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James Murdoch sells $25 million in News Corp. stock
News Corp. Deputy Chief Operating Officer James Murdoch has sold $25 million worth of News Corp. non-voting shares as the company's stock has soared in value. Murdoch, the youngest son of media baron and News Corp. Chairman and Chief Executive Rupert...
Tags: Rupert Murdoch, James Murdoch, Voting, Book, Media Industry
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Detroit-based Compuware plans IPO for Covisint subsidiary, with aim of raising $100 million
DETROIT (AP) — Software development company Compuware Corp. says it's planning an initial public offering for its Covisint Corp. subsidiary. Detroit-based Compuware says in a registration statement with the Securities and Exchange Commission...Tags: Initial Public Offerings, Financing and Stock Offerings, Freedom of the Press, Politics, Detroit Free Press
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PRESS DIGEST - Wall Street Journal - May 15
ReutersMay 15 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Hedge fund billionaire Daniel Loeb's campaign to pressure Sony Corp into spinning off its...Tags: The Wall Street Journal, Economy, Business and Finance, Freddie Mac, The Walt Disney Co., Finance
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U.S. Bank gains naming rights to LaSalle Street building
Trying to raise its profile in Chicago, Minneapolis-based U.S. Bank said it has secured naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent. The street-level U.S. Bank Building signage should go up this...
Tags: Park National Corporation, Federal Communications Commission, Banking, Corporate Performance, Career and Workplace
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US senator: Show me the economic analysis on settlements vs trials
ReutersBy Sarah N. Lynch WASHINGTON, May 14 (Reuters) - A U.S. senator who has criticized Wall Street is asking federal regulators and law enforcement officials whether they have the economic analysis to back up their routine practice of letting big banks...Tags: Economy, Business and Finance, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Office of the Comptroller of the Currency, Finance, Citigroup Incorporated
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Duo of senators plead with SEC to take action on credit raters
ReutersBy Sarah N. Lynch WASHINGTON, May 14 (Reuters) - A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of...Tags: Republican Party, Economy, Business and Finance, Finance, Moody's Corporation, Career and Workplace
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Fraud claims versus Goldman over Abacus CDO are dismissed
ReutersNEW YORK (Reuters) - Goldman Sachs Group Inc won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus. In a 3-2 decision, a New York state appeals court dismissed a complaint by...Tags: Manhattan (New York City), Economy, Business and Finance, Guaranty Corporation, Finance, York (York, Pennsylvania)
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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: Economy, Business and Finance, Finance, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Office of the Comptroller of the Currency, Citigroup Incorporated
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Big Sony options action before Loeb stake raises eyebrows
Reuters* Sony option and share volume far above normal on Monday * Trades include June $19 call buy and June $16, $17 put sales By Doris Frankel May 14 (Reuters) - A surge in option market bets on Sony Corp just before a large hedge fund investor announced...Tags: Photography and Video, Mutual Funds, Sony Corp., Photography Supplies and Services, Japan
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Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals
Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...Tags: Parties and Movements, HSBC Holdings plc, Economy, Business and Finance, Office of the Comptroller of the Currency, Finance
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Narrow base cools economic impact of hot Ghana bourse
Reuters* SME's seen wary of increased scrutiny if they list * Govt seen reluctant to release stake in key firms * Ghana bourse in middle of African pack By Matthew Mpoke Bigg and Kwasi Kpodo ACCRA, May 14 (Reuters) - Ghana's bourse is up more than 50 percent...Tags: Economy, Business and Finance, Finance, Coca-Cola Co., Government, Politics
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Bloomberg in damage-control mode over client snooping
Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...
Tags: Central Bank, Economy, Business and Finance, Finance, Journalism, Bloomberg L.P.
May 15, 2013
|Story| Los Angeles Times
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May 14, 2013
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|Story| Los Angeles Times
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