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Chicago Breaking News (Free subscription) | 07/11/2009
The Tribune's Clout Street blog reports: Former Chicago city inspector general David Hoffman today proposed reforms of the financial industry, including creation of a consumer watchdog agency and curbs on interest rates. But he misfired when he used that message to take a shot at a Feb. 2 rival for the Democratic U.S. Senate nomination. Hoffman vowed to stand up to banking interests fighting regulatory...
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Jim Hamilton’s World of Securities (Free subscription) | yesterday
SEC Commissioner Pushes Back on Bachus FINRA Amendment to House Legislation SEC Commissioner Luis Aquilar is deeply troubled by an amendment to the House Investor Protection Act that would transfer oversight of a substantial number of investment advisers from the SEC to an industry self-regulator, FINRA, which he describes as outsourcing regulatory responsibility from the SEC. In remarks at the Institute...
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FelixSalmon.com (Free subscription) | 07/11/2009
I'm late to Sam Jones's article about investors who did due diligence on Galleon and decided to stay away, but I think it raises a number of silly ideas which ought to be put to rest. First, it's worth noting that, ex post, this kind of exercise can be done on any hedge fund. The vast majority of hedge-fund investors, and all big ones, do some kind of due diligence before investing in a fund. There's...
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PR News Wire (Free subscription) | 07/11/2009
LOS ANGELES, Nov. 7 /PRNewswire/ -- Today, United Way of Greater Los Angeles hosted the 3rd Annual HomeWalk to end homelessness, a 5k walk commencing in Exposition Park. With nearly 50,000 homeless men and women in Los Angeles County, nearly one-quarter of which are chronically homeless, United Way and its partners are working to drive community awareness and action as part of its year-round campaign...
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Calculated Risk (Free subscription) | 07/11/2009
From the LA Times: United Commercial Bank is shut down, sold to East West Bancorp Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators Friday night ... United Commercial's collapse may cause a greater-than-usual stir because a year ago the federal government invested $299 million in bailout funds in the bank in exchange for preferred...
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PR News Wire (Free subscription) | 07/11/2009
SACRAMENTO, Calif., Nov. 6 /PRNewswire-USNewswire/ -- As part of the government's efforts to encourage people to spend money to help revive the economy, the House voted 403-12 Thursday to expand a popular tax credit for homebuyers. The bill, which also extends unemployment benefits and expands a tax break for money-losing businesses, was signed on Friday by President Obama.
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PR News Wire (Free subscription) | 07/11/2009
Push by credit card companies will increase interest rates to more than 30 percent, cut credit limits, and add new fees, even for customers who pay their bills on time
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Business Wire (Free subscription) | 06/11/2009
NEWARK, Del.--(BUSINESS WIRE)--PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at...
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PR News Wire (Free subscription) | 06/11/2009
Board of Trade Concerned for Workforce Health and Economic Implications
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PR News Wire (Free subscription) | 06/11/2009
MONTVALE, N.J., Nov. 6 /PRNewswire/ -- While many economists are stating that the recession is officially over, no one doubts that the impact of billions of dollars in lost wealth will be felt by consumers for years to come. In an era where the days of "more, more, more" have become "less, less, less," it's more important than ever for companies to manage their brands in a way that...
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PR News Wire (Free subscription) | 06/11/2009
House Health Bill Will Drive Unemployment Higher Says Small Business Group
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PR News Wire (Free subscription) | 06/11/2009
CHARLESTON, S.C., Nov. 6 /PRNewswire-USNewswire/ -- The 'Help is Here Express' bus tour will be stopping in South Carolina and Georgia throughout the week of November 9-13 at various cities in order to help uninsured and financially-struggling patients access information on programs that provide prescription medicines for free or nearly free. With the nation's unemployment rate now hitting 10.2 percent,...
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Gaming Rover - The News You Want (Free subscription) | 06/11/2009
Namco Bandai has reported a net loss of ¥6.04 billion ($66.7 million) for the first half of its fiscal year, which began in April. During the same period last year, the company posted a net income of ¥1.28 billion ($14.14 million). Despite this year's first-half hiccup, the publisher still expects to earn ¥8.5 billion ($93.6 million) in net income by the end of its fiscal year (ending...
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