Newsroom

Entries for August 2009

News Briefs
August 28, 2009
A 96-year-old retired judge in Houston celebrated his birthday in the same place where he spent many of his working days. In court. About 50 family and friends gathered Wednesday to salute Retired State District Judge William Hatten. Hatten, who c...
Stanford CEO pleads guilty
August 28, 2009
From PRNewswire Daily Court Review James M. Davis, 60, the former chief financial officer of Houston-based Stanford Financial Group (SFG), pleaded guilty to fraud and obstruction charges related to a $7 billion scheme to defraud investors, Lanny A....
Mortgage rates increase slightly, still very low
August 28, 2009
by Alan Zibel The Associated Press Rates for 30-year home loans edged up this week, but remain close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.14 percent, up from 5.12 percent a week earlier, mortg...
Airlines may have bumpy ride
August 27, 2009
by David Koenig The Associated Press Airlines cut fares to get more passengers on planes and salvage the summer travel season, but now their job gets harder heading into the slower fall and winter months. The nine largest U.S. carriers lost nearly...
U.S. thrifts earn $4M in 2Q on 'problem' list
August 27, 2009
by Marcy Gordon The Associated Press U.S. thrifts eked out a $4 million profit in the second quarter, but the number of troubled institutions continued to rise, the government said Wednesday. The Office of Thrift Supervision said the small profit ...