Archive for October, 2009

Jurors: Birmingham, Ala., mayor took bribes (AP via Yahoo! News)

Written by Admin on Friday, October 30th, 2009 in Uncategorized.

Birmingham Mayor Larry Langford’s series of rapid-fire ideas to enliven Alabama’s largest city including a bid to bring in the Olympics earned him the nickname of “Mayor LaLa” from his critics.

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Credit Creaks into Gear (BusinessWeek)

Written by Admin on Friday, October 30th, 2009 in Uncategorized.

With a big boost from the feds, investors again like securities backed by assets like car loans—but it’ll take years for lending to flow freely

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Strong rise in mortgage approvals (BBC News)

Written by Admin on Thursday, October 29th, 2009 in Uncategorized.

The number of mortgages approved for house purchase, but not yet lent, rose another 3,000 in September to 56,000.

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Semperian cuts local jobs, closes some centers (The Wichita Eagle)

Written by Admin on Thursday, October 29th, 2009 in Uncategorized.

The Semperian call center, 9111 E. Douglas, is cutting staff as corporate parent GMAC retrenches.

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Jon Frandell, vice president and associate resident director of Merrill Lynch in Fallbrook, continually places the financial needs of his clients first. At Merrill Lynch, clients are guided in areas of advice and planning, retirement, estate planning, investments, insurance, wealth transfer, solutions for business, credit and lending, banking and tracking the progression. With Total Merrill, we …

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ICBC, Bank of China Profits Beat Estimates on Lending (Update1) (Bloomberg)

Written by Admin on Thursday, October 29th, 2009 in Uncategorized.

Oct. 30 (Bloomberg) — Industrial & Commercial Bank of China Ltd. and Bank of China Ltd . reported third-quarter profit that exceeded analysts’ estimates, buoyed by a loan surge and lower provisions for potential losses on loans and investments.

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South African Credit Growth Slows to 1.5% as Spending Drops (Bloomberg)

Written by Admin on Thursday, October 29th, 2009 in Uncategorized.

Oct. 29 (Bloomberg) — South African credit growth slowed to an annual 1.5 percent in September as consumers cut back on spending and banks curbed loans.

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Espionage case puzzles friends (Washington Post)

Written by Admin on Thursday, October 29th, 2009 in Uncategorized.

Hubris and expensive tastes might explain why NASA scientist is now in such serious trouble.

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Birmingham, Ala., mayor convicted of taking bribes (Newsday)

Written by Admin on Thursday, October 29th, 2009 in Uncategorized.

Birmingham, Ala., mayor convicted of taking bribes for $7M in bond work, removed from office

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Birmingham mayor convicted of taking bribes (The Daily Reflector)

Written by Admin on Wednesday, October 28th, 2009 in Uncategorized.

TUSCALOOSA, Ala. — A federal jury convicted Birmingham Mayor Larry Langford on Wednesday on all charges of acceptingbribes in exchange for funneling $7.1 million in bond business to a prominent investment banker.

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