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Analysis: Banks face valuation losses as Libor discarded

Top Finance News - Thu, 08/02/2012 - 6:50pm
Global banks are delaying what will be an inevitable shift to valuing unsecured derivative positions at market rates because it could hit their bottom lines, but new global prudential regulations next ...

BofA in talks with Fannie Mae on mortgage dispute: sources

Top Finance News - Thu, 08/02/2012 - 6:50pm
Bank of America Corp is in talks with Fannie Mae to resolve a dispute over bad mortgages that the government-controlled entity wants the No. 2 U.S. bank to buy back, sources familiar with the matter said ...

Most bank regulators dispute Greek stance on "virtual capital"

Top Finance News - Thu, 08/02/2012 - 6:50pm
European banks should face penalties if they loan cash for share issues by other banks, national regulators from across Europe told Reuters. This comes after a Greek bank was found to have raised money ...

LinkedIn Tops on Revenue, Shares Rise in After Hours

Top Finance News - Thu, 08/02/2012 - 5:25pm
LinkedIn reported better than expected revenue and profit in line with expectations after the market close on Thursday.

For Wall Street, Real Pain When the Fed Fails to Act

Top Finance News - Thu, 08/02/2012 - 3:55pm
A lack of new stimulus moves by the Fed and the ECB this week may now have a direct and painful impact on the chief source of revenue at investment banks on both sides of the Atlantic.

Facebook Shares Dip Below $20 for First Time

Top Finance News - Thu, 08/02/2012 - 3:55pm
Facebook shares dipped below $20 amid doubts about its growth prospects, recent executive departures, and the August 16 expiration of a lockup period on insiders' share sales.

Cybersecurity Bill Dies Under Weight of Partisan Bickering

Top Finance News - Thu, 08/02/2012 - 3:55pm
Partisanship kills a Senate bill that would have allowed private companies to share information with the government on cybersecurity threats to critical infrastructure.

Should You Ignore the Jobs Report?

Top Finance News - Thu, 08/02/2012 - 2:25pm
"People look at the BLS number and treat it with some kind of respect," says Charles Biderman, CEO of TrimTabs Investment Research. "All it is is a guess."

Stocks Sink on Draghi Disappointment

Top Finance News - Thu, 08/02/2012 - 2:25pm
The Dow and S&P 500 fell more than 1% on Thursday after European Central Bank President Mario Draghi disappointed investors hoping for immediate action to contain the euro zone debt crisis.

Mortgage Rates Rise, Ending Record Streak

Top Finance News - Thu, 08/02/2012 - 2:25pm
Rates on 30-year fixed mortgages climbed slightly higher this week, breaking a run that saw rates match or set new record lows for 13 out of the past 14 weeks.

Romney’s Economic Plan: Cut Taxes On The Rich, Raise Them On The Poor

Top Finance News - Thu, 08/02/2012 - 1:20pm
Regardless of what you think about Romney's tax priorities, it seems unlikely that his plan will help the struggling U.S. economy.

Buffett Railroad Beats Coal Slump With 75% Gain in Oil

Top Finance News - Thu, 08/02/2012 - 1:20pm
Warren Buffett's Burlington Northern Santa Fe railroad and Union Pacific are combating a drop in coal cargoes by catering to the needs of frackers.

ECB Provides a Little Breathing Space, but No More

Top Finance News - Thu, 08/02/2012 - 11:50am
The European Central Bank sent a clear signal that struggling countries must take responsibility for their finances.

Knight Capital’s Punishment: Free Market Justice at Its Best

Top Finance News - Thu, 08/02/2012 - 11:50am
Less than 24 hours after it's trading error Knight Capital as it existed on Tuesday has ceased to exist. There isn't a regulatory body on earth capable of meting out justice with such merciless efficiency.

Why Facebook Is Actually Worth More Than You Think

Top Finance News - Thu, 08/02/2012 - 11:50am
There is a lot of confusion about one very important metric for Facebook -- the number of shares of stock that are outstanding.

San Bernardino Files for Chapter 9 Bankruptcy

Top Finance News - Thu, 08/02/2012 - 11:50am
San Bernardino officials have filed an emergency petition for Chapter 9 bankruptcy in response to the $45.8 million budget deficit the city faces this year.

Bristol-Myers Exec Charged With Insider Trading

Top Finance News - Thu, 08/02/2012 - 11:50am
A Bristol-Myers Squibb executive has been charged with insider trading.

Should Minimum Wage Be Raised $10/Hour?

Top Finance News - Thu, 08/02/2012 - 10:55am
Dean Baker, co-director of the Center for Economic and Policy Research, says raising the country's minimum wage from $7.25 an hour to almost $10 would go a long way in stimulating consumer demand and jobs growth.

Stocks Slump With No Concrete Action in Europe

Top Finance News - Thu, 08/02/2012 - 10:55am
U.S. stocks are sliding after the European Central Bank failed to take any decisive action for solving the region's debt crisis.

Wal-Mart Ensures Customers' Voices Are Heard by Campaigns

Top Finance News - Thu, 08/02/2012 - 10:55am
America's biggest private employer is becoming more sophisticated in its dealings with government, co-sponsoring events with a range of advocacy groups.

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