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HONG KONG -- A Hong Kong judge on Friday sentenced former Morgan Stanley banker Du Jun to seven years in prison and fined him 23.3 million Hong Kong dollars ($3 million) after he was convicted of insider dealing last week.
Sept. 18 (Bloomberg) -- Lloyds Banking Group Plc, the UK's biggest mortgage lender, is in discussions with the Treasury over possible alternatives to entering into a program to insure 260 billion pounds of risky assets.
guardian.co.uk - 46 minutes ago
It has already made untold profits from web search advertising, making scores of millionaires and turning its founders into some of the richest people in the world.
Wall Street Journal - 24 minutes ago
SHANGHAI (Dow Jones)--Investors took profit in steel companies and financial companies Friday as the benchmark index neared a strong technical resistance, sending China's shares sharply lower after rising to a five-week closing high Thursday.
TOKYO (Dow Jones)--Ailing consumer finance company Aiful Corp. (8515.TO) lost more than a quarter of its market value Friday after it said it will ask its creditors if it can delay repayment of ...
TOKYO (Dow Jones)--The dollar edged down against the yen in Asia Friday on Japanese exporter selling before a five-day holiday in Japan, and is expected to continue weakening next week due to expectations that US ...
AMR Corp. made a "show of strength" to reassure Wall Street about its finances Thursday, then unveiled realignments in its American Airlines and American Eagle route systems.
Sept. 18 (Bloomberg) -- Nasdaq OMX Group Inc. and Bats Global Markets' decision to prohibit flash stock orders was affirmed by the Securities and Exchange Commission, which proposed banning the practice yesterday.
SHANGHAI/HONG KONG, Sept 18 (Reuters) - BNP Paribas, France's largest bank, is close to selling its stake in ABN AMRO TEDA Fund Management Co in China, in a step toward complying with Chinese mutual fund regulations.
TOKYO (Reuters) - Mazda Motor Corp (7261.T) said it would begin selling the Mazda2 hatchback in the United States toward the end of 2010, getting a late start in a segment that has held up relatively well as consumers seek cheaper and smaller cars.
LONDON (Dow Jones)--European stocks were modestly lower Friday, as traders paused for breath by booking some profits and buying the dollar following this week's dollar weakness and healthy gains for global ...
BBC News - 2 hours ago
US credit rating agencies will face tighter supervision under new rules adopted by the US financial watchdog. The Securities and Exchange Commission (SEC) said agencies must disclose more information on past ratings to help investors make informed ...
NEW YORK, Sept 17 (Reuters) - Citigroup (CN) Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn given the bank's circumstances.
Sept. 18 (Bloomberg) -- Household wealth in the US increased by $2 trillion in the second quarter, a first step in restoring Americans' finances and spending power.
Los Angeles Times - 1 hour ago
The average rate for a 30-year fixed mortgage this week was 5.04%, down from 5.07% a week earlier, mortgage company Freddie Mac said.
PARIS - While the world's airlines will continue to suffer steep financial losses in the short term, Airbus predicted Thursday that demand for new aircraft would remain healthy over the next 20 years, based on expectations of steady air ...
European Union leaders on Thursday agreed to use the Group of 20 meeting next week in Pittsburgh to press for binding global rules on bankers' pay and new controls on bonuses, but avoided any explicit call for a ceiling on ...
Wall Street Journal - John Kell - 4 hours ago
Engineer and entrepreneur Marc Andreessen joined the board of Hewlett-Packard Co. as the personal-computer maker has seen improvements in its consumer-PC business but has reported weakness in other areas.
NEW YORK (Dow Jones)--Arena Pharmaceuticals Inc. (ARNA) reported the success of its second large late-stage study of its weight-loss drug lorcaserin, but the strength of the results may disappoint Wall Street.
Sept. 18 (Bloomberg) -- Bank of Japan Deputy Governor Hirohide Yamaguchi said maintaining emergency credit programs for “a long time” might hamper a recovery in the financial industry even as he expressed doubt about the economic ...
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