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Staff at struggling German retail giant agree to tighten belts
AFP
(08 November 02:21) |
| AFP - Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to s... |
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Stimulus not transactions tax needed Geithner
Reuters
(08 November 01:22) |
| Reuters - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on fi... |
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Wall Street firms skittish about RUSAL IPO report
Reuters
(08 November 01:15) |
| Reuters - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U... |
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UK gives impetus to global banks tax
Reuters
(08 November 12:14) |
| Reuters - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus ... |
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Geithner says need to keep stimulus on
Reuters
(07 November 09:44) |
| Reuters - U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary t... |
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Britain gives impetus to global tax on banks
Reuters
(07 November 06:59) |
| Reuters - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resis... |
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UK gives ground on global tax on banks
Reuters
(07 November 05:44) |
| Reuters - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resis... |
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US regulators close Gateway Bank Prosperan Bank
Reuters
(07 November 06:15) |
| Reuters - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year. |
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Freddie Mac loses $63B in 3Q
AP
(07 November 06:05) |
| AP - Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion. |
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Freddie Mac posts $5 billion loss
Reuters
(07 November 05:30) |
| Reuters - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more governm... |
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Stocks eye retailers as jobless ranks swell
Reuters
(07 November 05:29) |
| Reuters - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. |
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US closes Home Federal Savings in Detroit
Reuters
(07 November 05:12) |
| Reuters - Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial insti... |
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Stocks post modest gains as job losses slow
AP
(07 November 04:40) |
| AP - Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday. |
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Gold miners pull TSX out of jobs-linked funk
Reuters
(07 November 04:38) |
| Reuters - Toronto's main stock index ended higher for a fourth straight session on Friday as gold miners rallied around record high bullion prices, offsetting the index's fall at the outset ... |
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Berkshire Hathaways net income triples
Reuters
(07 November 04:05) |
| Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurri... |
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AIG Magna Activision Blizzard are big movers
AP
(07 November 03:35) |
| AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: |
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Wall St rises 3 percent for week on Fridays slim gain
Reuters
(07 November 03:03) |
| Reuters - U.S. stocks rose 3 percent for the week after ending Friday's session slightly higher, shrugging off government data showing the unemployment rate hit 10.2 percent -- the highest i... |
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Amazon shares climb on analysts sales growth view
AP
(07 November 02:49) |
| AP - Shares of Amazon.com Inc. got a boost Friday after a Bernstein Research analyst upgraded the Seattle-based online retailer, expecting faster revenue growth in 2010. |
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US jobless rate surges to 102 percent
Reuters
(07 November 02:20) |
| Reuters - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as s... |
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Best of both worlds Combined pension401k plan
AP
(07 November 02:01) |
| AP - Over the last year it's become abundantly clear that the stock market can devastate even seemingly healthy retirement accounts. Even so, with the guaranteed income of traditional pensio... |
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Defense asks jury to clear ex-hedge fund managers
AP
(07 November 02:00) |
| AP - Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market... |
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Opel chief leaves following failed deal
Reuters
(07 November 01:58) |
| Reuters - General Motors Co said on Friday the head of its European operations, Carl-Peter Forster, is leaving, three days after the automaker's decision to scrap a planned sale of its Opel... |
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SEC probing Florida state investment fund
Reuters
(07 November 01:44) |
| Reuters - U.S. federal regulators have launched a fraud investigation into the state agency that runs Florida's $110 billion pension system and another fund hit by a 2007 depositors run, acc... |
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SEC sees evolution in insider trading
Reuters
(07 November 01:30) |
| Reuters - A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as s... |
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Stocks flat broker upgrades offset jobs data
Reuters
(07 November 12:46) |
| Reuters - U.S. stocks barely budged in a choppy trading session on Friday, lifted by several broker upgrades that offset disappointing data showing the unemployment rate rose to its highest ... |
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Bebe shares fall after 1Q results
AP
(06 November 11:31) |
| AP - Shares of clothing retailer Bebe Stores Inc. tumbled 8 percent Friday, after it posted a quarterly loss on sharply lower sales. |
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Jobless rate surges to 102 percent
Reuters
(06 November 11:18) |
| Reuters - The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as... |
