Archive for August, 2010
SEC says it lacked authority to charge Moody’s
WASHINGTON (AP) — The Securities and Exchange Commission has declined to seek fraud charges against Moody’s Investors Services over its ratings of risky investments that led to the financial crisis. But the SEC said it decided against seeking civil charges only because it determined it lacked authority to charge a foreign affiliate of Moody’s. Instead, in a report on its investigation, the SEC warned all credit rating agencies that they could face charges if they mislead investors with deceptive ratings
Obama: US Combat in Iraq Over, ‘Time to Turn Page’
Claiming no victory, President Barack Obama formally ended the U.S….
Stock investors brace for another ugly September
CHICAGO (AP) — The economy is weakening, home sales are plunging and stocks are on a long slide. Now comes something even scarier for investors – the beginning of what is traditionally the worst month in the market.
Manny joins White Sox
CLEVELAND (AP) — A little late but with all his hair, Manny Ramirez has finally joined his new team. The controversial and colorful slugger arrived at Progressive Field on Tuesday for his first day with the Chicago White Sox, who claimed the 12-time All-Star on waivers this week to help their AL playoff push.
Cho finds comedy in serious topics on new album
NEW YORK (AP) — Margaret Cho is combining comedy with music on an album that tries to find humor in serious topics: rejection, interventions and even murder. Ben Lee, Fiona Apple and folk rocker Andrew Bird are among the musicians who collaborated on “Cho Dependent.” Bird helped Cho with a song about a crush who turned out to be a murderer, an episode that Cho says is based on her life. Cho says she looked up a love interest online and was shocked to learn that he was convicted of murdering his wife
Browns’ Rogers fined by NFL
BEREA, Ohio (AP) — Cleveland Browns nose tackle Shaun Rogers will not be suspended by the NFL for carrying a loaded gun into an airport. The league said Rogers will be fined a one-game check – roughly $400,000 – for violating its personal conduct policy.
