Crisis on Wall Street

Regulators shut small Florida bank

WASHINGTON - Florida banking regulators have shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults. (full story)

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Minn. House tells court governor abused budget law

Lawyers for the Minnesota House spell out in a 34-page brief why they believe Gov. Tim Pawlenty misused a state law to enact budget cuts without legislative consent. (full story)

Mo. governor: Community colleges to freeze tuition

Community colleges have joined Missouri's four-year colleges and universities in agreeing to freeze tuition next school year if state officials promise to nick and not slash their budgets. (full story)

Louisiana sees decline in initial jobless claims

First-time claims for jobless benefits in Louisiana fell last week after a spike attributed to a temporary layoff in the transportation equipment industry. (full story)