Major market averages treaded water as a retreat in commodities weighed on materials stocks, while speculative buyers again gobbled up financial companies with government backing.
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Two senators introduced legislation echoing calls from the Obama administration to bar taxpayer-insured banks, their affiliates and subsidiaries from engaging in proprietary trading.
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Hurt by an interest-rate bet gone wrong, Los Angeles is demanding that Bank of New York Mellon renegotiate the deal or face exclusion from any future business.
Investors have been pouring money into mutual funds, but mainly into bond funds, despite stock funds' heady gains. What's at play?
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World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the U.S.
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Positive Chinese export data added to evidence that the global economy is improving, leading investors away from the safe-haven yen. The pound fell.
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Treasury prices moved off the session's worst levels after strong demand for a $21 billion sale of 10-year notes.
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Stats and fun facts about the CDS market, which is drawing ever more attention from regulators. They also might be good to drop in your next derivatives-focused cocktail party conversation.
Treasury prices pare some losses after strong demand for 10-year note reopening. But bond prices are still lower ahead of $13 billion 30-year bond sale Thursday.
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While Prudential PLC earns plaudits for its bold acquisition in Asia, another U.K. insurer, Resolution, has limped quietly out of the FTSE100 after failing to live up to its deal-making ambitions.
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As Greece continues to call for support to deal with its crisis, Turkey has signaled that it plans to face its problems on its own. Its prospects in doing so look brighter than for many developed markets.
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Bond underwriters handling the administration-backed Build America bonds have collected fees topping $1 billion.
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Major market averages treaded water as a retreat in commodities weighed on materials stocks, while speculative buyers again gobbled up financial companies with government backing.
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Portugal raised $1.35 billion in a key bond auction, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts.
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World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the U.S.
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Positive Chinese export data added to evidence that the global economy is improving, leading investors away from the safe-haven yen. The pound fell.
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Active portfolio managers have outperformed many exchange-traded funds, thanks to surging small-cap stocks.
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Debt-laden Ireland is winning applause for adopting severe measures that Greece has put off, but pay cuts and tax hikes have put public servants in some unusual binds.
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Psychiatric Solutions, a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by Bain Capital.
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Energy stocks embellish early gains, playing off bullish U.S. inventories data as well as a revised Organization of the Petroleum Exporting Countries outlook forecasting higher world oil demand for 2010.
Prices of luxury real estate are finally starting to rise, as bargain hunters swoop in. Some of the best deals are in second homes with pricesoff as much as 40%. See slideshow.
How to claim this otherwise hard-to-get health-care deduction.



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Momentum is building for stricter oversight of derivatives trading, as a top U.S. regulator backed limits on credit-default swaps and EU leaders pushed for a ban on speculative bets against government debt.
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