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AP – Federal regulators have accused BankAtlantic Bancorp Inc., the parent of one of Florida’s biggest banks, and its chief executive of misleading investors about the bank’s financial health as its holdings of commercial real estate loans soured in 2007.

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AP – The former CEO and chairman of CSK Auto Corp. will give back about $2.8 million in bonuses and profits from sales of company stock he received while federal regulators say the auto parts supplier was committing accounting fraud in 2002 to 2004.

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Reuters – Nasdaq OMX Group Inc will reach a targeted 2.5-times leverage ratio earlier than expected and at the end of the third quarter will set a capital plan likely to include share buybacks, its chief executive said.

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AP – It was 8:46 a.m. and Wall Street was almost ready for business when the first plane hit the World Trade Center a decade ago. Dick Grasso, then chairman and CEO of the New York Stock Exchange, reflects on what it was like to be blocks from the Twin Towers on 9/11. Grasso left the NYSE in 2003.

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The McAllen Economic Development Corporation and the City of McAllen await formal approval from the United States Customs and Immigration Services for participation in the EB 5 (Employment Based Immigration, 5th preference) program. EB 5 essentially provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest at least $500000, creating at least 10 jobs. “I think it’s another tool in the toolbox to help us bring investment and jobs to McAllen. It’s something that we’ve been looking at for a little over two years,” said McAllen Development Corporation President and CEO Keith Patridge, who’s said his office has said a ‘parade’ of people interested in the program. According to Patridge, a prospective investor must undergo an extensive background check. The background check looks into finances, arrest records, personal life and the person’s source of funding. For more information on EB 5, prospective investors can call Roy Cantu, at the McAllen Economic Development Corporation. The phone number is (956) 682-2875.

Reuters – Sino-Forest is facing accusations in a proposed class-action suit that go beyond fraud allegations that have triggered investigations, its CEO’s resignation and its removal from Toronto’s main stock index.

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AP – The CEO of a big bank says a U.S. default could be catastrophic for the economy. The head of the Federal Reserve warns of chaos. And a credit rating agency threatens to take away the country’s coveted triple-A status.

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Reuters – Nasdaq OMX Group’s failed bid for long-time rival NYSE Euronext was a “brief interlude” for management and a disappointment, and now the exchange is moving on, its chief executive said on Thursday.

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