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UK watchdog fines Goldman Sachs $27 million

Reuters: Business News — Thu, 09 Sep 2010 10:20:02 +0000

LONDON (Reuters) – Britain’s financial watchdog slapped a 17.5 million pounds ($27 million) fine on Goldman Sachs on Thursday for inadequate disclosure of a U.S. probe into the Wall Street powerhouse.

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BP blames contractors for oil spill

Reuters: Business News — Wed, 08 Sep 2010 14:56:54 +0000

LONDON (Reuters) – BP attempted to place much of the blame for the rig blast that led to the United States’ worst-ever oil spill on its contractors, Transocean and Halliburton.

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BP shifts U.S. oil spill blame onto contractors

Reuters: Business News — Wed, 08 Sep 2010 14:00:02 +0000

LONDON (Reuters) – BP shifted much of the blame for a rig blast that led to the United States’ worst-ever oil spill onto its contractors Transocean and Halliburton.

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BP says Transocean missed danger signs on rig

Reuters: Business News — Wed, 08 Sep 2010 12:40:16 +0000

LONDON (Reuters) – BP deflected much of the blame for a rig blast that led to the United States’ worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor Transocean had missed danger signs.

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HSBC faces thorny issues in hunt for new chairman

Reuters: Business News — Wed, 08 Sep 2010 12:40:03 +0000

LONDON (Reuters) – For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman.

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BP set to publish report on oil spill rig blast

Reuters: Business News — Wed, 08 Sep 2010 11:20:18 +0000

LONDON (Reuters) – BP is due to release its internal investigation into what caused a rig blast that led to the United States’ worst ever oil spill on Wednesday and investors will be looking for clues as to whether BP will be able to fend off accusations of gross negligence.

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Stock futures point to weaker Wall St

Reuters: Business News — Wed, 08 Sep 2010 08:57:07 +0000

LONDON (Reuters) Stock index futures pointed to a slightly lower opening for U.S. shares on Wednesday, extending a decline from the previous session, as worries about the financial health of the euro zone’s banks resurfaced. * At 0841 GMT futures for the Dow Jones, S&P 500 and Nasdaq were down between 0.1 and 0.2 percent.

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HSBC Chairman Green to step down

Reuters: Business News — Tue, 07 Sep 2010 14:44:36 +0000

LONDON (Reuters) – Change swept through the top of Britain’s banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.

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HSBC confirms Chairman Green to step down

Reuters: Business News — Tue, 07 Sep 2010 14:20:42 +0000

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Basel bank talks refocus investors on capital

Reuters: Business News — Tue, 07 Sep 2010 14:20:31 +0000

LONDON (Reuters) – Global regulators meeting on Tuesday look set to finalize tougher bank capital rules roughly in line with expectations but the package may take effect sooner than anticipated, raising investor concerns over dividends.

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