Rocket News » Business

Judge orders renegotiation of 9/11 settlement (AP)

Editor — Fri, 19 Mar 2010 23:24:10 +0000

AP - A federal judge on Friday rejected a legal settlement that would have given at least $575 million to people sickened by ash and dust from the World Trade Center, saying the deal shortchanged 10,000 ground zero workers whom he called heroes.

Letter: Lehman accounting tricks possibly illegal (AP)

Editor — Fri, 19 Mar 2010 23:13:47 +0000

AP - A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday.

URS settles with Minn. for $5M in bridge collapse (AP)

Editor — Fri, 19 Mar 2010 23:00:54 +0000

AP - Contractor URS Corp. and the state of Minnesota reached a $5 million settlement Friday in the state's lawsuit over the 2007 downtown Minneapolis bridge collapse that killed 13 people and injured 145 others.

Regulators shut 7 banks in 5 states; 37 in 2010 (AP)

Editor — Fri, 19 Mar 2010 22:57:10 +0000

AP - Regulators have shut down banks seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.

No European financial protectionism: Barnier (AFP)

Editor — Fri, 19 Mar 2010 22:48:50 +0000

AFP - EU financial services commissioner Michel Barnier sought on Friday to calm US fears of discrimination over European financial services reforms that would regulate hedge funds.

Pay czar trims salaries at top of GM exec ranks (Reuters)

Editor — Fri, 19 Mar 2010 22:40:12 +0000

Reuters - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.

Embezzler who got tax credit faces more charges (AP)

Editor — Fri, 19 Mar 2010 22:19:47 +0000

AP - A convicted embezzler who snagged more than $9 million in business tax credits from the state of Michigan has been charged with defrauding an elderly neighbor.

Stocks fall as worries about Greek debt return (AP)

Editor — Fri, 19 Mar 2010 22:10:33 +0000

AP - Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery.

Pressure mounts over IMF role in Greek crisis (AFP)

Editor — Fri, 19 Mar 2010 21:32:39 +0000

AFP - Europe split over IMF intervention for debt-ridden Greece on Friday, upping pressure on national leaders to resolve crisis plans just days from a crunch EU summit.

Analyst sees little impact from home tax credit (AP)

Editor — Fri, 19 Mar 2010 21:23:37 +0000

AP - Pulte Homes Inc. is not seeing many sales as result of a federal tax credit designed to spur home purchases, an analyst wrote Friday, so its sales are therefore unlikely to fall after the incentive expires.