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Beating the Bad Economy

Trade group SIFMA names ex-Senator Gregg as CEO

SIFMA, the U.S. securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.The Securities Industry and Financial Markets Association had been expected to give the post to interim chief executive and president Kenneth Bentsen, a veteran lobbyist, said a person close to the group.Instead, it split up the functions, naming Bentsen as full-time president with a mandate to influence a slew of rules regulators are now writing to govern trading, investment banking and mutual and hedge fund investing.Gregg, whose bipartisan credentials include two terms as governor of New Hampshire, three as senator, four as congressman, and one-time nominee for Secretary of Commerce in U.S. President Barack Obama's cabinet, said he will leave legislative maneuvering to Bentsen while he rallies the public about the need for preserving efficient U.S. capital markets and cheap a...

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  1. China April housing inflation quickens to two year high

    China's housing inflation accelerated to its fastest pace in April in two years, driven by a jump in prices in Beijing and Shanghai, complicating the task of policym...

  2. BOND REPORT: Treasurys Fall On Rising Consumer Sentiment

    Treasurys extended a price drop Friday on better-than-expected consumer sentiment data, pushing bond yields higher for the third straight week.Prices fell after the ...

  3. Fed has not lowered interest rates enough: Kocherlakota

    The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low ...

  4. Wall Street bonuses, staff levels to rise in 2013: consultant

    Wall Street bonuses and staff levels are expected to rise this year as trading and dealmaking activity pick up, according to a closely watched report released on Fri...

  5. NY AG Probes Fast Food Pay Practices

    The New York attorney general's office on Thursday said it was investigating allegations that fast-food operators in the state are underpaying workers in violation o...

  6. PREVIEW-BOJ may seek ways to calm bond yields, policy on hold

    The Bank of Japan is expected to stand pat on monetary policy next week despite jitters over the recent jump in bond yields, hoping it can stem the volatility by fin...

  7. Freddie Sees Housing Driving Economic Recovery

    Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...

  8. Freddie Mac: Housing Sector to Add Jobs, Drive Economic Recovery

    Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...

  9. Housing Starts Take Bigger-Than-Expected Drop

    Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector ...

  10. April housing starts plummet from almost five-year high

    Ground-breaking for new homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could...

  11. Beijing Ramps up Rhetoric Over EU Trade Disputes

    China hit out at the European Union on Thursday, ratcheting up its rhetoric as the EU threatens to open more investigations into whether Chinese companies sold goods...

  12. Home Builders' Confidence Up; Sales View at 5-Year High

    U.S. home builders' confidence rose this month, with sales expectations rising to the highest level in more than five years, a sign the housing market will keep driv...

  1. Aviation Industry to Government: Cut the Red Tape

    Leaders of the multibillion-dollar global business aviation industry see signs of recovery from four years of recession, they said on Monday, but they appealed to go...

  2. Thailand ETF Embodies New World Order

    In theory, it should not be good news for a high-flying emerging markets ETF when the market tracked by the fund reports first-quarter GDP growth that was 2.2 percen...

  3. UK Business Minister: RBS, Lloyds Too Risk-Averse on Loans to Firms

    The Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) are still detering smaller British companies from borrowing due to overly strict condit...

  4. Gold Slump Hits Silver

    Gold's longest slump since the financial crisis extended for an eighth day, with the tumble spilling over into silver, which fell to its lowest level since 2010.Fall...

  5. Bank of England's King sends message to successor Carney

    Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain...

  6. BoE governor King warns of euro risk to British recovery

    The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a televisi...

  7. BOE's King: More Needs to Be Done for U.K. Recovery - TV

    More needs to be done to secure the U.K.'s economic recovery, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. It's only a modest recovery, an...

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