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Judge revives Dexia's mortgage lawsuit vs. JPMorgan
Reuters(Reuters) - A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt. Citing a recent federal appeals court decision...Tags: Litigation, JPMorgan Chase & Co., Laws, Banking, Washington Mutual Inc.
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US STOCKS SNAPSHOT-Dow, S&P end at records in Wall St's 4th week of gains
ReutersNEW YORK, May 17 (Reuters) - U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. Both the Dow and the S&P...Tags: S&P 500, Stock Market, Nasdaq Composite, NASDAQ, Stock Activities
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Senator Warren wants bank settlements to be justified
ReutersWASHINGTON (Reuters) - An outspoken freshman senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle investigations without admitting any...Tags: Citigroup Incorporated, Federal Reserve, Finance, Economy, Business and Finance, Financial Markets
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Deeds for May 19, 2013
BOYLE Deeds filed recently in the office of Boyle County Clerk Trille Bottom include: Teresa S. McGhee to Rick and Elizabeth G. Cole, property in Hillcrest addition, $47,000. Bank of America and Billy D. Gordon Jr., through J. Thomas Hensley,...Tags: Colonial Heights (Colonial Heights, Virginia), Sears, Federal National Mortgage Association, Hillcrest, Dwayne Johnson
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Big banks get boost under new swap rules
ReutersThe top U.S. regulator adopted watered-down rules to bring swaps onto exchange-like trading platforms in the $640 billion derivatives market, giving big banks a boost. The rules constitute a compromise that critics say means supervisors have fewer tools...Tags: Citigroup Incorporated, Politics, JPMorgan Chase & Co., Lobbying, GFI Group Incorporated
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COLUMN-Business Development Companies: High yield, high risk
ReutersBy John Wasik CHICAGO, May 17 (Reuters) - In a frantic search for yields, investors often turn toward relatively unknown products. Business Development Companies (BDCs) are one of latest vehicles to grab investor attention - and money. BDCs are...Tags: Agriculture, Financial and Business Services, Finance, Economy, Business and Finance, Ares Capital Corporation
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Column: Business Development Companies - High yield, high risk
ReutersCHICAGO (Reuters) - In a frantic search for yields, investors often turn toward relatively unknown products. Business Development Companies (BDCs) are one of latest vehicles to grab investor attention - and money. BDCs are companies that lend to young,...Tags: Agriculture, Personal Finance, Financial and Business Services, Economy, Business and Finance, Finance
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Jewellery expected to help Richemont to outshine peers
Reuters* Richemont to outperform luxury market - brokers * Jewellery is Richemont's fastest-growing segment * Focus on in-house brands rather than M&A - chairman By Silke Koltrowitz ZURICH, May 17 (Reuters) - Luxury goods group Richemont's strong position in...Tags: Luxury Goods Industry
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Junk rating risk casts shadow over Spanish bonds
ReutersLONDON (Reuters) - Spain's borrowing costs will rise if its credit rating is cut as much as market prices imply. The cost of insuring against a Spanish default suggests investors expect another cut in its sovereign ratings, to junk, according to...Tags: Citigroup Incorporated, Moody's Corporation, JPMorgan Chase & Co., Credit and Debt, Morgan Stanley Dean Witter & Company
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U.S. muni bond sales to total $4.92 billion next week
ReutersNEW YORK, May 17 (Reuters) - U.S. municipal bond sales are expected to fall to $4.92 billion next week from this week's total of $6.8 billion, according to Thomson Reuters estimates released on Friday. Negotiated sales next week are expected to total $3....Tags: Moody's Corporation, Prices, Hartford County, Hartford (Hartford, Connecticut), New York City
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Bankers see M&A recovery after deals drop 7 percent so far in 2013
ReutersLONDON (Reuters) - A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone recession. The...Tags: S&P 500, Stock Market, Blackstone Group, L.P., Dow Jones Industrial Average, Finance
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Clark Circuit Court - May 17, 2013
The following criminal cases were resolved in Clark Circuit Court May 9 with Judge William Clouse presiding. — Chris Gibson, first-degree trafficking in a controlled substance, pleaded guilty, recommended one year, sentencing June 20. —...
Tags: State Farm Insurance, Divorce, JPMorgan Chase & Co., Dwayne Johnson, Trials
May 17, 2013
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May 14, 2013
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