Names in the news, 11.25.2009
By Kevin Connor  •  Nov 25, 2009 at 13:10 EST

* The White House has announced that President Obama will attend the UN climate change conference in Copenhagen.

* Military contractors employed by Blackwater are at the center of a secret program of targeted assassinations in Pakistan, according to The Nation‘s Jeremy Scahill.  The operatives are also helping direct a drone bombing campaign, all from a US Joint Special Operations Command forward base in Karachi.

* AIG CEO Robert Benmosche has signed a non-compete deal and plans to stay on and continue collecting his $11 million bonus.  Benmosche had been grumbling about government-imposed limits on his taxpayer-owned company.

* Following White House counsel Greg Craig‘s departure, the resignation of Phillip Carter signals more fallout from the administration’s “disappointing civil liberties record,” writes David Dayen.  As assistant secretary of defense for detainee policy, Carter was playing a key role in the Gitmo closing effort.

AARP, AMA endorse health bill
By Ellen Przepasniak  •  Nov 06, 2009 at 09:59 EST

President Obama snatched up endorsements of the health bill by AARP and AMA and will visit the Capitol today to make one last push to lawmakers. (WSJ)

Fourteen people are now charged with insider trading in conjunction with the Galleon Group case. (NYT)

AIG posts its second straight profit, but there is still no word on when the company will repay its bailout funds. (Reuters)

Banks are changing their bonus formulas to stall efforts by Pay Czar Kenneth Feinberg to rein in corporate pay. (Bloomberg)

The climate change bill — which was pushed through the Senate Environment and Public Works Committee by Sen. Barbara Boxer without Republican input — is raising flags about whether it will pass through the full Senate next year. (NYT)

House Dems want a weekend health vote
By Ellen Przepasniak  •  Nov 05, 2009 at 10:20 EST

House Speaker Nancy Pelosi is pushing for a vote on the health bill Saturday. (NYT)

Fourteen more arrests have been made in the Galleon insider trading case. (Bloomberg)

The Senate unanimously passed legislation yesterday to give tax breaks to big companies hit by the recession, but Rep. Charles Rangel, chair of the Ways and Means Committee, says comprehensive overhaul of corporate taxation is on the way. (WSJ)

The Senate Environment and Public Works Committee has passed the Democrat-penned bill to cut carbon emissions, but it may not be voted on in the full Senate until 2010. (Reuters)

Google CEO Eric Schmidt gets pensive about what makes a good tech hire. (WSJ)

Health bill may not be passed until 2010
By Ellen Przepasniak  •  Nov 04, 2009 at 09:58 EST

Sen. Harry Reid said the health reform debate may carry on into 2010. (WSJ)

House Republicans have drafted their own health bill with no public option that doesn’t require people to have insurance or employers to provide it. (NYT)

The GOP wins two key gubernatorial elections in New Jersey and Virginia and Republican Michael Bloomberg is reelected as mayor of New York. (NYT)

Pay Czar Kenneth Feinberg met with Goldman Sachs CEO Lloyd Blankfein and JPMorgan CEO Jamie Dimon prior to capping executive pay at bailed-out financial firms. (Bloomberg)

Warren Buffett has joined Goldman Sachs in a bid to buy stakes in Fannie Mae. (WSJ)

Panel aims to pass climate bill before December
By Ellen Przepasniak  •  Nov 03, 2009 at 10:09 EST

Sen. Barbara Boxer has charged the Senate Environment and Public Works Committee with completing a climate change bill before the international summit in Copenhagen in December. (Reuters)

Three key races will play out today in New York, New Jersey and Virginia and Republicans are poised to claim victory. (WSJ)

A study released by Sen. Jay Rockefeller shows insurance companies are paying less on the dollar for premiums than they’re advertising. (NYT)

Chairman Walter Massey may move Bank of America’s headquarters to New York to entice more CEO candidates. (Bloomberg)

