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Markets Turn Mixed in Afternoon Trading

New York Times - Jul. 6, 2009, 12:15 PM

Investors seemed pulled in different directions on Monday as conflicting signs emerged about the direction the economy is taking. Oil prices fell as traders bet that continued weakness in the economy would crimp demand. But stocks pulled off their lowest ...

Fed's Kohn to testify before House panel July 9

Reuters - Jul. 6, 2009, 12:09 PM

WASHINGTON, July 6 (Reuters) - Federal Reserve Vice Chairman Donald Kohn will testify on a proposal to make the Fed a systemic risk regulator before a House panel on Thursday, July 9, the House Financial Services Committee said on ...

Sector Snap: Drybulk shipping stocks sink

BusinessWeek - Jul. 6, 2009, 12:08 PM

Drybulk shipping stocks fell Monday as the rates for the largest bulk ships fell, and fears surfaced that rates have more room to slide later in the year. The Baltic Dry Index, which is run by the Baltic Exchange in London, dropped 145 points Monday to ...

Lord Browne seems keen to steer Britain's economy the Tony Benn way

Telegraph - Jul. 6, 2009, 11:55 AM

Bring back Tony Benn, all is forgiven. At least in the eyes of Lord Browne, the former BP boss, who has revealed himself as a fan of Benn's 1970s interventionist policies, at least when it came to the former Industry Secretary's willingness to use ...

CalCPA Names Windes & McClaughry Accountancy Corporation Partner Vice-Chair

Reuters - Jul. 6, 2009, 11:47 AM

Effective Immediately, Tim Good Elected Vice-Chair of the California Society of CPA's LONG BEACH, Calif., July 6 /PRNewswire/ -- Windes & McClaughry Accountancy Corporation, a leading Southern California accounting and consulting firm with 83 years in ...

Ex-Kodak Accountant Sentenced Over Kickbacks

ABC News - Jul. 6, 2009, 11:41 AM

A former corporate tax accountant at Eastman Kodak Co. has been sentenced to two years in federal prison for accepting kickbacks in a $14 million property assessment conspiracy. Mark Camarata cried as he apologized Monday for helping illegally lower ...

Ministers admit Valuation Office Agency got 600 business rates assessments wrong

Telegraph - Jul. 6, 2009, 11:35 AM

Government ministers have admitted that the body responsible for evaluating business rates for port companies got an astonishing 600 out of 1,600 assessments wrong. The failure rate of more than one-in-three by the Valuation Office Agency an offshoot of ...

IPO market shows signs of recovery after 9.9bn public offerings

Telegraph - Jul. 6, 2009, 11:35 AM

The sleepy global IPO market showed signs of recovering in the second quarter of 2009 with 76 initial public offerings worth $9.9bn (6.1bn). This compares with only 52 stock market debuts in the first quarter, which raised a paltry 863m. Despite the ...

Alcoa to post loss - what does it mean for economy?

Reuters - Jul. 6, 2009, 11:06 AM

By Steve James NEW YORK (Reuters) - Alcoa Inc (AA.N), whose results are traditionally viewed as an indicator of the country's economic health, is expected to post a third consecutive quarterly loss this week. But many on Wall Street no longer see the ...

Hedge fund gains hit nine-year high

Guardian Unlimited - Jul. 6, 2009, 10:32 AM

Hedge funds enjoyed a bonanza in May with gains at a nine-year high, according to industry figures today. A strong rise in stock values in emerging markets combined with a resurgence in stock markets across all major western economies helped the Credit ...