| Briefing Prepared for John Smith |
October 08, 2009 |
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Amazon.com Takes Kindle Global
CUPERTINO, Calif./LONDON (Reuters) - Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries, including China and most of Europe, intensifying a battle for the burgeoning digital book market.
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EU Considers Possible Antitrust Deal
BRUSSELS (Reuters) - Microsoft has improved its offer to give users in Europe the chance to choose other Web browsers, EU antitrust regulators said on Wednesday and asked rivals to comment on the proposal.
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Baer-ING Deal Jump Starts M&A Season
GENEVA (Reuters) - Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.
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Fannie, Freddie Plan to Aid Mortgage Banks
(Reuters) - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing people familiar with the matter.
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BofA Narrows List of CEO Candidates
Bank of America directors have narrowed the internal candidates to succeed retiring CEO Lewis to the bank's chief risk officer, Gregory Curl, and consumer and small-business banking chief, Brian Moynihan. |
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BofA Narrows List of CEO Candidates
Bank of America directors have narrowed the internal candidates to succeed retiring CEO Lewis to the bank's chief risk officer, Gregory Curl, and consumer and small-business banking chief, Brian Moynihan. |
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Amazon.com Takes Kindle Global
CUPERTINO, Calif./LONDON (Reuters) - Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries, including China and most of Europe, intensifying a battle for the burgeoning digital book market.
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SEC Risk Director Takes on Derivatives
Henry Hu, the Securities and Exchange Commission’s recently-appointed director of the Division of Risk, Strategy, and Financial Innovation, spoke before the House Committee on Financial Services this morning regarding proposed legislation that would hedge in the derivatives market. The legislation, the Over-the-Counter Derivatives Markets Act of 2009, first proposed by President Barack Obama in August, would implement a number of regulatory controls over the sale of such investment vehicles, including the clarification and re-strengthening of existing controls. “It is critical that we work together to enact legislation that will bring greater transparency and oversight to the OTC derivatives market,” said Hu in his prepared remarks.
To read Hu’s complete speech, click here.
To read the proposed legislation, click here.
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EU Considers Possible Antitrust Deal
BRUSSELS (Reuters) - Microsoft has improved its offer to give users in Europe the chance to choose other Web browsers, EU antitrust regulators said on Wednesday and asked rivals to comment on the proposal.
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Baer-ING Deal Jump Starts M&A Season
GENEVA (Reuters) - Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.
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Google CEO Says Worst of Ad Slump is Over
NEW YORK (Reuters) - Google Inc Chief Executive Eric Schmidt said on Wednesday that the worst of the advertising recession was over, and pointed to signs of a recovery in both Europe and the United States. |
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Fannie, Freddie Plan to Aid Mortgage Banks
(Reuters) - U.S. government-controlled mortgage finance companies Freddie Mac and Fannie Mae are working on a program to help independent mortgage banks get access to short-term credit needed to make home loans, the Wall Street Journal said, citing people familiar with the matter.
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Fed Says Banks Slow to Take Commercial Losses
WASHINGTON (Reuters) - The Federal Reserve told bank examiners last month that banks were slow to take losses on their commercial real estate loans that have suffered as property values sink.
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Pay Czar Targets Salary Cuts
The U.S. pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting cash salaries for top earners and shifting a chunk of their salaries into stock. |
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Pay Czar Targets Salary Cuts
The U.S. pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting cash salaries for top earners and shifting a chunk of their salaries into stock. |
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AmEx President to Step Down
AmEx's No. 2 is resigning to pursue a CEO post elsewhere after being denied the card firm's top spot. Alfred F. Kelly Jr. is seen as a potential short-term chief at BofA. |
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AmEx President to Step Down
AmEx's No. 2 is resigning to pursue a CEO post elsewhere after being denied the card firm's top spot. Alfred F. Kelly Jr. is seen as a potential short-term chief at BofA. |
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AmEx President to Step Down
AmEx's No. 2 is resigning to pursue a CEO post elsewhere after being denied the card firm's top spot. Alfred F. Kelly Jr. is seen as a potential short-term chief at BofA. |
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Google CEO Says Worst of Ad Slump is Over
NEW YORK (Reuters) - Google Inc Chief Executive Eric Schmidt said on Wednesday that the worst of the advertising recession was over, and pointed to signs of a recovery in both Europe and the United States. |
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Fed Says Banks Slow to Take Commercial Losses
WASHINGTON (Reuters) - The Federal Reserve told bank examiners last month that banks were slow to take losses on their commercial real estate loans that have suffered as property values sink.
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| New Sources |
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