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NEW YORK — The owners of a company that managed hundreds of millions of dollars for universities and charities were arrested Wednesday on charges of looting their investment funds for over a decade to buy horses, collectibles and other personal

Oct. 15 (Bloomberg) -- The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S

The dollar is zigzagging, falling below the 90 yen mark Friday and testing the depths it plumbed against the euro a year ago. That kind of action is music to the ears of investors such as Ray Firetag. As most of America slept on a recent Monday

Oct. 13 (Bloomberg) — Goldman Sachs Group Inc., the biggest U.S. securities firm before converting to a bank last year, was cut to “neutral” by Meredith Whitney, as the analyst dropped her only “buy” recommendation

https://www.mql5.com/go?link=http://finance.yahoo.com/news/Justice-Dept-probing-IBMs-apf-3860784914.html?x=0&sec=topStories&pos=main&asset=&ccode= WASHINGTON (AP) -- The Justice Department is looking into allegations that IBM has

Asian central banks intervened heavily in the currency markets on Thursday to stem the appreciation of their currencies against the US dollar amid fears that their exports could be losing ground against China. The mainly south-east Asian countries

Citadel Investment Group LLC, known for its hedge funds, pulled in about $1 billion last year in a unit that does high-frequency trading. The figure, which emerged this week in a Chicago court battle involving Citadel, shows just how lucrative this

While many investors are focused on the winding down of government programs, one notable piece of the rescue effort is finally ramping up. Five investment funds that raised $1.94 billion in private capital to purchase troubled assets through the

FDIC Is Broke, Taxpayers at Risk, Bair Muses: Jonathan Weil - Bloomberg.com Sept. 24 (Bloomberg) -- The FDIC’s insurance fund is going broke, and Sheila Bair is wondering aloud about how to replenish it. This means one thing for taxpayers

MADRID (MarketWatch) -- Retail sales fell 4% in August on an annual basis, the Instituto Nacional de Estadistica said on Tuesday. That compares to a fall of 4.9% in July. The biggest falls were in household equipment, down 12.8%, and food products

By Shobhana Chandra Sept. 21 (Bloomberg) -- The index of U.S. leading economic indicators rose for the fifth straight month, capping the longest stretch of gains since 2004 and signaling a recovery is under way. The Conference Board’s gauge of

Taubman Will Relinquish Atlantic City Shops to Lender (Update4) - Bloomberg.com By David M. Levitt Sept. 22 (Bloomberg) -- Mall owner Taubman Centers Inc. plans to turn over to its lender a mall on the Atlantic City, New Jersey, boardwalk because the

NEW YORK (Nikkei)--Ford Motor Co. will construct a new passenger car plant in Chongqing, China, through its joint venture with Mazda Motor Corp. (7261) and Chinese automaker Chongqing Changan Automobile Co. The new facility, to be built by Changan

Top Financial News By Peter J. Brennan, Christine Harper and Scott Lanman Sept. 16 (Bloomberg) -- Paul Volcker, the former Federal Reserve chairman who’s an economic adviser to President Barack Obama, said there’s a “long way to

https://www.mql5.com/go?link=http://www.nytimes.com/2009/09/18/business/18regulate.html?_r=1&hp By JENNY ANDERSON Published: September 17, 2009 It is an obscure art of Wall Street, a technique that gives a scattering of traders an edge over

Sept. 8 (Bloomberg) -- Commercial Aircraft Corp. of China, the government-controlled planemaker, said its first commercial jet will “surely be cheaper” than comparable Boeing Co. and Airbus SAS models, heightening competition in the

Balyasny bets against healthcare reform - MarketWatch Hedge fund firm hires Barclays Capital prop trading team to focus on sector By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Balyasny Asset Management, a $2 billion hedge fund firm run

UN Says New Currency Is Needed to Fix Broken ?Confidence Game? - Bloomberg.com UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’ By Jonathan Tirone Sept. 7 (Bloomberg) -- The dollar’s role in international trade should

U.S. Stocks at Risk for 20 Percent Decline: Technical Analysis - Bloomberg.com Sept. 8 (Bloomberg) -- The U.S. stocks rally is “maturing” and the risk of a 20 percent retreat in the Standard & Poor’s 500 Index increased after

Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit. Manhattan Chief U.S. District Judge Loretta Preska ruled against the