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Washington`s bank pay crackdown
Washington launched its biggest offensive yet against runaway Wall Street pay practices Thursday, taking aim at everyone from senior executives to high-flying traders of complex securities.
CNN

Washington cracks down on bank pay
Washington launched its biggest offensive yet against runaway Wall Street pay practices Thursday, taking aim at everyone from senior executives to high-flying traders of complex securities, CNNMoney reports. 'It does offend our values when executives of big financial firms ... pay themselves huge bonuses even as they continue to rely on taxpayer assistance,' President Obama said.
CNN

Xerox profit beats estimates, shares rise 4 pct
Xerox Corp's quarterly profit was halved, underscoring the slowdown in office equipment spending, although cost cuts helped the company beat Wall Street expectations, sending shares up 4 percent.
IB Times

Top Line: Sherrod Brown Decries Wall Street Bonuses
Democratic Senator Sherrod Brown says he's not worried about a 'brain drain' due to pay cuts.
ABC News

Medill-McKinney Case: Are Student Journalists Protected?
A class project at Northwestern's Medill School of Journalism found convincing evidence for reopening the three-decade-old murder conviction of Anthony McKinney. So why are the student journalists being subpoenaed?
TIME

Blue-chip earnings, financials lift Wall Street
NEW YORK (Reuters) - Wall Street rose on Thursday, led by financial shares, as insurer Travelers' quarterly profit more than quadrupled.
Reuters

Fed lowers the boom on excessive bank pay
The Federal reserve today launched its biggest offensive yet against runaway Wall Street pay practices, taking aim at everyone from senior executives to high-flying traders of complex securities. The Fed, headed by Ben Bernanke, proposed a sweeping review of pay policies at 28 of the nation's largest banks. It wants to make sure employees are not tempted to make the kinds of bets that could put their company at risk of going under.
CNN

Medill Case: Are Student Journalists Protected?
A class project found convincing evidence for reopening a three-decade old murder conviction. So why are the student journalists being subpoenaed?
TIME

EMC Profits Down 24% but Revenue Beats Street Predictions
Overall revenue was down 5 percent from a year ago. Nonetheless, EMC, which predicted overall 2009 earnings at 87 cents per common stock share, posted a performance that surpassed most Wall Street expectations in the slow-moving world economy. - External storage market leader EMC reported Oct. 22 that it banked $298 million in profit in Q3 2009 on total revenue of $3.52 billion, but also that its profit was $95 million -- or 24 percent less -- than a year ago. Overall revenue was down 5 percent from a year ago. Nonetheless, EMC, which...
eWEEK

Why knock the new kid on the block
J Street Executive Director Jeremy Ben-Ami. Photo: Ariel Jerozolimski One hundred and fifty members of congress and senators are members of the host committee, among them representatives with a k...
bignewsnetwork.com

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