Large US banks must show how they would wind down

WASHINGTON (AP) — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing.

The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the rules, which were mandated under the financial overhaul passed by Congress last year. They are designed to reduce the chances of another government bailout of Wall Street banks in the event of another financial crisis.

The rules require banks with $50 billion or more in assets to submit so-called living wills to the FDIC, the Federal Reserve and the Financial Stability Oversight Council and send revised plans annually.

Among the banks affected …

AIChE Ambassadors Build Connections Between Student Members and the Institute

Over the past year, more than four dozen AIChE members - ranging from Institute leaders to members-at-large - participated in mentoring visits to AIChE student chapters at 40 chemical engineering schools. This fall, AIChE hopes to expand this Student Chapter Ambassador program to include even more schools and volunteer member representatives.

AIChE started the Student Chapter Ambassador program in 2006, in an effort to better connect student members with the national organization and with professional engineers on the local level. AIChE has focused renewed effort on recruiting and retaining new graduates and younger members.

The Student Chapter Ambassador program pairs up …

Kevin Federline spent big in Las Vegas while billing ex-wife Britney Spears

Kevin Federline might play the part of the pauper to his pop princess ex-wife Britney Spears, but in Las Vegas he is king.

Federline spent more than $43,000 (euro27,700) on Las Vegas hotels, dining and shopping between May 2007 and January of this year, according to documents filed by Federline's attorney in his custody battle with Spears. The documents were released by the Superior Court on Thursday.

The tabs included $1,445 (euro930) for clothing at Gianni Versace, $3,863 (euro2,488) at TAO nightclub, and $3,008 (euro1,937) at the Hard Rock Beach Club.

He appears determined not to be branded a cheap tipper. At Scores strip club, he dropped a …

Budget billing, weatherizing can help

It may be hard to think about heating costs when the mercury'spushing 90 degrees. But gas companies like Peoples Gas and Nicor Gassay it's never too early to get ready for next winter.

Here are some tips on how to shave costs off your natural gasbills:

* Check into your company's budget billing plan, which averagesout heating costs year-round, to avoid wintertime sticker shock.

* The gas companies offer plans if you fall behind on your bills.For example, if a Nicor customer …

Palmeiro trade revisited: A good deal of success?

Rafael Palmeiro rides into town today with the Texas Rangers, oneof the baddest posses in baseball.

Used to be, Palmeiro did his damage in Wrigley Field as one ofthe good guys. Now the former Cub does his damage to American Leagueteams such as the White Sox, whom the Rangers will face tonight inthe first of a four-game series.

And what damage he's capable of.

Since leaving the Cubs, Palmeiro has become one of baseball'stop guns. Last season, he hit .322 with 26 homers, 88 RBI, aleague-leading 49 doubles and 115 runs scored.

Think of the numbers had he stayed at Waveland Avenue, battingbefore, after and between Ryne Sandberg and Andre …

Survey shows US manufacturing grew in September for 14th straight month, but at slower rate

NEW YORK (AP) — Survey shows US manufacturing grew in …

Islamic games canceled over Persian Gulf name

The Islamic Solidarity Games have been canceled after a dispute between Arab countries and Iran over the name of the waterway dividing them.

The Saudi-based Islamic Solidarity Games Federation says they cancelled the sporting event, which were meant to be held in Tehran in the spring, after Iran put "Persian …