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The Street's jobless recovery

When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty.
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Cuomo, Oppenheimer settle over auction-rate debt

New York Attorney General Andrew Cuomo on Tuesday said Oppenheimer & Co will restore $31 million to the accounts of customers who were stuck owning auction-rate securities that became illiquid.
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Russia very alarmed at Iranian nuclear stance

Russia said on Friday it was very alarmed by Iran's failure to cooperate with the IAEA, after the U.N. nuclear agency said it feared Tehran might be working to develop a nuclear missile.
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Russia urges Iran to cooperate on nuclear issue

Russia said on Friday Iran must cooperate more actively with the U.N. nuclear agency to convince the world its nuclear program is peaceful, and gave fresh signals the Kremlin may back sanctions.
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SEC's BofA accord up in air, Cuomo to provide details

The fate of the U.S. Securities and Exchange Commission's $150 million accord with Bank of America Corp over the Merrill Lynch & Co takeover hung in the balance as a federal judge sought help in resolving striking inconsistencies in events leading up to the merger.
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SEC: BofA didn't fire counsel for Merrill advice

Bank of America Corp fired its general counsel in December 2008 to keep Brian Moynihan, now its chief executive, from leaving the bank, and not because of legal advice concerning the takeover of Merrill Lynch & Co, the Securities and Exchange Commission said.
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Wall Street gains on earnings, economy

Stocks advanced on Wednesday as stronger-than-expected earnings from companies including Deere & Co and economic data underpinned hopes for the recovery.
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Governor Paterson calls NYT to end his misery

New York Governor David Paterson appeared on Larry King's Live Thursday evening to call the New York Times to publish a much talked about story that according to some media outlets, will force the governor to resign.
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Travel Picks: Top 10 most romantic hotel bedrooms

SINGAPORE (Reuters Life!) - Trying to renew your romance this Valentine's weekend, or surprise a new partner with a gasp-inducing getaway? Boutique hotel experts Mr & Mrs Smith have rounded up a list of the top 10 sexiest hotel bedrooms.
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Judge demands details on $150 million SEC-BofA deal

A federal judge weighing a U.S. Securities and Exchange Commission $150 million settlement with Bank of America Corp has demanded more details on why bank shareholders were left in the dark about problems at Merrill Lynch & Co before approving that company's takeover.
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FirstEnergy to buy Allegheny for $4.7 billion

Ohio-based power company FirstEnergy Corp plans to buy Pennsylvania's Allegheny Energy Inc for $4.7 billion in stock to create one of the largest U.S. utilities, but regulatory hurdles loom.
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Citigroup names new head of global commodities

Citigroup Inc said on Wednesday it has named Stuart Staley to replace the retiring head of global commodities, which the third largest U.S. bank aims to expand by 30 to 40 percent over the next three years.
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Inside Toyota's epic breakdown

Toyota Motor Corp was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States.
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Paulson, Buffett say US needed tough medicine

Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
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Paulson, Buffett say U.S. needed tough medicine

Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
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Judge questions SEC $150 million accord with BofA

A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide.
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Cuomo charges BofA, ex-CEO with fraud; SEC settles

New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.
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BofA, ex-CEO Lewis charged with fraud over Merrill

New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co.

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