Red Light Revolt!

Another Lake County town is moving toward having red-light cameras installed on a popular highway to the Chain O’ Lakes and Wisconsin.

In Print: Sunday, August 15, 2010 The city of Brooksville decided it didn’t want to be the city of Waldo. A City Council majority, suspicious a red-light camera program provided out-of-focus safety data, voted last week to kill the effort, two years after it had begun

WASHINGTON (CHICAGOPRESSRELEASE.COM) – Morgan Stanley (MS.N), Citigroup (C.N) and JPMorgan Chase (JPM.N) were among banks that sold Goldman Sachs (GS.N) protection against the risk of a collapse of giant insurer American International Group (AIG.N), a source familiar with the matter said on Friday. Goldman Sachs has turned over a list of the counterparties, which also includes Deutsche Bank (DBKGn.DE) and Credit Suisse (CSGN.VX), to the Financial Crisis Inquiry Commission (FCIC) following a recent hearing exploring the links between Goldman and AIG, the source said. The source spoke anonymously because the list has not been made public.

BOSTON (CHICAGOPRESSRELEASE.COM) – General Electric Co (GE.N) moved to raise its dividend by 20 percent on Friday, in a sign that the largest U.S. conglomerate has put the worst of the financial crisis behind it. The move came sooner than many investors had expected and sent GE shares up 3.2 percent in afternoon trading.

BOSTON (CHICAGOPRESSRELEASE.COM) – General Electric Co (GE.N) moved to raise its dividend by 20 percent on Friday, in a sign that the largest U.S.

WASHINGTON (CHICAGOPRESSRELEASE.COM) – Pay czar Kenneth Feinberg said on Friday that 17 banks overpaid executives in late 2008 and early 2009 by about $1.6 billion during the financial crisis when taxpayers’ money was being used to support them. He proposed that financial firms adopt policies that would let them “restructure, reduce or cancel” bonus and other special payments to executives in future crises but said he had no authority to force banks to give back past overpayments. Feinberg, the Obama administration’s special master for compensation, investigated pay practices at 419 banks that got government bailout money during the financial crisis but before pay restrictions came into force in early 2009.

(CHICAGOPRESSRELEASE.COM) – Goldman Sachs Group Inc (GS.N) told U.S. investigators which counterparties it used to hedge the risk that American International Group Inc (AIG.N) would fail, Bloomberg said, citing three people with knowledge of the matter. The list was sought by the Congressional Oversight Panel and the Financial Crisis Inquiry Commission, who are reviewing the beneficiaries of New York-based AIG’s $182.3 billion government bailout, the report said.

PARIS (CHICAGOPRESSRELEASE.COM) — Europe’s Airbus (EAD.PA) pronounced the recession over on Thursday after wrapping up the busier-than-expected Farnborough Airshow with a $3 billion-plus order for dozens of jets from Virgin boss Richard Branson. The British entrepreneur announced the Virgin America order for 40 Airbus A320 single-aisle jets, plus options for 20 more, by live video link beamed from his island in the Caribbean. “I am happy to celebrate my 60th birthday this week and I can’t think of a better present than getting 60 new planes,” Branson told a news conference

PEORIA, Ill., July 22 /CHICAGOPRESSRELEASE.COM/ — Cat Financial reported second-quarter revenues of $648 million, a decrease of $52 million, or 7 percent, compared with the second quarter of 2009.  Second-quarter profit after tax was $82 million, a $7 million decrease from the second quarter of 2009. The decrease in revenues was principally due to a $72 million impact from lower earning assets (finance receivables and operating leases at constant interest rates), partially offset by a $17 million favorable impact from returned or repossessed equipment and the absence of a $9 million write-down on retained interests related to the securitized asset portfolio that occurred in the second quarter of 2009.

PEORIA, Ill., July 22 /CHICAGOPRESSRELEASE.COM/ — Cat Financial reported second-quarter revenues of $648 million, a decrease of $52 million, or 7 percent, compared with the second quarter of 2009.  Second-quarter profit after tax was $82 million, a $7 million decrease from the second quarter of 2009