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AIG executive resigns over pay limits - Yahoo! NewsA top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration's pay czar, the insurer said on Wednesday. Anastasia Kelly, AIG's vice chairman for legal, human resources, corporate affairs and corporate communications, resigned ...
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2 days ago
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Naked access now 38 percent of U.S. trading: report | ReutersA report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown. Naked access gives trading firms, using brokers' licenses, ...
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2 weeks ago
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Exclusive: IRS hires hundreds for new wealth unit | ReutersA new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the ...
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2 weeks ago
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Op-Ed: Numbers, not shouting, overwhelm health care debate - Yahoo! NewsWe have the best medical professionals in the world, but fewer and fewer Americans can afford to pay for the care they can provide. The trends indicate that problem will get much worse. About 17 percent of our $14 trillion dollar economy is dedicated to health care. We pay more for health care ...
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3 weeks ago
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Obama packs political punch into economic speech - Yahoo! NewsU.S. President Barack Obama packed an economic speech with a political punch on Tuesday, blaming Republicans for creating high deficits, mismanaging bank bailouts and obstructing efforts to reform healthcare. Obama, a Democrat, announced new measures to spur job growth, but he spent a good ...
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3 weeks ago
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CME to launch CDS clearing house, signs 8 big banksCME to launch CDS clearing house, signs 8 big banks (Rewrites first paragraph, adds analyst comments, details) NEW YORK/CHICAGO (Reuters) - CME Group Inc, the world's largest derivatives exchange, said on Thursday it plans to launch a clearing house for the $26 trillion credit default swap ...
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4 weeks ago
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N. Korea's first designer jeans on sale in Sweden - Yahoo! NewsDesigner jeans labeled "Made in North Korea" will go on sale this Friday at a trendy department store in the Swedish capital, marking a first foray into Western fashion for the reclusive communist state. The jeans, marketed under the "Noko" brand, carry a price tag of 1,500 Swedish crowns ...
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4 weeks ago
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Somali sea gangs lure investors at pirate lair - Yahoo! NewsIn Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate. Heavily armed pirates from the lawless Horn of Africa nation have terrorised shipping lanes in the Indian Ocean and ...
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4 weeks ago
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Carbon will mature as inflation hedge | Green Business | ReutersCarbon will mature as inflation hedge By Nina Chestney LONDON (Reuters) - The $126 billion global carbon market will mature so that investors will use it as a hedge against equities and inflation, Bache Commodities Ltd.'s emissions trading head told Reuters in an interview. Crude oil or ...
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5 weeks ago
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eBay for millionairres launches with 26,000 multi-millionaire clientsMillionaires down on their luck now have a place to sell their mega-yachts, super-cars and family jewels without having to resort to the pawn shop. An Internet auction site devoted to millionaires launches officially on Monday and is likely to profit from the worst recession in decades, which ...
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7 weeks ago
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