Weekly News Topics
Here's a recap of the business news from December 7-11, 2009: The House of Representatives passed a new law that increases government regulation on Wall Street activity. While the measure was praised by some as a protection against further financial collapses, others believe that the legislation will hurt business.http://finance.yahoo.com/news/Major-makeover-of-Wall-Street-apf-4156947868.html?x=0 Increased retail activity and consumer confidence helped the Dow end the week up for the third day in a row. Analysts see the growth as a signal that the country is coming out of the recession.http://finance.yahoo.com/news/Stronger-retail-sales-and-apf-765355420.html?x=0 Bowing to pressure from stockholders, Goldman Sachs announced that it would not pay its top executives performance bonuses this year. The company has enjoyed a relatively good year, trading around 166 a share and repaying all of its TARP funds.http://www.marketwatch.com/story/goldman-changes-pay-after-investor-pressure-2009-12-10?reflink=MW_news_stmp
