House votes to restrict Wall Street pay
The House voted to slap restrictions on how Wall Street executives are paid after nine banks that took government aid rewarded thousands of their employees with bonuses topping $1 million each.
Best July for the Dow industrials in 20 years
Traders used good news about the economy Friday to give the Dow Jones industrials their best July in 20 years.
Fort Myers man charged with credit …..
The Lee County Sheriff’s Office today arrested Phillip Paul Thomas, 23, of 18529 Sunflower Road, Fort Myers, on charges of credit card fraud , fraudulent/criminal use of personal identification information , scheme to defraud, grand theft and dealing in stolen property.
AutoNation 2Q profit falls 29 pct, revenue falls
AutoNation Inc., the nation’s largest auto dealership chain, said Friday that its second-quarter profit fell 29 percent as consumers bought fewer cars in a stressed economy, but remained optimistic that the industry is beginning to stabilize.
SBV vows to retain control on exchange rate
Vietnam s central bank State Bank of Vietnam said the bank will continue to control the exchange rate and will not let it float freely anytime soon.
Dollar extends fall in European trade
The greenback extended decline in European trade Friday after weakened in Asian trade .
Forex bureaus to return to Zimbabwe
Reserve Bank of Zimbabwe on Friday said it has allowed foreign exchange bureaus to resume full operations as part of reforms aimed at reviving the battered economy.
PBC to continue relaxing monetary policies
China s central bank the People s Bank of China (PBC) said it is necessary to steadfastly continue moderately relaxed monetary policies to ensure continuity and stability and consolidate the momentum of economic recovery.
Ausie closes higher vs dollar
The Australian dollar closed higher on Friday on increased demand for the currency from domestic fund managers rebalancing their portfolios.
Desal ‘ideal’ for super
AUSTRALIA’S $1 trillion superannuation funds will be asked to invest in Victoria’s $3.5 billion desalination project, which is being heralded as the biggest public-private project since the start of the global financial crisis.
GPT axes joint venture
AUSTRALIA’S oldest property trust, GPT Group, is splitting from its debt-ridden Europe joint venture.
Power of big four harmful
FORMER competition watchdog Allan Fels has expressed fears that genuine banking industry competition will be lost for decades.
Liquidator to escape grilling
LIQUIDATOR Stuart Ariff looks set to avoid a six-week grilling in the witness box over his alleged misconduct in relation to a number of companies as settlement talks with the corporate regulator continue.
Elders in win-win sale to QBE
EMBATTLED rural group Elders has added some much-needed strength to its balance sheet by selling its insurance arm to QBE.
New real estate disclosure laws
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Energy-burning Brown Fat In Mice Created
If such a strategy can be developed for use in people, the scientists say, it could open a novel approach to treating obesity and diabetes.
Obama enacts new stem cell research rules
WashingtonUS President Barack Obama directed federal agencies on Thursday to enact new rules governing federally funded research on human embryonic stem cells.