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Obama calls for new regulations

President Obama said an overhaul of the US financial regulatory system is necessary to prevent another market crisis and provide investors and compan[...] read more »
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Citi Cost-Cutters Skip Offices, Staff for Ex-CEOs Prince, Reed

Looking for Charles O. “Chuck” Prince, ousted 15 months ago as Citigroup Inc.’s chief executive officer? Just call his extension at the bank, which still pays for his office and secretary in Midtown Manhattan. read more »
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Buffett to buy $250M Tiffany debt

Warren Buffett's Berkshire Hathaway Inc. has agreed to buy $250 million of debt from luxury jewelry maker Tiffany & Co., the latest in a string of high-yielding investments by the billionaire investor. read more »
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Will Gold Go to $1,000?

Gold is once again flirting with the $1,000-an-ounce level, as investors leery about the economic rescue plan flocked to "safe haven" investments this week. Gold futures ended the day near $950, the highest level in seven months. read more »
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Surprise rise in US retail sales

The US Commerce Department in Washing today revealed some good news for the world’s largest economy after it revealed a 1% increase in retail sales in January - the rise was the first in seven months. read more »
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Cash buyers scent rich pickings in property

Cash-rich homebuyers are returning to the fray because they suspect that prices could be close to their lowest point, although weakness could persist for years. read more »
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Opening a door to the U.S. market

Wellington Financial announced earlier today that we have opened the lending door to U.S.-based companies. With the signing of a specific CDA/US tax treaty, Canadian-based specialty finance firms can now successfuly compete for cross-border lending. read more »
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China’s Economy Shows Signs of Recovery on Stimulus

China’s economy is showing signs that a 4 trillion yuan ($585 billion) stimulus package is taking effect. The world’s third-biggest economy may expand 6.6 percent in the second quarter after slowing to 6.3 percent in the three months to March 31. read more »
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How the Crash Will Reshape America

The crash of 2008 continues to reverberate loudly nationwide—destroying jobs, bankrupting businesses, and displacing homeowners. But already, it has damaged some places much more severely than others. read more »
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Bankers Grilled Before House Finance Committee on TARP Funds

House Financial Services Committee members called on the chief executive officers of the eight banks that received funds from the Troubled Asset Relief Program (TARP) to give a clear accounting of how the funds were used. read more »
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Big Lessons in Finance From a Little Bank You've Never Heard Of

Hunkered-down executives and hyperactive traders were more than a little disappointed with what they heard from our straight-shooting new Treasury secretary as he unveiled his plans for Bank Bailout 2.0. read more »
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Geithner's plan falls flat

Treasury Secretary Tim Geithner failed Tuesday to persuade Wall Street that he will succeed where his predecessor Henry Paulson failed. read more »
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US Senate approves stimulus plan

The US Senate has passed an economic stimulus plan expected to cost some $838bn (£573bn). The Democratic-controlled Senate voted 61-37 to approve the measure, with few Republicans opting to back it. read more »
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BMW 2008 Sales Declined 5%

German carmaker BMW said Friday that 2008 sales fell 5% to 53.2 billion euros but said that fiscal-year earnings will be positive. "Business conditions for the automobile sector deteriorated sharply again in the fourth quarter 2008," BMW said. read more »
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CEO pay cuts: Not just for banks

The new federal rules limiting executive compensation announced by President Obama Wednesday may affect only a handful of the nation's most battered financial institutions currently. read more »
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