en-us Reuters) - Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.The soft-spoken Fed chief, who is widely expected to...]]> Thu, 03 Dec 2009 18:00:23 -0800 Reuters) - Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.The soft-spoken Fed chief, who is widely expected to...]]> Thu, 03 Dec 2009 14:15:20 -0800 Reuters UK) - Federal Reserve Chairman Ben Bernanke on Thursday will push back at efforts to curb the Fed's power as he goes before lawmakers considering his nomination to a second term at the central bank's helm.President Barack Obama nominated the former Princeton University economics professor to...]]> Wed, 02 Dec 2009 22:45:29 -0800 Wed, 02 Dec 2009 15:19:59 -0800 Tue, 01 Dec 2009 15:50:36 -0800 Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.Before Congress' Joint Economic Committee, Geithner faced fierce criticism of his role in...]]> Thu, 19 Nov 2009 17:00:17 -0800 AIG AIG Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.Before Congress' Joint Economic Committee, Geithner faced fierce criticism of his role in...]]> Thu, 19 Nov 2009 15:15:17 -0800 AIG AIG Reuters) - U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. Before Congress' Joint Economic Committee Geithner faced fierce criticism of his role...]]> Thu, 19 Nov 2009 10:34:00 -0800 AIG AIG Tue, 17 Nov 2009 17:17:18 -0800 Reuters) - A congressional panel accused Bank of America Corp BAC on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems until the following...]]> Tue, 17 Nov 2009 13:15:18 -0800 BAC FNM MER BAC,FNM,MER Reuters) - Former Bank of America Corp BAC general counsel Timothy Mayopoulos was "stunned" to be fired as the bank was trying to wrap up its purchase of Merrill Lynch & Co, after being promised the same job at the combined company.According to congressional...]]> Mon, 16 Nov 2009 16:31:18 -0800 BAC FNM MER BAC,FNM,MER Sun, 15 Nov 2009 18:00:00 -0800 Reuters)- Drug makers, Internet companies and nonprofits packed a hearing into what is a gray area for U.S. health regulators: how far Twitter, Wikipedia, blogs and other social media can go in promoting drugs. The two-day public hearing, convened Thursday by the Food and Drug Administration,...]]> Thu, 12 Nov 2009 11:21:53 -0800 Sun, 08 Nov 2009 02:36:20 -0800 Fri, 30 Oct 2009 03:20:54 -0700 Sun, 25 Oct 2009 02:46:28 -0700 Thu, 22 Oct 2009 11:54:22 -0700 Sun, 18 Oct 2009 03:50:57 -0700 Reuters) - Congress will soon probe executive compensation at companies such as American International Group Inc AIG and Bank of America BAC Corp receiving significant taxpayer funds, the chairman of the House Oversight and Government Reform panel said on Wednesday. Treasury's pay czar, Kenneth Feinberg, will testify in two...]]> Wed, 14 Oct 2009 13:27:27 -0700 AIG AIG Fri, 09 Oct 2009 17:29:41 -0700