Senate clears hurdle on jobless benefits in election year
In a 60 37 vote six Republicans joined Democrats to keep a bill reviving expired federal unemployment benefits alive prompting Obama to urge passage. Moran and Roberts rejected the measure indicating partisan divides as lawmakers court voters amid a slow recovery.
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New York Bank to Pay $2.5 Billion Over Madoff Failures
JPMorgan Chase will forfeit $1.7 billion in criminal penalties and pay $543 million in civil claims plus a $350 million civil penalty. Authorities say the bank ignored warning signs of Bernard Madoff's Ponzi scheme and failed anti money laundering duties. FBI officials cite the bank's deficiencies as key to enabling the fraud.
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Mulally stays at Ford amid Microsoft CEO speculation
Alan Mulally says he will not leave Ford before 2015 and dismisses plans to join Microsoft. The Dearborn CEO, credited with reviving Ford, told The Associated Press the speculation is a distraction and confirmed no confirmed talks with Microsoft. He grew up in Lawrence and is a Kansas University alumnus.
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