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Illinois considers extending tax break to small businesses
Legislators are considering a bill that would expand the scope of the state's main economic development program to small businesses. House Bill 1336 calls for eliminating a requirement that companies make a capital investment in the state of at least $1...
Tags: Business, Government, Business Enterprises, Executive Branch, Illinois Governor
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Goldman Sachs Group, Inc., Federal Reserve, Mortgages, Morgan Stanley Dean Witter & Company, Bank of America Corp.
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Laid-off workers form co-op to open Chicago window plant
Workers who made news around the world when they staged a sit-in at a Chicago window factory in 2008 have struck out on their own with the help of a nonprofit. "I don't believe it just yet," said Joel Cruz, one of 17 workers who are owners of New Era...
Tags: Employment Opportunities, Plant Openings, Unemployment, Companies and Corporations, Economy, Business and Finance
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Foreclosure fights drag market down
Janet and Paul Arndt fell behind on their bills a couple of years ago after Janet lost her job as an office administrator and Paul had back and neck problems that prevented him from working as a painter. Their Heidelberg Township home went into...
Tags: Finance, Government, Bethesda (Montgomery, Maryland), Rentals, Foreclosures
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Plan to sell gun maker needs a background check
What with the terrorist attack in Boston, the deadly explosion at a fertilizer plant in Texas and the inane vote against gun control in the U.S. Senate, you may have missed the news late last week about Stephen Feinberg. The reclusive co-founder of the...Tags: Gun Control, Lazard Limited, Michael S. Dell, Interior Policy, Texas Fertilizer Plant Explosion (2013)
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Foreclosure-abuse settlement checks bounce
Some borrowers who received compensation for possible foreclosure abuses were told to take a hike this week when they tried to cash the checks. Just when it seemed the mortgage mess might be tailing off, it was the latest debacle for a program whose...
Tags: Finance, Economy, Business and Finance, Federal Reserve, The New York Times, Bank of America Corp.
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Customers more satisfied with big banks, J.D. Power survey says
Megabanks still lag behind their smaller brethren in customer satisfaction, but the goliaths are catching up, according to a national survey that ranked JPMorgan Chase Bank highest among the big dogs and Bank of America lowest. The J.D. Power and...Tags: City National Corporation, Banking, Bank of America Corp., Marketing, Citigroup Incorporated
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BofA's Countrywide In Record $500M Mortgage Settlement
Bank of America Corp. has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to resolve federal class-action litigation over...Tags: Finance, Dubai (United Arab Emirates), Fannie Mae, Justice System, American International Group
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BofA quadruples its profit but disappoints investors
Bank of America Corp. quadrupled its first-quarter profit, reducing expenses and loan losses and reporting better brokerage and investment banking results, but continued to be bogged down by its mortgage operations, disappointing investors. Trying to...Tags: Finance, Credit Ratings, Economy, Business and Finance, Countrywide Financial Corp., Real Estate
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Mayor Emanuel reports gifts from the rich and famous
A stay at the house of a Hollywood entertainment mogul, transportation on the tabs of millionaire venture capitalists and, for the second straight year, sports tickets, meals and more from his close adviser Michael Sacks. These perks and others are...
Tags: Finance, Business Enterprises, Investments, Barack Obama, Local Government
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Will new SEC hang whistle-blowers out to dry?
The Securities and Exchange Commission is certainly looking all spiffy and new these days. Mary Jo White, the former federal prosecutor and Debevoise & Plimpton law partner, has taken over as chairman. She tapped her longtime deputy at the Southern...Tags: Bernard Madoff, Mary Jo White, Justice System, U.S. Securities and Exchange Commission, Freedom of Information Act
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Don't blame computers; blame humans
Economist Paul Krugman has questioned whether the economic malaise of the last five years could correctly be labeled as “the Excel Depression.” The short version of this theory is that a spreadsheet coding error led a couple of respected...
Tags: Finance, Business Enterprises, Media Industry, Investments, Barack Obama
May 10, 2013
|Story| Chicago Tribune
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Chicago Tribune
May 4, 2013
|Story| Allentown Morning Call
Apr 22, 2013
|Column| Allentown Morning Call
Apr 18, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 17, 2013
|Story| Hartford Courant
Apr 17, 2013
|Story| Los Angeles Times
May 3, 2013
|Story| Chicago Tribune
Apr 30, 2013
|Column| Allentown Morning Call
Apr 27, 2013
|Story| Herald Mail
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