Tuesday, December 7, 2010

Google Alert - finance

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Facing frustration from Democrats, Obama defends tax cuts deal
Washington Post
By Scott Wilson, Felicia Sonmez and David A. Fahrenthold A defensive President Obama cast himself Tuesday as the guardian of middle-class Americans and the unemployed, saying sharply that striking a deal with Senate Republicans over the Bush-era tax ...
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BofA Pays $137 Million to Settle Bid-Rigging Charges
New York Times
By BEN PROTESS Bank of America agreed on Tuesday to pay federal and state authorities $137 million to settle charges that its securities group helped rig bids on municipal bond contracts, according to the Securities and Exchange Commission. ...
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Job Openings Increased in October
Wall Street Journal
By JUSTIN LAHART In a sign that more US companies are poised to step up hiring, firms had the largest number of job openings in October since before the 2008 financial crisis. But hiring remained subdued. There were 3.36 million job openings at the end ...
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Consumer Credit in US Increased in October for Second Month
Bloomberg
By Vincent Del Giudice - Tue Dec 07 20:08:22 GMT 2010 Consumer borrowing in the US unexpectedly rose in October for a second straight month, led by an increase in non-revolving credit, including student loans held by the federal government. ...
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European Ministers Hold Off on Changes to Bailout Aid
New York Times
By STEPHEN CASTLE BRUSSELS — Fighting to support the euro amid continuing market uncertainty, European finance ministers played for time Tuesday, making no pledge to increase their backstop fund for the currency and hinting that Portugal might need to ...
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Treasury May Worsen Citigroup Stock-Trading Slump: Chart of Day
Bloomberg
By David Wilson - Tue Dec 07 16:38:05 GMT 2010 The US Treasury Department's sale of its remaining common shares in Citigroup Inc. may exacerbate a slowdown in the stock's trading during the past few months. The CHART OF THE DAY shows the number of ...
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Half of Americans Say Housing Recovery at Least Two Years Away
Bloomberg
By Dan Levy - Tue Dec 07 19:41:53 GMT 2010 A "For Sale" sign sits outside a home in Raleigh, North Carolina. Photographer: Jim R. Bounds/Bloomberg Almost six in 10 US adults say a housing recovery is at least two years away, and more than a third say ...
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Delta Air's Customer-Service Agents Reject IAM Union
BusinessWeek
By Mary Jane Credeur Dec. 7 (Bloomberg) -- Customer-service and reservation agents at Delta Air Lines Inc. rejected unionization, becoming the eighth group to do so after Delta bought Northwest Airlines. Of the 12518 people who cast ballots, 8746, ...
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Asia Day Ahead: U.S. Sells Citigroup Stake; Assange Denied Bail
Bloomberg
By Tim Smith - Tue Dec 07 20:08:16 GMT 2010 Stocks rallied, sending the Standard & Poor's 500 Index to the highest level since September 2008, while Treasuries fell after President Barack Obama agreed to extend tax cuts. Copper rose to a record in ...
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US Stocks Pare Gains After S&P 500 Rallies to Two-Year High
BusinessWeek
By Michael P. Regan Dec. 7 (Bloomberg) -- US stocks pared gains after an earlier rally took the Standard & Poor's 500 Index to its highest level in more than two years. The S&P 500 rose 0.1 percent to 1224.54 at 3:20 pm in New York after earlier ...
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