Commission vows subpoenas if banks stall on documents
Phil Angelides and Bill Thomas said the Financial Crisis Inquiry Commission will publicly name companies or agencies that refuse voluntary document production. The panel, modeled after the 9 11 Commission, seeks to probe Wall Street roles in the 2007 2009 meltdown and must report by December 2010.
MENTIONED IN THIS ARTICLE
Washington
Phil Angelides
Financial Crisis Inquiry Commission
McClatchy
Wall Street
Goldman Sachs
Goldman
Pension
Angelides
Bill Thomas
Special Commission
Congress
Financial Commission
Thomas
Bill
Commission
Rich shopping rebound shows diverging American spenders
Retail earnings reveal the wealthy returning to higher end outlets like Nordstrom and Bloomingdale’s for value driven choices, while lower income shoppers stick to basics at Wal-Mart and Kohl’s. Analysts note selective luxury traffic, ongoing thrift in spending, and bigger gaps across income groups.
MENTIONED IN THIS ARTICLE
Nordstrom
Wal- Mart
Richard Hastings
Global Hunter Securities LLC
Nordstrom Inc
Bloomingdale's
Wal-Mart Stores Inc
Robert Burke
Abercrombie & Fitch
Patricia Murnane
J.C. Penney Co
Wal-Mart
Hastings
Weak dollar unlikely to trim trade gap soon
The weaker dollar may lift exports but not quickly, as the trade deficit rose 18.2 percent to 36.5 billion dollars in September. Exports grew for a fifth straight month while imports rose faster, driven by higher oil prices and foreign goods and parts purchases for U.S. production. Economists see the gap persisting into mid next year.
MENTIONED IN THIS ARTICLE
Washington
U.S
Julia Coronado
BNP Paribas
Commerce Department
Google digital books settlement could expand library access
Google plans to add millions of copyrighted books to its digital library under a revised settlement. The proposal, filed in a New York federal court, aims to resolve a four year-old lawsuit with author and publisher groups. Critics warn it could create a literary cartel, raise prices, and clash with copyright laws, while officials in the United States and abroad call for tighter limits. The plan envisions subscriptions and individual sales with proceeds to authors and publishers, enabling Google to index more out of print works it has already scanned.
MENTIONED IN THIS ARTICLE
San Francisco
Google Inc
Google
New York
U.S
U.S. Justice Department
Internet
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Chicago
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Portland
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Christopher S. Rugaber and
Martin Cruisinger
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Pfizer NY
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FirstEngy NY
SprintNex NY
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Spdr Fuel NY
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Steris NY
Genzyme Nasd
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Synovus
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3Com Nasd
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Ussteal NY
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Ishemkts NY
WalMart NY
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Intel Nash
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New York Mercantile Exchange
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