Archive for August, 2013

GE plans to exit U.S. retail lending: WSJ

August 30, 2013
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(Reuters) – General Electric Co (GE) plans to spin off the U.S. consumer lending operations of its finance arm GE Capital, as the conglomerate moves to focus on its core industrial operations, the Wall Street Journal reported, citing people familiar with the matter.
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U.S. authorities widen hiring probe beyond JPMorgan – WSJ

August 30, 2013
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(Reuters) – U.S. authorities are seeking information from several banks and hedge funds on their hiring practices, focusing on the hiring of relatives of well-connected foreign officials with the intent of winning business, the Wall Street Journal reported, citing people with knowledge of the situation.
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Hot, dry spells in Midwest revive drought worries

August 30, 2013
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DES MOINES, Iowa (AP) — A growing season that began unusually wet and cold in the Midwest is finishing hot and dry, renewing worries of drought and its impact on crops.
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U.S. ready to go it alone on Syria

August 30, 2013
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The United States reserves the option to go it alone on a possible military strike against Syria, the White House signaled late Thursday, after Britain’s parliament rejected going to war.
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Why Wall St doesn’t blink at extra $30 billion for Verizon Wireless

August 30, 2013
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By Sinead Carew NEW YORK (Reuters) – It’s not often that Wall Street shrugs off what amounts to a 30 percent price hike for an asset inside of four months.
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Why Wall Street doesn’t blink at extra $30 billion for Verizon Wireless

August 30, 2013
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By Sinead Carew NEW YORK (Reuters) – It’s not often that Wall Street shrugs off what amounts to a 30 percent price hike for an asset inside of four months.
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Does Obama need congressional approval to bomb Syria?

August 29, 2013
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If President Barack Obama chooses to unilaterally launch a military attack against Syria in retaliation for the government’s alleged use of chemical weapons against civilians last week, he is certain to face criticism that he’s overstepping his executive authority.
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President talks with House Speaker Boehner on Syria

August 29, 2013
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WASHINGTON (Reuters) – President Barack Obama called Speaker of the House John Boehner by telephone on Thursday to discuss his deliberations on Syria, a spokesman for Boehner said, adding that more consultation with Congress and the U.S. public was needed.
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Stronger economic reports push stock market higher

August 29, 2013
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NEW YORK (AP) — The stock market edged higher on Thursday as positive news for the U.S. economy outweighed worries about escalating tensions with Syria.
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Nasdaq says software bug, Arca problems led to trading outage

August 29, 2013
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By John McCrank NEW YORK (Reuters) – Nasdaq OMX Group (NSQ:NDAQ) said on Thursday Nasdaq‘s three-hour trading halt last week was due to an internal software bug and other technology issues triggered by problems at NYSE Euronext‘s (NYS:NYX) Arca exchange that led to the failure of a key backup system.
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