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BlackRock's CEO says money managers have been hurt

Tumultuous markets and financial problems in Europe are hurting profits in the asset management industry, according to Laurence Fink, chief executive of BlackRock Inc , the world's largest asset manager.

Gundlach surprise final witness at L.A. trial

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Star bond fund manager Jeffrey Gundlach made a surprise third appearance on the witness stand on Monday in his high-stakes trial with his former employer, Trust Company of the West.
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TSX slides on Greek-default, growth fears

Toronto's main stock market index fell sharply on Monday morning following a steep sell-off in global equities and commodities on mounting fears over Europe's debt crisis and slowing global growth.
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U.S. dollar bills seen

Hedge Fund Withdrawals Rise

Withdrawals from hedge funds in September fell to their lowest level since before the credit crisis, as investors nervous over traditional 'safe havens' such as the Swiss franc and gold plumped for portfolios expected to make money in all seasons.
A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York

Sprint/T-Mobile Deal May Fare Better with Regulators: Analyst

AT&T, Inc.(NYSE:T), the second-largest wireless carrier in the U.S., faces an uphill battle as the Department of Justice's (DoJ) action and upcoming Federal Communications Commission (FCC) action suggests a philosophy of too much wireless M&A too soon.
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Can Cook be an Effectual Entrepreneur Like Jobs?

With Tim Cook taking over the role of Steve Jobs the question raised is whether he can fill the shoes properly. Certainly he can if he is capable of focusing on the below five dimensions of being an excellent effectual entrepreneur.
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo

World Bank to Invest in New Hedge Fund

The World Bank is investing in a hedge fund in order to help banks reduce capital that new rules will force them to set aside against loans to small companies in emerging markets, the Financial Times reported on Monday.
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Artists Set to Win European Music Copyright Battle

Musicians are likely to win longer copyright protection of their work in Europe next week, helping artists and record labels as music revenues decline, and bringing Europe closer into line with the United States.
A U.S. flag flies outside an entrance to the New York Stock Exchange

Wall Street tumbles as ECB discord stirs fears

U.S. stocks tumbled on Friday after the top German official at the European Central Bank resigned in protest of the bank's bond-buying program, which has been a major tool in fighting the region's debt crisis.
Secretary Kathleen Sebelius

HHS Shells Out $700 Million For Community Health Centers Nationwide

The U.S. Department of Health and Human Services (HHS) on Thursday announced the availability of two funding opportunities for community health centers to help build, expand and improve community health centers across the U.S. to provide needed care to low-income Americans.
Locke calls for open trade, investment in China-U.S. relations

Locke Calls for Open Trade, Investment in China-U.S. Relations

China and the United States should reduce trade and investment barriers to create jobs, U.S. Ambassador to China Gary Locke said on Friday, striking a broadly cooperative tone in his first official public address since assuming the position in August.
A man walks out of a McDonald's restaurant in New York

McDonald's August Sales Miss; Japan Drags

McDonald's Corp (MCD.N) reported a lower-than-expected rise in worldwide August sales at established restaurants on a steep drop in Japan and a lull in new product launches in the United States.
Scotiabank buys into Guangzhou Bank for C$719 million

Scotiabank buys into Guangzhou Bank for C$719 million

Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.
Yahoo! Inc.

5 Mistakes Carol Bartz Made as Yahoo CEO

Now that Yahoo is searching for a new CEO and activist investor Daniel Loeb’s Third Point is trying to stir the pot, here are some things that former CEO Carol Bartz could have done to keep her job:
Silver bars

Silver Down on European Debt Worries

Silver and gold both fell Friday but the white metal was off proportionately more because unlike gold, which is a pure play store of value, silver has a significant and growing role in various industrial applications.
Block of gold

Gold Falls on Profit Taking, Lack of Policy Clarity

Gold prices fell Friday as investors took profits, which in turn triggered computer selling, in an environment where the absence of a clear fiscal or monetary policy on both sides of the Atlantic made any attempt at an outlook for the yellow metal unusually dicey.
Gold bar

Gold Prices Tumble in European Trading

Gold prices tumbled by 2 percent on Friday, reversing earlier gains, with traders blaming heavy fund liquidation of the metal on the New York futures market, and the downward move picking up momentum as sell stops were triggered

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