The House proposal looks weaker than the plan the President proposed this summer

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Watered-Down Reforms

How New Democrats and Wall Street lobbyists are taming new financial regulation in Congress

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Not So Radical Reform on Wall Street

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U.S. May Stop Cable From Withholding Sports

Apple Computer Inc., the maker of the bestselling iPod digital music player, won a federal appeals court ruling upholding dismissal of a lawsuit claiming the device and headsets sold with it are defective and the company doesn’t adequately warn about the possibility of hearing loss.

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Apple Wins in Suit Over iPod Hearing Loss

American International Group Inc. general counsel Anastasia Kelly, who resigned after a dispute over government-imposed pay limits, will reap about $3.8 million in severance, said people familiar with the matter.

Source:
AIG Said to Pay Top Lawyer $3.8 Million in Severance (Update1)

Anil Kumar, the former McKinsey & Co. director who is a defendant in the Galleon Group insider- trading case, will be charged by criminal information once he waives his right to be indicted by a federal grand jury.

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Kumar to Waive Indictment in Galleon Case, U.S. Says (Update2)

GMAC Inc. received a $3.8 billion capital injection from the U.S. Treasury, the third lifeline to the home and auto lender that counts the government as its largest stakeholder.

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GMAC Receives $3.8 Billion as U.S. Gives Lender Third Bailout

It took about 20 years before television viewers no longer had to wait for their sets to warm up. Yet here we are, 30-plus years into the personal computer era, and the instant-on PC remains elusive.

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Microsoft Needs a Swift Kick in the Boot-Up: Rich Jaroslovsky

NEW YORK (Reuters) – U.S. stocks ended a smidgen higher in very light trading on Wednesday as a stronger-than-expected report on Midwest U.S. business activity was offset by investors taking profits in some of the year’s better performers.

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Wall St ends a tad higher; Dow, Nasdaq at ’09 highs

WASHINGTON (Reuters) – The Obama administration said on Wednesday it would provide GMAC Financial Services an additional $3.8 billion of government aid, raising the government’s stake in the company to 56 percent from 35 percent.

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Treasury to dole out $3.8 billion more for GMAC

Key events in the government’s rescue of Fannie Mae and Freddie Mac: _ March 2008: As the housing market unravels, regulators loosen restraints on Washington-based Fannie and McLean, Va.-based Freddie so they can expand their support of the mortgage market….

Fannie Mae – Freddie Mac – Washington DC – Business – McLean Virginia

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Time line: The slow collapse of Fannie, Freddie

It appears Fox won’t accept Time Warner Cable’s offer to carry its broadcast signal while a fee dispute continues. Chase Carey, chief operating officer of Fox owner News Corp., told staff in a memo that a signal interruption was likely when the current deal…

Time Warner Cable – Cable television – Fox Broadcasting Company – Television – Arts

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Fox retrenches in Time Warner Cable dispute

A suicide bomber detonated his explosive vest at a military base in eastern Afghanistan on Wednesday, killing eight Americans, U.S. officials said. The explosion occurred at Forward Operating Base Chapman in Khost province near the Afghan border with…

Afghanistan – Khost Province – Suicide attack – Military base – United States

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State Department: 8 Americans die in Afghan attack

The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit. The Treasury Department says the new aid, which comes from a taxpayer-financed bailout fund, is…

Wall Street Journal – GMAC – Administration of federal assistance in the United States – Financial services – Business

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Govt gives GMAC $3.8 billion in new aid

WASHINGTON (Reuters) – A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about?

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The coming Great Inflation, real or imagined