Just days after congressional negotiators agreed to a far-reaching financial reform package, the death of Sen.
US Supreme Court Invalidates Part Of Accounting Board – Wall Street Journal
June 28th, 2010(Updates with comment from former Sen. Paul Sarbanes and former Rep. Michael Oxley.) WASHINGTON (Dow Jones)–A divided U.S
Apple Sells 1.7 Million iPhone 4s in Opening Weekend – Wired News
June 28th, 2010Apple has sold an almost ridiculous 1.7 million iPhone 4 handsets in its opening weekend, running Thursday through Saturday. This breaks every prediction we saw last week, and almost triples the 600,000 pre-orders reported by Apple just a week before the new iPhone went on sale
Investors giddy for Tesla Motors IPO – CNNMoney
June 28th, 2010Tesla has sold just more than 1,000 Roadsters, but the new Model S sedan (below) has investors excited about the company’s future prospects. By David Goldman , staff writer June 28, 2010: 3:18 PM ET NEW YORK (CNNMoney.com) — Tesla Motors will offer up its shares to the public for the first time on Tuesday, testing investors’ faith in a company that has proven it can make functional and stunning electric cars but has never had a profitable quarter.
Justices Uphold Sarbanes-Oxley Act – New York Times
June 28th, 2010The court turned aside a broad challenge to one part of the law, which established the Public Company Accounting Oversight Board to regulate the accounting industry. Some commentators had forecast that the court might throw out the entire law because of problems with the way the accounting board is appointed, but the justices refused to do so. Instead, in a 5-to-4 split, the court found that the way members of the oversight board could be removed was unconstitutional.
US Economy: Rising Incomes Lead to Gains in Spending, Savings – BusinessWeek
June 28th, 2010June 28, 2010, 11:26 AM EDT June 28 (Bloomberg) — Incomes grew faster than spending in May, making it possible for American households to simultaneously increase savings and support the economic recovery. Gains in payrolls, longer workweeks and rising pay give Americans more confidence and the means to maintain spending in coming months. The Federal Reserve’s decision last week to keep interest rates unchanged may help households weather the fallout from the European debt crisis, unemployment hovering near a 26- year high and tight credit
Apple: iPhone 4 Sold 1.7 Million, Could’ve Sold More – PC World
June 28th, 2010With 1.7 million iPhone 4s sold within three days of launch, the only thing Apple’s sorry for is that it couldn’t meet demand.
Consumer Spending in US Climbs More Than Forecast – BusinessWeek
June 28th, 2010June 28, 2010, 8:53 AM EDT (Updates with economist comments in fourth and ninth paragraphs.) By Bob Willis June 28 (Bloomberg) — Consumer spending in the U.S.
Said his greatest mistake was joining the Ku Klux Klan in the 1940s – CNN
June 28th, 2010Washington (CNN) — West Virginia Sen. Robert Byrd, the self-educated son of a coal miner who became the longest-serving member of Congress, died early Monday at age 92, the senator’s office said. Byrd, a nine-term Democrat, was known as a master of the chamber’s often-arcane rules and as the self-proclaimed “champion of the Constitution,” a jealous guardian of congressional power
MA Industries shares rise on $1 billion acquisition – Reuters
June 28th, 2010TEL AVIV (Reuters) – Shares in MA Industries ( MAIN.TA ) rose 2.5 percent on Monday, a day after the Israeli company said it would buy U.S. herbicide maker Albaugh Inc for $1 billion to boost its presence in the Americas. Deals | Hot Stocks | Inflows Outflows MA said after the Tel Aviv market closed on Sunday it had signed a letter of intent to make its biggest acquisition ever, a move that would solidify its position as the world’s No
