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Congressional Insider Trading Ban Needed to Restore Trust, but Issues May Arise: SEC

The U.S. Capitol dome in Washington
Insider trading by federal lawmakers is unlawful, but "distinct legal and factual issues" may arise and make the investigation or prosecutions difficult to proceed. However, any statutory changes on insider trading should be "carefully calibrated" to ensure they do not narrow current law, a top Securities and Exchange Commission official warned Tuesday.
Toll Brothers

Toll Brothers' 4Q Earnings Beat Estimates

Toll Brothers Inc., the largest U.S. luxury home builder, reported a net income of $15 million in the fiscal fourth quarter ending Oct. 31, or nine cents per diluted share, down from $50.5 million, or 30 cents per share, in 2010.
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Police officers stand around a structure built the night before by Occupy DC protesters on McPherson Square in Washington

11 Occupy protesters arrested in San Diego, Orlando

Police extended moves aimed at keeping anti-Wall street protesters from camping on Monday, arresting 11 people in Orlando and San Diego after a weekend clampdown in cities on both the East and West coasts netted scores of arrests.
A pedestrian walks past the NASDAQ building in New York City

Still Want to Bet Against Groupon? UBS Has a Gift for You

UBS announced Tuesday it will be adding five recently-public Web 3.0 companies, including Groupon Inc. (NASDAQ:GRPN) to its benchmark index of young public Internet companies, officially called the UBS Next Generation Internet Index.
Prostitute wearing a mask speaks with an activist as they attend a demonstration ahead of vote on a symbolic resolution to abolish prostitution at the National Assembly in Paris

French Parliament to Debate Outlawing Prostitution

Partly owing to the huge sex scandal commenced by former French presidential candidate Dominique Strauss-Kahn in New York earlier this year, French Parliament will debate a bill to ban prostitution in France on Tuesday. If passed, it could become law next year.
Bank of America's Brian Moynihan

Bank of America CEO Speech Lifts Shares

Bank of America (NYSE:BAC) shares continued rallying today, the fifth day the stock seems poised to close higher, as trading was boosted by a widely-anticipated speech from its CEO. The wider market for large financial companies was mixed.
Occupy Wall Street

Occupy Wall Street: After Zuccotti Park Occupation, Protesters Seek Shelter

As Occupy Wall Street transitions away from the Lower Manhattan encampment that was formerly its beating heart, organizers face the task of finding somewhere for the park's former inhabitants to stay. For now, several churches have been allowing Occupiers to spend the night. But that is widely viewed as a temporary solution.
People walk past a board displaying exchange rates in a money exchange house at Times Square in New York

A Culture of Debt

At both the individual and collective level, Americans have created and embraced a culture of debt. Spurred by our gluttony, we have developed an untenable habit of spending beyond our means, and it must be stopped or else generations to come will be saddled with debt, left unable to harness the American dream and prosper because it simply will no longer exist.
Facebook

Facebook to India: We Have Our Own Guidelines for Screening Content

Less than a day after the Indian government urged social networking Web sites and Internet companies to screen alleged derogatory and defamatory content about the country's religious figures and leaders, Facebook has responded noting that it removes content that violates its rules.

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