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Feds seize Peoples Community; First Financial Bancorp takes over
The Office of Thrift Supervision on Friday closed Peoples Community Bancorp, and First financial bancorp, which had agreed to purchase branches of the troubled savings bank, will reopen it Monday. (FFBC) (PCBI) (FFBC)
Biz Journal Saturday, August 01, 2009

U.S. House votes to restrict CEO pay
The U.S. House of Representatives passed a measure Friday that restricts pay and bonuses for Wall Street investment houses, big banks that benefit from federal bailout money and public companies.The measure passed 237 to 185, with most Democrats supporting the pay and bonus restrictions and Republicans opposing.
Biz Journal Saturday, August 01, 2009

Portfolio co IPOs likely on horizon for KKR
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.
IB Times Saturday, August 01, 2009

Las Vegas Sands targets $400 million bond sale
Las Vegas Sands, the world's largest casino firm, is seeking $400 million in short-term funding to help boost cash and restart construction of its stalled resort in Macau, local media reported on Saturday.
IB Times Saturday, August 01, 2009

UAE's Dana Gas makes new Egypt gas discoveries
United Arab Emirates-based Dana Gas said on Saturday it had made two gas finds in Egypt with reserves totalling an estimated 76 billion cubic feet.
IB Times Saturday, August 01, 2009

German car industry says slump bottoms out
The downturn in the German car industry has bottomed out but it will take time before sales recover to the levels of recent years, the president of Germany's car industry association (VDA) said on Saturday.
IB Times Saturday, August 01, 2009

HSBC's Maldonado blends science with art
HSBC's Bill Maldonado is a man who loves to mix science with art -- be that in running Halbis's hedge fund business, riding his high-power Ducati motorbike on a race track or piloting a light aircraft.
IB Times Saturday, August 01, 2009


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