Finance
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Saudi shares rise to highest level since MayAug 11, 2012 1:45 pm - Shares in Saudi Arabia, the Arab world’s biggest stock market, climbed to their highest since late May on valuations and optimism in the U.S. Etihad Etisalat Co., a Saud...
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Growing paychecks boost purchasing powerAug 10, 2012 5:01 pm - Americans’ paychecks in the first half of 2012 grew at the fastest pace in five years, pointing to an improvement in purchasing power that may help propel the economic e...
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Government won’t prosecute Goldman Sachs in probeAug 10, 2012 6:37 am - WASHINGTON — The Justice Department said Thursday it won’t prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe. In a written statement, ...
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E-Trade ousting its CEO; naming chairman to postAug 09, 2012 9:58 am - NEW YORK — E-Trade Financial has ousted its CEO, Citigroup veteran Steven Freiberg, just two years into a four-year contract as the online broker deals with declining tr...
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JPMorgan revises 1Q profit down amid trading probeAug 09, 2012 9:58 am - NEW YORK — JPMorgan Chase on Thursday formally revised its first-quarter financial results to show a lower profit, after deciding that traders at its main investment arm...
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Guilty plea from former Chicago Deloitte partnerAug 09, 2012 6:46 am - A Chicago-based accountant has pleaded guilty to securities fraud for profiting from information that was not yet public about companies he was auditing. Federal prosecu...
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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...