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Posted by admin on January 31, 2009 under News | 
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Bonuses no luxury for some Wall Street workers
NEW YORK (AP) To President Barack Obama, Wall Street's $18.4 billion in bonuses is "shameful." To thousands of bank employees who don't sit in corner offices, that money helps pay the bills….
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Merrill paying $1M fine in settlement with SEC (AP)
AP – Merrill Lynch on Friday agreed to pay a $1 million civil fine to settle with federal regulators who accused the company of misleading pension consulting clients and failing to disclose conflicts of interest in recommending the use of its affiliated services.
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Stocks Stumble as Investors Fear Worsening Economy
NEW YORK — Stocks slumped for a second straight day Friday as investors took a milder-than-expected reading on the economy as a sign that the worst is yet to come. All the major indexes fell more tha…
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Spain arrests 6 over British stock market fraud (AP)
AP – Spanish police arrested six people suspected in a $600 million stock fraud case in Britain, officials said Wednesday.
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Declines seen at big media conglomerates
CHICAGO (MarketWatch) – Analysts expect media and entertainment conglomerates Walt Disney Co., Time Warner Inc. and News Corp. to report declines in earnings for the quarter ended Dec. 31, and will ag…
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How the major market indexes fared (AP)
AP – Stocks slumped for a second straight day Friday as investors, already on edge about the worsening economy, were further rattled by a report that Washington’s plans to help banks may have hit a snag.
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Tokyo stocks plunge 3.12% on grim corporate earnings
TOKYO, Jan. 30 (Xinhua) — Japanese stocks plummeted Friday to snap a three-day winning streak as a number of leading companies announced grim earnings projections for the current financial year.
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S&P futures fall on earnings, GDP eyed (Reuters)
Reuters – S&P stock futures extended declines on Friday after quarterly results showed sales at Honeywell and Procter and Gamble fell short of estimates.
Posted by admin on January 30, 2009 under News | 4 Comments to Read
Asian markets in red; Nikkei down 276pts
The Hang Seng has shed 202 points at 12,952. The Nikkei has plunged 276 points to 7,975. The Taiwan Weighted index is up five points at 4,248. The Straits Times has dropped 25 points to 1,742, and th…
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SEC charges financial planner with TARP fraud (Reuters)
Reuters – The U.S. Securities and Exchange Commission charged a financial planner on Wednesday with fraud related to the U.S. government’s Troubled Asset Relief Program (TARP).