The Federal Open Market Committee, the policy-setting arm of the Federal Reserve, will meet this week to discuss the economic future. (Reuters)

Republicans to release their own health bill
By Ellen Przepasniak  •  Nov 02, 2009 at 08:47 EST

Rep. John Boehner says House Republicans will release their own health bill this week. (WSJ)

White House economic adviser Larry Summers will hold a meeting today to discuss the economy. Among the attendees are Treasury Secretary Timothy Geithner and Health and Human Services Secretary Kathleen Sebelius. (Reuters)

CEO of Bank of New York Mellon Robert Kelly was approached to be Bank of America‘s next CEO, but he declined. (WSJ)

After months of scrambling to stay afloat, CIT Group files for bankruptcy. (Reuters)

Ford had its first profitable quarter in four years, posting gains of $997 million. (NYT)

Chamber of Commerce chief lambastes health bill
By Ellen Przepasniak  •  Oct 30, 2009 at 10:04 EST

Chamber of Commerce Chief Thomas Donohue strikes out against Obama’s health care plan. (WSJ)

Sen. Tom Coburn, also a licensed family physician, is one of the health bill’s most fervent opponents, leading the Republican opposition in Congress. (NYT)

Hearings on the climate change bill written by Sens. Barbara Boxer and John Kerry will begin as early as next week. (Reuters)

FDIC Chief Sheila Bair criticizes the White House’s financial regulation plan in front of the House Financial Services Committee yesterday. (NYT)

The House ethics panel, chaired by Rep. Zoe Lofgren is investigating over 30 lawmakers and aides over financial matters related to “defense lobbying and corporate influence peddling.” (WaPo)

House Democrats to unveil health bill
By Ellen Przepasniak  •  Oct 29, 2009 at 10:05 EST

Speaker Nancy Pelosi and House Democrats will announce their own health bill today that includes a public option and taxes the wealthiest Americans to pay for it. (Reuters)

Under the new financial overhaul bill in Congress, the Federal Trade Commission would have increased authority over banks. (WSJ)

Floundering CIT Group rejects a loan from billionaire Carl Icahn and sucks more money from its bondholders. (NYT)

Eric Dinallo, once a close adviser to Eliot Spitzer, is trying to distance himself from the former attorney general as he runs for the post himself. (NYT)

New Motorola CEO Sanjay Jha is poising the company for a comeback with new products and a marketing strategy. (NYT)

Public option increases Democrats’ divide
By Ellen Przepasniak  •  Oct 28, 2009 at 09:10 EST

With the inclusion of Sen. Harry Reid‘s public plan, Democrats are now divided on the health bill and Reid may not have the 60 votes he needs to pass it through. (NYT)

Two of the health industry’s biggest lobbyists, AHIP president Karen Ignagni and PhRMA CEO Billy Tauzin have different styles on the Hill, but are still as busy as ever. (NYT)

As Pay Czar Kenneth Feinberg cut executive pay at seven bailed out firms last week, he actually increased base salaries. (Reuters)

Rep. Barney Frank revealed new legislation yesterday to create a special fund for “too big to fail” financial firms that will be paid into by assessments on those same firms. (NYT)

The Treasury Department may give a third infusion of TARP funds to lender GMAC. (Reuters)

Senate Dems hope for consensus on public option
By Ellen Przepasniak  •  Oct 27, 2009 at 09:44 EST

Sen. Harry Reid confirms he will bring a public option to the Senate floor that states can opt out of. (NYT)

Today, the Senate Environment and Public Works Committee will kick off a three-day series of hearings as a precursor to a climate change bill. (Reuters)

AOL names a new board of directors to be effective after its break with Time Warner. The new board includes former FCC Chairman Michael Powell and banker William Hambrecht. (WSJ)

Former AIG Chief Maurice Greenberg is slowly culling employees for his latest venture, C.V. Starr and Company. (NYT)

UBS has hired Robert McCann, a former Merrill Lynch executive, to head its Wealth Management Americas division. (Bloomberg)