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Wed, 12/08/2010 - 15:59 by Anter Prakash Singh
The next version of Microsoft’s web browser, Internet Explorer 9 (IE 9), will allow users to decide for themselves which sites should not track them while browsing on the net. IE 9 is expected to be launched early next year, and this feature called ‘Tracking Protection’ will be a part of it.
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Sat, 11/20/2010 - 22:34 by Prince damin
Washington -- U.S. bank failures totaled 149 for 2010 by the end of the week, federal bank regulators said.
With failures of the First Banking Center in Wisconsin, the Gulf State Community Bank in Florida and the Allegiance Bank of North America in Pennsylvania, the Federal Deposit Insurance Corp. said bank failures for the year were now nine ahead of the total number of failures posted in 2009, The Wall Street Journal reported Saturday.
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Sat, 10/09/2010 - 01:05 by Prince damin
Washington -- California nice automaker Tesla Motors Inc. announced it was recalling 439 Roadsters due to a fire hazard, regulators in Washington said.California
The National Highway Traffic Safety Administration said Tesla would recall 2010 model Roadster 2 and 2.5 vehicles with 12V auxiliary cables that may be improperly routed.
The cables, if routed incorrectly, could rub against a wheel cover, which would wear through the insulation and expose bare wire, leading to a short circuit or electrical arching.
The problem involves wiring in the area of the right headlamp, the NHTSA said.
Tesla said it would inspect the cars and install a protective plastic sleeve over wires that were incorrectly routed.
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Sat, 08/21/2010 - 22:33 by Prince damin
Washington -- Comcast Corp.'s bid to acquire control of NBC Universal is in the hands of U.S. regulators now that the public comment period for the deal has ended.
Consumer advocates urged the Federal Communications Commission to reject the deal while Comcast defended it, saying it posed no competition concerns and was in the public interest, The Wall Street Journal reported.
The company's rivals, meanwhile, proposed conditions on the deal, which would give Philadelphia-based Comcast 51 percent of NBC Universal's television and movie business for about $13.75 billion in cash and assets from General Electric Co.
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Sun, 07/11/2010 - 00:50 by Pankaj Damin
Baltimore -- Regulators say they closed down four banks in three states Friday, bringing the total number of failed banks taken over in the United States this year to 90.
The small banks, which totaled $560.7 million in deposits and $664.5 million in assets, included two in Maryland and one each in New York and Oklahoma.
In Maryland, the two branches of Bay National Bank were sold to Bay Bank. A buyer was not found for Ideal Federal Savings Bank, which had $5.8 million in deposits. The Wall Street Journal said the Federal Deposit Insurance Corporation approved a $2.1 million insurance payout.
USA Bank in Port Chester, N.Y., was taken over by New Century Bank of Pennsylvania at a cost to the FDIC fund of about $17.4 million.
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Tue, 05/04/2010 - 10:08 by Pankaj Damin
Auburn Hills, Mich. -- U.S. safety regulators are investigating a loss-of-speed-control problem in Dodge Caliber compact cars, Chrysler Group said Monday.
Chrysler said the National Highway Traffic Safety Administration investigation is focusing on 2007 model year cars produced in March and April 2006.
CNNMoney.com said 10,000 vehicles could be affected by the problem, which involves the brake override system.
The system is supposed to cut engine power when the brakes are applied. The NHTSA has received five complaints, including four in which parts of the system were found on the floor of the vehicle.
If some parts become detached, the gas pedal can shift into a different position, which can cause the pedals to become stuck.
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Wed, 04/21/2010 - 07:48 by harsheeb
Washington -- Regulators, bankers and the U.S. financial system received shares of blame in Washington as a Congressional panel reviewed the collapse of Lehman Brothers.
In an opening statement at a House Financial Services hearing, Rep. Paul Kanjorski, D-Pa., said the investment bank's collapse was "another massive corporate failure," that "reveals that Wall Street executives continued to embellish the truth, tell half-truths and hide behind their power in the marketplace."
Kanjorski also said the autopsy of Lehman Brothers compiled by Anton Valukas showed regulators "failed to uncover wrongdoing, mismanagement, and capital shortfalls even as they fiddled in Lehman's offices."
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Sat, 11/07/2009 - 16:30 by Jaspreet Virk
New York, November 7 -- In yet another case of bank failure, United Commercial Bank was closed Friday, bringing the total to 120 this year.
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Sun, 09/20/2009 - 20:20 by Jaspreet Kaur
Columbus, September 20 -- More financial trouble seems to be in sight as the Federal Deposit Insurance Corp. (FDIC) reported that regulators have shut down two subsidiaries of Irwin Financial Corporation in Kentucky and Indiana on Friday. That brings this year’s bank failure count to 94.
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Sat, 02/28/2009 - 12:54 by Harleen Kaur
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