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Financial services

Japan approves new stimulus for ailing economy
Japan's Cabinet approved a 423 billion yen ($5.3 billion) economic stimulus package on Friday, moving to fend off recession as the recovery in the ...
Bank of China quarterly profit up 17 percent
Bank of China Ltd., one of the country's four main state-owned banks, says its quarterly profit rose 17 percent despite an economic slowdown and ...
Aetna's 3Q profit climbs 2 pct, tops forecasts
Aetna Inc.'s third-quarter earnings rose 2 percent as lower-than-expected health care use and revenue gains helped the insurer trump Wall Street ...
IMF: Bailed-out Portugal needs extra debt effort
Portugal's financial recovery program is entering a risky phase as it struggles to cut its heavy debt load amid a continuing recession, growing ...
Lending still weak in slack eurozone economy
Another drop in lending to companies in the 17-country eurozone showed the economic downturn is deepening, as a brighter mood on financial markets ...
EU Parliament rejects candidate for ECB top post
The European Parliament has rejected Luxembourg's top central banker for a post at the European Central Bank, an unprecedented move taken to protest ...
Ex-Goldman exec's 2-year sentence draws scrutiny
A two-year prison sentence for insider trading at the height of the 2008 economic crisis, by a man who was once one of the nation's most respected ...
Ex-Goldman exec given 2 years for inside trades
A former Goldman Sachs and Procter & Gamble Co. board member was sentenced to two years in prison Wednesday, culminating a spectacular fall from grace ...
Prison, $7 billion fine for French rogue trader
A former junior trader for France's second-largest bank who was ordered Wednesday to pay back a staggering €4.9 billion (about $7 billion) in damages ...
Fed cites moderate US growth, takes no new action
Two weeks before a U.S. election focused on the economy, the Federal Reserve said Wednesday that its help is still needed to increase growth and lower ...
ECB's Draghi faces German lawmakers
The European Central Bank's president drew a broadly positive response from German lawmakers Wednesday when he told them that his bond-buying plan ...
Gov't consumer watchdog to oversee debt collectors
Expanding its reach, the government's consumer finance watchdog agency will monitor the day-to-day operations of big debt-collection companies, the ...
Expectations low for any major Fed moves this week
Six weeks after rolling out a bold plan to boost the U.S. economy, the central bank is meeting again amid low expectations for further help.
Target to sell credit card business to TD Bank
Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for ...
Stocks sink as DuPont, Xerox, 3M scare investors
Nobody was expecting this round of corporate financial reports to be great. But underwhelming results — particularly revenue, which offers a read on ...
4th bankruptcy in Perry's tech fund adds to losses
A fourth Texas high-tech startup that received taxpayer dollars through Gov. Rick Perry's signature economic development fund has filed for bankruptcy ...
DuPont to cut 1,500 jobs after 3Q profit slide
The DuPont Co. said Tuesday that it will cut about 1,500 jobs and take other steps to increase its competitiveness, after weak demand for a key ...
Spainish economy continued to shrink in Q3
Spain's economy continued to shrink in the third quarter, contracting by 0.4 percent compared with the previous three months, according to central ...
Fed likely to send wait-and-see signal at meeting
Six weeks ago, the Federal Reserve unveiled its latest plan to invigorate the U.S. economy. This week, the Fed will likely send a simple message: Give ...
Private equity firm to buy Ancestry.com for $1.6B
Genealogy website Ancestry.com has agreed to be acquired by a group led by European private equity firm Permira Funds in a cash deal valued at about ...
Legislators reject Europe Central Bank candidate
A European Parliament committee has voted against the nomination of Luxembourg's top central banker to a post at the European Central Bank, saying ...
Unease about Germany's unchecked gold reserves
Germany's central bank has failed to properly oversee the country's massive gold reserves, which have been stored abroad since the Cold War in case ...
As stocks soar, more join the $100 Club
High prices help sell watches, sports cars and handbags by suggesting rare quality. Now, they may be helping sell stocks, too. The number of stocks ...
Both parties see gains coming from Medicare debate
A little more than two weeks before Election Day, Republicans and Democrats alike say Medicare is working to their political advantage in campaigns ...
Bangladesh probing background of NY terror suspect
Police in Bangladesh on Saturday interviewed former teachers and classmates of a Bangladeshi man charged with trying to blow up the Federal Reserve ...