Archive for May, 2010

China Avoids Commitment to US on Currency

Monday, May 24th, 2010

China struck a conciliatory note on Monday by promising to spur its domestic demand at the opening of Sino-U.S. talks, but it avoided specific commitments, including on whether to allow its currency to appreciate.

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China Avoids Commitment to US on Currency

Google: It’s an Internet Titan. But Is That a Bad Thing?

Saturday, May 22nd, 2010

The Silicon Valley lawyer who almost single-handedly brought the antitrust weight of the government down on Microsoft is setting his crosshairs on a new target: Google.

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Google: It’s an Internet Titan. But Is That a Bad Thing?

Will Small Businesses Get Swept Into Financial Reform?

Saturday, May 22nd, 2010

The potential impact of financial reform on banks is obvious but many small businesses are worried about how it will affect them and their ability to extend credit to customers—or hedge against potential losses.

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Will Small Businesses Get Swept Into Financial Reform?

Bankers Get Knives Out for House-Senate Reform Panel

Friday, May 21st, 2010

Wall Street will brandish its loophole-carving knives next week as the U.S. Congress moves to a House-Senate conference on merging the two chambers’ sweeping bills to tighten financial regulation.

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Bankers Get Knives Out for House-Senate Reform Panel

Senate Approves Sweeping Wall Street Reform Bill

Thursday, May 20th, 2010

The Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.

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Senate Approves Sweeping Wall Street Reform Bill

Greek Unions Hold New General Strike Against Cuts

Thursday, May 20th, 2010

Unions plan to protest the painful austerity measures of Greece’s cash-strapped government by holding a general strike Thursday that will close much of the country’s public sector and shut down public transport.

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Greek Unions Hold New General Strike Against Cuts

Consumer Prices Fall in April; Core Inflation Subdued

Wednesday, May 19th, 2010

Consumer prices unexpectedly fell in April for the first time in a year, with the core annual rate recording its smallest gain since 1966.

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Consumer Prices Fall in April; Core Inflation Subdued

New Hedge Fund Rule to Hurt Smaller Players, Not Big Ones

Tuesday, May 18th, 2010

The latest push for greater regulatory scrutiny of hedge funds will likely be a boon to the biggest, most established hedge funds and a blow to smaller fund managers.

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New Hedge Fund Rule to Hurt Smaller Players, Not Big Ones

Warren Buffett Reveals What He Sold in the First Quarter

Monday, May 17th, 2010

Berkshire Hathaway sold a lot of stock during the first three months of the year, including more than 31 million shares of Kraft Foods. That sale follows his outspoken criticism of Kraft and its management for acquiring Cadbury’s.

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Warren Buffett Reveals What He Sold in the First Quarter

Euro Extends Slide, Hits 4-Year Low Vs Dollar

Sunday, May 16th, 2010

The euro extended its losses on Monday and hit a four-year low, hurt by persistent worries that harsh spending cuts mandated by a bailout plan may choke off a fragile recovery in the euro zone.

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Euro Extends Slide, Hits 4-Year Low Vs Dollar