Finance News
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European officials are outlining a rescue plan that may include deeper investor losses on Greek bonds, higher bank capital levels and increased firepower for bailouts and the International Monetary Fund.
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“Cascading default, bank runs and catastrophic risk” lie ahead for the world economy unless Europe resolves its festering debt crisis, Timothy F. Geithner told global finance chiefs on the morning of Sept. 24.
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Brookfield Office Properties Inc. postponed the cleaning of its Zuccotti Park in Lower Manhattan where Wall Street protesters have been camped out.
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Raj Rajaratnam began his odyssey through the court system in silence, remaining mute on the day of his insider-trading arrest two years ago. In the end, after choosing not to testify at his trial, he uttered next to nothing as he was sentenced to prison for 11 years.
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