 FDIC to act as receiver of Old Southern Bank of OrlandoThe FDIC has been appointed receiver of the Old Southern Bank, in... | |
 KKC files to list $2.2 billion worth of shares on NYSEPrivate equity firm Kohlberg Kravis Roberts & Co files to list $2.2 billion worth of shares on the NYSE in a long-anticipated move to follow their rival, Blackstone... |
 Wall Street sidelined by dollar fallThe U.S. dollar was sharply weaker Friday as stocks drifted... |
 Statewide Bank in Louisiana to be absorbed by Home BankThe Statewide Bank, headquartered in Covington, Louisiana, has been taken over by Home Bank, on the order of... |
| Bottle-fed infants have highest levels of Bisphenol A Infants fed from plastic bottles are found to have the highest estimated levels of Bisphenol A (BPA), with exposures falling with rising age, according to a... |
 Park Avenue Bank bites the dustRegulators closed the Park Avenue Bank, of New York, New York, Friday and appointed the FDIC as... |
 LibertyPointe Bank is shut downThe LibertyPointe Bank in New York, New York, has been closed by... |
| Middle-class Nyc Apartment Complex Sold At Auction NEW YORK -- The developer of a high profile middle-class Harlem apartment complex has lost ownership of the property after defaulting on the mortgage.A lawyer for Laurence Gluck confirmed Friday... |
| Is The Fed Blowing Bubbles? NEW YORK (CNNMoney.com) -- Is the Federal Reserve forever blowing bubbles?With interest rates hovering at historic lows, some economists and investors fear the Fed's easy-money policy could create... |
| Senate Takes A Stab At Financial Reform WASHINGTON (CNNMoney.com) -- The head of a key banking panel is expected Monday to release a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial... |
| Uk Gives General Motors Loan Guarantee For Vauxhall L ONDON — Britain will give a $410 million loan guarantee to General Motors Co. to help keep its Vauxhall operations going in the country, a government official said Friday. That is well... |
| Greg Clarke: A Soccer Chairman For Today Greg Clarke, the man chosen by the Football League to take over as its chairman from Brian Mawhinney, has plenty of the right experience for the realities of the modern soccer business. He was... |
| Best Western Seaport Inn Downtown New York Host To Us Federal Reserve Chairman Ben Bernanke, United States Federal Reserve Chairman was greeted by ZB Moham, general manager of the Best Western Seaport Inn in downtown Manhattan, during a recent stay. Bernanke and his wife... |
| Here's How U.s. Program Works Under the Making Home Affordable program, a borrower has to have been through a hardship -- such as a reduction in work hours or job loss -- and must provide proof of current income. The lender's... |
| Direct Edge Goes Exchange Direct Edge announced today that it received approval from the Securities and Exchange Commission to become an exchange -- or two exchanges in fact.... |
| Canadian Currency Nears Parity With Us Dollar, Markets Hit New High Toronto, March 13 : Canadian markets Friday crossed the 12,000-mark and the Canadian dollar reached record levels against the US for the first time since... |
| China Gov't Advisers Urge Steady Economy BEIJING -- China's top parliamentary adviser said Saturday that keeping the economy stable and steady must remain the government's biggest priority this year.Jia Qinglin, the Communist Party's No. 4... |
| Summary Box: Rates Are Mixed After Uneven Data MIXED DIRECTIONS: Economic reports on consumer sentiment and retail sales offered investors little insight into the economy Friday. Rates on short-term Treasurys were flat.LITTLE HELP: The... |
| How The Major Stock Indexes Fared On Friday Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong. Uneven figures on retail sales and consumer confidence gave investors little new insight... |
| Nyc: Taxi Drivers Overcharged Riders By $8.3m-plus WCBS-TV Local Coverage Thousands of New York City taxi drivers overcharged passengers by more than $8.3 million over the past two years by setting their meters at a rate that was supposed to be... |
| Summary Box: Lehman Found To Use Artifice FALL OF A WALL STREET TITAN: The investment bank Lehman Brothers, saddled with tens of billions of dollars of troubled assets, collapsed into bankruptcy in September 2008. Its fall precipitated the... |
| Nortel Networks Posts Profit In 4q TORONTO -- Bankrupt telecom equipment maker Nortel Networks Corp. said Friday it posted a profit in the fourth quarter, thanks to a large gain related to an asset sale.For the three months ended... |
| Celanese To Raise Prices On Emulsions DALLAS -- Chemical company Celanese Corp. on Friday said it would increase the prices on some emulsions in North America.The company, based in Dallas, said it would increase the price of all vinyl... |
| Bidding For Sports' Most Valuable Brand . Soccer--football to the rest of the world outside the U.S.--holds one of the most iconic and the most valuable sporting team brands: Manchester United. More valuable than baseball's New York... |
| Loving Leverage: Trading Inverse Etfs In Up Markets What do high-probability traders who buy exchange-traded funds on pullbacks trade when those exchange-traded funds don't pull back?This is the question that many high-probability traders have been... |
| Bubble Motion's Messages For The Masses people ), he's not the only one who thinks he's on to something. Bubble Motion, the Singapore- and Silicon Valley-based mobile messaging and social networking startup, also has former San Francisco... |
