Archive for October, 2009



Contributions to Rep. Barton’s foundation probed

Saturday 31 October 2009 @ 11:10 pm

The Office of Congressional Ethics reviewed contributions made by corporations to a foundation created by Rep. Joe L. Barton (R-Tex.), the ranking Republican on the House Energy and Commerce Committee, according to an internal document from the House ethics committee — a separate investigative b…





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House subcommittee created to investigate Rep. Maxine Waters

Saturday 31 October 2009 @ 11:10 pm

The House ethics committee announced Thursday afternoon that it had voted to establish a subcommittee to investigate Rep. Maxine Waters (D-Calif.), who is under scrutiny for her ties to a bank that received federal bailout money.





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Doubts greet Obama’s financial oversight plan

Saturday 31 October 2009 @ 10:10 pm

The Obama administration on Thursday ran into skepticism from lawmakers on both sides of the aisle, as well as a key regulator, as it pushed for broad new powers to monitor risks throughout the financial system and to wind down large, troubled financial firms whose failure could endanger the econ…





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Stocks swoon as worries about the economy return

Saturday 31 October 2009 @ 10:10 pm

NEW YORK — Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens.

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Ford hopes dim as workers veto changes

Saturday 31 October 2009 @ 10:10 pm

Ford Motor Co.’s hopes for a cost-cutting labor agreement grew dimmer, with a key local union in Kentucky rejecting changes to workers’ contracts.

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ALL BUSINESS: Credit-card rates up before new law

Saturday 31 October 2009 @ 10:10 pm

NEW YORK — Have you checked the interest rates on your credit cards lately? Odds are they’re going way up.

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Ethics panel scrutinizing dozens of House members

Saturday 31 October 2009 @ 10:10 pm

WASHINGTON — Dozens of lawmakers have drawn scrutiny from their ethics monitor this year for everything from financial dealings to travel and campaign donations, according to a leaked account showing an active House panel secretly at work.

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Crime-weary Ohioans say cops tell them to move out

Saturday 31 October 2009 @ 10:10 pm

Residents of Ohio’s capital city are complaining that police officers are telling them to move out if they’re fed up with neighborhood crime.

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Lurking doubts launch a sell-off

Saturday 31 October 2009 @ 10:10 pm

Wall Street recorded its sharpest drop in six months Friday as investors, who have been groping for evidence that an economic recovery is gaining steam, responded to renewed signs of weakness calling into question how vigorous the rebound might be.

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CIT moves closer to pre-packaged bankruptcy approval

Saturday 31 October 2009 @ 10:10 pm

NEW YORK (Reuters) - CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health.





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