Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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Schauer, Peters pleased with committee assignments
Associated Press WriterMichigan's new members of Congress said Tuesday they hoped to use their committee assignments to give the state's ragged economy a needed boost. Democrats Mark Schauer and Gary Peters were sworn into the U.S. House, joining a large class of freshmen...Tags: Joe Knollenberg, Michigan, Family, Automotive Equipment, Heavy Engineering
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Himes To Serve On House Financial Services Panel
Connecticut's newest congressman, Democrat Jim Himes, has landed a slot on the House Financial Services panel. The committee will play a key role as the 111th Congress convenes to tackle perhaps the worst economic crisis since the Great Depression. It...Tags: Interior Policy, Connecticut, Housing and Urban Planning, Chris Shays, Heads of State
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Attention investment bargain-hunters: 6 things you should know about municipal bonds
AP Personal Finance WriterCHICAGO (AP) — The idea of a boring, safe investment has never sounded so good after a year in which everything from stocks to real estate got flat-out clobbered. Municipal bonds, among the blandest investments of all, could fit that category if...Tags: Morningstar Incorporated, Mutual Funds, Bonds, Personal Finance, Securities
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Madoff investor facing financial ruin, SEC's failure to pursue warning flags under scrutiny
AP Business WriterWASHINGTON (AP) — Two more months of mortgage payments and retiree Allan Goldstein says he'll be broke, just another victim in what may be the biggest Ponzi scheme in history. Goldstein, 76, was among the thousands of investors who trusted Wall...Tags: Mortgages, U.S. Securities and Exchange Commission, Insurance, Fraud, David Scott
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7 banks get $15B from Treasury
The government said Monday it had supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund. The Treasury Department said the biggest payment in the new round totaled $7.58 billion to Pittsburgh-based...Tags: SunTrust Banks Incorporated, Banking, Citigroup Incorporated, General Motors Corp., Puerto Rico
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Congress pegs SEC in Madoff scandal
Of The Associated PressRepublican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H. David Kotz said he is so...Tags: U.S. Securities and Exchange Commission, Brad Sherman, Bernard Madoff, Hollywood (Los Angeles, California), Fraud
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Republicans, Democrats, IG sound off against SEC over failure to uncover alleged Madoff fraud
AP Business WriterWASHINGTON (AP) — Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H....Tags: U.S. Securities and Exchange Commission, Brad Sherman, Bernard Madoff, Fraud, Hollywood (Los Angeles, California)
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Madoff case puts heat on SEC staff
The Associated PressRepublican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H. David Kotz said he is so...Tags: U.S. Securities and Exchange Commission, Brad Sherman, Bernard Madoff, Mutual Funds, Fraud
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Epiphany at Church of the Free Market
In this season of spiritual introspection, there are true believers suffering a real crisis of faith. They have been worshipping at the Church of the Free Market, and their doubts run deeper than stock brokers not answering prayers, or returning calls....Tags: Mortgages, CEO Pay, Banking, Business Enterprises, Mutual Funds
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Banks bleeding money, for good reason
A couple bought a $200,000 home with an $180,000 two-year ARM mortgage costing about $900 per month. Recently, the ARM came to an end, and the monthly mortgage payment went up to $1,500 per month. However, the market value of the home had declined to...Tags: Mortgages, Homes, Big 3 Auto Bailout, Delray Beach
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Who's hiring now
CareerBuilder.comThough the U.S. economy has softened this year -- headlines warn of mortgage woes, layoffs and escalating gas prices -- there are still jobs out there ... you just have to know where to look. We dug deep into Bureau of Labor Statistics data to find...Tags: Academic Progress, Consumer Electronics Industry, Mining, Unemployment, Employers
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People on the move, Jan. 5
peopleonthemove@newsday.comFINANCE Ronald D. Steiger has been named vice president of the financial services and life insurance division of RAL Service Inc. in Manhasset. The West Hills resident has been a managing representative for Long Island for Woodbury Financial Services, the...Tags: Ethics, Values, Colleges and Universities, Columbia University, Government
Jan 6, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Hampton Roads Daily Press
Jan 6, 2009
|Story| Allentown Morning Call
Jan 5, 2009
|Story| Associated Press
Jan 6, 2009
|Story| South Florida Sun-Sentinel
Jan 6, 2009
|Story| Hampton Roads Daily Press
Jan 6, 2009
|Story| South Florida Sun-Sentinel
Jan 5, 2009
|Story| Newsday
Jan 5, 2009
|Story| Newsday