| Sony's Playstation Move: Wii Cloning Is A Good Thing Sony's new motion control system, PlayStation Move, has been the talk of the Game Developers Conference in San Francisco, since demos and details were revealed Wednesday. The biggest charge that's... |
| The Weekly Layoff Report: March Madness people ) led the layoff news this week by announcing that it would cut about 2,000 jobs from its crude oil refining and marketing businesses. Sluggish fuel demand is hurting the San Ramon, Calif.,... |
| Microsoft Races To Plug Ie Hole After Exploit Code Released (Credit: Microsoft ) Microsoft said on Friday it is testing a patch to fix a new hole in Internet Explorer 6 and IE 7 following the release of exploit code on the Internet. With the announcement... |
| Obama Names His Pick To Be No. 2 At Federal Reserve Bank WASHINGTON | President Barack Obama wants to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, an administration... |
| Philip Morris International Declares Dividend NEW YORK -- Cigarette maker Philip Morris International Inc. has declared a regular quarterly dividend of 58 cents per share.The dividend is payable on April 9 to stockholders of record on March 25,... |
| Contractor Plans Liens Against Citycenter Owners LAS VEGAS -- The primary contractor for the newly completed $8.5 billion CityCenter complex told the joint venture's owners that it intends to file mechanic's liens to collect on $492 million in... |
| Us Wine Exports Fall 15 Percent In 2009 SAN FRANCISCO -- People worldwide are still buying U.S. wine in a tight economy, although exports were down in 2009 from 2008's record-setting year.U.S. wine exports dropped nearly 15 percent last... |
| Hot Pursuit: Competition Heats Up For Police Cars DEARBORN, Mich. -- Ford Motor Co. wants to remain the top gun in the U.S. police car market with a new cruiser due out next year, but its competitors are in hot pursuit.Ford revealed its new Police... |
| Quinn Wants To Borrow Nearly $5 Billion _ But How? CHICAGO -- While laying out his budget plan, Illinois Gov. Pat Quinn sounded less like the leader of a state facing a $13 billion deficit than a guy looking to find a credit card with a better... |
| Tri-continental Declares 1q Dividend MINNEAPOLIS -- Investment fund Tri-Continental Corp. on Friday declared a quarterly dividend of 4.4 cents per common share and 62.5 cents per share of preferred stock.The company said its dividend... |
| Oil-dri Board Approves Additional Share Buy-backs CHICAGO -- Cat litter maker Oil-Dri Corp. of America said Friday its board approved the repurchase of 250,000 more shares and declared a quarterly dividend on common and Class B shares.The company,... |
| Credit Derivatives Don't Kill Countries, Politicians Do Looking for something to blame for the Greek debt crisis, some observers are pointing their fingers at credit derivatives. This recent New York... |
| Tweet Of The Week: Beauty, Aging And Self-confidence "Beauty And The Boss," on one touchy aspect of the self-image issue: aging. As we leave our 30s and enter our 40s and beyond, many women struggle with both the physical and emotional issues of... |
| Direct Edge: Exchange Edition Direct Edge announced today that it received approval from the Securities and Exchange Commission to become an exchange -- or two exchanges in fact.... |
| Bank Overdraft Charges, Airline Delays And Profits Over People If they had enough bathrooms and cool air circulating, three hours delay in an airplane on the tarmac wouldn’t be so bad. But they don’t, and it’s bad. Real bad. Somebody should do something. ... |
| Picks From The Gas Pipe Despite this solid technical strength, options players remain complacent toward the sector. The composite Schaeffer's put/call open interest ratio (SOIR) for the natural gas sector comes in at 0.62,... |
| Best-looking Book Talks Of The Week Ahead Can a baseball pitcher be taught to throw from both sides of the body? Yes, in fiction. Billy Lombardo reads from his new well-received new book The Man With Two Arm s, 6:30 PM Chicago Public... |
| Upa's Inclusive Growth Agenda For India When Finance Minister Pranab Mukherjee presents the United Progressive Alliance (UPA) government's first full budget in its second term, he may in some ways be presiding over a tipping point. The... |
| What Comes After Farmville Social videogames are all the rage these days. Zynga's FarmVille currently has 30 million daily active users. The game, played on social networks like Facebook, allows people to plant virtual farms... |
| Transcript: Voyage Among The Stars So NASA was always of two minds about the Voyager Record. Here was this artifact that is expected to be the longest lasting thing ever made by human beings. It will last at least a billion years in... |
| Ibm's Billions For A Peek Ahead Most recent case in point: IBM's March 1 capture of Initiate Systems, a speedy close to a deal for the health care software company announced Feb. 3. The price was not announced, but took Big Blue to... |
| When You Say 'adios, Office!' Many a startup business today launches without a physical office. The work-at-home team of partners and employees interact mostly by phone, e-mail, chat and Skype, punctuated by periodic coffeeshop... |
| Smith & Wesson Shoots And Misses people ) plunged 12.5% Friday to $4.14, after the gun manufacturer gave a slimmer outlook for its fourth-quarter sales than Wall Street expected. The company forecasts a revenue of $97 million to... |
