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China's yuan hits record high - Reuters

on October 25, 2012

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China's yuan hits record high - Reuters:

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Unscrewing Shareholders

Courtesy : Daniel Fisher - Forbes By throwing out the SEC's settlement with Bank of America, a New York judge raises ugly questions about securities fraud cases. A federal judge in New York got his dander up about a practice that is routine in courts around the country: making shareholders pay twice for securities fraud . In a blistering ruling released Monday, U.S. District Judge Jed Rakoff rejected a settlement between Bank of America ( BAC - news - people ) and the Securities and Exchange Commission over $5.8 billion in bonuses it paid to Merrill Lynch employees last year, allegedly without warning shareholders. In that settlement, BofA denied lying to shareholders but agreed to pay the SEC $33 million and to never do it again. This struck Rakoff as unfair. Why should shareholders hand the government $33 million to settle claims that management hid information from them? “To have the victims of the violation pay an additional penalty for their own victimization was en

Gold Bull Market not yet Manic

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Capital4: India Stock Market Blog | India Investment Blog | Stock Trading Blog | India Financial Market Blog

Capital4: India Stock Market Blog | India Investment Blog | Stock Trading Blog | India Financial Market Blog : 'via Blog this'

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China's yuan hits record high - Reuters

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