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U.S. goverment gets money back from banks

The government received about $4 billion from eight of the biggest banks and another $35 million from the smaller banks, The New York Times reported, citing calculations prepared for the newspaper by University of Louisiana at Lafayette Professor Linus Wilson.

Bank failures tripled in a year

Most of the banks that failed this year are small, regional banks that fell victim to losses on real estate and consumer loans when unemployment surged to a 25-year high. However, many large institutions closed in 2009, a Federal Deposit Insurance Corporation spokesman said.

Lehman's British branch to sue parent

The London branch of Lehman is not joining an effort by 13 other creditors to band together and share information on their efforts to reclaim some of the $613 billion that Lehman owed when it fell last year in the biggest bankruptcy in U.S. history. Instead, it will file its own claims, likely to reach into the tens of billions of dollars, The Sunday Times of London reported.

GM tries to reconnect with Midwest dealers

Chief Executive Officer Fritz Henderson said the mission is to reconnect with GM dealers, after the automaker emerged from bankruptcy to find that consumers have remained lukewarm about some of its vehicle brands, The St. Louis Post-Dispatch reported Sunday.

Lehman's British branch to sue parent

The London branch of Lehman is not joining an effort by 13 other creditors to band together and share information on their efforts to reclaim some of the $613 billion that Lehman owed when it fell last year in the biggest bankruptcy in U.S. history. Instead, it will file its own claims, likely to reach into the tens of billions of dollars, The Sunday Times of London reported.

Mercury Marine puts limit on union vote

The Milwaukee Journal Sentinel said the Mercury official informed the International Association of Machinists and Aerospace Workers Lodge 1947 the company would not accept any ballots cast after midnight Saturday.

FDIC seizes Maryland bank

Bradford Bank of Towson had been unable to find a buyer, The Baltimore Sun reported. M&T Bank, now one of Maryland's largest lenders, agreed to purchase Bradford's assets from the FDIC.

Court eliminates 30 percent ownership rule

The U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of large cable companies such as Comcast Corp. and Time Warner Cable and against the Federal Communications Commission, The Wall Street Journal reported.

Murdoch slams BBC as threat to journalism

The BBC is dominant. Other organizations might rise and fall but the BBC's income is guaranteed and growing, Murdoch told the Edinburgh Television Festival.

Murdoch slams BBC as threat to journalism

The BBC is dominant. Other organizations might rise and fall but the BBC's income is guaranteed and growing, Murdoch told the Edinburgh Television Festival.

Ford to drop Ontario police car production

Ford told members of the Canadian Auto union it had no replacement planned for the Crown Victoria, the Detroit Free Press reported Friday.

FTC set to hang up on so-called robocalls

FTC Chairman Jon Leibowitz said in a news release Friday that starting next Tuesday, the use of so-called robocalls by telemarketers will be illegal unless the targeted consumer has given written permission for such sales efforts.

Tycoons in trouble: A report in China

Nineteen of China's 1,330 richest over the past 10 years are either in jail or awaiting sentencing, the Hurun Report said.

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