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Goldman Sachs

2010 could become Wall Street’s second most profitable year ever

In spite of a fragile U.S. economy, 2010 could end up the second most profitable year for New York City’s securities industry, with the average Wall Street bonus topping last year’s figure due to fewer workers and high earnings, according to a report by the State Comptroller of New York.

Stocks finish narrowly mixed in lethargic trading session

Traders gather around the General Motors trading post on the floor of the New York Stock Exchange
Stocks finished narrowly mixed in lethargic trading as an early jump on a benign jobless claims data faded away on a stronger U.S. dollar and later on news that Democrats in the House voted against considering the tax cut extensions that President Obama negotiated with Republicans.
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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
Macy’s make extensive plans for coming holiday season.

Macy’s makes extensive plans for holiday season

Following its annual tradition of celebrating the magical season of Christmas, Cincinnati-based Macy's Inc. on Tuesday announced a series of special events and displays for children and adults alike.
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Stocks rise on economic data

U.S. stocks rose in thin trade on Wednesday as retailers' earnings and a report showing a slight improvement in private employment boosted optimism ahead of Friday's payrolls report.
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Time Warner raises outlook as ad spending improves

Time Warner Inc raised its full-year outlook after quarterly revenue grew at the fastest pace in two years, thanks to a surge in advertising sales at its cable networks and strong turnouts for movies like Clash of the Titans.
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Goldman defends its collateral calls to AIG

Goldman Sachs said that it believed its trades with bailed-out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market.
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Wall Street marks best month in a year in July

U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
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China runs stress tests on property trusts: report

China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources.
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Market slides after Bernanke testimony

U.S. stocks fell on Wednesday as investors were discouraged after Federal Reserve Chairman Ben Bernanke said the U.S. economy faces unusually uncertain prospects.
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Wall Street marks best week in a year

Wall Street closed out its best week in a year on Friday, snapping back from a long stretch of selling, as investors looked ahead to what many expect will be a solid earnings season.
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Wall Street has best week in a year

Wall Street closed out its best week in a year on Friday, snapping back from a long stretch of selling, as investors looked ahead to the start of the earnings season.
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Goldman says claims on AIG were legitimate

Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
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Goldman says demand for AIG money was for clients

Goldman Sachs demanded billions of dollars in collateral from AIG to protect its customers, the Wall Street bank said on Thursday, defending itself against accusations that it contributed to the insurer's woes while padding its own profits.
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Goldman, AIG trade barbs over collateral calls

Goldman Sachs demanded billions of dollars in collateral from AIG to protect its customers, the Wall Street bank said on Thursday, defending itself against accusations that it contributed to the insurer's woes while padding its own profits.

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