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Editorial Results (free)

1. Largest US Insurer's Move Signals Industry Shift -

The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities.

2. Proposal Would Stop Door-to-Door Mail for Millions -

WASHINGTON (AP) – Millions of Americans would no longer get mail delivered to their door but would go to communal or curbside boxes instead, under a proposed law.

The House Committee on Oversight and Government Reform debated Wednesday a bill to direct the U.S. Postal Service to convert 1.5 million addresses annually – 15 million over the next decade – to the less costly, but also less convenient delivery method.

3. Post Office Suspends Retirement Contributions -

WASHINGTON (AP) – The financially troubled Postal Service is suspending its contributions to its employees' pension fund.

The agency said Wednesday it is acting to conserve cash as it continues to lose money. The post office was $8 billion in the red last year because of the combined effects of the recession and the switch of much mail business to the Internet. It faces the possibility of running short of money by the end of this fiscal year in September.

4. Companies Hire at Slow Pace for 3rd Straight Month -

WASHINGTON (AP) – Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly the rest of the year. The unemployment rate was unchanged at 9.5 percent.

5. Goldman Sachs Paid $20K to Ford -

Goldman Sachs paid the lobbying firm of former Memphis Congressman Harold Ford Sr. $20,000 at the end of 2009. Congressional records from the fourth quarter show The Harold Ford Group was paid to promote the interests of the powerful Wall Street investment bank on issues including the pending financial reform bill.

6. Congress: Connections With Toyota -

Several lawmakers on the House Oversight and Government Reform Committee, which is holding a hearing Wednesday on the Toyota recalls, have Toyota factories and offices in their states or even their districts. A look at some of the automaker's ties:

7. Geithner Draws Fire Defending Fed on AIG Bailout -

WASHINGTON (AP) - Democrats and Republicans alike pummeled U.S. Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while unemployment stands at 10 percent.

8. New Frame Shop Opens in Midtown -

Danny Bubnick, who worked as the manager of the BA Framer shop in Midtown that recently closed, has opened Danny’s Midtown Framer & Art at 1523 Union Ave.

9. BofA to Face SEC Trial, Exits Loss-Sharing Deal -

WASHINGTON (AP) - Bank of America Corp. now faces a trial with the U.S. Securities and Exchange Commission over billions in bonuses paid at Merrill Lynch, after a judge threw out the bank's $33 million settlement and rebuked the agency for not pursuing charges against executives.

10. Six Independent AIG Directors to Stand for Election -

CHARLOTTE, N.C. - Embattled insurer American International Group Inc. said Tuesday it will reconfigure its board to include six new independent directors.

11. BofA Delays Release of Votes on CEO Lewis -

CHARLOTTE, North Carolina (AP) - Ken Lewis is keeping his seat on the Bank of America Corp. board, but his job title is less certain.

12. Postal Chief Says Post Office Running Out of Money -

WASHINGTON (AP) - The post office will run out of money this year unless it gets help, Postmaster General John Potter told Congress on Wednesday as he sought permission to cut delivery to five days a week.

13. All About the Bonuses: AIG Head Says Some Returned -

WASHINGTON (AP) - Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million.

14. AIG Bonuses Won't Stand, Dem Senators Declare -

WASHINGTON (AP) - Talking tougher by the hour, livid Democrats confronted beleaguered insurance giant AIG with an ultimatum Tuesday: Give back $165 million in post-bailout bonuses or watch Congress tax it away with emergency legislation.

15. BofA's CEO Lewis Subpoenaed by Cuomo -

CHARLOTTE, N.C. (AP) - Bank of America Corp. Chief Executive Ken Lewis has received a subpoena from the New York state attorney general's office in connection with Merrill Lynch's payment of employee bonuses before the companies combined on Jan. 1.

16. States Face Competing Priorities For Stimulus Cash -

NEW YORK (AP) – It may sound like a nice problem for states – figuring out how to spend the billions in infrastructure funding they’ll receive as part of President Barack Obama’s economic stimulus plan.

17. Citi Shares Fall Despite Talks with Morgan Stanley -

NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.

18. Merrill, BofA Shareholders Approve Combination -

CHARLOTTE, N.C. (AP) - Shareholders of Merrill Lynch & Co. and Bank of America Corp. on Friday approved the investment bank's sale to Bank of America, in a move that will create the nation's largest financial-services firm.

19. Citigroup to Shed Another 53,000 Jobs -

NEW YORK (AP) - Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.

20. Bank of America Agrees to Buy Merrill for $50B -

NEW YORK (AP) – Bank of America on Monday began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal that would create a bank that offers everything from fixed-income trading to credit card lending.

21. World Markets Tumble on Lehman News -

PARIS (AP) - World stock markets turned sharply lower Monday after a double-fisted blow from Wall Street - news that Lehman Brothers had filed for bankruptcy and Merrill Lynch would be sold to Bank of America.

22. Fannie Mae Shakes Up Management Team -

WASHINGTON (AP) - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for the third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.

23. Archived Article: Pg. 2 (ccrfc) - CCRFC grants two tax freezes

CCRFC grants two tax freezes

By SUE PEASE

The Daily News

The Center City Revenue Finance Corp. granted tax abatements Tuesday to two developers who plan to invest more than $14 million in Downtown projects. <...