Finance
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Legal expenses drag down Citigroup 4Q earningsJan 18, 2013 5:22 am - Citigroup’s fourth quarter earnings fell short of Wall Street’s expectations as the bank’s legal expenses rose and it released less money from its loan-loss reserves. Th...
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FAA rules Boeing Dreamliners must be groundedJan 16, 2013 4:00 pm - The main battery beneath the cockpit of the Boeing 787 forced to make an emergency landing in Japan was swollen from overheating, a safety official said Thursday, as avi...
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How do you move 700 tons of gold? Very quietlyJan 16, 2013 3:16 pm - BERLIN — In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris and New Yor...
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United tries again to raise airfaresJan 16, 2013 3:13 pm - DALLAS — United Airlines is trying again to raise prices after a similar move failed earlier this month. United said Wednesday that it raised prices for travel within th...
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Goldman, Morgan Stanley pay $557 million in mortgage caseJan 16, 2013 2:28 pm - WASHINGTON — Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have...
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Charities worry new tax law will reduce donationsJan 16, 2013 2:25 pm - WASHINGTON — Charities and nonprofit organizations are worried that new limits on tax deductions for high earners will hurt donations just as charitable giving is starti...
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JPMorgan reports higher earnings, finishes reviewJan 16, 2013 5:27 am - NEW YORK — JPMorgan Chase, the country’s biggest bank by assets, says its fourth-quarter earnings shot up 55 percent over the year. The bank made $5.3 billion after pay...
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Report: Germany to repatriate gold from U.S., FranceJan 15, 2013 9:51 am - BERLIN — A German newspaper reports the country’s central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from s...
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6 ways to put those unwanted gift cards to useJan 12, 2013 10:00 pm - NEW YORK — Gift cards are easily forgotten. All too often they're placed in drawers or stuffed into wallets, never to be seen again. Some $1.7 billion of the $110 billi...
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Treasury rejects trillion-dollar coinJan 12, 2013 7:06 pm - WASHINGTON — Forget about the government minting a $1 trillion coin to solve its debt-limit crisis. Treasury Department spokesman Anthony Coley said Saturday that neithe...