Finance
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Oppenheimer to pay $20 million in settlements with regulatorsJan 27, 2015 12:01 am - WASHINGTON - Oppenheimer & Co. is paying $20 million in civil settlements with U.S. regulators who accused the investment firm of improper sales of penny stocks and inad...
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U.S. works to ease Caribbean dependence on Venezuelan oilJan 24, 2015 12:01 am - MIAMI - A decade-long addiction to oil subsidized by Venezuela may be coming to an end for several Caribbean nations, with a nudge from the United States. Fears that fal...
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American Express to cut more than 4,000 jobsJan 22, 2015 12:00 am - NEW YORK (AP) — American Express said Wednesday it plans to cut more than 4,000 jobs this year, about 6 percent of its total workforce. The New York-based charge card co...
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S&P settles with SECS, 2 states over misconduct chargesJan 21, 2015 12:01 am - NEW YORK - The credit ratings agency Standard & Poor's agreed to pay the U.S. government and two states $77 million to settle investigations into mortgage-backed securit...
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Ablin: Economic growth doesn't necessarily mean more jobsJan 21, 2015 12:00 am - A top economist with BMO Harris Private Bank said Wednesday that the economy likely will continue to grow at a fast pace, but that doesn't necessarily mean more jobs. Te...
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Morgan Stanley misses Wall Street's expectations for 4QJan 20, 2015 12:01 am - NEW YORK (AP) - Morgan Stanley reported a bigger fourth-quarter profit Tuesday as the investment bank recovered from some huge legal expenses last year. But it suffered ...
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Obama to seek tax hikes for rich to lift middle classJan 18, 2015 3:01 am - WASHINGTON - President Barack Obama will call for increasing taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritan...
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Consumer prices drop 0.4 percent in DecemberJan 16, 2015 12:01 am - WASHINGTON - U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidenc...
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Swiss franc's massive surge claims brokerage firm scalpsJan 16, 2015 12:01 am - LONDON - The financial shock waves from the Swiss franc's staggering ascent, one of the most acute moves in decades by a major currency, have hit firms around the world,...
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Goldman Sachs 4Q earnings fall 10 percentJan 16, 2015 12:01 am - NEW YORK - Goldman Sachs posted a 10 percent drop in fourth-quarter earnings Friday as trading activity declined. Wall Street investment bank's fixed income, currency an...