Archive for July, 2009
House votes to clamp limits on Wall Street bonuses
WASHINGTON (AP) — Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy. Passage of the bill on a 237-185 vote followed the disclosure a day earlier that nine of the nation’s biggest banks, which are receiving billions of dollars in federal bailout aid, paid individual bonuses of $1 million or more to nearly 5,000 employees. “This is not the government taking over the corporate sector,” Rep
Regulators shut down banks in five states
WASHINGTON (AP) — Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. The Federal Deposit Insurance Corp. was appointed receiver of the five banks
LI Women’s Golf Association Celebrates 10-Year Anniversary
By Matthew Manguso The Long Island chapter of the Executive Women’s Golf Association (EWGA) celebrated their 10-year Anniversary on Monday with more than 300 golfers…
White Sox acquire ace Jake Peavy from Padres
CHICAGO (AP) — Jake Peavy finally agreed to pitch for the White Sox. The San Diego Padres traded their ace to Chicago on Friday, barely beating the deadline to make deals without waivers.
Ticket prices to increase at Walt Disney World
LAKE BUENA VISTA, Fla. (AP) — Walt Disney World is raising the ticket prices for its theme parks.
Profit reports push Dow to best July in 20 years
NEW YORK (AP) — The stock market’s best July in 20 years is giving investors reason for hope about the economy. Investors are placing big bets that the ability of companies to squeeze out surprise profits means the longest recession since World War II is finally easing its grip.
