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Stock rally stalls but Dow ekes out gain

admin — Wed, 11 Nov 2009 01:00:53 +0000

on Tuesday as differing views on whether the market can build on recent gains stalled the S&P 500’s six-day winning streak.

Sen Dodd seeks more muscle in US financial reforms

admin — Wed, 11 Nov 2009 01:00:47 +0000

WASHINGTON (Reuters) – Pushing for tougher changes in U.S. financial regulations, the Senate’s top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.

Bear Stearn Fund Managers Not Guilty on All Counts

badnote — Wed, 11 Nov 2009 01:00:46 +0000

Former Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin were found not guilty Tuesday on all nine counts of fraud brought against them by prosecutors.

Credit Card Firms Squeeze Customers as Rules Loom

badnote — Wed, 11 Nov 2009 01:00:08 +0000

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Stocks flat as investors assess recent gains

admin — Tue, 10 Nov 2009 21:00:46 +0000

NEW YORK (Reuters) – U.S. stocks were little changed on Tuesday, stalling the S&P 500 index’s string of six straight advances, as investors paused to assess recent gains.

Dodd offers bold financial reform plan

admin — Tue, 10 Nov 2009 21:00:40 +0000

WASHINGTON (Reuters) – The U.S. Senate’s top banking legislator proposed ambitious financial regulation reforms on Tuesday, leaping beyond earlier proposals to tighten bank regulation, protect consumers and police systemic risk.

Banks bill seeks to strip Fed of powers

badnote — Tue, 10 Nov 2009 21:00:40 +0000

An influential US Senate committee has proposed a sweeping overhaul of the country’s regulatory architecture that would strip powers from the Federal Reserve and create a single banking regulator.

Goldman chief defends level of employees’ pay

badnote — Tue, 10 Nov 2009 21:00:40 +0000

Goldman Sachs pays its employees more than other financial firms because Goldman employees are more productive, declared Lloyd Blankfein, chief executive

US admits to lack of progress in Middle East

badnote — Tue, 10 Nov 2009 21:00:11 +0000

Top diplomats acknowledge that Washington has failed to make substantial progress on the Arab-Israeli conflict and that Tehran was likely to reject a compromise offer

Stocks edges up on brighter corporate tone

admin — Tue, 10 Nov 2009 17:00:43 +0000

NEW YORK (Reuters) – Wall Street edged higher and the Dow touched a fresh 13-month high on Tuesday as several positive corporate announcements helped stocks extend gains.