Posted: 07/28/2009 - A House panel has voted to ban corporate pay practices at financial firms that encourage "inappropriate risk," going farther than President Barack Obama wanted in trying to rein in excessive salaries and bonuses on Wall Street.
Posted: 07/28/2009 - The House, doing some billion-dollar housekeeping before it leaves for the August recess, is taking up legislation to keep recession-hit federal programs that support highway projects, state unemployment insurance and mortgage loans from running dry.
Posted: 07/28/2009 - Federal Reserve Chairman Ben Bernanke says his net worth dropped by almost a third last year.
Posted: 07/28/2009 - Stocks are edging lower following a report that consumer confidence fell in July. The Conference Board says its Consumer Confidence Index has fallen to 46.6 in July from 49.3 in June. Economists were expecting a reading of 49.
Posted: 07/28/2009 - Insurer American International Group Inc. says it closed the sale of its life insurance premium finance business for $679.5 million in cash.
Posted: 07/28/2009 - Time Warner has bought back Google's 5% stake in struggling Internet company AOL for $283 million.
Posted: 07/28/2009 - A newspaper report says Bank of America Corp.'s CEO Ken Lewis is planning to shrink the bank's 6,100-branch network by about 10%.
Posted: 07/28/2009 - IBM is acquiring analytics-software maker SPSS in an all-cash transaction at $50 per share for a deal valued at about $1.2 billion.
Posted: 07/27/2009 - Texas financier R. Allen Stanford wants to be moved from a private prison because he's been without air conditioning and shares a cell with up to 10 other inmates.
Posted: 07/27/2009 - Allstate Corp. is ending its sponsorship of the Allstate 400 at the Brickyard following a five-year sponsorship run at the Indianapolis Motor Speedway.
Posted: 07/27/2009 - Apple Inc. and the four major recording labels are working on launching a music offering code-named "Cocktail" that aims to add value to digital albums sold on the online iTunes Store.
Posted: 07/27/2009 - A new venture that NBC Entertainment co-chairman Ben Silverman is leaving the network to form with Barry Diller's IAC/InterActiveCorp promises better integration of ad campaigns by involving advertisers earlier in a show's development.
Posted: 07/27/2009 - Visa is reorganizing its management team by consolidating several operations under its chief operating officer, John Partridge.
Posted: 07/27/2009 - Amgen says its second-quarter profit rose 40 percent on lower costs and restructuring expenses as anemia drug sales continued falling.
Posted: 07/27/2009 - Gold prices are little changed, while other metals are slightly higher amid a mixed batch of earnings reports and economic data.
Posted: 07/27/2009 - Venezuela is postponing bidding among foreign oil companies for contracts to exploit seven areas within its heavy-oil-producing Orinoco belt.
Posted: 07/27/2009 - Verizon is giving some of its home broadband customers free access to thousands of Wi-Fi hotspots in airports and other public places
Posted: 07/27/2009 - Federal regulators are making permanent an emergency rule aimed at reducing abusive short-selling, put in at the height of last fall's market turmoil.
Posted: 07/27/2009 - A key senator is warning that the proposed merger of ticketing company Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc. raises "serious competition concerns."
Posted: 07/27/2009 - Officials at St. Louis-based Emerson Electric say a new $50 million data center will be about one-third more energy efficient than traditional data centers.
Posted: 07/27/2009 - Phone company Verizon says it will cut 8,000 jobs from among employees and contractors before the end of the year