• SEC says it lacked authority to charge Moody’s over high ratings for risky investments

    Updated: 2010-08-31 22:28:35
    SEC says it lacked authority to charge Moody’s WASHINGTON — The Securities and Exchange Commission has declined to seek fraud charges against Moody’s Investors Services over its ratings of risky investments that led to the financial crisis. But the SEC said it decided against seeking civil charges only because it determined it lacked authority to charge a ... Read this article on Gaea Times at : SEC says it lacked authority to charge Moody’s over high ratings for risky investments.

  • Top 10 bailed-out banks spent over $16 million in 2010 first half lobbying on financial reform

    Updated: 2010-08-31 22:06:24
    more images more images 10 bailed-out banks spent $16.3M lobbying in 1H NEW YORK — The 10 banks that received the most bailout aid during the financial crisis spent over $16 million on lobbying efforts in the first half of 2010, as the debate over financial regulatory reform reached its height. Disclosure reports show that the banks that got [..] Read the original article: here.

  • SEC warns rating agencies to refrain from deceptive conduct; decides not to prosecute Moody’s

    Updated: 2010-08-31 21:07:16
    SEC warns agencies against deceptive ratings WASHINGTON — Federal regulators are warning credit rating agencies that they could face civil fraud charges for giving inaccurate ratings to investments. The Securities and Exchange Commission issued the warning Tuesday in a report on its investigation into a possible violation of the law by Moody’s Investors Service, one of the ... Read more : SEC warns rating agencies to refrain from deceptive conduct; decides not to prosecute Moody’s.

  • Federal judge temporarily blocks NY plan to tax reservation cigarette sales to non-Indians

    Updated: 2010-08-31 21:02:32
    Judge blocks NY plan to tax reservation cigarettes BUFFALO, N.Y. — A federal judge has temporarily blocked New York state’s plans to tax Native American cigarette sales to non-Indian customers. Judge Richard Arcara granted a request by two western New York tribes for a court order that would stop the state from imposing a $4.35 per-pack sales [..] Read the original article: here.

  • Commerce Dept finds that China unfairly helped its aluminum industry

    Updated: 2010-08-31 20:02:54
    US finds China unfairly helped aluminum industry WASHINGTON — The Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, determined Tuesday that Beijing unfairly subsidized $514 million in aluminum products last year. The Commerce Department stopped short of making a stronger ruling on claims by U.S. leaders and manufacturers that an undervalued ... Original article on : Commerce Dept finds that China unfairly helped its aluminum industry.

  • Citigroup spent $1.47 million lobbying in 2nd qtr on Wall Street reform, banking regulations

    Updated: 2010-08-31 19:35:09
    Citigroup spent $1.47M lobbying in 2nd quarter NEW YORK — Citigroup Inc. spent $1.47 million in the second quarter to lobby the federal government on various aspects of the financial regulatory overhaul and other issues, according to a disclosure report. That’s 12 percent less than the $1.67 million the bank spent lobbying in the year-ago period. For the ... Read this article on Gaea Times at : Citigroup spent $1.47 million lobbying in 2nd qtr on Wall Street reform, banking regulations.

  • US Bank spends $407,260 in 2nd quarter on lobbying about financial reform, tax bills

    Updated: 2010-08-31 19:32:33
    more images more images US Bank spends $407,260 on lobbying in 2nd quarter NEW YORK — U.S. Bank spent $407,260 on lobbying the federal government in the second quarter, according to a disclosure report. That’s more than two-and-a-half times than the $160,000 that the Minneapolis-based bank spent in the second quarter last year. For the first six months of .... Source article   US Bank spends $407,260 in 2nd quarter on lobbying about financial reform, tax bills.

  • Goldman Sachs Group spends $1.58 million in 2nd qtr lobbying on financial regulatory overhaul

    Updated: 2010-08-31 19:29:29
    Goldman Sachs spends $1.58M on lobbying in 2nd qtr NEW YORK — Goldman Sachs Group Inc. spend $1.58 million in the second quarter to lobby the federal government on issues related to the financial regulatory overhaul that President Obama signed in July. That’s more than double the $630,000 the investment bank spent in last year’s second quarter. ... Read : Goldman Sachs Group spends $1.58 million in 2nd qtr lobbying on financial regulatory overhaul.

