Summary Box: Fed to clamp down on banks' pay policies to curb risksSeptember 18th, 2009 Summary Box: Fed to crack down on pay policiesBANK PAY RULES: Under a proposal, the Federal Reserve for the first time would police banks' pay policies to ensure they don't encourage excessive risk-taking. HOW WOULD IT WORK?: The Fed would review — and could reject — pay policies that may cause too much risk-taking by executives or other employers, according to two people familiar with the plan.
Summary Box: 42 states lose jobs in August, up from 29 in the previous monthSeptember 18th, 2009 Summary Box: 42 states lose jobs in AugustSTATE OF UNEMPLOYMENT: Forty-two states suffered net job losses last month, up from 29 in July, the Labor Department said. Twenty-seven states saw their unemployment rates rise in August; 16 reported a drop.
Summary Box: US households see wealth grow for first time in nearly 2 yearsSeptember 17th, 2009 Summary Box: Net worth grew in springWHAT HAPPENED? Americans got wealthier. Household net worth grew in the second quarter for the first time in nearly two years, a Federal Reserve report showed.
Union's summary says tentative, 4-year contract with Goodyear would keep 6 plants openSeptember 9th, 2009 Union: Goodyear contract protects 6 plantsAKRON, Ohio — A tentative contract between the United Steelworkers and Goodyear Tire & Rubber Co. protects six of seven U.S.
Summary Box: New jobless claims dip less than expected, weak labor market may hinder recoverySeptember 3rd, 2009 Summary Box: Jobless claims dip less than expectedJOBLESS CLAIMS ELEVATED: The Labor Department said the number of laid-off workers applying for benefits dipped to 570,000 from an upwardly revised 574,000 the previous week. The number of Americans continuing to receive benefits rose unexpectedly to 6.23 million.
Summary Box: New home sales surge 9.6 percent in July in sign of economic recoveryAugust 26th, 2009 Summary Box: New home sales riseWHAT HAPPENED?: Sales of new U.S. homes rose 9.6 percent last month, as first-time homebuyers seized on a tax credit that covers 10 percent of the home price, up to $8,000.
Summary Box: A look at Cash for Clunkers' final weekend rushAugust 23rd, 2009 Summary Box: Cash for Clunkers' final weekendTHE RUSH: Customers streamed into dealerships to take advantage of the Cash for Clunkers program before Monday's 8 p.m. EDT deadline.
Summary Box: Report says Dow Jones & Co. seeking buyers for stock-market indexing businessAugust 22nd, 2009 Summary Box: Dow Jones might sell storied indexWALL STREET ICON: Dow Jones & Co. is considering selling its stock-market indexing business, The Wall Street Journal reported Friday.
Summary Box: Bernanke sees economy nearing a recovery, but financial problems persistAugust 21st, 2009 Summary Box: Bernanke sees economy near recoveryWHAT HAPPENED?: Federal Reserve Chairman Ben Bernanke offered his most optimistic view on the economy since the financial crisis struck. He said there's a good chance the economy will start growing again soon.
Summary Box: Fed faces economic and political pressures in reeling in emergency aidAugust 20th, 2009 Summary Box: Fed faces hard task in reeling in aidTHE CHALLENGE: The Federal Reserve eventually will have to dismantle emergency programs and reel in the trillions of dollars it's plowed into the economy to try to revive business activity, unlock lending and stabilize financial markets. WHAT'S AT STAKE: Timing is vital.
Summary Box: Layoffs drive foreclosures to new record in 2nd quarterAugust 20th, 2009 Summary Box: Foreclosures hit new recordWHAT HAPPENED?: A quarterly report released Thursday by the Mortgage Bankers Association found that more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure. WHAT DOES IT MEAN?: It's another new record, and an indication that the foreclosure crisis is still getting worse as layoffs continue to soar.
Summary Box: Arbitration key in union bill dispute in CongressJuly 28th, 2009 Summary Box: Arbitration key in union bill disputeSHIFTING DEBATE: The clash over a bill that would make it easier to form unions is shifting as labor leaders and lawmakers try to fashion a compromise that can garner 60 votes in the Senate. CARD CHECK DROPPING? For months, business groups have focused on the bill's "card check" plan that would let workers sign cards to organize unions instead of voting by secret ballot.
NASA releases accident summary of doomed carbon satelliteJuly 17th, 2009 Accident summary of doomed CO2 satellite releasedLOS ANGELES — A NASA panel investigating the loss of a climate satellite earlier this year says a hardware problem prevented it from reaching orbit. A summary of the findings was released Friday.
Planet Hollywood in Las Vegas agrees to pay $500,000 fine over lax policing of nightclubJuly 12th, 2009 Planet Hollywood agrees to pay $500,000 fine in NVLAS VEGAS — Planet Hollywood Resort & Casino has agreed to pay a $500,000 fine to Nevada gambling regulators over lax policing of illegal activity inside an independently operated nightclub at the resort. In a settlement with the Nevada Gaming Control Board, Planet Hollywood agreed to pay another $250,000 in a year if changes are not made in the operation of the nightclub, which leases space in the resort.
Approval given for $2B development project that would end horseracing at Hollywood ParkJuly 9th, 2009 Deal that would end Hollywood Park races approvedINGLEWOOD, Calif. — The Inglewood City Council has approved a $2 billion development that would put an end to horse racing at the Hollywood Park racetrack.
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