- Sarah Palin responds to Martin Bashir’s resignation, praises media
- Obama to send 2 Gitmo terror suspects back to Algeria
- Paul Walker secretly bought $9K wedding ring for Iraq vet
- Mystery sign poster hits Washington state town: ‘It’s OK to say Merry Christmas’
- Pope Francis forms commission to advise on sex abuse
- Anthony Weiner on radio? Cumulus says, ‘Never, ever’
- Executive order: Obama ups green-energy mandate on feds to 20 percent
- GOP launches candidate training: How to talk to women
- N.Y.’s Rockefeller Center lights up, as Bloomberg flicks on 76-foot Christmas tree
- Northern Ireland turns to ‘Game of Thrones’ to draw in tourists
Economy Briefs: Consumer watchdog to oversee debt collectors
Expanding its reach, the government’s consumer finance watchdog agency will monitor the day-to-day operations of big debt-collection companies, the agency said Wednesday.
It is the first time that debt collectors have been subject to federal scrutiny of their routine business practices.
The move lengthens the list of industries that face oversight by the Consumer Financial Protection Bureau.
Dow Chemical to slash 2,400 jobs, close 20 plants
MIDLAND, Mich. — The Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan aimed at coping with slowing economic growth in Europe and elsewhere.
DuPont to cut 1,500 jobs after profit slide
DOVER, Del. |The DuPont Co. said Tuesday that it will cut about 1,500 jobs and take other steps to increase its competitiveness, after weak demand for a key industrial pigment and uncertainty in the solar panel market led to a sharp drop in third-quarter earnings.
Obama: Accountability lacking on Wall Street
President Obama, who once called bank executives “fat cats” and their pay “obscene,” says Wall Street needs to change pay incentives that reward risky bets.
In an interview with Rolling Stone magazine, Mr. Obama says that despite congressional passage of a financial regulation overhaul in 2010, there still are not enough adequate means of holding risk takers in the industry accountable.
“You still have a situation where people making bets can get a huge upside, and their downsides are limited,” Mr. Obama says in the edition that reaches newsstands and subscribers Friday.
- CURL: 'Mission Accomplished' for Obamacare
- Hack attack: 2 million Facebook, Twitter passwords stolen
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- Democratic infighting erupts over 'we can have it all' fantasy on entitlements
- 'Hunger Games' delivers Obama's message on income inequality
- American teacher shot and killed at Benghazi international school
- Obama returns to class warfare as poll numbers plunge
- HARPER: 'Knockout game' not a myth to liberal Sharpton
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Pentagon may give recruits 'a shot to start over' after shameful social media posts
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