Archive for January 21st, 2010
WASHINGTON (AP) — Federal regulators received a verbal lashing Thursday from House lawmakers over the shutdown of a Chicago bank strongly tied to the local community and the government’s handling of bank closings. Picking over the carcass of Park National Bank – a relatively healthy institution closed by regulators last October – were a House Financial Services subcommittee, bank executives and federal agency officials. Park National and tiny Citizens National Bank, based in Teague, Texas, were in comparatively good financial shape but were shuttered along with seven severely troubled banks under the same corporate umbrella, a bank holding company called FBOP Corp
NEW ORLEANS (AP) — Brett Favre, Peyton Manning, Drew Brees – and Mark Sanchez? Yep, the rookie from Southern Cal is keeping some heady company. He’s gotten a whole lot further than some of the best quarterbacks in NFL history did in their first seasons, too
NEW YORK (AP) — Burlington Northern Santa Fe Corp., the nation’s second-largest railroad operator, said Thursday it expects the economy to continue to gradually improve this year as it reported a smaller-than-expected drop in fourth-quarter earnings. The comments Thursday echoed other railroad reports earlier in the week. Railroads are seen as important indicators of the country’s economic health because they ship so many consumer and industrial goods used everyday.
NEW PORT RICHEY, Fla. (AP) — A 49-year-old woman has been jailed in Pasco County, accused of stealing a car on her first day out of prison. Theresa Jones faces charges of grand theft of a motor vehicle, cocaine possession and two counts of possession of drug paraphernalia.
WASHINGTON (AP) — A Michigan defense contractor will voluntarily stop stamping references to Bible verses on combat rifle sights made for the U.S. military, a major buyer of the company’s gear. In a statement released Thursday, Trijicon of Wixom, Mich., says it is also providing to the armed forces free of charge modification kits to remove the Scripture citations from the telescoping sights already in use