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Hotel recovery hurt as superstorm Sandy causes cancellations
Revenue growth at U.S. hotels, already hurt by slowing traveler demand, will be hampered further by Sandy, the superstorm that blacked out much of southern Manhattan and flooded areas along the East Coast.By tackling the glaring conflict of interest created by a credit rating system beholden to issuers, Obama's pick to lead the SEC could prove she plans to live up to her reputation for toughness.
Lewis Tein's Defense Tab Against Miccosukees Tops $1 million
The Miami law firm of Lewis Tein asks a federal judge to stay a discovery order to produce its tax returns and acknowledges being billed $1 million for its defense against suits filed by the Miccosukee Indian tribe.Mutual funds: Inside India's rally
MUMBAI, India - Stock researcher Ashit Kothari is living the Indian growth story he spends his days analyzing.Step into the hallway outside his fourth-floor office and find workers with head wraps and slippers installing an air-conditioning system for the building. On the ground floor, find a directory of employee-recruiting and computer-software companies that are rapidly filling the floors.Two months after opting out of a class action against Pfizer, a group of major public and private institutional investors are taking matters into their own hands. On Thursday the breakaway investors and their lawyers at Bernstein Litowitz filed their own securities fraud suit, accusing Pfizer of duping shareholders about risks associated with two once-blockbuster drugs.
Banks profited as middlemen in Fed plan
State Street Corp. and JPMorgan Chase Co. profited during the financial crisis by borrowing $200 billion almost risk-free from the Federal Reserve under a program intended to rescue money market mutual funds. The Fed lent State Street a total of $89 billion to buy securities from the funds in 2008 and 2009 after the credit crisis triggered by the collapse of Lehman Brothers Holdings Inc.Trending Stories
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