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  • Barney Frank

    There is a lot about Wall Street pay to make the rest of us livid, or at least jealous. And now Congress seems poised to act on it. It might not hurt much, but neither will it do much good, says the NYT.

  • Allen Stanford 'Clawback' Suit Gets Hearing Date Wednesday, 29 Jul 2009 | 6:37 PM ET

    The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.

  • Stanford Receiver Sues 400 Investors to Recover Funds Tuesday, 28 Jul 2009 | 7:41 PM ET

    The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.

  • Frank: SEC Pay Oversight Would Limit 'Excessive Risk' Tuesday, 28 Jul 2009 | 5:14 PM ET

    The bill was was approved Tuesday by the House Financial Services Committee, which Frank chairs. The measure was approved in a 40-28 party-line vote.

  • SEC Says It Acted Properly in Stanford Probe Tuesday, 28 Jul 2009 | 12:53 PM ET

    The Securities and Exchange Commission and the Justice Department are defending their investigations of the alleged $8 billion Stanford Financial fraud. This, following an investigation by the SEC's Inspector General — first reported by CNBC — that concluded the SEC "effectively halted" its investigation last year at the Justice Department's request.

  • Stanford Calls Texas Jail 'Oppressive,' Asks to Move Monday, 27 Jul 2009 | 12:15 PM ET
    Allen Stanford

    Accused fraudster Allen Stanford can't stand the heat, and he wants out of the Texas jail where he is being held.

  • Mayors, Rabbis Arrested in Corruption Sting Thursday, 23 Jul 2009 | 5:27 PM ET

    The mayors of two New Jersey cities, a current and former state legislator and five rabbis were among more than three dozen people arrested Thursday in a sweeping corruption investigation.

  • Stryker CEO Warns Against Haste in Healthcare Reform Wednesday, 22 Jul 2009 | 12:24 PM ET

    Healthcare reform will bring slightly greater pricing pressure but larger volume for medical technology firms, says Steve Macmillan, CEO of Stryker.

  • US Withheld Data on Risks of Distracted Driving Tuesday, 21 Jul 2009 | 1:13 PM ET
    Driving while using a cellular phone.

    In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. But such an ambitious study never happened.

  • As Spain’s Economy Falters, Bank Robberies Rise Tuesday, 21 Jul 2009 | 5:24 AM ET
    Bank robbery

    The 52-year-old contractor was desperate to save his business. Unable to pay his workers and facing bankruptcy, Ausencio C. G., as Spanish police identify him, went to the bank — but not for a loan.

  • Democrats Drop Key Part of Bill to Assist Unions Friday, 17 Jul 2009 | 12:49 PM ET
    Democrats

    A half-dozen senators friendly to labor have decided to drop a central provision of a bill that would have made it easier to organize workers.

  • Healthcare coverage and the hastle of forms

    Just two days ago, the New York Times heralded on its front page “Health Care Bill Passes First Test on Capital Hill”, a title that belied the fact that the health care bill as currently structured has almost no likelihood of becoming law. Moderate Democrat Senators have no stomach for it, because their constituencies have no stomach for it.

  • Maslansky: CEO Lessons From a 'Wise Latina Woman' Thursday, 16 Jul 2009 | 2:12 PM ET
    Sonia Sotomayor, as nominee for US Supreme Court Justice.

    How much do you think Judge Sonya Sotomayor wishes she could take back her “hope that a wise Latina woman…would more often than not reach a better conclusion than a white male”  statement from a few years ago?

  • Sotomayor On the High Court: What Business Can Expect Wednesday, 15 Jul 2009 | 12:16 PM ET
    Sonia Sotomayor, as nominee for US Supreme Court Justice.

    Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

  • House Bill Would Make Healthcare a Right Wednesday, 15 Jul 2009 | 9:53 AM ET
    Healthcare coverage and the hastle of forms

    House Democratic leaders, pledging to meet the president's goal of health care legislation before their August break, are offering a $1.5 trillion plan that for the first time would make health care a right and a responsibility for all Americans.

  • Sotomayor Defends 'Wise Latina' Remark Tuesday, 14 Jul 2009 | 12:17 PM ET
    Sonia Sotomayor, as nominee for US Supreme Court Justice.

    Supreme Court nominee Sonia Sotomayor defended herself Tuesday against charges that her speeches and rulings show racial bias, telling a Senate panel vetting her nomination that critics had misunderstood her record.

  • Obama Struggles With Healthcare Overhaul Friday, 10 Jul 2009 | 12:00 PM ET
    Sen. Barack Obama, D-Ill., answers a question during the first Democratic presidential primary debate of the 2008 election hosted by South Carolina State University in Orangeburg, S.C., Thursday, April 26, 2007. (AP Photo/J. Scott Applewhite)

    President Barack Obama acknowledged the tough going for his health care overhaul in Congress but rejected the notion the legislation is doomed.

  • New Inquiries into Murdoch Paper Phone Hacking Case? Friday, 10 Jul 2009 | 5:44 AM ET

    Even if the UK police said it would not reopen an inquiry into the phone hacking allegations against some of News Corp's publications, the Guardian newspaper reported Friday that three fresh inquiries would be launched into the matter.

  • UBS Can't Comply with US Request: Internal Memo Friday, 10 Jul 2009 | 3:43 AM ET
    UBS

    When the Swiss bank UBS and federal prosecutors face off in a Florida courtroom on Monday, the focus will be whether UBS must disclose the identities of thousands of its American clients, but much more could be at stake as well, the New York Times reported.

  • Cities Lose Out on Road Funds From Federal Stimulus Thursday, 9 Jul 2009 | 10:39 AM ET
    South California highway

    Two-thirds of the country lives in large metropolitan areas, home to the nation’s worst traffic jams and some of its oldest roads and bridges. But cities and their surrounding regions are getting far less than two-thirds of federal transportation stimulus money.

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