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The Fictional 15: Wealthy, Famous… And Imaginary

 

Reuters

Will corporate earnings justify gains?

Reuters – Fri Apr 8, 5:36 pm ET NEW YORK (Reuters) – Investors will look to corporate profits and outlooks next week for confirmation the S&P 500 has another leg to its rally as the earnings season gets under way. Full Story »

Late budget deal avoids costly shutdown

Reuters – Sat Apr 9, 4:00 am ET

Saudi Alwaleed backs Citigroup reverse stock split

Reuters – 1 hr 58 mins ago

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• EU wants more Portugal austerity as EU unions protest

  Reuters – 1 hr 26 mins ago

  Reuters

  GODOLLO, Hungary (Reuters) – EU finance ministers on Saturday urged Portugal to commit to reforms and defended the region’s austerity steps as tens of thousands of European workers protested in Budapest against spending cuts. Full Story »

• EU’s Rehn excludes Greek debt restructuring

  Reuters – 2 hrs 28 mins ago

  BERLIN/GODOLLO, Hungary (Reuters) – A restructuring of Greek debt is out of the question, Economic and Monetary Affairs Commissioner Olli Rehn said on Saturday. Full Story »

• TMX deal opponent set to issue “minority” report

  Reuters – Fri Apr 8, 1:08 pm ET

  TORONTO (Reuters) – A critic of plans to take over Canadian exchange operator TMX Group will put out a minority report that opposes recommendations to come from an Ontario legislative panel, raising the prospect that an early step in a complicated review process will approve the deal. Full Story »

• Fed’s Lockhart sees muted inflation effect from oil

  Reuters – Fri Apr 8, 10:08 am ET

  KNOXVILLE, Tennessee (Reuters) – Americans still expect inflation to remain stable, making it unlikely that recent spikes in commodity costs will lead to runaway increases in prices, a top Federal Reserve official said on Friday. Full Story »

• Banks to post profits, but loan growth elusive

  Reuters – Fri Apr 8, 7:14 pm ET

  CHARLOTTE, North Carolina (Reuters) – Investors looking for loan growth and surging revenues at the biggest U.S. banks, including Citigroup Inc are likely to be disappointed by first-quarter earnings. Full Story »

• Spain says banks healthy while Berlin warns its laggards

  Reuters – 30 mins ago

  GODOLLO, Hungary (Reuters) – Spain’s finance minister said on Saturday that the results of stress tests on Spanish banks would reassure investors, contrasting with Germany which said any failing lenders would get no help from Berlin. Full Story »

• Don’t fight an IRS audit by yourself, and other times to rely on a CPA

  ContributorNetwork – Fri Apr 8, 2:54 pm ET

  As a tax professional with several years’ worth of experience, it can be more than a little annoying to be compared to TurboTax. After all, what I do every day is not the same as a do-it-yourself tax preparation computer program. Full Story »

• EU finance ministers defend austerity

  AP – Sat Apr 9, 7:56 am ET

  AP

  GODOLLO, Hungary – European finance ministers on Saturday defended painful austerity measures as a necessary means to defeat the region’s crippling debt crisis. Full Story »

• Retailers surprise with March sales strength

  Reuters – Thu Apr 7, 2:11 pm ET

  Reuters

  CHICAGO (Reuters) – Shoppers scooped up bright spring clothing in March, painting a more upbeat picture of consumer spending as the job market improves. Full Story »

• House Investigates Trial Lawyers Who Ran Crisis Probe

  Investor’s Business Daily – Fri Apr 8, 7:11 pm ET

  The powerful House Oversight and Government Reform Committee is expanding its investigation of possible ethics violations by the Financial Crisis Inquiry Commission, including improper “backdoor communications” between the panel and trial lawyers suing major banks over subprime investments, IBD has learned. Full Story »

• Marine nuclear rescue team stands ready in Japan

  AP – 1 hr 53 mins ago

  AP

  TOKYO – Wearing gas masks and baggy gray body suits, a special U.S. Marine Corps unit trained to rescue people in chemical, biological or nuclear emergencies held drills Saturday with Japanese counterparts, standing ready to help out if needed around the crippled Fukushima Dai-ichi nuclear plant. Full Story »

• IRS squeezes every penny from citizens, but GE pays nothing

  ContributorNetwork – Fri Apr 8, 4:28 pm ET

  Reuters

  COMMENTARY | We’re a few days from the April 15 tax deadline. I just received an IRS mail audit tapping us for an additional $708 on top of the thousands we paid in 2009. Full Story »

• Nissan makes temporary production cuts in Mexico

  AFP – Fri Apr 8, 11:16 pm ET

  AFP/File

  MEXICO CITY (AFP) – Nissan Motor Co. plans to close for up to 15 days its two assembly plants in Mexico because of a shortage of parts from Japan after the March 11 earthquake and tsunami, the company said. Full Story »

Larry Summers Calls The UK’s Cuts For Growth Strategy “Oxymoronic”

Gregory White | Apr. 9, 10:54 AM | 0 |

 

A Major Economic Warning Is Coming From The UK

Joe Weisenthal | Apr. 9, 10:36 AM | 91 | 2

 

A Simple Example Of How Chinese Wage Inflation Can Hit American Consumers

Gregory White | Apr. 9, 10:32 AM | 79 |

 

Here’s The Real Reason The GOP Caved On NPR And Planned Parenthood

Joe Weisenthal | Apr. 9, 10:23 AM | 424 | 6

 

Deutsche Bank On Why The Unemployment Situation Is Much Better Than You Think

Gregory White | Apr. 9, 9:53 AM | 110 |

 

Why The Jobs Shortage Is Worse Than It Sounds

Rick Newman, U.S. News & World Report | Apr. 9, 9:30 AM | 400 | 5

 

George Soros Says The US Should Take On More Debt And Not Be Obsessed With Budget Cuts

Gregory White | Apr. 9, 9:22 AM | 378 | 15

 

Here’s How You’ll Know When The US Sovereign Debt Crisis Is Finally Here

Joe Weisenthal | Apr. 9, 9:15 AM | 2,846 | 8

 

Why Is The Government Open? Because Republicans Finally Caved On Planned Parenthood and NPR

Henry Blodget | Apr. 9, 8:59 AM | 1,426 | 22

 

Jamie Dimon Admits JPMorgan Could Lose $3 Billion If European Countries Default

Gregory White | Apr. 9, 8:55 AM | 126 | 1