(10-30) 20:07 PDT San Francisco, CA (AP) — Hundreds of gallons of fuel spilled from an oil tanker Friday, creating a slick on the San Francisco Bay but not making it to shore, the mayor said. “They’re doing an admirable job containing the…

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San Francisco Bay – United States – California – San Francisco – San Francisco Bay Area

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Oil tanker spills fuel into San Francisco Bay

LOS ANGELES (Reuters) – U.S. Bancorp on Friday acquired nine banks held by FBOP Corp, picking up $18.4 billion in assets after regulators seized a major Los Angeles lender and eight other banks in the latest failures to emerge from the financial crisis.

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U.S. Bancorp gets $18 billion seized bank assets

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World’s Strongest Financial Markets

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How to Play It: Regional Banks

At the financial crisis’ epicenter, small-town bankers like Jim Edwards are building their businesses by mopping up the damage to their communities

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Mr. Cleanup for the Bank Industry

NEW YORK (Reuters) – CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health.

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CIT moves closer to pre-packaged bankruptcy approval

BEIJING (Reuters) – A gradual global economic return to health will help Chinese exports grow again, but there are still many uncertainties and any recovery will be “hard and tortuous,” China’s Commerce Ministry said.

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China sees bumpy road ahead for export recovery

(10-30) 19:46 PDT New York (AP) — Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan defaults. The banks were units of privately held FBOP Corp., a Chicago-…

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New York – United States – California – Associated Press – Financial Services

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Federal regulators close 9 banks

(10-30) 19:24 PDT Santa Cruz, Calif. (AP) — A Santa Cruz man who claimed he lost his memory around the time his wife was murdered has been sentenced to 25 years to life in prison for her death. Forty-four-year-old Marshall Doud maintained…

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California – Murder – Life imprisonment – Santa Cruz – Associated Press

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Santa Cruz man sentenced in wife’s murder

(10-30) 19:24 PDT WASHINGTON (AP) — Dozens of lawmakers have drawn scrutiny from their ethics monitor this year for everything from financial dealings to travel and campaign donations, according to a leaked account showing an active House panel…

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Ethics – United States Congress – Associated Press – Congress – Philosophy

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Ethics panel scrutinizing dozens of House members

WASHINGTON (Reuters) – Federal Reserve officials are scheduled to meet with bank executives on Monday to discuss executive pay at large financial firms, a Fed spokesperson said on Friday.

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Fed to meet bank execs on pay reviews

LOS ANGELES (Reuters) – Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.

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Feds to seize LA bank in 4th biggest failure: report

The news out of the telecom equipment industry continues to be fairly bleak, but there are signs of recovery across the board. Hard-put Motorola (MOT) reported a return to profitability on Oct. 29, but its handset revenues declined 46% year over year. Motorola sold 13.6 million mobile phones in the …

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Telecom Roundup: Handsets Sag, Networks Bleed

(10-30) 18:15 PDT WASHINGTON, (AP) — Executives of the nation’s 28 largest banks will meet with Federal Reserve supervisors on Monday to discuss the Fed’s plan to police banks’ pay policies, officials said Friday. Under a plan recently put…

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Big bank executives to meet with Fed

(10-30) 18:09 PDT Las Vegas, NV (AP) — An experimental, home-built plane has crashed on a street near the North Las Vegas airport after its engine failed. Federal Aviation Administration spokesman Ian Gregor said two passengers had minor…

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Federal Aviation Administration – Las Vegas Nevada – Associated Press – Las Vegas – Aviation accidents and incidents

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Home-built plane crashes on Las Vegas street