Reuters – Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
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Goldman employees still enamored with firm and CEO
(Reuters)
Reuters – Chevron Corp , the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.
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Chevron earnings triple
(Reuters)
Reuters – Financial Crisis Inquiry Commission, a U.S. panel investigating the causes of the financial crises, may bring in outside accountants to scrutinize Goldman Sach’s systems for data on its derivatives business, the panel’s chairman told the Financial Times.
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Goldman’s derivative business may be combed: report
(Reuters)
Reuters – Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs , will launch a new fund open to retail investors, the Financial Times said on Thursday.
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Paulson & Co to launch retail fund: report
(Reuters)
AP – Americans are slowly regaining control of their household budgets.
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Americans managing debt better as economy recovers
(AP)
U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.
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6 Reasons to Delay Retirement
(U.S. News & World Report)
AP – China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
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China reduces US Treasury debt holdings in May
(AP)
This World Cup final match was rugged: not the artistry Spain is known for, nor the beauty Oranje generally brings to the pitch. In the end, the Spanish take the golden trophy with just one goal.
Reuters – Some investors are betting on major technology stocks ahead of the earnings season kicking off next week, seeing them as oversold on fears about the slowing U.S. and European economies.
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Bulls see tech stock bargains ahead of earnings
(Reuters)
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