Sat, 31 Jul 2010 02:41:47 +0530 Maverick Capital Management is not being probed by financial regulators who charged the hedge fund firm's co-founder Samuel Wyly with fraud less than 24 hours ago, a person familiar with the matter said on Friday.
Sat, 31 Jul 2010 02:18:51 +0530 U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
Sat, 31 Jul 2010 02:11:24 +0530 Deutsche Bank, RBS, Barclays Capital and BNP Paribas will share in fees estimated at nearly $100 million after helping shepherd EDF's $9 billion sale of British power networks to Hong Kong billionaire Li Ka-shing.
Sat, 31 Jul 2010 02:10:26 +0530 The White House blamed the second quarter slowdown in U.S. economic growth reported on Friday on "headwinds," including the debt crisis in Europe.
Sat, 31 Jul 2010 00:56:18 +0530 Spain's fiscal consolidation plan is ambitious but based on potentially optimistic economic projections and targets should be made more credible, the International Monetary Fund said on Friday.
Sat, 31 Jul 2010 00:02:04 +0530 Global stocks and the U.S. dollar slid on Friday as investors trimmed risk exposure on data showing the U.S. economy slowing a bit more than expected while other news suggested a slow, steady recovery.
Fri, 30 Jul 2010 23:51:24 +0530 U.S. President Barack Obama on Friday defended his decision to bail out General Motors and Chrysler, saying he had proven the naysayers wrong as he touted his economic policies ahead of the November congressional elections.
Fri, 30 Jul 2010 23:30:48 +0530 The pressure on Prudential chief Tidjane Thiam to quit in the wake of the insurer's failed bid for Asian rival AIA has eased, with big investors refusing to put their weight behind an attempt to remove him.
Fri, 30 Jul 2010 23:28:31 +0530 The adverse effects of currency intervention, as a recent foray by the Swiss National Bank (SNB) shows, may deter governments in major economies from entering into an increasingly losing game.
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