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SEC expands mortgage probe: sources

Securities regulators have broadened their inquiry into the mortgage industry, asking big banks about the early stages of securitizing home loans, two sources familiar with the probe said.

SEC sends more subpoenas in mortgage probe: sources

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U.S. regulators have opened a new line of inquiry in their mortgage foreclosure probe and are asking big Wall Street banks about the beginning stages of mortgage securitization, two sources familiar with the probe said.
Thermo Fisher to buy Dionex

Thermo Fisher to buy Dionex for about $2.1 bln

Scientific instruments maker Thermo Fisher Scientific said it agreed to acquire chromatography systems maker Dionex Corp. for about $2.1 billion to expand in Asia-Pacific regions such as China.
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Euro zone worries hit Wall Street

Stocks edged lower on Monday as investors took profits before moves by euro zone officials to keep a debt crisis contained, but the S&P 500 stood within points of a new high for the year.
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Euro zone worries pressure Wall St

Stocks dipped on Monday with investors taking profits and looking for further action from European officials to prevent a debt crisis from spreading.
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Gold jumps to $1,414 per oz on doubts on U.S. economy

Gold rose almost 2 percent on Friday, ending the week on $1,414 an ounce just a few dollars below the all-time record, as the dollar tumbled after disappointing jobs data cast doubt on the strength of the U.S. economic recovery.
Traders work on the floor of the New York Stock Exchange

Why U.S. stocks can go up in 2011

The health of the American economy and the level of accommodation in monetary policy are the two most important factors that influence U.S. stock price movements. In 2011, it seems U.S. equities may get support both.
Shoppers rush through the doors of Macy's at 5a.m. ET in search of Black Friday bargains in New York, November 27, 2009.

Black Friday is now part of the culture

Beginning well before midnight on Thursday, in malls throughout the nation, the lifeblood of the American economy – the consumers – will start queuing up outside the locked entrances of various retail stores, forming longer and longer lines, clutching ads and lists and coupons, sipping coffee and hot chocolate, rubbing their hands and stomping their feet for warmth, exciting each other with anticipatory chatter, and waiting, waiting for the clock to strike the appointed hour, the clerk to open ...
A GM sign is seen outside the Medved General Motors car dealership in Arvada, Colorado

GM shares soar after landmark IPO

Shares of automaker General Motors opened at $35 in its first trading day on the NYSE after recovering from a government funded bailout. The opening price was an increase of 2 percent from its IPO price of $33.
General Motors Vice Chairman Tom Stephens speaks in Baltimore, Maryland

GM's IPO could be the world's largest

General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
Federal Reserve vice chairwoman Janet Yellen

Fed likely to buy all $600 bln for QE2, open to QE3

The Federal Reserve is likely to spend the entire $600 billion allocated for the second round of quantitative easing (QE2) and is open to a third round (QE3) if the economy performs worse than expected.
Paulson testifies before a US House Oversight and Government Reform Committee hearing on the regulation of hedge funds, on Capitol Hill in Washington

Paulson reduces exposure to financial holdings

Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter

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