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Greek leaders agree bulk of austerity cuts: source

Top Finance News - Sun, 07/29/2012 - 5:55am
Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, ...

Credit Suisse scales back Mideast private banking research: sources

Top Finance News - Sun, 07/29/2012 - 5:55am
Credit Suisse has moved the head of its Middle East private banking equity research division to Geneva, two sources told Reuters on Sunday, the latest European bank to scale back research roles in the ...

Data of 8.7 million KT subscribers hacked in South Korea

Top Finance News - Sun, 07/29/2012 - 1:00am
KT Corp., South Korea's No. 2 wireless service provider, apologized on Sunday after personal data of millions of mobile phone subscribers was hacked. It is the latest in a string of large-scale personal ...

Italy business lobby sees urgent need for euro bank union

Top Finance News - Sat, 07/28/2012 - 1:10pm
Italy's biggest business lobby called on Saturday for quick implementation of a European Union summit decision last month to create a banking union, as credit in Italy and other peripheral euro-zone countries ...

SEC alleges insider trading ahead of CNOOC-Nexen deal

Top Finance News - Sat, 07/28/2012 - 5:25am
The U.S. securities regulator filed a complaint in court on Friday against a firm controlled by a Chinese billionaire and other traders, accusing them of making over $13 million from insider trading ahead ...

Insight: At least three banks seen central to Libor rigging

Top Finance News - Sat, 07/28/2012 - 4:00am
New details from court documents and sources close to the Libor scandal investigation suggest that groups of traders working at three major European banks were heavily involved in rigging global benchmark ...

Reliance may invest nearly $1 billion in aerospace business: paper

Top Finance News - Sat, 07/28/2012 - 4:00am
Reliance Industries , India's third-most valuable company, is expected to invest close to $1 billion over the next few years in its aerospace division, the Economic Times reported on Saturday, citing unnamed ...

BHP Billiton likely to delay Olympic Dam $30b expansion decision: report

Top Finance News - Sat, 07/28/2012 - 4:00am
BHP Billiton is likely to delay a decision on a $30 billion proposed expansion of the Olympic dam mine in South Australia, a newspaper said, months after it scrapped a capital spending plan citing tough ...

Apple, Samsung take patent fight to crucial California trial

Top Finance News - Sat, 07/28/2012 - 12:45am
Apple Inc and Samsung Electronics Co Ltd take their battle for mobile supremacy to court on Monday in one of the biggest-ever technology patent trials, a case with the potential to reshape a fast-evolving ...

Apple pondered strategic investment in Twitter: NYT

Top Finance News - Sat, 07/28/2012 - 12:45am
Apple Inc held discussions in recent months about possibly investing hundreds of millions of dollars in Twitter to gain a social networking presence, the New York Times on Friday, cited people briefed ...

Bernanke, Geithner response to Libor scandal rings hollow

Top Finance News - Fri, 07/27/2012 - 8:55pm
Ben Bernanke heads the most powerful central bank in the world. Yet the Federal Reserve chairman says he was largely powerless to stop what some are calling the biggest financial fraud in history: the ...

Apple, Samsung take patent fight to crucial California trial

Top Finance News - Fri, 07/27/2012 - 6:35pm
Apple Inc and Samsung Electronics Co Ltd take their battle for mobile supremacy to court on Monday in one of the biggest-ever technology patent trials, a case with the potential to reshape a fast-evolving ...

Exclusive: Huff Post executive Lauren Kapp to exit after just three months

Top Finance News - Fri, 07/27/2012 - 6:35pm
Lauren Kapp, one of Arianna Huffington's key advisors at the Huffington Post Media Group, is leaving the company, effective August 1. She is leaving for personal reasons, an AOL spokeswoman confirmed. ...

JPMorgan creates more management checks and balances

Top Finance News - Fri, 07/27/2012 - 6:35pm
JPMorgan Chase & Co Chief Executive Jamie Dimon reshuffled his management team, in a step that analysts see as creating more checks and balances in the upper ranks after the bank suffered from embarrassing ...

Wall Street Week Ahead: Rolling out red carpet for central bankers

Top Finance News - Fri, 07/27/2012 - 6:35pm
Stocks took off at the end of the week, drawn by the allure of a helping hand from the world's two most powerful central banks. Traders are unlikely to resist those charms again next week. The U.S. Federal ...

Facebook's value slides by $10 billion; outlook unclear

Top Finance News - Fri, 07/27/2012 - 6:35pm
Investors wiped $10 billion off the value of Facebook Inc on Friday, taking the recently listed shares to a new low, after the social network offered no forecast and analysts said mobile investments would ...

Exclusive: Carlyle, CVC, TPG weigh final bids for Getty

Top Finance News - Fri, 07/27/2012 - 6:35pm
Three private equity firms, including Carlyle Group LP and CVC Capital Partners , are weighing final bids for Getty Images, as the auction of the digital media company enters its last leg, according to ...

Petronas raises Progress Energy offer after rival bid

Top Finance News - Fri, 07/27/2012 - 6:35pm
Progress Energy Resources Corp said Malaysia's state oil company Petronas has agreed to raise its offer to buy the Canadian natural gas producer by 8 percent after Progress received an unsolicited proposal ...

Analysis: Buffett's ResCap bid gives him bond upside too

Top Finance News - Fri, 07/27/2012 - 6:35pm
Warren Buffett's Berkshire Hathaway is bidding on a bankrupt mortgage lender that it may not want, in what some investors and observers view as an effort to make more money on Berkshire's stake in the ...

GDP Goes from Tragedy to Farce: Demos’ Daly

Top Finance News - Fri, 07/27/2012 - 4:00pm
Lew Daly of the liberal think tank Demos explains why GDP is an incomplete data point.

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