CREDIT SUISSE

U.S. Tries New Tactic for Suspected Swiss Bank Tax Cheats

U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.

Morgan Stanley to Cut 580 Jobs in New York City

Morgan Stanley (MS) will axe 580 jobs in various sites in New York City due to economic reasons. The rolling layoffs began on Dec. 15 and the company has not identified a closing date, company filings with the New York Department of Labor showed Tuesday.

World Stocks Rise from 3-Week Low

World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.

India's Economic Slowdown Likely to Prolong

If Indian policymakers are hoping the country's slowing economy can rebound largely the same way it did from the 2008 global financial crisis, they are dreaming. India's economic slowdown is likely to prolong.

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Raj Rajaratnam at sentencing

Hedge Funds Getting It From All Sides... Or Not

To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.
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Exclusive: U.S. Defense Firms Blast Pentagon on Contract Changes

Over 100 U.S. aerospace and defense industry executives are urging Defense Secretary Leon Panetta to hold off on proposed changes to Pentagon contracts with industry, warning they would dampen competition, raise costs and lead to further layoffs at a difficult time.
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Verizon to buy cable spectrum, pressuring rivals

Verizon Wireless will pay top U.S. cable providers $3.6 billion for wireless airwaves and let them resell its mobile service, heating up competition with the wireless company's chief rivals.
Customers purchase the iPhone 4 shortly after the phone went on sale with the Verizon Wireless network in Boca Raton

Verizon to Buy Cable Spectrum, Pressuring Rivals

Verizon Wireless will pay top U.S. cable providers $3.6 billion for wireless airwaves and let them resell its mobile service, heating up competition with the wireless company's chief rivals.
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