Bank execs apologize for risky 2008 practices
Washington hearings open the Financial Crisis Inquiry Commission as Wall Street leaders admit underestimating crisis severity and defend bonus practices. Bank of America chief Moynihan says most employees were not at fault and expects higher pay next year. Dimon notes cuts in 2008 are over. Mack says Morgan Stanley overhauled pay to curb risk.
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Wall Street
Commission
Financial Crisis Inquiry Commission
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Brian Moynihan
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Moynihan
Jamie Dimon
Jpmorgan Chase & Co
Dimon
John Mack
Morgan Stanley
Center
Capitol Hill
Web tools promise to help shape up finances
McGuire reviews online personal finance tools aimed at Gen X and Y, noting Mint com and Schwab moneyandmore com among resources. The piece highlights budgeting charts, alerts, and peer spending comparisons while urging readers to test multiple sites for fit.
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Lifetuner
AARP
Charles Schwab
Schwab
Kmeguire
Google's threat to leave China sparks rare defiance
AP reports Google plans to end censorship and possibly exit China, risking friction with communist authorities. Industry peers like Microsoft and Cisco gave no comment, while Yahoo says it is aligned though the meaning is unclear. Yahoo retains a stake in Alibaba after selling much of its business in China.
MENTIONED IN THIS ARTICLE
Google
China
Beijing
Google. Ca
Yahoo Inc
Yahoo
Alibaba Group
GM ends Tiger Woods free car access arrangement
General Motors says an agreement that allowed Tiger Woods to use GM loaner vehicles is over. The Buick endorsement contract ended in 2008, but a loaner arrangement remained until December 31. Woods has since lost multiple endorsements after the Florida crash and related personal scandal.
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General Motors Co
Tiger Woods
Woods
Buick
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