INVESTMENT

Super Committee Members' Campaign Contributors Are Major Lobbying Groups

Congress' Super Committee
Members of Congress' super committee responsible for slicing $1.2 trillion from the deficit have faced an intense lobbying push since being appointed to the 12-member panel, but they all have long histories of accepting money from the industries and special interest groups clamoring for a seat at the table.
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Buffett not interested in European banks: report

Warren Buffett, often mentioned as a potential savior for troubled European banks, said on Monday that he has no interest at the moment in investing in the sector, and that there is what amounts to a partial run on Europe.
HSBC

HSBC China fund JV to expand, internationalization in focus

HSBC's China fund venture said it would broaden its product line over the next five years to meet rising demand for cross-boarder investment, betting internationalization would be a new engine of growth for the country's stagnant mutual funds industry.
A man walks past the headquarters of IBM Japan in Tokyo

Buffett Builds $10.7 Billion Stake in IBM

Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned.
The sign on a Bank of America ATM machine is pictured in downtown Los Angeles

Bank of America to Sell 10.4B Shares of China Construction Bank

Bank of America Corp. (NYSE:BAC) said it agreed to sell about 10.4 billion common shares of China Construction Bank Corp. (CCB) through private transactions with a group of investors, in a move that will result in an after-tax gain of about $1.8 billion.
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HARP 2.0 Program Better Than Expected?

FBR Capital Markets said the broad changes to the Home Affordable Refinance Program (HARP) were outlined by U.S. President Barack Obama's administration on Oct. 24. However, the release of most of the technical details was delayed until Nov. 15.
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UniCredit to cut 5,000 jobs in dire quarter

Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, results due on Monday will show as the bank prepares a $10 billion rights issue and 5,000 job cuts to get back on track.
Tourists Crowd Palma de Mallorca's Arenal Beach, on the Spanish Balearic Island of Mallorca, on July 25, 2011.

U.N. Seeks Public-Private Coalition to Reap Maximum Tourism Benefits

The social and economic benefits of tourism could be strengthened if governments collaborated more closely with each other and their respective private sectors, over visas, taxation, aviation agreements and marketing, said the United Nations World Tourism Organization (UNWTO), on Monday.
A man walks past an advertisement of Japan's Olympus Corp in Tokyo

Japan's Q3 GDP Rebounds but Headwinds Remain

The Japanese economy came back to life the first time in four straight quarters, posting a 1.5 percent growth in the July-September quarter. According to data released by the Cabinet Office, the annualized growth of the economy was an impressive 6 percent.
Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Japanese Watchdog May Seek to Impose Levy on Olympus: Source

Japan's securities watchdog may recommend that a levy be imposed on the Olympus Corp. for false financial reports, a source said Sunday. The move could prevent a delisting of the company's shares over one of the country's biggest corporate scandals.

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