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House Panel Takes Harder Line On Wall Street Pay

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.

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Congress Acts To Shore Up Depleted Programs

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.

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Stocks Slip As July Consumer Confidence Falls

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.

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Consumer Confidence Falls Further In July

Updated: 07/28/2009 - A private research group says Americans' mood darkened further in July as worries about job security offset any enthusiasm about the resumed stock-market rally that has helped bolster retirement accounts.

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IBM To Acquire SPSS For $1.2 Billion

IBM running Masters.com

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.

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Texas Financier Stanford Requests New Prison

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.

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Allstate Ends Sponsorship Of Allstate 400

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.

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Apple, Labels Work On Album `Cocktail'

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.

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Details Scant In Venture With IAC, NBC's Silverman

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.

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Venezuela Delays Bidding In Orinoco Belt

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.

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Ticketmaster, Live Nation Merger Raises Concerns

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."

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Emerson Opens $50 Million Global Data Center

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.

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Verizon To Cut 8,000 Jobs

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

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IAC In New Venture With NBC's Ben Silverman

Posted: 07/27/2009 - Ben Silverman will be leaving his job as co-chairman of NBC Entertainment and Universal Movie Studios to head a new venture with IAC/InterActiveCorp.

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