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Saturday, August 1, 2009 12:01 AM PDT

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Today's Business News: House votes to clamp limits on Wall Street bonuses Profit reports push Dow to best July in 20 years Regulators shut down banks in five states A superstar real estate agent plots his comeback Dems win approval of health bill in committee Stock Fund Inflow Continued In June Tupperware parties and Avon ladies are back in U.S. NV Energy 2Q earns drop 49 percent International deal agreed for Ukraine gas bills: EU Illinois files bias suit against Wells Fargo KKR portfolio companies' IPOs likely on horizon Jackson doctor riddled with debts: court documents Sector Snap: Airline shares mixed Genworth shares fall as 2Q results miss estimates Weyerhaeuser posts wider 2Q loss on weak demand Female Pay Inequality Persists in U.K. Now Hiring: Green-Collar Workers House votes to clamp limits on Wall Street bonuses Fri, 31 Jul 2009 09:50 pm PDT AP - Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy. Full Story Top Profit reports push Dow to best July in 20 years Fri, 31 Jul 2009 09:55 pm PDT AP - New hope for the economy just gave the stock market its best July in 20 years. Full Story Top Regulators shut down banks in five states Fri, 31 Jul 2009 05:31 pm PDT AP - Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. Full Story Top A superstar real estate agent plots his comeback Fri, 31 Jul 2009 11:33 pm PDT AP - It's the perfect Miami morning at Carlos Justo's penthouse — warm and bright, with luxury yachts powering through the sparkling blue Atlantic Ocean some 30 stories below. Full Story Top Dems win approval of health bill in committee Fri, 31 Jul 2009 09:16 pm PDT AP - In a triumph for President Barack Obama, Democrats narrowly pushed sweeping health care legislation through a key congressional committee Friday night and cleared the way for a September showdown in the House. Full Story Top Stock Fund Inflow Continued In June Thu, 30 Jul 2009 04:17 pm PDT Investor's Business Daily - Investors pumped $12 billion into stock funds in June. Bond funds pulled in $29.09 billion. Full Story Top Tupperware parties and Avon ladies are back in U.S. Fri, 31 Jul 2009 12:30 pm PDT Reuters - The Tupperware party is back and Avon is calling again, ushered in by the U.S. recession. Full Story Top NV Energy 2Q earns drop 49 percent Fri, 31 Jul 2009 02:53 pm PDT AP - NV Energy Inc., the parent firm of Nevada's two main electric utilities, said Friday earnings for the second quarter fell 49 percent because of higher costs and interest expenses related to power plant investments. Full Story Top International deal agreed for Ukraine gas bills: EU Fri, 31 Jul 2009 12:51 pm PDT AFP - Ukraine has reached a deal with international financial bodies and the EU for payment of Russian gas bills, the European Commission said Friday, allaying fears of another winter cut-off. Full Story Top Illinois files bias suit against Wells Fargo Fri, 31 Jul 2009 02:58 pm PDT Reuters - Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co (WFC.N), accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans. Full Story Top KKR portfolio companies' IPOs likely on horizon Fri, 31 Jul 2009 10:59 pm PDT Reuters - Private equity firm Kohlberg Kravis Roberts & Co is preparing for an initial public offering for discount retailer Dollar General, a source said, and others are speculated to follow as it looks to take advantage of a recent rise in equity markets. Full Story Top Jackson doctor riddled with debts: court documents Fri, 31 Jul 2009 03:16 pm PDT AFP - Michael Jackson's doctor is more than 770,000 dollars in debt and his luxury resort home in Las Vegas faces foreclosure, court documents filed in Nevada have revealed. Full Story Top Sector Snap: Airline shares mixed Fri, 31 Jul 2009 01:15 pm PDT AP - Shares of major U.S. carriers were mixed Friday as oil prices advanced. The broader stock market also was up. Full Story Top Genworth shares fall as 2Q results miss estimates Fri, 31 Jul 2009 09:22 am PDT AP - Genworth Financial Inc. shares slipped on Friday, a day after the insurer reported worse-than-expected second-quarter results as it was hit by losses in its U.S. mortgage insurance division and investment portfolio. Full Story Top Weyerhaeuser posts wider 2Q loss on weak demand Fri, 31 Jul 2009 02:07 pm PDT AP - Timber and wood products company Weyerhaeuser Co. said Friday its second-quarter loss widened as the slumping housing market suppressed demand for its building supplies. Full Story Top Female Pay Inequality Persists in U.K. Fri, 31 Jul 2009 05:08 am PDT BusinessWeek - Progress on gender pay equality in the UK has stalled, says the government's Women and Work Commission (WWC) but senior female tech workers at least have reason to smile, according to new research. Full Story Top Now Hiring: Green-Collar Workers Fri, 31 Jul 2009 05:08 am PDT BusinessWeek - When Alden Zeitz started the Wind Energy Program at Iowa Lakes Community College five years ago, 15 students enrolled. Full Story Top

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