Financial News of the Day
- Under allegations that it helped cover up fraud by Bernie Madoff, JPMorgan Chase agrees to pay $2.6 billion to investors and U.S. government
- Hedge funds trail S&P 500 Index for fifth straight year
- U.S. trade deficit falls to four-year low due to weak imports
- U.S. set to lift ban on fresh beef imported from Brazil
- Alternative lenders continue to grow, with interest rates sometimes in excess of 50% annually
- Federal regulators open a probe into Goldman Sachs, Barclays, JPMorgan Chase, other big banks over deliberate mispricing of mortgage bond trades after 2008
- Volcker Rule will likely prompt Citigroup to sell $1 billion stake in private equity fund
- Offshore captive insurers affiliated with Texas companies flock back to Texas to take advantage of new captive domicile law
- Fabulous Fabrice denied new trial in SEC case
- Sales of nine top brands of beer in U.S. dropped 25% in volume between 2007 and 2012
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- Sales of nine top brands of beer in U.S. dropped 25% in volume between 2007 and 2012
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