| McKinsey, Akamai open probes in Galleon scandal (Reuters)
October 28, 2009 at 9:00 pm
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| | Reuters - McKinsey & Co and Akamai Technologies Inc launched investigations on Wednesday into accusations by the U.S. government that some of their employees were linked to the Galleon Group insider-trading scandal. |
| Half of workers changing jobs cash out 401k (AP)
October 28, 2009 at 6:16 pm
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|  AP - Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
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| Stryker unit charged in marketing scheme: DOJ (Reuters)
October 28, 2009 at 5:07 pm
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| | Reuters - Stryker Biotech LLC and top management have been indicted on charges they engaged in a fraudulent marketing scheme for certain medical devices, the U.S. Justice Department said on Wednesday. |
| Wal-Mart starts selling caskets, urns online (AP)
October 28, 2009 at 4:03 pm
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|  AP - The world's largest retailer wants to keep its customers even after they die.
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| SEC search for ways to peer into fast trades (Reuters)
October 28, 2009 at 2:13 pm
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| | Reuters - U.S. regulators are searching for ways to peer into the activities of high-frequency trading, which has blossomed in recent years and now accounts for at least 50 percent of all equity trading in the United States. |
| House Panel Moves to Tighten Regulation of Credit Rating Agencies (CQPolitics.com)
October 28, 2009 at 1:31 pm
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| | CQPolitics.com - Legislation that would require the Securities and Exchange Commission (SEC) to beef up regulation of credit rating firms, which are under fire for their role in last year's implosion of the financial markets, was approved Wednesday by a House committee. |
| Big U.S. companies balk at healthcare public option (Reuters)
October 28, 2009 at 1:00 pm
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|  Reuters - Some of the nation's largest companies pushed back against U.S. Democrats' plans to deliver a government-run insurance option in a healthcare overhaul, decrying it as a step backward that would drive up costs for employers and their workers.
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| Pay czar says reworking AIG bonuses a priority (Reuters)
October 28, 2009 at 12:42 pm
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|  Reuters - The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010.
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| Family sues over Conn. woman's bathrobe fire death (AP)
October 28, 2009 at 12:01 pm
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| | AP - The family of a Connecticut woman who died after her chenille bathrobe caught on fire while she was making tea has sued the retailer. |
| Durable goods orders hint at broadening recovery (Reuters)
October 28, 2009 at 9:25 am
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|  Reuters - New orders for long-lasting U.S. manufactured goods rose 1 percent in September, Commerce Department data showed on Wednesday, suggesting that the economy's wobbling recovery from recession may be steadying.
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| CORRECTED: ConocoPhillips profit down 71 percent (Reuters)
October 28, 2009 at 9:08 am
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| | Reuters - Corrects paragraph 3 to show output figures are year-to-date, not quarterly; deletes reference to prior quarter |
| Cabela's plans first retail store in Colorado (AP)
October 28, 2009 at 8:53 am
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| | AP - Outdoor outfitter Cabela's has announced plans to build its first retail store in Colorado next year. |
| European stocks join global sell-off (AFP)
October 28, 2009 at 8:42 am
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|  AFP - European shares tumbled on Wednesday after sharp losses in Asia and a poor Wall Street performance amid renewed concern about the pace of US economic recovery, analysts said.
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| Ford names Geely preferred Volvo cars bidder (Reuters)
October 28, 2009 at 8:29 am
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|  Reuters - Ford named a consortium led by China's Zhejiang Geely Group Holding Co. as preferred bidder for its loss-making Swedish unit, Volvo Car Corp., but said more detailed talks were needed before any final agreement.
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| General Dynamics profit tops view; boosts forecast (Reuters)
October 28, 2009 at 8:16 am
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| | Reuters - General Dynamics Corp reported a better-than-expected quarterly profit on Wednesday as strength in defense sales helped offset weakness in business jets. |
| Stock futures down ahead of earnings, data (Reuters)
October 28, 2009 at 5:15 am
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|  Reuters - Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.12 percent and Nasdaq 100 futures down 0.28 percent at 5:10 a.m. EDT.
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| Pay czar Feinberg increased base pay at U.S. firms: report (Reuters)
October 28, 2009 at 3:14 am
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| | Reuters - Kenneth Feinberg, the Treasury bailout program's special master for compensation, who cut total compensation for top earners at seven bailed-out firms last week, increased base salaries at the companies, the Wall Street Journal said, citing its own analysis of Treasury data. |
| Asian shares slide, Aussie dollar hit by rate talk (Reuters)
October 28, 2009 at 2:41 am
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|  Reuters - Asian shares fell on Wednesday after a dip in U.S. consumer confidence revived worries about the pace of economic recovery, while the Australian dollar hit a two-week low as inflation data pared bets on an aggressive rate rise.
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