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Bond Market Update: Rally in Corporates Disguises Churning, Convoluted Dynamic

Bond Market
A current rally in the sprawling $7.74 trillion field for corporate bonds, which are issued as debt by major American corporations, belies a great churning occurring just beneath the market's surface. Recently, Richard Prager, who heads the bond strategy desk at the world's largest asset management firm, put it succinctly: "Houston, we got a problem."
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Appeals Court Weighs Next Steps in BofA Mortgage Deal

Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp's mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case.
Steve Jobs

‘The Ultimate Steve Jobs Collection’ is Must-See for Apple Fanboys [VIDEOS]

Steve Jobs pushed an entire industry to think different. After passing away late last year, Jobs left an impression among many across the world as an innovator, rebel and entrepreneur. While Apple still maintains a cult-like status, many remained fixated on the lessons that can be learned from iconic founder Steve Jobs. For those who have finished the book, but still crave more from the fabled story of Jobs, Scott Hurff has put together The Ultimate Steve Jobs Collection.
Jenny McCarthy

Jenny McCarthy Gets Talk Show on VH1

It seems that VH1 is destined to break the record for most celeb reality shows crammed into one network! It was announced today that sexpot/funny woman Jenny McCarthy will star in a new series called 'The Jenny McCarthy Show'.
2012 Best in Show: Pekingese

Westminster Dog Show 2012: Who Were The Past Winners of 'Best in Show?' [PHOTOS]

Champion Palacegarden Malachy, a tiny, furry Pekingese, won the Best in Show title late Tuesday at the 136th Annual Westminster Kennel Club Dog Show. Take a look at the most recent past winners of the Westminster Dog Show, including a Scottish Deerhound, a Scottish Terrier, a Sussex Spaniel, a 15-Inch Beagle, an English Springer Spaniel and a Colored Bull Terrier.
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Citigroup Pays $158M in Mortgage Fraud Pact

Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
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Cisco Appeals EU's Approval of Microsoft-Skype Deal

Cisco Systems Inc has challenged EU clearance of Microsoft Corp's acquisition of Internet voice and video service Skype at Europe's second highest court, saying the commission should have put tougher conditions on the deal.

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