Finance
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Exxon passes Apple as most valuable companyJan 25, 2013 3:21 pm - NEW YORK — Exxon has once again surpassed Apple as the world’s most valuable company after the iPhone and iPad maker saw its stock price falter. Apple Inc.’s stock has b...
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S&P rating makes Illinois the country’s worst stateJan 25, 2013 2:26 pm - Illinois’ already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any state in the country, blaming ...
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Source: Morgan Stanley CEO will get a pay cutJan 25, 2013 5:38 am - NEW YORK — Morgan Stanley CEO James Gorman will get a pay cut for 2012. A person familiar with the situation says the bank plans to trim Gorman’s pay from its 2011 level...
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ECB: banks to repay early $183 billion in loansJan 25, 2013 5:25 am - BERLIN — Banks in the eurozone will pay back early (euro) 137.2 billion ($183 billion) of the huge injection of cheap, three-year emergency loans they received from the ...
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Top white-collar crime prosecutor getting SEC jobJan 24, 2013 7:51 am - WASHINGTON — President Barack Obama will nominate former U.S. attorney Mary Jo White, who built a reputation prosecuting white-collar crimes, to lead the Securities and ...
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Cameron: I don’t want a country called EuropeJan 24, 2013 5:28 am - DAVOS, Switzerland — Britain’s Prime Minister David Cameron has slammed any moves to forge a United States of Europe. Cameron, who has shaken up Europe’s political lands...
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IMF sees modest 2013 improvement for world economyJan 23, 2013 9:17 am - WASHINGTON — The International Monetary Fund is projecting a modest rise in global economic growth for 2013, but also warning that problems in the eurozone and the Unite...
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Wintrust to acquire First Lansing Bancorp for $38.5 millionJan 23, 2013 8:59 am - Rosemont-based Wintrust Financial Corp. announced it will acquire First Lansing Bancorp Inc., the parent company of First National Bank of Illinois, for about $38.5 mill...
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U.S. bank deposits drop most since 9/11 as FDIC support ebbsJan 23, 2013 8:38 am - Clients of the largest U.S. banks withdrew funds this month at the fastest weekly pace since the Sept. 11 attacks as a deposit-insurance program ended and customers tapp...
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Expiring credits, deductions extended by CongressJan 22, 2013 3:29 pm - WASHINGTON — Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief. The alternative minimum tax or AMT has been patched — permanently — ...