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MiamiHerald.com

UBS Tax-Probe Settlement Nears as US, Swiss Reach Agreement Bloomberg Aug. 1 (Bloomberg) — UBS AG, the Swiss bank that's set to report a third consecutive quarterly loss, may be close to resolving a US tax probe that spurred defections by wealthy customers. The US and Switzerland “have reached an … Deal reached over names of UBS clientsMiamiHerald.com Swiss, US May Have Deal On BanksWashington Post Deal reached in UBS tax caseHouston Chronicle Wall Street Journal -Reuters -Forbes all 1,506 news articles »

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The Associated Press

House Gives Regulators Incentive Pay Role; Senate Prospects Dim Bloomberg Aug. 1 (Bloomberg) — The US House gave regulators the power to ban Wall Street incentive pay that encourages excessive risk-taking after banks bailed out by taxpayers paid billions of dollars in bonuses. … US House votes to restrict CEO payBizjournals.com House Passes Bill to Curb Executive PayWall Street Journal House Backs Greater Say On Pay by ShareholdersWashington Post The Associated Press -Boston Globe -Forbes all 941 news articles »

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Reuters

Ex-Qwest Chief Nacchio May Have Six-Year Sentence Reduced Bloomberg Aug. 1 (Bloomberg) — Joseph Nacchio, the former chief executive officer of Qwest Communications International Inc. serving a six-year prison term for insider trading, won a federal appeals court ruling that may reduce his sentence. … Insider Trading Sentence Cut for Ex-Qwest ExecutiveNew York Times Ex-Qwest chief Nacchio may get reduced jail timeReuters Court Orders New Prison Term for NacchioWall Street Journal The Associated Press -Bizjournals.com -FOXBusiness all 278 news articles »

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Five More US Banks Are Shut Down, Bringing 2009 Tally to 69 Bloomberg Aug. 1 (Bloomberg) — Banks in New Jersey, Ohio, Florida, Oklahoma and Illinois were shut, pushing the toll of failed US lenders to 69 this year, amid a 26-year high in unemployment and the worst economic slump since … 5 more banks failCNNMoney.com US regulators close five banks, total now 69Reuters State, Federal Regulators Close 4 Small BanksWall Street Journal Bizjournals.com -Lower Hudson Journal news -The Associated Press all 270 news articles »

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Reuters

Bank of America Says Three Directors Quit as Exodus Totals 10 Bloomberg Aug. 1 (Bloomberg) — Bank of America Corp., the lender that took $45 billion in US aid, said three directors resigned this week, pushing the total of departing board members to 10 since April. The board now has 13 members. … Bank of America Says Three More Directors QuitWall Street Journal BofA says good-bye to three more directorsBizjournals.com Bank of America plans China subsidiary: sourcesReuters CNNMoney.com -MarketWatch -International Business Times all 222 news articles »

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Boston Globe

Banker Pay Limits Are Passed in House; Bill Faces Uncertain Fate … Bloomberg Aug. 1 (Bloomberg) — The US House gave regulators the power to ban Wall Street incentive pay that encourages excessive risk-taking after banks bailed out by taxpayers paid billions of dollars in bonuses. … US House votes to restrict CEO payBizjournals.com House Passes Bill to Curb Executive PayWall Street Journal House Backs Greater Say On Pay by ShareholdersWashington Post Boston Globe -St. Augustine Record -The Associated Press all 947 news articles »

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MiamiHerald.com

Deal reached in UBS tax case Houston Chronicle MIAMI — Days before a high-stakes trial with implications for bankers worldwide, the US and Swiss governments said Friday they reached a hard-fought settlement in the US effort to get names of thousands of wealthy Americans … Swiss, US May Have Deal On BanksWashington Post US says it has a deal with UBS on tax caseBoston Globe US State Dept: US Pleased, Relieved About UBS DealWall Street Journal Reuters -Forbes -Bizjournals.com all 1,485 news articles »

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Reuters

Insider Trading Sentence Cut for Ex-Qwest Executive New York Times By AP An appeals court ordered a new, shorter sentence on Friday for Joseph P. Nacchio, left, the former chief executive of Qwest Communications International, saying his six-year term for insider trading was too long. The United States Court of … Ex-Qwest chief Nacchio may get reduced jail timeReuters Ex-Qwest Chief Nacchio May Have 6-Year Sentence CutBloomberg Court Orders New Prison Term for NacchioWall Street Journal Bizjournals.com -The Associated Press -FOXBusiness all 275 news articles »

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Telegraph.co.uk

US Economic Contraction Slowed in Quarter New York Times Jeff Roberson/AP An employee on duty at the Baldor Electric Co. factory in St. Louis in June. The government reading on US gross domestic product released Friday was better than economists expected. By CATHERINE RAMPELL and JACK HEALY The American … GDP beats expectations, giving hope that recession will end soonLos Angeles Times Recession end seen as US GDP drop narrows to 1.0 pctAFP Signs of an easing recessionSan Francisco Chronicle CNNMoney.com -BusinessWeek -Wall Street Journal all 1,637 news articles »

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MSN Philippines News

Washington Post Co. Returns To Profit With Cost-Cutting Washington Post The Washington Post Co. returned to profitability in the second quarter and the flagship newspaper division narrowed its first-quarter losses largely because of cost-cutting, according to earnings released Friday. … The Washington Post Co. Swings to a ProfitNew York Times Education Saves The Post, AgainForbes The Washington Post Company Reports Second Quarter EarningsFOXBusiness Wall Street Journal -The Associated Press -MarketWatch all 174 news articles »

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Washington Post

'Cash for clunkers' rebates survive _ for weekend The Associated Press WASHINGTON — Attention car buyers: There's still time to get in on the "cash for clunkers" rebate rush. The House hastened to refuel the program on Friday, voting to pour in $2 billion to prop up the trade-in deals that have all but overwhelmed … House Approves $2 Billion to Extend 'Clunker' PlanNew York Times Confusion reigns over `cash for clunker' programMiamiHerald.com Not everyone approves of rebate systemAmarillo.com Zanesville Times Recorder -Pioneer Press -The News-Press all 4,476 news articles »

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