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Rate cut policy slowing down
Economists and analysts expect the Fed will reduce rates today, while signaling the end of its yearlong reduction plan.
Verizon sells TSI of Tampa for $800-million
A Chicago equity investment company with ties to the bay area buys the wireless services unit.
The media industry's quiet mogul
WASHINGTON -- AOL Time Warner executive Richard D. Parsons and former Sen. Daniel Patrick Moynihan came together recently for a news conference to explain the work of the Social Security commission that they co-chair.
Business Digest
THRIFT COLLAPSE SETTLED: The multibillionaire Pritzker family and its partner have agreed to pay $460-million to resolve issues related to the failure of Superior Bank. The Pritzkers and their partner in Superior, New York developer Alvin Dworman, admit no liability in Superior's failure and no sanctions are imposed on them in the agreement with the Federal Deposit Insurance Corp. and the Office of Thrift Supervision. The Chicago-area thrift was the largest insured U.S. financial institution to fail in nearly a decade, causing an estimated loss to the federal insurance fund of $500-million. It lost millions on risky, high-rate mortgage loans to borrowers with tarnished credit.
