Premiums for new ‘high risk’ pool could be steep (AP)

AP - President Barack Obama’s new health coverage for uninsured people with health problems won’t be cheap — monthly premiums as high as $900, administration officials said Wednesday.

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Premiums for new ‘high risk’ pool could be steep
(AP)

Execs, regulators testify on derivatives’ role (AP)

AP - A former executive of bailed-out insurance company American International Group Inc. says if he had been allowed to keep his job, he could have saved taxpayers a bundle.

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Execs, regulators testify on derivatives’ role
(AP)

Toyota says 270,000 vehicles have faulty engines (AP)

AP - Toyota Motor Corp. said Thursday about 270,000 vehicles sold worldwide, including luxury Lexus sedans, have faulty engines, but the company did not say whether it would recall the automobiles.

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Toyota says 270,000 vehicles have faulty engines
(AP)

House OKs sweeping bank rules; Senate vote awaits (AP)

AP - Nearly two years after a Wall Street meltdown left the economy reeling, the House on Wednesday passed a massive overhaul of financial regulations that would extend the government’s reach from storefront thrifts to the executive suites of Manhattan.

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House OKs sweeping bank rules; Senate vote awaits
(AP)

Congress backs home tax credit extension (Reuters)

Reuters - The Congress on Wednesday approved a bill extending the closing deadline for homebuyers trying to take advantage of a popular tax credit.

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Congress backs home tax credit extension
(Reuters)

Congress approves home tax credit extension (AP)

AP - Congress has sent President Barack Obama a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

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Congress approves home tax credit extension
(AP)

Christopher & Banks 1Q profit tops Street (AP)

AP - Women’s clothing retailer Christopher & Banks Corp. said Wednesday that its net income nearly quadrupled in the latest quarter as revenue rose on stronger sales of full-priced items, sending its shares higher in after-hours trading.

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Christopher & Banks 1Q profit tops Street
(AP)

Senate panel will vet Fed nominees July 15 (Reuters)

Reuters - The Senate banking panel said on Wednesday it has scheduled hearings on the nominations of Janet Yellen to serve as Vice Chairman of the Federal Reserve and of two others to become members of the Fed Board of Governors.

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Senate panel will vet Fed nominees July 15
(Reuters)

Mo. Senate panel pares back incentive package (AP)

AP - A Senate committee pared back an incentive package Wednesday to focus solely on Missouri’s automotive industry, shedding other proposed tax breaks at the request of Gov. Jay Nixon’s administration.

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Mo. Senate panel pares back incentive package
(AP)

Governors lobby for aid as fiscal year dawns (Reuters)

Reuters - A bipartisan group of governors on Wednesday urged Congress to continue sending them emergency Medicaid funds through the first half of 2011, saying that for many the lack of funds could lead to thousands of layoffs and the end of the fragile economic recovery.

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Governors lobby for aid as fiscal year dawns
(Reuters)

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