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Exclusive: Germany wants Greece to give up budget control (Reuters) Reuters - Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday. Exiting watchdog sees flaws in SEC's rulewriting (Reuters) Reuters - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules. Goldman, Berkshire names surface in Gupta case (Reuters) Reuters - The names of a Goldman Sachs board member and a top executive of Berkshire Hathaway surfaced on Friday as potential witnesses in the insider trading trial of Rajat Gupta, a former director of Goldman, Procter & Gamble and other companies. Citigroup cut investment bank bonuses by 30 percent: report (Reuters)
SEC charges trader with hijacking accounts (Reuters) Reuters - Securities regulators charged a Latvian trader with reaping more than $850,000 in illegal profits by hacking into online brokerage accounts and manipulating more than 100 securities. Economic growth for the past 4 years, at a glance (AP) AP - Economic growth for the past 4 years, at a glance North America boosts Ford in 4Q (AP)
Fitch cuts Italy, Spain, other euro zone ratings (Reuters) Reuters - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. How Fastenal Is Vending a Success Story (The Motley Fool) The Motley Fool - Industrial and construction materials supplier Fastenal (Nasdaq: FAST - News) has significantly upped its market presence lately with the expansion of its industrial vending machines -- dubbed a "one-stop shop" to replenish supplies. You can save this news page by submitting it to your favorite sites:
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Reuters - Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.
AP - Ford has shown it can make money even with U.S. car sales at depressed levels. Now it needs to show it can manage a myriad of challenges outside its home region.