  • Morgan Stanley spends $770,000 in 2nd quarter on lobbying about financial regulatory reform

    Updated: 2010-08-31 19:26:12
    Morgan Stanley spends $770,000 lobbying in 2nd qtr NEW YORK — Morgan Stanley spent $770,000 in the second quarter lobbying the federal government on financial regulatory reform and other issues, according to a disclosure report. That’s down 7 percent from the $830,000 the investment bank spent in the year-ago quarter. For the first six months of the ... Read more »raquo;.

  • Bank of America spent 1.09 million in 2nd quarter lobbying federal government on reform

    Updated: 2010-08-31 19:23:59
    more images more images BofA spent $1.09 million lobbying government in 2Q NEW YORK — Bank of America Corp. spent $1.09 million in the second quarter to lobby the federal government on various aspects of the financial regulatory overhaul and other issues, according to a disclosure report. That’s up 36 percent from the $800,000 it spent in the 2009 .... Original article   Bank of America spent 1.09 million in 2nd quarter lobbying federal government on reform.

  • Wells Fargo spends $1.29 million during 2nd quarter lobbying on financial regulatory reform

    Updated: 2010-08-31 19:20:46
    more images more images Wells Fargo spent $1.29M lobbying government in 2Q NEW YORK — Wells Fargo & Co. spent $1.29 million during the second quarter to lobby the government on a broad range of financial regulatory reform measures, according to a disclosure report That’s an 87 percent leap from the $690,000 the San Francisco-based bank spent during the ... Read the original article on Gaea Times at : Wells Fargo spends $1.29 million during 2nd quarter lobbying on financial regulatory reform.

  • JPMorgan Chase spends $1.52 million in 2nd quarter lobbying on financial reform, other issues

    Updated: 2010-08-31 19:17:33
    more images more images JPMorgan Chase spends $1.52M lobbying in 2nd qtr NEW YORK — JPMorgan Chase Bank spent $1.52 million during the second quarter to lobby the government regarding the financial regulatory overhaul and other issues. That’s a 14 percent drop from the $1.76 million the New York-based bank spent a year earlier. For the first six months of ... Original article on : JPMorgan Chase spends $1.52 million in 2nd quarter lobbying on financial reform, other issues.

  • PNC Bank spends $90,000 in 2nd quarter on lobbying on financial regulatory reform

    Updated: 2010-08-31 19:16:16
    more images more images PNC Bank spends $90,000 on lobbying in 2nd quarter NEW YORK — PNC Bank spent $90,000 to lobby the federal government on financial regulatory reform in the second quarter, according to a disclosure report. That’s nearly half of the $170,000 the Pittsburgh-based bank spent a year earlier. For the first six months of the year, PNC ... Read the original article on Gaea Times at : PNC Bank spends $90,000 in 2nd quarter on lobbying on financial regulatory reform.

  • Fed Minutes: Central bank discussed further moves to support the economy if needed

    Updated: 2010-08-31 19:04:21
    Fed officials discussed further stimulus steps WASHINGTON — Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy. Minutes of the Fed’s discussions from the Aug. 10 meeting show the central bank recognized that the economy could need further stimulus .... Read the original article   Fed Minutes: Central bank discussed further moves to support the economy if needed.

  • Visteon reorganization plan approved by court, clearing way for end to bankruptcy

    Updated: 2010-08-31 18:50:23
    Bankruptcy court approves Visteon Chapter 11 plan WILMINGTON, Del. — A federal judge confirmed auto parts supplier Visteon’s reorganization plan Tuesday, clearing the way for the company’s emergence from bankruptcy. Visteon, a major supplier of parts to Ford Motor Co., said that it expects to emerge from Chapter 11 bankruptcy by Oct. 1. The company, based in .... Read the original article   here.

  • Summary Box: Now-expired tax credits boost June home prices in 17 cities, but momentum fading

    Updated: 2010-08-31 17:12:30
    Summary Box: Home prices rise in 17 cities in June HOME PRICES RISE: The Standard & Poor’s/Case-Shiller index of home prices in 20 major U.S. cities posted a 1 percent increase in June from a month earlier. Prices rose in 17 cities. MOMENTUM FADES: Several markets had weaker monthly gains in June than in the previous months, ... Original source on Gaea Times at : Summary Box: Now-expired tax credits boost June home prices in 17 cities, but momentum fading.

