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Jul 16, 2010
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anthony mason is our senior business correspondent. anthony, i know s.e.c. filed civil charges against goldman three months ago and today a settlement. >> reporter: a settlement to settle the fraud charges. goldman sachs one of the most storied and profitable wall street banks agreed to pay largest fine the s.e.c. has ever assessed against a financial firm. >> this record-setting penalty reflects the egregiousness of goldman's misconduct and should serve as a powerful deterrent. >> reporter: the s.e.c. accused goldman of setting up a group of investment to sell clients in 2007, knowing that another of its major clients was betting heavily these same investments would fail. now, the settlement... in the settlement goldman neither admits nor denies it committed fraud but acknowledged it failed to disclose vital information to its clients. the fine includes $250 million to compensate harmed investors. goldman will write another $300 million check to the united states treasury. katie? >> couric: and $550 million is a big chunk of change for goldman sachs, anthon
anthony mason is our senior business correspondent. anthony, i know s.e.c. filed civil charges against goldman three months ago and today a settlement. >> reporter: a settlement to settle the fraud charges. goldman sachs one of the most storied and profitable wall street banks agreed to pay largest fine the s.e.c. has ever assessed against a financial firm. >> this record-setting penalty reflects the egregiousness of goldman's misconduct and should serve as a powerful deterrent....
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Jul 16, 2010
07/10
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anthony mason, cbs news, new york. >>> straight ahead, your friday morning weather. >>> and in sports, just 21 years old and 9 under par, rory mcilroy leads the british open. right now when you stay ] two times with comfort inn or any choice hotel, you can feed a family of four. book now at choicehotels.com to start earning your $50 restaurant gift card. at the end of the day as they do at the beginning? air optix® contact lenses have superior deposit resistance for cleaner lenses. air optix®, the lens you can survive a long day in. go to airoptix.com for a free one month trial offer. woohoo! it's not the lighting, girlfriend. mnh-mnh. oh gosh! woo! it's this drab one-tone hair color, ick. yeah. let's szush it up. [ gigi ] try nice 'n easy with colorblend technology. in one simple step, get a blend of tones and highlights. so even in this lovely light, nice 'n easy comes to life with dimension. instead of drabulous... i love it! shhhhh. [ gigi ] ...you look fabulous with tones and highlights. nice 'n easy. your right color. [ female announcer ] kids who don't eat breakfast may not be
anthony mason, cbs news, new york. >>> straight ahead, your friday morning weather. >>> and in sports, just 21 years old and 9 under par, rory mcilroy leads the british open. right now when you stay ] two times with comfort inn or any choice hotel, you can feed a family of four. book now at choicehotels.com to start earning your $50 restaurant gift card. at the end of the day as they do at the beginning? air optix® contact lenses have superior deposit resistance for cleaner...
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Jul 20, 2010
07/10
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anthony mason, cbs news, new york. >>> listen to this story.m mexico can finally say she's proud to be an american. and it was worth the wait. she's 106 years old and took the oath of citizenship in chicago on monday. she's been living here for 40 years and she said she wanted to be a citizen like her three children, 14 grandchildren, 20 great grandchildren, and eight great great grandchildren. she's also looking forward to voting in her first u.s. election. >>> well, this morning on the early show, protecting yourself from bed bugs. i'm betty nguyen. this is the "cbs morning news." "cbs morning news." e we've got to capture. my job is to hunt it down. i'm fred lemond, and i'm in charge of bp's efforts to remove oil from these waters. bp has taken full responsibility for the cleanup and that includes keeping you informed. every morning, over 50 spotter planes and helicopters take off and search for the oil. we use satellite images, infrared and thermal photography to map and target the oil. then, the boats go to work. almost 6,000 vessels. thes
anthony mason, cbs news, new york. >>> listen to this story.m mexico can finally say she's proud to be an american. and it was worth the wait. she's 106 years old and took the oath of citizenship in chicago on monday. she's been living here for 40 years and she said she wanted to be a citizen like her three children, 14 grandchildren, 20 great grandchildren, and eight great great grandchildren. she's also looking forward to voting in her first u.s. election. >>> well, this...
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Jul 20, 2010
07/10
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>> couric: anthony mason. anthony, thanks so much. here's a comment from one of our viewers about the unemployment benefits that will be voted on tomorrow. bill plante is our senior white house correspondent. bill, is that doable? >> reporter: no can do, katie. they'd have to change the law. there's plenty of tarp money, $194 billion has been paid back and the government has earned $23 billion in interest. but they have to use that money to pay down the deficit. so they'd have to change the law to pay unemployment benefits with it. >> couric: all right. bill plante at the white house. bill, thanks so much. and still ahead here on the "cbs evening news," he's an ob-gyn who hit the big 1-0-0 and he's still practicing. tonight's "assignment america." but up next, an off beat campaign in an off-year election. [ male announcer ] if you've had a heart attack caused by a completely blocked artery, another heart attack could be lurking, waiting to strike. a heart attack that's caused by a clot, one that could be fatal. but plavix helps save l
>> couric: anthony mason. anthony, thanks so much. here's a comment from one of our viewers about the unemployment benefits that will be voted on tomorrow. bill plante is our senior white house correspondent. bill, is that doable? >> reporter: no can do, katie. they'd have to change the law. there's plenty of tarp money, $194 billion has been paid back and the government has earned $23 billion in interest. but they have to use that money to pay down the deficit. so they'd have to...
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Jul 31, 2010
07/10
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here's our senior business correspondent, anthony mason. >> reporter: the recovery lost momentum in the second quarter, but the economy has now been growing steadily for a full year. >> so why don't we feel better? just because you get to the recovery room doesn't mean that you feel better, right? >> reporter: economist lakshman achuthan says, after a year of growth, the economy has now regained 73% of the output lost during the recession, but only 7% of the more than eight million jobs lost. >> so, huge disconnect between recovery and output and recovery and jobs. >> reporter: but some companies are beginning to hire again. >> business is really good. we are a little surprised. >> reporter: at blinds.com in houston, every time an order is booked, they ring a bell. ( rings bell ) ( applause ) >> there's another one. >> reporter: c.e.o. carlo steinman says the bells have been ringing a lot lately. with sales up more than 25%, he's nearly doubled his staff, adding 50 workers. >> i think any good c.e.o. is always a little paranoid, but we are extremely optimistic. >> reporter: in detroit t
here's our senior business correspondent, anthony mason. >> reporter: the recovery lost momentum in the second quarter, but the economy has now been growing steadily for a full year. >> so why don't we feel better? just because you get to the recovery room doesn't mean that you feel better, right? >> reporter: economist lakshman achuthan says, after a year of growth, the economy has now regained 73% of the output lost during the recession, but only 7% of the more than eight...