Finance
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Selling burns 401(k) savers who dump stocks, expert saysAug 21, 2011 5:00 am - U.S. investors who sold equities in their retirement accounts during market volatility in 2008 and 2009 did worse than those who stayed in stocks, Fidelity Investments s...
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Tribune creditors may sue former stockholders to get their moneyAug 19, 2011 12:00 am - Edward Jones, a St. Louis-based investment firm, is warning former Tribune Co. employees, retirees and other shareholders who participated in a 2007 stock buyback that t...
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Treasury yields sink to record lowsAug 18, 2011 12:00 am - NEW YORK — Weak economic reports are driving Treasury prices higher and pushing yields to record lows. The yield on the 10-year Treasury briefly dipped below 2 percent ...
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Fund investors yank $40 billion in one weekAug 17, 2011 12:00 am - Rattled investors pulled more than $40 billion from stock and bond funds in a single week this month as fears about the global economy intensified. The total of $40.3 bi...
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SEC attorney alleges vast destruction of documentsAug 16, 2011 11:00 pm - WASHINGTON — An attorney at the Securities and Exchange Commission is alleging that the agency destroyed documents related to thousands of preliminary investigations, in...
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A new American gold rush as prices soarAug 16, 2011 11:00 pm - NEW YORK — For what is normally a sleepy month, there are so many customers at the Gold Standard, a New York company that buys jewelry, that it feels like Christmas in A...
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Motorola Mobility shares skyrocketAug 15, 2011 12:00 am - After Google Inc. said Monday it would buy Libertyville-based Motorola Mobility, MMI shares soared nearly 60 percent after the opening bell and stayed up all day. Motor...
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Fed's low rates are no fix for economy or retireesAug 14, 2011 6:00 am - WASHINGTON — The Federal Reserve's plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For reti...
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‘There’s a girl here’ proves recipe for Mideast bank growthAug 14, 2011 6:00 am - Reem Qaraqe was a novelty at the Bethlehem branch of Bank of Palestine Plc, and she says some customers didn’t hide their astonishment. “There’s a girl here,” was a typi...
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Affluent parents aren’t giving college kids a free rideAug 14, 2011 6:00 am - NEW YORK — About half of Americans with assets of more than $250,000 say they won’t pay the entire tab for their children’s college education, according to Bank of Ameri...