  • Stocks rally to end weak August after unexpected climb in consumer confidence

    Updated: 2010-08-31 15:06:53
    Stocks rise on surprise jump in consumer strength NEW YORK — A surprise jump in consumer confidence Tuesday gave stocks a modest lift, but the gains were kept in check as investors remain cautious about the economy. The upbeat report on consumer confidence in August gave traders a reprieve from a string of disappointing news on the ... Read : Stocks rally to end weak August after unexpected climb in consumer confidence.

  • Consumer Confidence Index ticks up to 53.5, but mood still gloomy amid job worries

    Updated: 2010-08-31 15:04:28
    Americans’ economic confidence ticks up slightly NEW YORK — Americans’ confidence in the economy improved slightly in August from July, but they’re still roughly as gloomy as a year ago. The downbeat sentiment underscores the challenges ahead for the increasingly shaky recovery and for retailers, which are grappling with a weak start to back-to-school shopping. Worries are .... Source article on Gaea Times at   Consumer Confidence Index ticks up to 53.5, but mood still gloomy amid job worries.

  • Some states suing to overturn health care law also line up for its retiree subsidy

    Updated: 2010-08-31 14:51:51
    more images more images more images more images more images more images more images more images Some states suing feds also claim health subsidies WASHINGTON — More than half a dozen states suing to overturn President Barack Obama’s health care law are also claiming its subsidies for covering retired state government employees, according to a list released Tuesday by the administration. About 2,000 employers have .... Original source   Some states suing to overturn health care law also line up for its retiree subsidy.

  • Stocks slide as traders expect consumer confidence to remain weak, drop in manufacturing

    Updated: 2010-08-31 14:39:11
    Stocks slip ahead of consumer confidence report NEW YORK — Stocks fell Tuesday as investors received more disappointing news about the economy. Manufacturing activity in the Midwest slowed in August, adding to concerns about a downturn in what had been the most consistent sector in the economy. The Chicago Purchasing Managers index dropped, following a similar trend .... Source   Stocks slide as traders expect consumer confidence to remain weak, drop in manufacturing.

  • Home prices up 1 percent in June from May as tax credits lift market, prices rise in 17 cities

    Updated: 2010-08-31 14:04:12
    Home prices up 1 percent in June WASHINGTON — Home prices rose in June for the third straight month amid a burst of home-buying due to tax incentives that have since expired. The Standard & Poor’s/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 percent from a year .... Source article   Home prices up 1 percent in June from May as tax credits lift market, prices rise in 17 cities.

  • Taiwan rejects Primus Holdings’ purchase of AIG life insurance unit

    Updated: 2010-08-31 12:15:13
    Taiwan rejects Primus purchase of AIG unit TAIPEI, Taiwan — Taiwanese regulators on Tuesday rejected Primus Financial Holdings’ planned purchase of AIG’s Taiwan life insurance unit amid concerns that the Cayman Island-based firm may be backed by funds from rival China. American International Group Inc. announced the sale of the Taipei-based Nan Shan Life Insurance Co. in ... Read this article on Gaea Times at : Taiwan rejects Primus Holdings’ purchase of AIG life insurance unit.

  • Stock futures fall as investors prepare for more evidence of slowing economy

    Updated: 2010-08-31 11:44:40
    Stocks set to continue slide on economic worries NEW YORK — Stocks are set to continue their slide Tuesday as investors prepare for more disappointing news about the economy. Regional manufacturing activity in the Midwest is expected to have slowed this month, similar to declines in other parts of the country. Consumer confidence likely remained at low ... Read this article on Gaea Times at : Stock futures fall as investors prepare for more evidence of slowing economy.

  • 3 Ways The Fed Could Boost The Economy

    Updated: 2010-08-27 05:09:00
    Chairman Ben Bernanke says the central bank "is prepared to provide additional monetary accommodation through unconventional measures" if the economy falters.

  • Utilities - For Yield, Buy the Stocks, Not the Bonds

    Updated: 2010-08-19 01:18:12

Current Feed Items | Previous Months Items

Jul 2010 | Jun 2010 | May 2010 | Apr 2010 | Mar 2010