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President Biden said the current law limits his administration's power to hold executives responsible when midsize banks fail due to mismanagement.

The Beige Book — a big, official report — is mostly a bunch of stories gathered by talking to businesses around the country.

After two years of political bickering, Richard Cordray has been confirmed as head of the Consumer Financial Protection Bureau. He thinks that, in the end, his agency has won bipartisan support for the work it will do.

Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling are convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history. The pair now face lengthy prison sentences.

His name was Alvin Thomas. But nobody dared call him that. "Titanic" Thompson earned his nickname from a life spent gambling -- because Titanic could sink anybody.

Because of a sharp drop in corporate underwriting, National Public Radio has announced the elimination of 64 filled and 21 unfilled positions as part of cuts throughout the organization. Two shows, News & Notes and Day to Day, were canceled.

As the U.S. dollar hit a 12-year low Thursday in relation to the yen, U.S. Treasury Secretary Henry Paulson talks with Melissa Block about the weakness of the dollar and recommendations from the president's working group on shoring up the nation's financial services sector.

Chaos surrounds cycling's Tour de France as three riders are dismissed from the race on charges of doping. One was the leading rider, Michael Rasmussen, a Dane. He had been under heavy suspicion for failing to report his whereabouts to drug authorities during pre-tour training.

Kentucky Derby-winning jockey Calvin Borel awaits a much-anticipated run at the Triple Crown with the second of three events, the Preakness, set to take place Saturday in Baltimore.

Investment brokerage firm Merrill Lynch is looking for a new CEO after ousting Stan O'Neal. Speculation is focusing on Laurence Fink, the CEO of Blackrock, which provides global investment management services, and Robert McCann, who heads Merrill's brokerage division.