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Analysis: Big banks' glory days feared to be gone for good

Top Finance News - Wed, 07/25/2012 - 1:10am
The summer of 2012 may be remembered as the time when regulation, scandals and a protracted slow-growth economy finally caught up with big American banks. Ever since the financial crisis, U.S. banks and ...

NY Fed silent on Barclays' admission of Libor rigging: paper

Top Finance News - Wed, 07/25/2012 - 1:10am
Treasury Secretary Timothy Geithner, who was then head of the Federal Reserve Bank of New York, did not communicate in key meetings with top regulators that British bank Barclays had admitted to Fed staffers ...

China economy set for soft landing, needs more reform: IMF

Top Finance News - Wed, 07/25/2012 - 1:10am
China's economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance ...

Bailed-out banks still struggling to repay government

Top Finance News - Wed, 07/25/2012 - 1:10am
Hundreds of bailed-out banks are still struggling to repay taxpayers and will soon find it even harder to make required dividend payments to the Treasury, according to a report on Wednesday by the watchdog ...

Wall Street falls as Europe hits earnings; Apple falls

Top Finance News - Wed, 07/25/2012 - 12:00am
Wall Street stocks fell on Tuesday, hit by signs the euro zone crisis is worsening and evidence that Europe's slowdown is hurting U.S. companies, including bellwether UPS. The decline was the third straight ...

Insight: China's CNOOC scoped Nexen, partnered, then pounced

Top Finance News - Wed, 07/25/2012 - 12:00am
When Canada's Nexen Inc fired its CEO in January, an oil giant on the other side of the world sprang into action. Nexen had been on the wish list of Chinese state oil company CNOOC Ltd for five years. ...

Malaysia's IHH up 10 percent in debut of world's No.3 IPO

Top Finance News - Wed, 07/25/2012 - 12:00am
Asia's largest hospital operator IHH Healthcare Bhd jumped nearly 10 percent at its trading debut on Wednesday, as investors eager for exposure to the region's growing healthcare sector chased the world's ...

HBO nixes idea of Netflix partnership

Top Finance News - Wed, 07/25/2012 - 12:00am
Consumers who dream of watching HBO hits like "The Sopranos" or "Game of Thrones" by streaming to TVs using their Netflix accounts shouldn't hold their breath. Netflix Inc CEO Reed ...

Spain feels debt heat, Greece way off bailout terms

Top Finance News - Wed, 07/25/2012 - 12:00am
Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh ...

China growth to gain pace in H2-industry ministry

Top Finance News - Wed, 07/25/2012 - 12:00am
China's economic growth will likely pick up in the second half of 2012 as a raft of policies rolled out to boost economic activity gain traction, the Ministry of Industry and Information Technology said ...

Netflix cautious on subscriber growth, shares plunge

Top Finance News - Tue, 07/24/2012 - 9:50pm
Netflix Inc warned on Tuesday it may have trouble reaching its year-end target for new subscribers, an outlook that disappointed Wall Street and sent the video rental company's shares down nearly 16 percent. ...

Apple blames rare miss on new iPhone anticipation, economy

Top Finance News - Tue, 07/24/2012 - 8:45pm
Apple Inc's results fell short of Wall Street's expectations as the European economy sagged and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its ...

Knight nears compromise in Nasdaq-Facebook repayment plan-source

Top Finance News - Tue, 07/24/2012 - 7:35pm
Knight Capital Group is closer to accepting Nasdaq OMX Group's repayment plan for firms that lost money due to Facebook's bungled initial public offering, but still has some concerns, a source familiar ...

Apple has rare miss on pre-iPhone lull, global economy

Top Finance News - Tue, 07/24/2012 - 6:25pm
Apple Inc's results fell short of Wall Street's expectations as global economic growth slumped and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting ...

AT&T weaker business outlook dampens wireless strength

Top Finance News - Tue, 07/24/2012 - 6:25pm
AT&T Inc pulled back its outlook for business services this year, sending its shares down 3 percent despite its better than expected quarterly profit as it reduced costs from customer upgrades to smartphones ...

Apple claims $2.5 billion damages in Samsung patent case

Top Finance News - Tue, 07/24/2012 - 6:25pm
Apple Inc claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for technology used in smartphones and tablets, such as the iPhone and ...

Spain feels debt heat, Greece way off bailout terms

Top Finance News - Tue, 07/24/2012 - 6:25pm
Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh ...

Iraq blacklists Chevron for Kurdish oil deals

Top Finance News - Tue, 07/24/2012 - 6:25pm
Iraq hit out at Chevron Corp over its just-signed oil contract with Kurdistan, barring it from any oil agreements with the central government in a move meant to deter other companies from dealing directly ...

Netflix shares fall 14 percent as outlook disappoints

Top Finance News - Tue, 07/24/2012 - 6:25pm
Netflix Inc warned on Tuesday it may have trouble reaching its year-end target for new subscribers and will record a loss in the last three months of the year, sending the shares of the video rental company ...

Libor scandal makes it more costly for bankers to get insured

Top Finance News - Tue, 07/24/2012 - 6:25pm
Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover legal costs for people caught ...

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