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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 05, 2009
Page
2
The House approved a bill 331 to 92 to speed up applying new limits on how banks charge borrowers. Senate doubts persist but market reaction showed bank stocks falling after the vote as Democrats frame the bill as a warning against price gouging.
Cedar Fair Entertainment Co says it will not pay any cash distribution in 2010 to unit holders due to lower revenues. For the nine months ended Sept 27 revenue fell to 810.5 million from 877 million last year. total park attendance declined by 1.2 million. House panel votes to give SEC more power. The Financial Services Committee approved expanding regulator powers and funding to police major market players, including bounty tips and barring violators from employment.
The Federal Reserve on Wednesday held the target range for its benchmark banking rate at zero to 0.25 percent and made no major changes to the program aimed at driving down mortgage rates.
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