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How Morgan Stanley sank to junk pricing
The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month. Bond rating agency Moody's Investors Service has said it may cut Morgan Stanley by at least two notches in June, to just two or three steps above junk status. Many investors see such

Yellow metal regains safe-haven status, soars to record high

Lower-than-expected US non-farm payroll data poses risk for the USD, gold comes to rescue Gold has regained the safe-haven status and entered into a bull phase after months of stagnation, as

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Rajiv Rao: Delink Rajat Gupta from his community

The New York District Attorney's prosecution of Rajat Gupta, the former head of McKinsey and a member of the boards of some of the world's most powerful companies - such as Goldman Sachs and Proctor

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NATO rescues aid workers held by Afghan militants

It was a risky but successful operation: British and other NATO forces stormed a cave tucked in the mountains before dawn Saturday and rescued two foreign female aid workers and their two Afghan

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Robber hits 3 NYC banks in 30 minutes
Police say a busy crook robbed three New York City banks in just 30 minutes.

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Penn State trial to paint 2 portraits of Sandusky

Before his arrest on child molestation charges seven months ago, Jerry Sandusky was widely considered a living Penn State sports legend and the founder of an exemplary organization that worked

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