Bank Failures to Drain $19 Billion From FDIC Through 2015
The Federal Deposit Insurance Corporation's fund covering deposits in bank failures will lose another $19 billion from 2011 through 2015.
Dept. of Energy's SunPower Loan Guarantee Under Fire
Here’s why people should be outraged at yet another Dept. of Energy guaranteed loan to a solar company.
The Solyndra Bankruptcy
The failed solar company which got $528 million in guaranteed loans from the government wants to fast-track the bankruptcy auction of its assets. But will US taxpayers get all of their money back--given that scared buyers need more time to see what’s there?
The Solyndra Bankruptcy
The failed solar company which got $528 million in guaranteed loans from the government wants to fast-track the bankruptcy auction of its assets. But will US taxpayers get all of their money back--given that scared buyers need more time to see what’s there?
Nasdaq, ICE Talks Cool, But Joint Bid for NYSE Still on the Table
It appears less likely that a merger between Nasdaq OMX Group and IntercontinentalExchange Inc. will get done, but a combined bid for NYSE Euronext is still being discussed.
EXCLUSIVE: 'Robo Signing' Settlement Hits a Snag
State attorneys general are having difficulty agreeing on a settlement for the big banks involved in the so-called robo-signing of foreclosures.
Congress Wants to Hear from Meredith Whitney on Muni Call
A congressional subcommittee investigating the recent implosion of the $3 trillion municipal bond market wants analyst Meredith Whitney to come clean and explain her doomsday prediction of hundreds of billions of dollars in muni defaults over the next year.
Senator Moves to Stop Federal Pay Abuse
Senator Susan Collins, Ranking Member of the Senate Homeland Security and Governmental Affairs Committee, this week introduced a bill to stop what the Republican from Maine says are "the costly and escalating abuses of the federal workers' compensation system."
JetBlue Goes High Tech
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) and JetBlue have signed a NextGen deal that will let the budget airline fly more precise, satellite-based flights from Boston and New York to Florida and the Caribbean beginning in 2012.
Hate Your Boss? Call the Government
The White House has launched a new program to refer workers who have complaints about their bosses to the American Bar Association, where they can get a lawyer to work on their case on a contingency fee basis.
GOP Fights Unionization of Airport Screeners
Unionizing airport security endangers air travelers, GOP says.
Tyson Foods Settles Government Bribery Charges for $5.2 Million
The Securities and Exchange Commission today charged Tyson Foods Inc. with violating the Foreign Corrupt Practices Act (FCPA) by bribing “two Mexican government veterinarians responsible for certifying its Mexican subsidiary’s chicken products” passed inspection for export sales.
RTRS: Egypt Unrest Won't Hurt Oil Prices, EIA Says
Reuters reports a top Energy Information Administration official tells Congress unrest in Egypt won't hurt oil prices.
Health Reform Waiver Controversy Heats Up
EXCLUSIVE: The number of companies and labor unions winning temporary waivers from health reform has spiked to 733, more than triple the 222 granted in November 2010, and up dramatically from 30 in October.
Young Women Have More College Education Than Men, Government Says
New government study shows young women now have more college education than men.
Tyson Foods Settles Government Bribery Charges for $5.2 Million
The Securities and Exchange Commission today charged Tyson Foods Inc. with violating the Foreign Corrupt Practices Act (FCPA) by bribing “two Mexican government veterinarians responsible for certifying its Mexican subsidiary’s chicken products” passed inspection for export sales.
What Health Reform Missed: The Doctor Shortage
As Washington cheers on health reform, the nation's doctors warn the new law ignores a serious shortage in physicians. That could prove the law's undoing.
Pro-Iranian Cyber Hackers Attack Voice of America
Cyber hackers linked with a group that calls itself the "Iranian Cyber Army" launched an attack against the Voice of America's web site and satellite t,v. stations popular on Facebook and YouTube.
No Oil Price Shock Yet?
An economic historian says he doesn't see an oil price spike yet hitting our wallets at the pump.
Pimco: Whitney Analysis 'Not Worth Paper It's Written On'
Pimco, the huge fixed-income manager, says the analysis done by Meredith Whitney on the muni market is superficial.