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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: finance

finance stories: 78 news summaries

61 - 78 of 78 Stories | << Prev 1 2 3 4

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Wall Street, GOP Team Up on Tax Bill

Proposal would raise tax rate for  private-equity profits from 15% to 35%

Jun 28, 07 8:52 AM CDT
(Newser) - Wall Street stormed Washington yesterday, as more than 70 lobbyists for financial firms met with GOP lawmakers to organize opposition to a bill that would raise the tax rate on private-equity partners. The proposal would require managers at private partnerships to pay the normal income tax rate of up to... More »

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private equity • Wall Street • Republican • taxes • GOP • Henry Paulson • finance

SEC Opens Subprime Probe

Cox announces investigations into
CDOs in wake of
Bear Sterns tremors

Jun 27, 07 2:17 PM CDT
(Newser) - The feds are investigating the controversial bundles of financial services that have recently shaken the market and sparked a spate of leveraged buyouts, the Journal reports. SEC chief Christopher Cox told a congressional panel yesterday that "about 12 investigations" were under way into CDOs, shared debt packages reliant on... More »

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investigation • subprime mortgages • leveraged buyouts • Bear Stearns • finance • SEC • hedge fund • market • Christopher Cox • CDO

CPI Registers Spring Spike

Energy, food drive big May bump in consumer spending as core inflation stays cool

Jun 15, 07 11:06 AM CDT
(Newser) - The consumer price index jumped 0.7% in May, riding high energy prices to its second-biggest spike in 16 years. But the volatile food and energy sectors appeared not to disrupt the rest of the economy, MarketWatch reports. The core CPI, which excludes food and gas prices, rose only 0.... More »

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inflation • Ben Bernanke • Wall Street • Federal Reserve • Consumer Price Index • core inflation • finance • interest • US economy

Mortgage Trouble Rattles Wall Street

Bear Stearns, Goldman earnings reflect subprime bloodbath

Jun 14, 07 10:54 AM CDT
(Newser) - Bear Stearns posted a 10% drop in quarterly earnings today, the latest victim of the subprime collapse. The country's second-largest mortgage-bond underwriter posted profits well below expectations, down nearly 33% from last year to $362 million. Goldman Sachs escaped bruised but more-or-less unscathed, with profits up 1% on the strength... More »

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Goldman Sachs • subprime mortgages • business • Bear Stearns • earnings reports • finance • equity trading • US economy • investment banks

Dow Falls as Bond Yields Soar

Record high yields threaten higher mortgage rates

Jun 13, 07 7:13 AM CDT
(Newser) - US bond yields have hit a five year high—bringing the threat of higher interest rates, costlier home mortgages and a slowing economy, the Wall Street Journal reports. The benchmark 10-year Treasury note rose to 5.25 per cent yesterday. Rising bond yields echo throughout the economy, making stocks less... More »

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Dow Jones • stocks • money • trade • finance • bonds • US economy

Interest Rate Cut Triggers Panic in Iran

President goes over finance minister's head, ignites sell-off

May 25, 07 2:05 PM CDT
(Newser) - Iran's erratic president has set off a stock market scare by ordering banks to slash interest rates, despite high inflation and lots of expert advice to the contrary. The move sparked panicked selling and fears of a full-blown financial crisis, the Guardian reports. The new decreed rate is 12%, down... More »

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Iran • stock market • Mahmoud Ahmadinejad • finance • bank • US economy • interest rate • interest rate cut

China Deals
on Finance,
Skips Currency

US-China talks bring good news for securities firms, but no yuan reform

May 23, 07 4:59 PM CDT
(Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows... More »

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China • currency • Henry Paulson • Wu Yi • finance • reform • stock • yuan • US economy

Hedge Funds Skip Riskier Gambles

Returns are down
as more cautious investors hold sway

May 22, 07 11:52 AM CDT
(Newser) - Are hedge funds going soft? The swashbuckling industry has long been known for its high-risk, high-rewards MO, but returns are down, on average trailing the S&P 500 last year. The reason, BusinessWeek suggests, may be that alternative investments are no longer so alternative. And other non-traditional investments, like private... More »

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private equity • money • investments • finance • hedge fund

Reuters, Thomson Seal the Deal

May 15, 07 8:25 AM CDT
(Newser) - Reuters and Thomson have settled on the terms of the $17.24 billion merger announced last week, sounding the starting bell for a longer-than-usual regulatory review, the Journal reports. Reuters head Tom Glocer will become CEO of the new Thomson-Reuters, which combines the second- and third-largest providers of financial data... More »

