economic-adviser

Berlusconi suffers 3rd gov’t resignation in (AP)

AP - Italy’s economy undersecretary has quit after being implicated in an alleged influence-peddling investigation in the third such resignation to rock Premier Silvio Berlusconi’s government in as many months.

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Berlusconi suffers 3rd gov’t resignation in
(AP)

economic-adviser

White House’s Romer: Recovery still needs support (Reuters)

Reuters - The U.S. economy needs more help to ensure the recovery is strong enough to generate jobs and bring down the stubbornly high unemployment rate, a top White House economic adviser said on Wednesday.

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White House’s Romer: Recovery still needs support
(Reuters)

economic-adviser

Corus moves to profit in fiscal 3rd quarter (AP)

AP - Canadian media company Corus Entertainment Inc. said Wednesday that it moved to a profit in its fiscal third quarter from a year-ago period hurt by a large expense.

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Corus moves to profit in fiscal 3rd quarter
(AP)

economic-adviser

MetLife set to buy AIG’s Alico unit: sources (Reuters)

Reuters - AIG was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for about $15.5 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.

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MetLife set to buy AIG’s Alico unit: sources
(Reuters)

economic-adviser

In Europe, Volcker makes case for bank trading limits (Reuters)

Reuters - Commercial banks will come to resemble hedge funds over time unless new rules are introduced setting limits on proprietary trading, White House economic adviser Paul Volcker said on Saturday.

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In Europe, Volcker makes case for bank trading limits
(Reuters)

economic-adviser

Volcker: Choice is prop trading or bank charter (Reuters)

Reuters - President Barack Obama’s economic adviser, Paul Volcker, said his proposed banking rules would force Goldman Sachs and other banks to give up their bank charters if they want to continue proprietary trading.

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Volcker: Choice is prop trading or bank charter
(Reuters)