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Ex-hedge fund boss charged in stock scam
AP
(06 November 11:15) |
| AP - A former hedge fund manager arrested earlier this year has been indicted on federal charges he participated in a $7 million insider trading scam. |
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THE INFLUENCE GAME Business aided by jobless bill
AP
(06 November 10:25) |
| AP - Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident. |
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Stocks flat as broker upgrades offset jobs data
Reuters
(06 November 10:17) |
| Reuters - U.S. stocks were little changed in choppy trading on Friday as brokerage upgrades offset data showing the unemployment rate soared to 10.2 percent last month, its highest in more t... |
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Neb senator takes issue with student loan stance
AP
(06 November 10:05) |
| AP - U.S. Sen. Mike Johanns said Thursday that his concern for Nebraska families is what's driving his opposition to legislation that would turn control of student loans over to the governme... |
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AOL names CEO of online retailer to its board
AP
(06 November 09:42) |
| AP - AOL, the Internet service provider owned by Time Warner Inc., on Friday named Gilt Groupe CEO Susan Lyn0e to its board. |
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US jobless rate hits 102 percent
Reuters
(06 November 08:53) |
| Reuters - The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as... |
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GM Europe chief Forster to leave company sources
Reuters
(06 November 08:39) |
| Reuters - The head of General Motors' European business, Carl-Peter Forster, is leaving the company following the surprise decision by GM's board to block the sale of Opel, two sources clos... |
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US unemployment rate hits 102 percent
Reuters
(06 November 08:20) |
| Reuters - The U.S. unemployment rate unexpectedly jumped to 10.2 percent in October, breaching the politically sensitive double-digit barrier for the first time in 26-1/2 years, even though ... |
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Blackstone posts profit sees more deals ahead
Reuters
(06 November 08:12) |
| Reuters - Private equity firm Blackstone Group LP posted a quarterly profit, topping expectations and reversing a year-earlier loss, and said it expects to do more deals following an improv... |
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World stocks fall as US jobless rate hits 102 pct
AP
(06 November 07:45) |
| AP - European stocks fell and Wall Street was expected to drop on the open Friday after data showed the U.S. unemployment rate jumped to 10.2 percent in October, more than expected, as 190,0... |
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Stock futures slide after bleak employment data
Reuters
(06 November 07:35) |
| Reuters - U.S. stock index futures pointed to a nearly 1 percent drop at the open on Friday as U.S. unemployment reached a more than 26-year high and topped the psychologically important 10 ... |
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AIG posts second straight profit
Reuters
(06 November 07:23) |
| Reuters - AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments. |
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Dolan more than doubles 3Q profit
AP
(06 November 07:19) |
| AP - Dolan Media Co., a provider of legal and professional publications and services, said Friday its third-quarter profit more than doubled as revenue grew sharply in its mortgage default p... |
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Stock futures edge up ahead of payrolls data
Reuters
(06 November 06:21) |
| Reuters - U.S. stock index futures rose slightly on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic reco... |
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AIG posts second consecutive quarterly profit
Reuters
(06 November 06:12) |
| Reuters - American International Group Inc , the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its inve... |
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G20 to stay the course on economic stimulus
Reuters
(06 November 05:51) |
| Reuters - The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebal... |
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FTSE higher ahead of US employment data
AFP
(06 November 05:48) |
| AFP - The FTSE 100 rose slightly on Friday ahead of the release of crucial US employment figures and as traders assessed more earnings reports. |
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European stocks mixed ahead of US job figures
AFP
(06 November 05:41) |
| AFP - Europe's main stock markets diverged slightly on Friday ahead of the release of crucial US employment figures and as traders assessed more earnings reports. |
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Calpers knew in 2003 about forex trading hits report
Reuters
(06 November 05:06) |
| Reuters - California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultan... |
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Ahead of the Bell Consumer Credit
AP
(06 November 05:06) |
| AP - Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the f... |
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Stock futures mixed ahead of payroll figures
Reuters
(06 November 04:27) |
| Reuters - U.S. stock index futures pointed to a mixed open on Wall Street on Friday as investors braced for the all-important monthly payrolls figures and unemployment rate, due at 8:30 a.m.... |
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THE INFLUENCE GAME Jobless aid helps business
AP
(06 November 02:43) |
| AP - Emergency help for out-of-work Americans will be a huge windfall to Realtors, homebuilders, mortgage bankers and others, and that's no accident. |
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RBSs Q3 loss halves but more bad debts to come
Reuters
(06 November 01:48) |
| Reuters - Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered inv... |
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