Finance
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U.S. would lose 710,000 jobs from tax rise, study saysJul 22, 2012 6:22 am - The U.S. would lose 710,000 jobs and economic output would fall by 1.3 percent, or $200 billion, if tax cuts for high earners are allowed to lapse, said a report prepare...
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Housing crisis sees 1.5 million older americans lose their homesJul 22, 2012 6:18 am - More than 1.5 million Americans aged 50 or more have lost their homes since the collapse of the housing market in 2007 as delinquency rates and foreclosures soar, accord...
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Report: States’ financial woes likely to worsenJul 21, 2012 7:46 am - WASHINGTON — U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as police, local schools and transportation...
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Chicago bank among five seized FridayJul 20, 2012 9:38 pm - WASHINGTON — Regulators closed two small banks in Georgia on Friday and one each in Florida, Kansas and Illinois, bringing to 38 the number of U.S. bank failures this ye...
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Jpmorgan ordered to identify witness in len blavatnik lawsuitJul 20, 2012 10:20 am - JPMorgan Chase & Co. was ordered to identify the person with the most knowledge of possible regulatory probes of its J.P. Morgan Investment Management and Chase units re...
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Rothschild anoints Alexandre heir as family cements bank dynastyJul 20, 2012 10:19 am - Bloomberg News Alexandre de Rothschild said his father always told him to “do what you want -- if you want to play tennis, go ahead.” Alexandre, now 32, did not devote h...
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Peregrine receiver can identify, secure Wasendorf assetsJul 20, 2012 10:17 am - The receiver for Peregrine Financial Group Inc., hired on request of the U.S. Commodity Futures Trading Commission that is investigating missing customer money, was give...
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Capital One repays consumers to end card probeJul 18, 2012 11:47 am - WASHINGTON — Capital One Bank will pay $210 million to settle federal charges that it tricked credit card customers into buying costly add-on services like payment prote...
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Bernanke offers no hints of imminent Fed actionJul 17, 2012 9:38 am - WASHINGTON — The U.S. economy has weakened and the Federal Reserve is ready to take further action to bolster growth if conditions don’t improve, Chairman Ben Bernanke t...
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Citigroup beats analysts’ estimates on investment bankingJul 16, 2012 10:21 am - Citigroup Inc., the third-biggest U.S. bank, reported second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and...