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Tag Archives: Wall Street

From "too big to fail" to too big to jail?

America’s banking crisis may be receding into history but not so the desire of everyday Americans to bring the perpetrators of the criminally induced collapse to justice. While those behind rigging the system for their own benefit may never be forced to account for their actions, the reason why they are getting off free could bring the nation a huge ...

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Sanderson shares down as analyst expects bigger losses

LAUREL — Shares of Sanderson Farms Inc. dropped 4 percent today as an analyst predicts the poultry producer’s third-quarter loss will be bigger than Wall Street’s forecast due to falling chicken prices and higher feed costs. Jefferies analyst Jeff Farmer estimates Sanderson will lose $1.25 per share in the quarter, compared with Wall Street’s expectations for a loss of 86 ...

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Here we go again: Another big down day for Dow

NEW YORK — Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global sell-off in stocks. The Dow Jones industrial average fell 419 points — a return to the wild swings that gripped the stock market last week. Stocks were only part of ...

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Wall Street bonuses keep rising

NEW YORK — Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, New York state Comptroller Thomas DiNapoli said today. Total compensation at the largest securities firms grew beyond that figure and profits could surpass what he calls an unprecedented $55 billion last year, DiNapoli ...

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Parkway fires CFO, stock tumbles

Parkway Properties Inc. (PKY US) fell 13.78 percent to $17.20, after sinking as much as 13 percent, the most intraday since April 20. The real estate investment trust reduced its annual dividend to 30 cents a share from $1.30 and said it fired J. Mitchell Collins as chief financial officer.

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