpassed a bleak milestone of 100 as regulators shut down banks in Georgia, Florida, South Carolina, Kansas and Minnesota. | The f...
Connecticut Metro Areas In Middle Of Foreclosure Pack Hartford Courant Homes hit with foreclosure filings in Connecticut's four largest metro areas surged in the first half of the year, but the areas were in the middle of the pack nationwide when it came to how those filings were spread out over all households in those ...
Chesapeake Midstream IPO raises $446 million Tulsa World Chesapeake Midstream Partners LP, a pipeline operator owned by Oklahoma City-based Chesapeake Energy Corp., raised $446 million in its initial public offering after pricing shares at the high end of the forecast range. | Chesapeake Midstream sold 21....
Fed report on shaky economy ends four-day market rally Tulsa World Investors cashed in some of their recent gains Wednesday after the Federal Reserve gave them more confirmation that the economic recovery is slowing. | In its regional survey of the economy, known as the “beige book,” the Fed said economic growth...
Obama not invited for Chelsea Clinton's wedding The Siasat Daily | Washington, July 29: Chelsea Clinton's marriage Saturday is the hottest ticket in town, but President Barack Obama would have to give a miss to what is being called the Wedding of the Decade and of the Century as he hasn't been invited. | He hasn't received an invitation to the wedding of the daughter of former President Bill Clinton and Secretar...
Wall Street declines on Fed official's remarks China Daily | NEW YORK - Wall Street declined on Thursday after a Federal Reserve official made cautious comments on the U.S. economy. | The Labor Department reported the number of people filling for jobless benefits dropped by 11,000 to 457,000 in the week ended July 24, basically in line with market expectation. | James Bullard, president of the Federal Rese...
