Monthly Archives: September 2011

Mark Cuban charges versus SEC unfounded: SEC watchdog (Reuters)

(Reuters) – The U.S. Securities and Exchange Commission’s inspector general has concluded that Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, was not targeted inappropriately by agency staff in its insider trading probe against him. The SEC … Continue reading

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Wall Street ends worst quarter since 2008 meltdown (Reuters)

NEW YORK (Reuters) – Stocks ended their worst quarter since the depths of the 2008 credit crisis, crippled by Europe’s debt debacle, a U.S. credit downgrade and a sputtering global economy. A steep slide on Friday closed out a fifth … Continue reading

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Summary Box: Stocks end weak quarter on down note (AP)

DOWN DAY: Stocks fell broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish. Makers of raw materials, industrial companies and banks — which would have the most to lose if the economy turns … Continue reading

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Stocks end gloomy 3rd quarter on a weak note (AP)

NEW YORK – The worst quarter for the stock market since the financial crisis ended on another down note. Stocks fell broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish. Makers of raw … Continue reading

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Europe, China woes fuel earnings worries (Reuters)

NEW YORK (Reuters) – Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support. The euro zone’s debt crisis and weakness in China … Continue reading

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SEC report cites flaws at credit rating agencies (AP)

WASHINGTON – U.S. securities regulators say their first annual review of the nation’s credit rating agencies finds the companies aren’t doing enough to protect their own financial integrity. The Securities and Exchange Commission report released Friday was mandated by the … Continue reading

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Draft Spending Bill Would Defund Obama Healthcare Law

House Republicans released a draft spending bill Thursday that would cut off funding for many parts of the healthcare reform law, though the bill remains deadlocked in the Appropriations Committee. The draft legislation would attempt to derail implementation of the … Continue reading

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‘Pope’ of Illinois politics faces corruption trial (AP)

CHICAGO – The former high school teacher-turned-mega millionaire cozied up to successive Illinois governors from both parties, while staying in the shadows and rarely speaking publicly. But so powerful was he behind the scenes that he was referred to in … Continue reading

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FAA workers furloughed in shutdown get back pay (AP)

WASHINGTON – Federal Aviation Administration officials say nearly 4,000 workers who were furloughed in a two-week partial shutdown of the aviation agency this summer will receive back pay. The FAA confirmed the decision in a statement provided to The Associated … Continue reading

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Leading black artists featured at Corcoran Gallery (AP)

WASHINGTON – Works by leading black artists in the contemporary art realm go on view Saturday at Washington’s Corcoran Gallery of Art to tackle issues of racial, sexual and historical identity. The exhibit, “30 Americans,” will be on view through … Continue reading

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