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Business News
Reuters - Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems.
AP - Emdeon Corp., which provides financial and clinical services to the health care industry, said Tuesday its third-quarter loss widened on higher expenses and a boost in income tax costs.
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.
AP - Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acquitted Tuesday of lying to investors — a defeat in the government's bid to punish fraud exposed by the financial crisis.
Reuters - In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of "guanxi."
Reuters - U.S. stocks closed mostly lower
AP - Wal-Mart Stores Inc., the world's largest retailer, reports its third-quarter earnings on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Reuters - American Express Co said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.
Reuters - Toronto's main stock index extended its fall at midday on Tuesday as weak commodity prices weighed on energy and mining shares, and investors opted to pocket profits after a solid five-day market rally.
Google recently introduced an interesting technology called sidewiki. The tool allows you and everyone else on the internet to craft and maintain annotations about web pages each sidewiki entry is associated with through the use of simple-to-use browser plugin or related tools. How could this possibly relate to security? Pages could be marked by people [...]
It’s Monday morning. I love Monday morning. What I love about it is that, it signals a new kind of challenge for a self driven guy like me. When the world shy away from Monday, I am drawn into it. – HHHmmm not really – Perhaps it’s just for the love of new things that [...]
Reuters - World stocks raced to fresh nine-month highs and oil rallied on Monday as a recent run of strong corporate earnings and anticipation for more boosted optimism for a recovery in the global economy.
Reuters - Health insurer Aetna Inc is looking to sell its pharmacy benefits management (PBM) business, the Wall Street Journal said, citing several people familiar with the matter.
Reuters - Irish airline Ryanair on Monday posted a better-than-expected 550 percent rise in first quarter profit thanks to a large reduction in fuel costs but said its outlook remained cautious for the rest of the year.
Reuters - The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday.
Reuters - A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector.
Reuters - The average price of a gallon of gasoline in the United States fell again over the last two weeks, but prices seem to be bottoming out, an industry analyst said.
Reuters - Many real estate investment trusts (REITs) spent the first quarter avoiding a financial funeral, but when they report second-quarter earnings in the next weeks, some may be feeling a new sense of longevity.
AP - Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke staked out opposing sides Friday in a turf war over who should protect Americans from shady mortgage lending, abusive credit card fees, payday loans and other high-cost or risky financial products.
Reuters - The Nasdaq fell on Friday, halting a 12-day run-up, following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares lifted the Dow and the S&P 500 to fresh 8-month closing highs.
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