Headlines
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April 1, 2010
April 1, 2010
Lyondell, U.S. Reach Deal on Environmental
Claims
Lyondell Chemical Co. has reached a settlement worth about $250
million with the United States and various state governments to resolve
a slew of environmental claims and liabilities, and is seeking court
approval...
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March 31, 2010
March 31, 2010
Volcker Optimistic for Financial Revamping
This Year
The White House and one of its top outside economic advisers, Paul A.
Volcker, expressed confidence yesterday that legislation to overhaul the
nation?s financial system would be completed this year, possibly...
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March 30, 2010
March 30, 2010
SEC Probes Other Firms for Use of Lehman
Accounting Trick
U.S. securities regulators are demanding detailed reports from major
financial firms in an attempt to uncover any accounting tricks like the
'Repo 105' method Lehman Brothers used to mask its losses,...
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March 29, 2010
March 29, 2010
Analysis: Mortgage Increases Blunted
The struggling housing market appears as though it will sustain
less damage than expected this year from a spike in the monthly payments
on hundreds of thousands of exotic adjustable-rate mortgages, the
Wall Street...
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March 26, 2010
March 26, 2010
U.S. Labor Continues Push for Bankruptcy
Reform, Executive Pay Curbs
Labor unions are pushing for greater worker protection and added
scrutiny of executive pay at companies in bankruptcy, but restructuring
professionals fear the changes might force more companies...
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March 25, 2010
March 25, 2010
Bank of America to Reduce Mortgage Balances
Bank of America said yesterday that it would begin forgiving some mortgage debt in an effort to keep distressed borrowers from losing their homes, the New York Times reported today. The program, while limited in scope...
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March 24, 2010
March 24, 2010
Extended Stay to Seek Approval for New Plan Backed by Starwood
Extended Stay Inc. will head to court on April 8 to request court approval to enter into an investment agreement with Starwood Capital Group that is the centerpiece of its latest reorganization...
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March 23, 2010
March 23, 2010
Senate Panel Clears Financial Regulatory
Overhaul Bill
The Senate Banking Committee voted yesterday to send to the full
Senate a Democratic bill to overhaul the nation?s financial system,
deferring, for now, an anticipated partisan fight over the legislation,...
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March 22, 2010
March 22, 2010
Dodd Urges Prosecutors to Look at Lehman
Senate Banking Committee Chairman Christopher Dodd (D-Conn.) on Friday ratcheted up the pressure for prosecutions of Lehman Brothers executives and others who may have used accounting tricks to hide their companies' true...
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March 19, 2010
March 19, 2010
Greenspan Concedes That the Fed Failed to Gauge the Bubble
After more than six decades as a skeptic of big government, former Federal Reserve chairman Allan Greenspan is suggesting that perhaps regulators should help rein in giant financial institutions by...
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March 18, 2010
March 18, 2010
Obama Overstates Loan Modifications,
Republicans Say
The Obama administration is inflating the success of programs that
prevent foreclosures by skewing data on loan modifications and revising
the goals, according to House Republicans, Bloomberg News reported...
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March 17, 2010
March 17, 2010
Senate Hearing Focuses on Possible Bankruptcy
Reforms to Help Small Businesses
The Senate Judiciary Subcommittee on Administrative Oversight and the
Courts will hold a hearing today at 10 a.m. ET titled 'Could Bankruptcy
Reform Help Preserve Small Business Jobs...
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