Finance
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Freddie Mac posts $1.2B net income for 2QAug 07, 2012 10:24 am - WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid fo...
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Standard Chartered shares dive after allegation of laundering money for IranAug 07, 2012 10:05 am - LONDON — Standard Chartered PLC saw around 6.3 billion pounds ($9.9 billion) wiped off its market value Tuesday after the New York state regulator accused the U.K. bank ...
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Treasury to receive $750M more from AIG stock saleAug 06, 2012 12:56 pm - WASHINGTON — The government says it expects to receive $750 million from the latest sale of stock held in American International Group. The sales are part of an effort t...
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Europe’s Debt Crisis Reducing Access to Capital, Gigaba Says c.2012 Bloomberg NewsAug 06, 2012 7:26 am - Aug. 6 (Bloomberg) -- Europe’s debt crisis is reducing demand for goods from emerging markets and cutting access to capital, South Africa’s Public Enterprises Minister M...
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IAG chief eyes stake in American AirlinesAug 06, 2012 6:50 am - LONDON — The owner of British Airways and Spanish airline Iberia is considering taking a stake in American Airlines. The Financial Times on Monday quoted Willie Walsh, t...
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Downers Grove business owner helps clients avoid financial mistakesAug 06, 2012 6:15 am - An interview with Jeffery Harper of Harper Wealth Management Group an Office of MetLife in Downers Grove. Q: Describe your business. What do you do? A: I help people av...
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Impact of corn prices on food? Not what you thinkAug 05, 2012 7:26 am - NEW YORK — Cornflakes won’t necessarily be more expensive as a result of rising corn prices, but the milk you pour over them might be. A drought covering two-thirds of t...
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Failure of bank in Illinois brings 2012 total to 40Aug 03, 2012 6:20 pm - WASHINGTON — Regulators have closed a small bank in Illinois, bringing to 40 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. on Friday s...
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Cost of glitch for Knight Capital: $440 millionAug 02, 2012 1:39 pm - NEW YORK — It’s turning out to be one costly glitch. A technical problem that briefly threw dozens of stocks into chaos Wednesday will cost Knight Capital Group $440 mil...
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ECB’s Draghi: Bank may intervene on bondsAug 02, 2012 11:13 am - FRANKFURT, Germany — European Central Bank President Mario Draghi said Thursday the bank would make a new effort to buy government bonds to drive down the high borrowing...