Cranes Work to Right Cars of Derailed NYC Train

Dec. 2 (Bloomberg) -- Federal authorities began righting toppled rail cars today as they started their investigation into what caused a New York City commuter train to derail yesterday, killing four people and injuring more than 60 others. The locomotive of the Metro-North train was hoisted back onto the track at 4:20 a.m., and two cranes were in the process of lifting the tilted car that was connected to the locomotive later in the day, according to railroad officials. (Source: Bloomberg)
Hoenig: Small Banks May Be Exempt From Dodd-Frank Rules
05:50 - Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., talks about the implementation of the Dodd-Frank banking regulation and industry outlook. Hoenig speaks with Bloomberg's Michael McKee and Brendan Greeley from the Jackson Hole Economic Symposium sponsored by the Kansas City Fed.(Source: Bloomberg)
  • The Made-In-China Meltdown: What Exactly Happened?
  • Does GDP Revision Put Sept. Rate Hike Back on the Table?
  • What China's Economic Policy Means for the U.S.