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Reuters • Tom Glocer • Thomson • merger • business • finance • Thomson Reuters

Murdoch Muses On Plans for The Journal

“I’m sometimes frustrated by the long stories," would-be owner says

May 4, 07 8:39 AM CDT
(Newser) - Rubert Murdoch sometimes finds Wall Street Journal stories a little long. He'd like to see more politics on the editorial page, and to launch a glossy magazine for the Saturday edition. The Aussie tycoon wasn't shy about sharing plans for the paper, should he succeed in buying parent company Dow... More »

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Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • business • money • finance • News Corp

Loan Giant Sallie Mae Goes Private

Nation's largest student lender is
sold for $25 billion

Apr 17, 07 8:37 AM CDT
(Newser) - A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and... More »

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private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

Inside the Citadel: Hedge Fund Giant
Mulls IPO

Founder Ken Griffin gets cozy with Portfolio

Apr 16, 07 10:39 AM CDT
(Newser) - Portfolio magazine debuts with a look inside Citadel Investment Group, the $13.5 billion Chicago hedge fund that's even more press-shy than most of its brethren. A rare chat with founder Ken Griffin reveals that he's thinking of taking Citadel public —which the magazine notes could be the biggest... More »

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investing • Chicago • Ken Griffin • business • finance • IPO • Citadel • hedge fund

Stocks Swing on CEO House Size

Apr 13, 07 1:55 PM CDT
(Newser) - Don't buy stock in a company whose CEO lives in a huge house, a new study says.  CEOs who move into regular-sized digs —5,600 square feet for the typical company head — see their company's stock jump an average 6% the following year. Those who go palatial... More »

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investing • stock market • executive compensation • business • stocks • finance • shares

Citigroup Cuts 17,000 Jobs

Investors demanded downsizing; now the pressure's on raising revenue

Apr 12, 07 9:47 AM CDT
(Newser) - Citigroup will cut 17,000 jobs in an attempt to close the gap between its revenue, up 7% last year, and its expenses, up 15%. The two-year cost-cutting plan comes after shareholders demanded major changes, but analysts agree that lowering expenses is only the first step. Upping revenue is the... More »

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Citigroup • layoffs • cost cutting • business • finance

Nasdaq Options Philly Mart

Eyes exchanges options business

Apr 11, 07 3:59 PM CDT
(Newser) - The tech-heavy Nasdaq exchange is looking to expand into the options-trading market, and it's in talks with the Philadelphia Stock Exchange about a possible merger. Nasdaq's bid to buy the third-largest options trading exchange, valued at up to $300 million, comes as a number of bigger exchanges are on the... More »

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stock market • London • NASDAQ • Philadelphia Stock Exchange • merger • business • stocks • finance • London Stock Exchange • Philadelphia

Tax Code Spurs Llamapalooza

The upper crust is using alpaca farming as a huge tax write-off

Apr 5, 07 9:29 AM CDT
(Newser) - Some very ulikely agrarians—doctors, lawyers, computer programmers—have spurred a huge boom in alpaca farming in the last few years, not for the profits, of which there are rarely any, but for the huge tax write-offs. "What can't I write off?" Manhattanite Rob Bruce says. "I write... More »

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taxes • farming • business • money • finance • alpaca • write off • income

Sloan Reviews
the Blackstone IPO Filing

Not quite financial porn, but some revealing moments

Mar 26, 07 7:50 AM CDT
(Newser) -  The IPO filing for the notoriously secretive Blackstone Group wasn't the tell-all Wall Street watchers had hoped for, says Newsweek’s Wall Street editor Allan Sloan, who searched in vain for how big a stake is held by the private equity partnership's  two Mr. Bigs, Steve Schwarzman and Pete... More »

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Wall Street • Blackstone Group • Steve Schwarzman • finance • IPO • Pete Peterson

Financial Action Flees
to London

Goldman Sachs is now doing as much business abroad as on Wall Street

Mar 20, 07 7:24 AM CDT
(Newser) - Wall Street’s position as the center of the financial universe—unchallenged for more than a century—is under serious threat from the City of London, according to John Gapper. London is catching up with Gotham in bond trading, already ahead in derivatives and the place to be for really... More »

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investing • international trade • Wall Street • London • New York City • Goldman Sachs • business • finance

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