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Consumer Corner: Foreclosure settlement no magic bullet for economy
CHICAGO, May 15 (UPI) -- William Daley, a former Clinton administration Cabinet member and brother of Chicago's mayor, has resigned his post as president of SBC Communications Inc.
The Chicago Tribune reported Saturday the 55-year-old Daley surprised political insiders when he jumped into the phone business three years ago.
"We appreciate Bill's efforts on behalf of SBC and wish him well," SBC said in a statement.
Daley was named to the $1.2 million SBC job after managing Al Gore's 2000 presidential campaign and serving as President Bill Clinton's secretary of commerce.
Sources told the Tribune Daley next week plans to announce he has a new position with a Chicago employer.
Daley's greatest accomplishment was in getting SBC to be better regarded in Washington, said James Bradford Ramsay, general counsel for the National Association of Regulatory Utility Commissioners.
He helped move Congress to consider rewriting federal telecommunications laws and helped boost SBC's status with the Federal Communications Commission, according to Ramsay.
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TEHRAN, Feb. 13 (UPI) --
Iran made an oil field discovery that will add to its recoverable reserve estimate of more than 150 million barrels, an official said.
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DALLAS, Feb. 13 (UPI) --
Possible assembly and servicing in Mexico of UH-60 Black Hawk helicopters is being looked at by Sikorsky Aircraft and a Mexican company.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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