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Citi to pay $285 Million to Settle CDO Case: SEC

Citigroup Inc will pay $285 million to settle charges that its U.S. broker-dealer unit misled investors about a $1 billion mortgage bond deal, the U.S. Securities and Exchange Commission said on Wednesday.
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Bank of New York Mellon Q3 Earnings Up, Beats Analyst's Call by a Penny

The Bank of New York Mellon Corporation (NYSE: BK) reported a third quarter net income of $651 million, or $0.53 per common share Wednesday morning, an increase of 4.7 perecent when compared with $622 million, or $0.51 per common share, in the third quarter of 2010. The results were a penny over mean analyst predictions of $0.52 per share.
A pedestrian walks past the new Starbucks logo on a store in Times Square in New York

Starbucks adds lighter 'Blonde' roast to lineup

Starbucks Corp is going Blonde, expanding its coffee lineup with its lightest roast to date in a move aimed at wooing more customers and capturing a bigger share of the U.S. coffee market.
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Steinhoff, Kap in $1.1 billion deal

South African group Steinhoff will swap several of its industrial units for a bigger stake in Kap International, in a $1.1 billion deal giving it control of the manufacturing firm.
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US Senate Approves Pipeline Safety Bill

The U.S. Senate unanimously approved a pipeline safety bill on Monday that would require strength-testing of old pipes and hike fines for safety violations after a series of accidents and explosions.
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TEXT: California Nuclear Plants Face Uncertainties Says S&P Report

Many factors are converging to create additional risk for owners of California nuclear plants during the relicensing process, according to an article published today on RatingsDirect on the Global Credit Portal. The Ground Shaking Reality For California's Nuclear Power notes that, in the wake of the Fukushima disaster, California is likely to carefully evaluate relicensing its two nuclear power plants.
A man walks past the headquarters of IBM Japan in Tokyo

IBM's Q3 heightens caution, spurs sell-off

IBM's quarterly revenue and services signings barely met Wall Street forecasts, underscoring investors' fears about slower information technology spending and depressing its stock more than 3 percent.

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