U.S. cuts pay at bailed out firms, BofA hits back
WASHINGTON (Reuters) - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
People:Barack Obama Activities:2008 U.S. Financial Rescue
2009-10-22
Largest US sting on drug cartel arrests 300-plus
OKLAHOMA CITY - In the largest single strike at Mexican drug operations in the U.S., authorities arrested more than 300 people in a sting that demonstrates an upstart cartel's vast reach north of the border.
Nations:Mexico U.S. Source:(AP)
2009-10-22
Administration plans big pay cuts at bailout firms
WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
Activities:2008 U.S. Financial Rescue Source:(AP)
2009-10-21
Bank of America loses $2.24B as loan losses rise
CHARLOTTE, N.C. - Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.
Activities:Merrill Lynch Sales
2009-10-16
Bank of America loses $2.24B as loan losses rise
CHARLOTTE, N.C. - Bank of America Corp. said Friday it lost more than $2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills.
Activities:Global Financial Crisis Source:(AP)
2009-10-16
FBI: Man arrested in ESPN reporter nude video case
CHICAGO - A man accused of taping surreptitious nude videos of ESPN reporter Erin Andrews while she was alone in hotel rooms was due to appear in federal court Saturday, authorities said.
Nations:U.S. Source:(AP)
2009-10-03
Suspect used Web to find bomb supplies
NEW YORK - Najibullah Zazi went from Pakistan to suburban Denver beauty shops in a hunt for the supplies and skill to make hydrogen peroxide bombs for al-Qaida, authorities charged in papers describing one of the most significant post-9/11 terror threats to the United States.
Nations:Pakistan U.S. People:Barack Obama Activities:U.S. War on Terror Source:(AP)
2009-09-25
Southeast floods block highways; toll rises to 8
AUSTELL, Ga. - Washed-out roads and flooded interstate highways around Atlanta added to the misery Tuesday after days of torrential rain in the Southeast that claimed at least eight lives, including a 15-year-old boy whose body was found in the Chattooga River.
Nations:U.S. Source:(AP)
2009-09-22
Ex-aide says Edwards fathered mistress' child
CHAPEL HILL, N.C. - A man who once claimed to have fathered the child of John Edwards' mistress says in a book proposal the former presidential candidate is the real father and that Edwards and worked with his campaign finance chairman to hide that secret, according to a newspaper report published online Saturday.
Nations:U.S. People:John Edwards Activities:John Edwards Sex Scandal Source:(AP)
2009-09-19
New jobless claims drop unexpectedly to 545K
WASHINGTON - The number of newly laid-off workers seeking unemployment benefits fell last week to the lowest level since early July, evidence that job cuts are slowing.
Nations:U.S. People:Ben Bernanke Activities:2008 U.S. Layoff Crisis Source:(AP)
2009-09-17
Judge rejects SEC-BofA deal; Cuomo preps charges
NEW YORK - A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp., saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial.
Nations:U.S. Activities:Merrill Lynch Sales Source:(AP)
2009-09-14
Risk-taking is back for banks 1 year after crisis
NEW YORK - A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.
People:Timothy Geithner Vikram Pandit Activities:Global Financial Crisis
2009-09-13
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