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Saturday, March 20, 2010 12:01 AM PDT

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Today's Business News: Strike begins as talks between BA, union collapse Letter: Lehman accounting tricks possibly illegal Stocks fall as worries about Greek debt return Regulators shut 7 banks in 5 states; 37 in 2010 Embezzler who got tax credit faces more charges The four cities that best weathered the recession Gabelli's son wins dismissal of much of SEC case Lawmaker seeks records on Fed Board stock ownership Earnings schedule for week of 03/22/10 No European financial protectionism: Barnier Great Wolf to offer $225M of mortgage notes Doha trade talks not at their expected stage - Anand Sharma Syms names Joel Feigenbaum integration chief House GOP calls for Fannie, Freddie phase out MLPs Pump Up The Volume Pay czar trims salaries at top of GM exec ranks Out-Frenching the French Strike begins as talks between BA, union collapse Fri, 19 Mar 2010 11:33 pm PDT AP - A three-day strike by British Airways cabin crew affecting thousands of travelers began Saturday after last-ditch talks between the airline's management and union leaders collapsed. Full Story Top Letter: Lehman accounting tricks possibly illegal Fri, 19 Mar 2010 11:35 pm PDT AP - A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday. Full Story Top Stocks fall as worries about Greek debt return Fri, 19 Mar 2010 03:10 pm PDT AP - Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery. Full Story Top Regulators shut 7 banks in 5 states; 37 in 2010 Fri, 19 Mar 2010 05:30 pm PDT AP - Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year. Full Story Top Embezzler who got tax credit faces more charges Fri, 19 Mar 2010 04:49 pm PDT AP - A convicted embezzler who snagged more than $9 million in business tax credits from the state of Michigan has been charged with defrauding an elderly neighbor. Full Story Top The four cities that best weathered the recession Fri, 19 Mar 2010 02:11 pm PDT AP - Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment. Full Story Top Gabelli's son wins dismissal of much of SEC case Thu, 18 Mar 2010 04:40 pm PDT Reuters - The son of prominent investor Mario Gabelli has won the dismissal of large parts of a U.S. Securities and Exchange Commission lawsuit alleging securities fraud related to market timing. Full Story Top Lawmaker seeks records on Fed Board stock ownership Fri, 19 Mar 2010 07:35 am PDT Reuters - The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup (GS.N). Full Story Top Earnings schedule for week of 03/22/10 Fri, 19 Mar 2010 12:59 pm PDT AP - Major companies tentatively scheduled to report quarterly earnings next week: Full Story Top No European financial protectionism: Barnier Fri, 19 Mar 2010 03:48 pm PDT AFP - EU financial services commissioner Michel Barnier sought on Friday to calm US fears of discrimination over European financial services reforms that would regulate hedge funds. Full Story Top Great Wolf to offer $225M of mortgage notes Fri, 19 Mar 2010 02:15 pm PDT AP - Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017. Full Story Top Doha trade talks not at their expected stage - Anand Sharma Fri, 19 Mar 2010 08:09 pm PDT Reuters - Minister of commerce and industry Anand Sharma said on Friday that progress in concluding global trade talks was behind schedule but that it was up to political leaders to decide if they can meet their own year-end deadline for a deal. Full Story Top Syms names Joel Feigenbaum integration chief Fri, 19 Mar 2010 01:13 pm PDT AP - Discount apparel retailer Syms Corp. on Friday named Joel Feigenbaum chief integration officer. Full Story Top House GOP calls for Fannie, Freddie phase out Fri, 19 Mar 2010 01:42 pm PDT Reuters - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market. Full Story Top MLPs Pump Up The Volume Fri, 19 Mar 2010 03:36 pm PDT Investor's Business Daily - When the first gas started flowing through the 1,679-mile-long Rockies Express Pipeline in November last year, it was a coming-of-age party for a growing class of pipeline owners called MLPs. Full Story Top Pay czar trims salaries at top of GM exec ranks Fri, 19 Mar 2010 03:40 pm PDT Reuters - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year. Full Story Top Out-Frenching the French Fri, 19 Mar 2010 05:08 am PDT BusinessWeek - Ooh la la! Our family's INSEAD MBA (INSEAD Full-Time MBA Profile) experience feels like one intense Twilight Zone episode. Time has lost all value, and it's difficult to pinpoint when my husband, Mark, actually attended his first lecture. Was it four months ago or four days ago? Or has it been four years now? Standard calendars confirm the program commenced in September 2009, but the whirlwind of events that has transpired since then has aged me several years. ... Full Story Top

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