Wednesday, as the Senate rejected an amendment to the financial reform package that would have tightened regulation on payday loan company, consumer credit sources pulled off a narrow escape. What was rejected was the legislation that sought to exert federal restrictions on an industry regulated at the state level. Provisions in the payday loans no ...

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Tuesday, the Securities and Exchange commission proposed new circuit breakers for the stock market to keep away from an additional Flash Crash. The new trading curbs would be applied at first as a trial run to all stocks on the Standard and Poor's Index. The SEC said the new stock market circuit breakers will pause ...

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On May 18, 1980, Mt St Helens erupted in Washington State. The eruption caused billions of dollars in damage, and 57 individuals were killed. It wasn't the worst eruption ever, but it still was surprising. More than a couple of went into cleaning up, and Mt St Helens has been watched closely since. The Mt ...

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On May 13, Michael Bueke was executed by lethal injection 20 years after his conviction and sentencing. His appeal to the Ohio Supreme Court had been denied, also as his request for Governor Ted Strickland to grant him clemency. He was pronounced dead at the Southern Ohio Correctional Facility minutes before 11 a.m. He had ...

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BP could have to pay for the 2010 oil spill in the Gulf of Mexico as the response is increasing with no immediate end in sight. In the meantime, the price of crude futures is rising as fast as BP’s stock is falling. While traders pin their hopes on the possibility that the oil slick ...

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