Red Light Revolt!

NEW YORK (CHICAGOPRESSRELEASE.COM) – Wall Street enters next week on the cusp of a breakout in U.S.

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.

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.

CHICAGO, July 23 /CHICAGOPRESSRELEASE.COM/ — Seven Summits Research issues critical PriceWatch Alerts for X, BA, ADBE, TMO, and VFC.

Transportation Secretary Ray LaHood said on Wednesday that despite all their public criticism, Republican lawmakers tell him in private that they think the administration’s stimulus package has been a success.

New Website Showcases Methods for Low-Cost, More Efficient Shipping CHICAGO, July 22 /CHICAGOPRESSRELEASE.COM/ — Innovative Transport Solutions , formerly CLS International USA, has added an additional and complementary direction to its business by developing two freight loading and unloading products that save shippers and receivers time and money and improves worker safety. The company continues to offer a full suite of international and domestic freight services, including trailer load (TL), less-than-trailer load (LTL), rail, ocean, trans-loading, cross-border, warehousing and related services

WASHINGTON — Goldman Sachs agreed Thursday to pay $550 million — the largest penalty ever imposed on an investment bank — to settle civil fraud charges over its “incomplete” disclosures to investors who lost $1 billion in an exotic offshore mortgage securities deal. Goldman said it was told that the settlement resolves all Securities and Exchange Commission inquiries into its conduct. The investment bank was the only major Wall Street firm to safely exit the market for risky residential mortgage securities, and Goldman has been a magnet for scrutiny because it profited by secretly betting on a housing downturn before the subprime mortgage meltdown in late 2007

WASHINGTON — Goldman Sachs agreed Thursday to pay $550 million — the largest penalty ever imposed on an investment bank — to settle civil fraud charges over its “incomplete” disclosures to investors who lost $1 billion in an exotic offshore mortgage securities deal.

JP Morgan said second-quarter net income was up to $4.8bn from $2.7bn. Photograph: Chris Hondros/Getty Images Wall Street banking group JP Morgan Chase has put aside $5.8bn (£3.8bn) in the first six months of the year to pay its investment bankers around the world. Even though revenue in the investment banking arm is down 7% on last year, the bonus pool is only 3% lower and excludes a $550m charged incurred in the second quarter to pay Alistair Darling’s bonus tax .

NEW YORK – Affluent Americans went back to tightening their belts in June after months of showing other shoppers how to spend, raising concerns for the overall economy. Data released late Wednesday by MasterCard Advisors’ SpendingPulse shows luxury spending dropped in June for the first time since November.