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Euro-Zone PMI Signals Further Contraction in July

Top Finance News - Fri, 08/03/2012 - 6:25am
Private sector activity in the 17-nation euro zone continued to contract at a rapid pace in July, the Markit composite purchasing managers' index indicated.

Weak U.S. Hiring Expected for Fourth Straight Month

Top Finance News - Fri, 08/03/2012 - 6:25am
U.S. hiring was likely sluggish in July for a fourth straight month, held back by slower economic growth and an uncertain outlook.

China Landlords Push Urban Rents Higher

Top Finance News - Fri, 08/03/2012 - 6:25am
Tenants in Beijing, Shenzhen and other Chinese cities are paying a heavy price for a missing element in government policy.

How an Act of Congress Killed Off the U.S. Gold Market

Top Finance News - Fri, 08/03/2012 - 6:25am
When President Abraham Lincoln acted in December 1861 to suspend the national gold standard --- the legal right to convert paper money into gold coin -- he wasn't trying to start a fight.

Swiss seek U.S. tax deal by year-end, but not at any price: paper

Top Finance News - Fri, 08/03/2012 - 3:45am
The Swiss government still wants to settle a long-simmering dispute with U.S. justice officials over undeclared funds stowed in Swiss offshore funds by year-end, though not "at any price," Switzerland's ...

JPMorgan's "London Whale" was prodded to boost valuations: WSJ

Top Finance News - Fri, 08/03/2012 - 3:45am
JPMorgan Chase concluded that a trader nicknamed "London whale" was urged by his boss to put higher values on some positions than they might have fetched in the open market at the time, the Wall ...

Shares, euro fall as ECB delays action

Top Finance News - Fri, 08/03/2012 - 2:40am
Asian shares and the euro fell on Friday as investors shunned risk after the European Central Bank took no immediate action and only hinted at future steps to tackle the euro zone's fiscal woes, following ...

Jobs seen weak in July, may help push Fed to act

Top Finance News - Fri, 08/03/2012 - 1:15am
U.S. employment probably only inched up in July as the economy struggled to regain momentum, strengthening expectations of additional monetary stimulus from the Federal Reserve. Nonfarm payrolls likely ...

ECB signals may buy euro zone bonds

Top Finance News - Fri, 08/03/2012 - 1:15am
The European Central Bank indicated on Thursday it may again start buying government bonds to reduce crippling Spanish and Italian borrowing costs but the conditions it set and the dissenting voice of ...

Pennsylvania Enacts New Tax Law Changes

Tax Publications - Fri, 08/03/2012 - 12:00am

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Analysis: Knight trading loss shows cracks in equity markets

Top Finance News - Thu, 08/02/2012 - 11:00pm
The software glitch that cost Knight Capital Group $440 million in just 45 minutes reveals the deep fault lines in stock markets that are increasingly dominated by sophisticated high-speed trading systems. ...

Apple seeks severe punishment for Samsung lawyer's actions

Top Finance News - Thu, 08/02/2012 - 11:00pm
Apple Inc asked a U.S. judge on Thursday to punish Samsung Electronics Co Ltd for a Samsung attorney's conduct by ordering that the South Korean company has infringed Apple's phone design patents, according ...

Renault to boost Brazilian motor output, wary of costs

Top Finance News - Thu, 08/02/2012 - 11:00pm
French automaker Renault SA said it plans to expand the capacity of its Brazilian motor plant by 25 percent by 2013, extending a string of recent investments despite concerns about rising costs in Latin ...

Knight's future in balance after trading disaster

Top Finance News - Thu, 08/02/2012 - 9:55pm
Knight Capital Group Inc fought for survival on Thursday after a $440 million trading loss caused by a software glitch wiped out much of its capital, forcing Knight to seek new funding as its shares plunged ...

Exclusive: Verizon Wireless spectrum deal in for tough remedy

Top Finance News - Thu, 08/02/2012 - 8:00pm
Verizon Wireless may need to agree to tough conditions to win approval for its deals to buy spectrum from cable companies and market each others' products, according to three sources knowledgeable about ...

RBS braced for questions on Libor involvement

Top Finance News - Thu, 08/02/2012 - 8:00pm
British bank RBS faces questions over the extent of its involvement in a global interest rate rigging scandal when it publishes first half results on Friday that will detail the cost of a disastrous IT ...

AIG second-quarter profit rises, insurance units all gain

Top Finance News - Thu, 08/02/2012 - 6:50pm
American International Group Inc reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company's varied insurance businesses. ...

ECB signals may buy euro zone bonds

Top Finance News - Thu, 08/02/2012 - 6:50pm
The European Central Bank indicated on Thursday it may again start buying government bonds to reduce crippling Spanish and Italian borrowing costs but the conditions it set and the dissenting voice of ...

Apple seeks severe punishment for Samsung lawyer's actions

Top Finance News - Thu, 08/02/2012 - 6:50pm
Apple Inc asked a U.S. judge on Thursday to punish Samsung Electronics Co Ltd for a Samsung attorney's conduct by ordering that the South Korean company has infringed Apple's phone design patents, according ...

RIM to launch new PlayBook line next week

Top Finance News - Thu, 08/02/2012 - 6:50pm
Canada's Research In Motion has chosen its home country to launch a PlayBook tablet with built-in support for cellular networks, a crucial feature missing from its poor-selling initial models. The BlackBerry ...

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