Yankees revel in victory, tough decisions ahead
NEW YORK (Reuters) - The New York Yankees christened the new $1.5 billion Yankee Stadium the same way they opened "The House That Ruth Built" 86 years ago -- with a World Series title, the 27th for Major League Baseball's storied franchise.
Nations:U.S. People:Mariano Rivera Alex Rodriguez Andy Pettitte Johnny Damon Mark Teixeira Babe Ruth
2009-11-05
Ecstasy in the Bronx! Yankees win title No. 27
NEW YORK - The New York Yankees bolted from the dugout even before the last grounder was scooped up. After waiting nine years for championship No. 27, no one would dare hold them back.
Nations:U.S. People:Mariano Rivera Alex Rodriguez Robinson Cano Mickey Mantle Andy Pettitte Ryan Howard Activities:2009 MLB
2009-11-05
Ship forged with 9/11 steel sails into New York
NEW YORK (AFP) - The USS New York, a naval vessel whose bow was forged in part with steel from the World Trade Center towers destroyed on 9/11, sailed for the first time Monday into the city's harbor.
Nations:U.S. Afghanistan People:Michael Bloomberg Activities:Sept 11 Terror Attack Source:(AFP)
2009-11-02
Madoff right-hand man DiPascali stays in jail
NEW YORK (Reuters) - Epic fraudster Bernard Madoff's longtime deputy Frank DiPascali must stay in jail at least until more is disclosed about his cooperation in the government's investigation of Wall Street's biggest investment fraud, a U.S. judge said on Wednesday.
Nations:U.S. Activities:Madoff Fraud Case Source:(Reuters)
2009-10-28
Madoff associate had heart attack, drowned in pool
WEST PALM BEACH, Fla. - A man accused of making more than $7 billion off the investment schemes of jailed financial manager Bernard Madoff drowned after having a heart attack, authorities said Monday.
Nations:U.S. Activities:Madoff Fraud Case Source:(AP)
2009-10-26
U.S. cuts pay at bailed out firms, BofA hits back
WASHINGTON (Reuters) - The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
People:Barack Obama Activities:2008 U.S. Financial Rescue
2009-10-22
Administration plans big pay cuts at bailout firms
WASHINGTON - The Obama administration will order companies that received huge government bailouts last year to slash the base salaries of their top executives by an average of 90 percent and cut their total compensation in half, a person familiar with the decision said Wednesday.
Activities:2008 U.S. Financial Rescue Source:(AP)
2009-10-21
Billionaire among 6 nabbed in inside trading case
NEW YORK - One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that prosecutors say generated more than $25 million in illegal profits and should be a wake-up call for Wall Street.
Nations:U.S. India Switzerland Activities:2009 Galleon Insider Trading Source:(AP)
2009-10-16
U.S. charges billionaire Rajaratnam with record insider trading
NEW YORK (Reuters) - Billionaire hedge fund founder Raj Rajaratnam and five executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever.
Nations:Sri Lanka U.S. Activities:2009 Galleon Insider Trading Source:(Reuters)
2009-10-16
Bank of America loses $2.24B as loan losses rise
CHARLOTTE, N.C. - Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing more evidence that consumers are still struggling to pay their bills.
Activities:Merrill Lynch Sales
2009-10-16
Bank of America loses $2.24B as loan losses rise
CHARLOTTE, N.C. - Bank of America Corp. said Friday it lost more than $2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are still struggling to pay their bills.
Activities:Global Financial Crisis Source:(AP)
2009-10-16
Earnings-driven rally pushes Dow index above 10,000
NEW YORK (AFP) - A powerful rally lifted the Dow Jones Industrial Average to its first close above 10,000 in over a year Wednesday, amid growing optimism about a recovery in profits and the overall economy.
Nations:France Activities:U.S. Markets
2009-10-14
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