AP – Federal regulators have accused BankAtlantic Bancorp Inc., the parent of one of Florida’s biggest banks, and its chief executive of misleading investors about the bank’s financial health as its holdings of commercial real estate loans soured in 2007.
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Reuters – Stock index futures extended losses on Friday after reports that Standard & Poor’s could downgrade the credit rating of several euro zone members as early as Friday.
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Read More »AP – SMALL GAINS: Major U.S. stock indexes closed higher Monday after drifting between small gains and losses for most of the day. Traders were waiting financial results from Alcoa Corp., whose release just after the closing bell marked the unofficial beginning of corporate earnings season.
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Read More »AP – The specter of Europe’s debt crisis returned Thursday after a brief respite, as bank stocks fell sharply on worries about losses on government debt and a French bond auction drew lackluster demand from investors.
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Reuters – Stock index futures pointed to a lower open on Thursday on renewed concerns about the euro zone’s financial health, but encouraging employment data was expected to limit the decline.
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Reuters – Asian stocks slipped on Thursday on weakness in the U.S. and European share markets and caution ahead of an Italian debt sale, though year-end window dressing of portfolios by some traders helped trim losses.
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Reuters – Banks dragged the stock market lower on Monday, with losses accelerating late after Bank of America’s stock price fell below
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Read More »AP – European markets edged tentatively higher Monday, stabilizing after losses in Asia, as investors weighed the potential consequences of the death of North Korea’s absolute ruler, Kim Jong Il.
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