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Facebook Market Makers Losing At Least $100 Million

Facebook IPO
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.
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Running of the Bulls 2011. Pamplona, Spain

Is Germany Next? Investors Flee Madrid's CDS For Berlin

Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
Kate Upton

Kate Upton Is Back With Sexy Beach Bunny Swimwear Video

Kate Upton, a Sports Illustrated swimsuit edition cover girl and one of the most promising young models in America, is back with a Beach Bunny swimwear video after surviving a controversy over a sexy YouTube clip was taken down by the site.
American International Group

Judge Tosses Part Of AIG Suit Against Bank Of America

American International Group Inc. (NYSE: AIG) was partially rebuffed in its effort to get $10 billion out of Bank of America Corp. (NYSE: BAC) Wednesday, as a Los Angeles U.S. district judge dismissed some of the New York re-insurer's claims in its securities lawsuit against the giant Charlotte, North Carolina- bank.
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First Wiretap Played At Gupta's Insider Trading Trial

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.

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