INVESTMENT

Standard & Poor's building

Ratings agencies rattle cages in U.S., Europe

The credit ratings agencies are again angering governments, but this time they are taking on the big fish of the world economy. From Washington to Brussels, Moody's, Standard & Poor's and Fitch have added to the intense pressure on governments trying to deal with crushing sovereign debt.
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Tiananmen Square in Beijing

China Urges U.S. to Act Responsibly on Debt Ceiling

China Thursday called on the United States to adopt responsible policies and measures to guarantee the interests of investors -- a communique that highlights the rising concern about a possible U.S. Government default. Meanwhile, modest debt talk progress was noted on Day 5, with bipartisan agreement on at least $1.5 trillion in spending cuts over 10 years.
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German media mogul Leo Kirch dies at age 84

German media tycoon Leo Kirch died on Thursday after years of illness and without ever resolving his protracted battle with Deutsche Bank, one of Germany's most bitter, drawn-out corporate disputes.
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Citadel ends plan to be market maker in treasuries

Hedge fund Citadel's securities arm appears to have abandoned plans to become a market maker in treasuries, prompting the company to eliminate several jobs, two people familiar with the matter said.
News Corp's Chief Executive Murdoch and his wife arrive at the White House Correspondents' Association dinner in Washington

Murdoch May Be Forced to Unload UK Papers

The beleaguered News Corp., burdened by an ever-worsening scandal regarding illegal phone-hacking, may be forced to unload its remaining newspapers in Great Britain, according to Rupert Murdoch’s biographer.
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Rajat Gupta to Pursue Lawsuit Against SEC

Rajat Gupta, the former Goldman Sachs Group Inc. director, can proceed with a suit claiming the U.S. Securities and Exchange Commission violated his rights when it filed an administrative action accusing him of passing illegal stock tips and thereby denying him a jury trial, reports say.
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Asset managers to face rising competition: study

Investors' increasingly aggressive hunt for the best returns will force the global asset management industry to up the ante and become more competitive, according to research released on Monday.
U.S. Public Works Projects: A Source of Jobs

U.S. Job Growth - Five Programs to Revive It

Cutting federal spending in 2011 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure/public works projects it would create many jobs, and achieve great things, like the construction of the Empire State Building in the 1930s and 1 World Trade Center today.

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