U.S.
Bank Exemption Aimed at Boosting Home-Mortgage Liquidity Is Ended by Fed The Federal Reserve Board removed
an exemption it had given to six banks at the start of the
crisis in 2007 aimed at boosting liquidity in financing markets
for securities backed by mortgage- and asset-backed securities.
Goldman Sachs's Blankfein Gets $9.8 Million Compensation Package for 2009 Goldman Sachs Group Inc. gave
Chairman and Chief Executive Officer Lloyd Blankfein $9.8
million in total compensation for 2009, the firm said in a
regulatory filing.
Lady Gaga Sues Ex-Producer, Denies Claim He Deserves Fees for Finding Her Lady Gaga sued her former music
producer Rob Fusari saying he shouldn’t get any share of fees he
says he’s entitled to after claiming he discovered her, dated
her and helped develop her sound and style.
Advanta Bank, Six Other U.S. Lenders Closed Amid Bad Loans on Real Estate Advanta Bank Corp., owned by the
bankrupt credit-card issuer, was shut by regulators along with
three lenders in Georgia as the number of failed banks this year
climbed to 37.
Senate's Dodd Weighs Changes to Financial-Rules Plan Amid 399 Amendments Senate Banking Committee Chairman
Christopher Dodd will begin weighing amendments to his proposed
overhaul of financial rules next week after accepting a change
sought by Federal Deposit Insurance Corp. Chairman Sheila Bair.
Ex-Tyco Chief Kozlowski Seeks Millions in Retirement Benefits After Fraud Ex-Tyco International Ltd. Chief
Executive Officer L. Dennis Kozlowski, jailed for stealing
millions of dollars, wants a U.S. court to order the company to
pay him tens of millions from his retirement account.
Treasury Yield Curve Flattest Since January on Inflation Outlook, Supply The difference in yield between 2-
and 10-year Treasury notes narrowed for a fifth week as the
Federal Reserve reiterated it would keep borrowing costs low for
an “extended” period and reports showed a lack of inflation.
Cooper Tire & Rubber Is Found Liable for Fatal Rollover of Minivan in 2007 Cooper Tire & Rubber Co., the
second-biggest U.S. tiremaker, is liable for the fatal rollover
of a minivan in 2007, a Des Moines, Iowa, jury found.
AIG Chief Benmosche Awarded Salary of $7 Million This Year, Feinberg Says American International Group Inc.
Chief Executive Officer Robert Benmosche, the highest-paid
executive at the bailed-out insurer, will get a $7 million
salary again this year, said paymaster Kenneth Feinberg.
Milberg's Former Class-Action Kings, Out of Prison, Head For Links, Slopes The four lawyers who ran Milberg
Weiss Bershad Hynes & Lerach LLP, the firm that got investors
$45 billion from securities lawsuits against publicly traded
companies, are reacquainting themselves with life on the outside
now that they’ve left prison.
Obama Heads to U.S. Capitol Today as Health-Care Measure Hangs in Balance President Barack Obama will travel
to the U.S. Capitol today to appeal to House Democrats to back
sweeping changes in health care on the eve of a vote on
legislation that will help define his presidency.
Hatch Says House Democrats `Nuts' to Think Sunday Vote Settles Health Care Republican Senator Orrin Hatch said
Democrats in the U.S. House of Representatives are “nuts” to
think tomorrow’s vote on health-care legislation will resolve
the issue.
Medvedev, Obama May Sign Arms Reduction Agreement in April, Clinton Says The U.S. and Russia are close to
finishing months of negotiations on a new agreement to cut their
nuclear arsenals and may sign the accord next month, Secretary
of State Hillary Clinton said yesterday in Moscow.
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