Bloomberg News

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Critics Slam S&P For Deflection On U.S. Fraud Claims

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The Justice Department says it wasn't the flawed crystal ball on housing but the fragile ratings methodologies that landed S&P in hot water.

Elizabeth Warren Not Ready To Back Down On U.S. Consumer Bureau

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Now a senator, Elizabeth Warren is having to make the case for the Consumer Financial Protection Bureau all over again as Republicans challenge its power.

Hedge Funds Rose 0.9% Last Month On Budget Agreement

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Hedge funds climbed 0.9 percent last month, posting their best gain since September while trailing global equities, as markets rallied in the wake of a U.S...

Lincoln CEO: Smart Money In Annuities After Buffett Deal

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The CEO of Lincoln National Corp. says intelligent investors are backing variable annuities after Warren Buffett’s Berkshire Hathaway bet on retirement products this week.

Goldman’s Kuritzky Raises $20,000 in Empire State Building Runs

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Goldman Sachs associate Brian Kuritzky runs the 1,576 steps of New York's iconic skyscraper (twice!), raising $20,000 for the Multiple Myeloma Research Foundation.

Leverage Comeback In Stocks Seen As Sentiment Improves

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Shares of companies with high operating or financial leverage are outperforming the market, as investor sentiment about the economy improves.

Treasurys Are Second-Worst Bonds, Warn Investors

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Treasurys are the world’s second-worst-performing bonds as investors from Jim Rogers to Wells Capital Management Inc. warn there are probably further losses ahead.

Exchange-Traded Notes To Lose Edge In U.S. House Proposal

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ETNs, derivatives that don't have an annual tax bite, would lose that edge under a proposal from the top Republican tax writer in Congress.

JPMorgan Said To Cut Trader Pay As Asset Managers Get Raises

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JPMorgan Chase & Co. paid investment bankers and traders about 3 percent less in 2012 as shaky economies in the U.S. and Europe put a damper on deals, said two sources.

S&P Penalty May Reach $5 Billion

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The U.S. is seeking as much as $5 billion in penalties from McGraw-Hill Cos. and its Standard & Poor’s unit as punishment for inflated credit ratings.

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