Archive for October 5th, 2013

Wall Street gets ready to trade defaulted U.S. debt

October 5, 2013
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By Jason Lange WASHINGTON (Reuters) – While most on Wall Street continue to believe it very unlikely the United States will default on its debt later this month, banks and securities firms are already gearing up for how to handle any U.S. Treasuries tainted by missed payments.
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Gamblers not waiting for Twitter IPO to bet on valuation

October 5, 2013
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By Julia Edwards NEW YORK (Reuters) – Though Twitter’s first day on the stock market is probably still months away, a handful of international gamblers aren’t waiting for the official debut and are already laying bets on how much the social media site will be worth.
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