Finance Info Blog Mortgage and Financial information

3Oct/130

Gates, Ballmer seek re-election to Microsoft board

SEATTLE - Chairman Bill Gates and retiring Chief Executive Steve Ballmer are standing for re-election to Microsoft Corp's board of directors, despite recent moves by some investors to reduce their influence, according to the software company's annual proxy filing made public on Thursday.

reuters.com

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3Oct/130

Citigroup fined $30 million after analyst sent report to SAC, others

BOSTON - Citigroup Inc was fined $30 million by Massachusetts' top securities regulator after an analyst sent unpublished and confidential research about a technology company to institutional clients, including Steven A. Cohen hedge fund SAC Capital Advisors, officials said on Thursday.

reuters.com

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2Oct/130

Sharper display Apple iPad Mini faces delay: sources

TAIPEI/TOKYO - Apple Inc will be unable to widely roll out a new version of the iPad Mini with a high-resolution "retina" display this month, people who work in the company's supply chain said, leaving the gadget without the sharper screen found on rival tablets from Google Inc and Amazon.com Inc.

reuters.com

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1Oct/130

JPMorgan insider helps Justice Department in probe: WSJ

- An insider at JPMorgan Chase & Co has supplied a large amount of information related to the sale of mortgage securities to the U.S. Justice Department, which is using the documents to pursue possible criminal charges against the bank, the Wall Street Journal reported citing people familiar with the matter.

reuters.com

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1Oct/130

Dollar steady ahead of U.S. government shutdown deadline

TOKYO - The dollar held steady on Tuesday as investors waited with bated breath as a partial U.S. government shutdown appeared inevitable with less than a half-hour to go before midnight in Washington, a move which could crimp growth and dampen consumer confidence in the world's largest economy.

reuters.com

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30Sep/130

What to do with $1,000 now!

After 5 years of self-imposed austerity, now is the time to think about upgrading rather than cutting back. When it comes to home, travel, finances, or your career, the key is still to find the best value for your money.

CNNMoney.com

30Sep/130

Calpers joins opposition to Richmond, California’s mortgage plan

SAN FRANCISCO - As Richmond, California, moves forward with a plan to help struggling homeowners by using its power of eminent domain to seize underwater mortgages, the list of opponents is growing -- and now includes the pension fund for many of the very same city workers pushing the plan.

reuters.com

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30Sep/130

Tokyo Electric set to receive $5.9 billion financing in October, December

TOKYO - Creditors of Tokyo Electric Power Co are set to provide some $5.9 billion in financing to the embattled utility by the end of the year, offering a lifeline to the company struggling to contain the disaster at its crippled Fukushima facility, a person involved in the talks told Reuters on Monday.

reuters.com

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29Sep/130

NZ PM Key sees lower asset sale proceeds, no Solid Energy sale

WELLINGTON - New Zealand Prime Minister John Key said on Monday he expected proceeds from the sale of state-owned assets would be near the low-end of the expected range of NZ$5 billion-NZ$7 billion ($4.13 billion-$5.78 billion) due in part because the troubled coal miner Solid Energy would not be coming to the market.

reuters.com

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27Sep/130

Special Report: Pimco shook hands with the Fed – and made a killing

NEW YORK - Through the second half of 2011, debate raged in financial markets over whether the U.S. Federal Reserve would embark on a third round of massive bond purchases, known as "quantitative easing," to shore up an anemic economy. Pacific Investment Management Co wasn't waiting to find out.

reuters.com

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