Bloomberg News

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Hedge-Fund Leverage Rises To Most Since 2004

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Hedge funds are borrowing more to buy equities just as loans by New York Stock Exchange brokers reach the highest in four years, signs of increasing confidence after professional investors trailed...

Smaller Payday Trims Workers’ Splurges

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By tomorrow, most Americans will have experienced a hit to their paychecks after Congress let a two-year-old payroll tax break expire while averting bigger automatic cuts that were to take effect...

Equities Bear Brunt Of Wall Street Job Cuts On Volume

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Investment banks are cutting jobs in equities faster than any other division as revenue recovers at a slower pace than the rest of their businesses and more trading is automated.

FTC Sues to Close Alleged $220 Million Telemarketing Scam

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The Federal Trade Commission sued to shut down an alleged $220 million telemarketing scheme operating out of the Empire State Building, saying it has victimized thousands of people, including the...

IRS Increases Exemption From Estate Tax To $5.25 Million

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Taxpayers will be able to leave an extra $130,000 to their heirs free of estate taxes this year under cost-of-living adjustments announced by the Internal Revenue Service.

Condos Replace Newsrooms As Newspapers Sell Real Estate

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Newspaper owners, struggling with plunging demand and advertising spending at a six-decade low, are squeezing money out of the assets they do have with rising value: buildings and land.

Mortgage Overhaul Begins With Borrower Scrutiny Measure

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The publication of a rule requiring mortgage lenders to confirm a borrower’s ability to repay is the start of an effort by U.S...

Goldman’s De Mallmann Buys NYC Apartment For $13 Million

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Francois-Xavier de Mallmann, a London-based partner at Goldman Sachs Group Inc...

Liquidity Splits Bond Market Most Since Crisis

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Investors’ preference for the most- liquid corporate debt is running higher than any time since the credit crisis, a signal they’re preparing for the four-year rally to end.

U.S. Takeover Of AIG Likened To Firemen Seizing Property

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David Boies, the attorney suing the U.S. over AIG’s bailout, said the firm’s takeover was an abuse of authority similar to firefighters seizing possessions they rescued from a flood.

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