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TODAYS TOP STORIES
FINRA fines 5 banks $4.5 million over fees
WASHINGTON (AP) -- The Financial Industry Regulatory Authority says five of the country's largest banks will pay $4.5 million to settle claims they used municipal and state bond funds to pay lobbyists.
The regulatory agency said Thursday that between 2006 and 2010 Citigroup, Goldman Sachs, JP Morgan, Merrill Lynch and Morgan Stanley made payments to California business lobbying group Cal PSA and requested that those payments be reimbursed as underwriting expenses from the proceeds of municipal and state bond offerings. FINRA also says the firms did not adequately disclose this nature of the fees to issuers. In doing so, they violated fair dealing and supervisory rules.
The firms neither admitted nor denied the charges as part of the settlement.
FINRA is a regulator for securities firms doing business in the U.S.
Posted: Saturday, December 29 2012, 10:20 AM CST
IN OKLAHOMA NEWS
Tornado watch issued for western, central Oklahoma
May 18, 2013 22:57 GMT
OKLAHOMA CITY (AP) -- A tornado watch is in effect for western and central Oklahoma.
The weather system brought severe thunderstorms to the Altus and Clinton areas, as well as Harper County late Saturday afternoon. There were no reports of rotation as evening approached but the tornado watch lasts until 11 p.m. Saturday.
The dangerous weather is forecast to continue into Sunday night as the system progresses to the east.
The tornado watch area Saturday stretched from eastern edge of the Panhandle to include the Oklahoma City area.
Forecasters warn that the system could also bring large hail.
The National Weather Service in Norman reports tennis ball-size hail along U.S. 62 near the border of Harmon and Jackson counties in the state's far southwest.
OKLAHOMA HEADLINES
Tornado watch issued for western, central Oklahoma
Forecasters: Potential tornado threat for Oklahoma
Time waning for Okla. lawmakers to tackle credits
Okla. man to be tried on charge from 1997 death
Man arrested after Enid infant shows injuries
Okla. AG sought delay in regional haze hearing
OU student accused of illegal grade changes
Okla. court upholds life sentence in uncle's death
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OKLAHOMA WEATHER
77°
From the FOX 25 First Forecast Center..
Tornado watch for western and central OK until 11 pm Saturday night. Severe t'storms may also produce large hail and damaging winds. ...
Business News
Gauge of US economy's future health up in April
WASHINGTON (AP) -- A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
Consumer Info
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
Science/Tech News
IN THE NEWS: LABOR GROUP SAYS CONDITIONS AT APPLE PLANTS IMPROVING
WASHINGTON (AP) -- A labor group Apple joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are getting better.
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ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.
IE6 Float Fix
