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Source: McColl Partners in talks to be sold
The Charlotte ObserverMcColl Partners, the Charlotte investment bank founded by former Bank of America Corp. chairman Hugh McColl Jr., has been in discussions with Deloitte about a possible sale, a source familiar with the matter said. The investment bank was expected to...Tags: Investments, Finance, Economy, Business and Finance, CIT Group Incorporated, Deloitte Touche Tohmatsu Ltd.
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Scoreboard: May 14
Today |HIGH SCHOOL GIRLS’ GOLF| Hub City Invitational (Aberdeen Central, Mitchell, Pierre, Watertown), Lee Park, 10 a.m. |YOUTH BASEBALL| |at North Complex| |Rookie Division| |Games start at 5:30 p.m.| Rangers vs. Padres (A); White...Tags: Louisville Cardinals, Golf, Rick Ankiel, Cleveland Indians, Seattle Mariners
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TransUnion: Credit quality of mortgage borrowers nationwide has improved
Widely reported mortgage delinquency rates are being weighed down by older mortgages and loans long past due, and more recent mortgages are performing at pre-housing-bubble norms, according to an analysis of national lending data by TransUnion....
Tags: Loans, Federal Reserve, Chicago Mortgages, Mortgages
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Families edging out private equity in consumer deals
ReutersBy Anjuli Davies LONDON, May 14 (Reuters) - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy. Families, some of whom made their...Tags: Berkshire Hathaway Inc., Companies and Corporations, Investments, Thomson Corporation, Reckitt Benckiser
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Austria edges towards ending banking secrecy
ReutersBRUSSELS (Reuters) - Austria edged closer to ending bank secrecy for foreigners on Tuesday, bringing it into line with the rest of the EU, saying it would not block talks between the European Union and countries such as Switzerland over sharing bank...Tags: International Organizations, Politics, Economy, Business and Finance, Finance, Swiss Confederation
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Chinese official falls via Internet
China Daily, Beijing / Asia News NetworkBEIJING (China Daily/ANN) -- Liu Tienan, deputy head of the National Development and Reform Commission, China's top economic planner, is under investigation for suspected "grave violations of discipline", China's top anti-graft authority has revealed on...Tags: Media Industry, China, Germany
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EDITORIAL: GO AWAY, WAY2GO
The Free Lance-Star, Fredericksburg, Va.IS THE Way2Go card the commonwealth's version of the Edsel and New Coke? Last year, the General Assembly found a way to save the state about $200,000 on tax refunds. Instead of receiving checks, most of those eligible for refunds (the dead and those...Tags: Fredericksburg (Fredericksburg, Virginia)
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Developer blames those who testified against him
The Virginian-PilotDwight Etheridge's defense tactic in the Bank of the Commonwealth trial has been to stay in the background and distance himself from the other defendants. His attorney has gone days, if not an entire week, without asking a single question. But on...Tags: Chesapeake (Chesapeake, Virginia), House Building, Prosecution
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Criminals file phony tax forms and grab returns
The Augusta Chronicle, Ga.Criminals are outwitting the Internal Revenue Service by filing tax returns before the legitimate taxpayers can and reaping thousands of dollars in wrongful refunds. Using stolen Social Security numbers and their corresponding names and birth dates, the...Tags: Crime, Law and Justice, Politics, Theft, Criminals, Punishment
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Free help for homeowners in trouble
Albuquerque JournalNew Mexicans having trouble paying their mortgages or facing foreclosure can get some professional guidance on how to keep their homes at a free two-day event in Santa Fe sponsored by the state Attorney General's Office. "Help for New Mexico Homeowners"...Tags: Crime, Law and Justice, Citigroup Incorporated, Financial and Business Services, Lawyers, Justice System
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Icahn, Southeastern reveal board nominees as Dell seeks more info
ReutersNEW YORK (Reuters) - Dell Inc's special committee asked Carl Icahn for details on his plan to make the computer maker pay dividends and issue shares rather than sell itself to its founder, as the activist investor unveiled candidates for a new board....Tags: Elections, Thomson Corporation, Politics, Leveraged Buyouts, T. Rowe Price
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Europe could drop interest rate below zero on excess bank deposits
WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...
Tags: Federal Reserve, European Central Bank, Finance, Economy, Business and Finance, Money and Monetary Policy
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