Wednesday, October 20, 2010

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Signs of Mistakes Aside, Banks Defend Foreclosures
Wall Street Journal
By RUTH SIMON, ROBIN SIDEL And JESSICA SILVER-GREENBERG Some banks say their reviews of mortgage-paperwork procedures have failed to detect any borrowers who were foreclosed on wrongly. Some court filings, loan documents and mea culpa letters from ...
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Morgan Stanley wealth adds assets, profit flat
Reuters
NEW YORK (Reuters) - Morgan Stanley (MS.N) said it added financial advisers and client assets in the third quarter but profit and revenues remained flat in a tough trading environment. The wealth management division, which includes a majority stake in ...
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Wells Fargo profit rises on lower loan losses
Reuters
NEW YORK (Reuters) - Wells Fargo & Co (WFC.N) reported on Wednesday that third-quarter profit rose, as lower loan losses helped counter a drop in revenue. The company, the fourth-largest US bank by assets, reported that earnings increased to $3.34 ...
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Delta Posts $363 Million Profit as Demand Buoys Fares
Bloomberg
By Mary Jane Credeur - Wed Oct 20 12:36:09 GMT 2010 "We are making progress toward our goal of consistent profitability," Chief Executive Officer Richard Anderson said in a statement. Photographer: Ramin Talaie/Bloomberg Delta Air Lines Inc., ...
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Australia's Treasurer Wayne Swan Urges Market-Based Exchange Rates
Wall Street Journal
By RACHEL PANNETT CANBERRA, Australia—Australia wants to see all countries move to market-based exchange rates, including China, Treasurer Wayne Swan said Wednesday ahead of a weekend meeting of Group of 20 finance ministers in South Korea. ...
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Boeing swings to a third-quarter profit
MarketWatch
By Christopher Hinton, MarketWatch NEW YORK (MarketWatch) — Boeing Co. said Wednesday that it swung to a third-quarter profit and raised its full-year outlook, as demand for its commercial aircraft more than offset a slump in the company's military ...
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The Least Important Worst Disaster in History
Vanity Fair
by Seyward Darby Back in the summer, it was impossible to escape the Gulf oil spill. Images of dark slicks spreading across the ocean, tar balls piling up on Florida beaches, and fishermen stranded on the Louisiana shore flashed across TV screens 24 ...
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Vanity Fair
US Bancorp Profit Rises 51%, Exceeding Analysts' Estimates
Bloomberg
By David Henry - Wed Oct 20 11:50:41 GMT 2010 Richard Davis, chairman, president and chief executive officer of US Bancorp. Photographer: Louis Lanzano/Bloomberg US Bancorp, the fifth-biggest US commercial bank by deposits, said third-quarter profit ...
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NYMEX-Crude up as dollar slips, inventories eyed
Reuters
NEW YORK, Oct 20 (Reuters) - US crude oil futures prices rose on Wednesday on a weaker dollar and as equities markets bounced a day after share and commodities prices were pressured after China raised interest rates to cool inflation in its booming ...
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