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Standard Chartered continues to seek an agreement with the U.S. government to settle money laundering charges. (Reuters) The new Samsung tablet has a unique split screen technology. (Reuters) A judge...
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Twice a month, economists hold their collective breath as China PMI data are issued. One set of numbers comes from huge bank HSBC (NYSE: HBC) and the other from the People’s Republic itself. The...
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General Motors (NYSE: GM) fires its marketing head because of a deal he set for soccer sponsorships. (Reuters) HSBC (NYSE: HBC) is under U.S. investigation over Libor manipulation. (Reuters) The...
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Updated throughout the day on the 24/7 Wall St. Wire: Back of America (NYSE: BAC) and Credit Suisse (NYSE: CS) will lay off more workers. (WSJ) Crédit Agricole, HSBC (NYSE: HBC), Deutsche Bank...
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A new consumer agency fines Capital One (NYSE: COF) $210 million for aggressive marketing activity.(Reuters) New IMF policies will examine whether individual national economies might hurt global...
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The latest survey by China’s National Bureau of Statistics indicated that average home prices in 70 Chinese cities were unchanged in June from May. That ended eight straight months of declines and...
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Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters) A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters) Many investors do...
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Updated throughout the day on the 24/7 Wall St. Wire: GlaxoSmithKline (NYSE: GSK) will buy Human Genome Sciences (NASDAQ: HGSI) for $2.8 billion. (Reuters) The Justic Department and HSBC (NYSE: HBC)...
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We had been informed that Moody’s was going to finally release its massive downgrade of the banking system today. The Moody’s warning came back in February that the downgrade was coming, so this...
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24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks. It appears that the wait is over as the downgrade is set to come...
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Flickr, Images of MoneyAs part of the $26 billion mortgage foreclosure settlement reached between the federal and state governments with a number of mortgage lenders, borrowers who believe that their...
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The Federal Reserve says it will increase help to the U.S. economy, and it may be willing to do more. (Reuters) Spain may request more financial aid for its troubled banks. (Reuters)...
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Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Apple Inc. (NASDAQ: AAPL) Reiterated Buy with $670 target at Argus;...
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As new regulations have eaten into their profits, banks have looked for new ways to increase revenue from their customers. Many banks tried, unsuccessfully, to implement debit card fees. More...
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Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon. We skipped many of the smaller incidents, but...
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