Archive for November, 2011

Turkey Farmers Lose Out on Thanksgiving Rally

Thursday, November 24th, 2011

Near-record prices for Thanksgiving turkeys may do little to boost profit for some U.S. producers after a surge in spending on feed grain.

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Citi, BofA May Curb Dividend Hikes, Buybacks

Thursday, November 24th, 2011

Toughened capital tests imposed on the 31 biggest U.S. banks by the Federal Reserve may force some to postpone returning more capital to shareholders

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SEC Examines Internal Watchdog’s Radio Interview

Thursday, November 24th, 2011

The U.S. Securities and Exchange Commission is scrutinizing comments made by Inspector General H. David Kotz on a paid radio program that markets retirement products

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BOE’s Miles Sees Risk a Nation Will Quit Euro as Crisis Endures

Thursday, November 24th, 2011

Bank of England policy maker David Miles said there’s a risk a country may leave the 17-nation euro area and that the threat from the region’s crisis has increased uncertainty about the outlook for the U.K. economy.

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UBS Investing $506 Million in Sura After ING Asset Purchase

Thursday, November 24th, 2011

UBS AG, Switzerland’s biggest bank, invested $506 million in Grupo de Inversiones Suramericana SA, helping the Medellin-based company raise funds to pay for its purchase of Latin American assets from ING Groep NV.

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SKS to Add Financial Services to Microfinance as Founder Quits

Thursday, November 24th, 2011

SKS Microfinance Ltd., an Indian lender to the poor backed by Sequoia Capital, plans to branch out into financial services including life insurance targeting the country’s rural regions after its founder quit.

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China Signals Growth Concern in Rural Credit Boost: Economy

Thursday, November 24th, 2011

China widened efforts to support cash-strapped companies in Zhejiang and rural areas hit by a credit squeeze that’s slowing the second-largest economy just as Europe’s debt crisis saps export demand.

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The People vs. Private Equity

Thursday, November 24th, 2011

Pension funds have always had all the money. So why did it take them so long to take control?

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‘Supercommittee’? Superbad

Thursday, November 24th, 2011

Washington fails yet again to reduce the deficit. This time only one party bears the blame

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Credit easing plans ‘must go beyond the banks’

Thursday, November 24th, 2011

The British Chambers of Commerce and London Stock Exchange (LSE) have thrown their weight behind calls for George Osborne to use ‘credit easing’ to bypass the banks and stimulate a “wave of retail investment” in small firms.

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