Archive for August 14th, 2009

Controller’s role in NY air collision studied (Reuters)

Written by on Friday, August 14th, 2009 in 299601.

Reuters – Scrutiny of an air traffic controller’s actions, including whether a phone call may have distracted him, intensified on Friday as investigators released new details about the deadly collision of a small plane and a tourist helicopter over New York’s Hudson River last week.

Original post by Reuters and software by Elliott Back

For-profit colleges boost lending and enrollment (AP)

Written by on Friday, August 14th, 2009 in 299597.

Pedestrians pass by a Westwood College building in Torrance, Calif., Friday, Aug. 14, 2009. Westwood, a Colorado-based, private for-profit school, is facing a class-action lawsuit claiming consumer fraud and that Westwood's internal lending program, which charges 18 percent interest, violates state banking laws. (AP Photo/Nick Ut)AP – Some of the nation’s largest for-profit colleges and vocational schools are boosting enrollment in tough times by making more loans directly to cash-strapped students, knowing full well many of them probably won’t be able to repay what they borrowed.

Original post by AP and software by Elliott Back

Colonial BancGroup, 4 other banks shut (AP)

Written by on Friday, August 14th, 2009 in 386108.

A woman walks past a BB&T branch in the Adams-Morgan neighborhood August 14, 2009 in Washington, D.C. BB&T announced today that it is buying the assests of Colonial BancGroup, an Alabama-based lender, after it is seized by federal banking regulators. (Chip Somodevilla/Getty Images)AP – Regulators on Friday shut down Colonial BancGroup Inc., a lender in real estate development, in the largest U.S. bank failure this year, and also closed four banks in Arizona, Nevada and Pennsylvania.

Original post by AP and software by Elliott Back



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