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Obama to propose almost doubling child care tax credit

President Obama will propose nearly doubling the child care tax credit for middle-class families Monday, according to a White House statement. Read more from the original source: Obama to propose almost doubling child care tax credit

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Independent Group to Look at Ways to Reduce Debt

The group could provide pressure and political cover for the parallel effort by Democratic leaders to consider both spending cuts and tax increases. See the original post: Independent Group to Look at Ways to Reduce Debt

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How I Made It: Philip Sherringham

While other banks are failing, New England regional bank People’s United Financial is looking to expand to potential growth markets such as California, where CEO Sherringham already has a home. The gig: Chief executive of 300-branch People’s United Financial Inc. Read the original post: How I Made It: Philip …

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Recording Claims Responsibility For Christmas Attack

A new audio recording purportedly from al-Qaida head Osama Bin Laden takes credit for the attempted airliner attack on Christmas day. The recording was aired by the Al-Jazeera Arabic news channel. E-Mail This Add to Del.icio.us Go here to see the original: Recording Claims Responsibility For Christmas …

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Premier American Bank in Miami fails

Regulators shuttered Premier American Bank in Miami Friday night, making it the fifth bank to fail in 2010. Go here to see the original: Premier American Bank in Miami fails

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Europe welcomes Obama bank plan, won’t imitate it

LONDON/PARIS (Reuters) – Major European economies offered support on Friday for U.S. President Barack Obama’s plan to limit banks’ size and trading activities but indicated they had no plans to follow suit Read the original here: Europe welcomes Obama bank plan, won’t imitate it

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Air America to close, files for bankruptcy

NEW YORK (Reuters) – Air America, a politically liberal talk-radio network, said on Thursday it would cease operations and file for Chapter 7 bankruptcy protection to begin an orderly wind down of its business. Read more from the original source: Air America to close, files for bankruptcy

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Futures point to higher Wall Street open (Reuters)

Reuters – Stock index futures indicated that Wall Street may open higher on Friday, regaining a little of the ground lost in the previous session, when they fell heavily after President Barack Obama outlined plans for tougher banking regulations. See the original post: Futures point to higher Wall Street …

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American Express, Capital One earnings beat forecasts (Reuters)

Reuters – American Express Co and Capital One Financial Corp both reported better than forecast fourth quarter earnings, but expressed concern about the growth outlook for credit cards. Go here to see the original: American Express, Capital One earnings beat forecasts (Reuters)

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Air America radio to file for bankruptcy

Liberal talk radio network Air America is planning to file for Chapter 7 bankruptcy, the company said Thursday. Read the original post: Air America radio to file for bankruptcy

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