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The week that was, on Wall Street

Apr 15, 2005
Forday means it is time to check the week on Wall Street, with stockbroker and business analyst David Johnson in Dallas.
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The Lexis-Nexis security breach, was bigger than you thought

Apr 12, 2005
An unsettling disclosure from Lexis-Nexis, one of the nation's largest brokers of personal data. Last month, the company reported criminals might have tapped the personal records of 32,000 people. Today the company said the figure is really closer to 10 times that number. About 310,000 personal files. From Washington, Marketplace's Rachel Dornhelm reports.
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Hank Greenberg and Eliot Spitzer take the stage

Apr 12, 2005
Hank Greenberg, deposed head of insurance giant AIG, is scheduled to testify before Eliot Spitzer and other regulators today. Greenberg was in the news yesterday for another reason, too-he stepped down from the boards of The American Museum of Natural History and the Asia Society. As Alisa Roth reports, some other institutions may be getting nervous. Elliot Spitzer has become the boogey man in the nightmares of America's corporate leaders. But commentator Matthew Bishop wonders if New York's crusading attorney general should really be the one to keep them on their toes.
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Tax Day - the clock is ticking

Apr 12, 2005
Just three more days 'til Tax Day. And folks who haven't filed yet may be in for a little surprise this year. For the first time since 1986, filers have the option of deducting sales taxes on their returns. From South Dakota Public Radio, Curt Nickisch reports. Attorney and commentator Conrad Teitell has seen taxpayers claim some odd deductions over the years. Some, he says could make you even sympathize with the IRS.
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Former AIG leader steps down from other posts

Apr 11, 2005
The Oracle of Omaha was in Manhattan today. Warren Buffett spent the day answering questions from regulators.Buffett's not suspected of wrongdoing.But investigators do want to know more about some deals. Some transactions between a unit of Buffett's Berkshire Hathaway and insurance giant AIG. Tomorrow, the former head of AIG gets his chance to answer investigators' questions. We're hearing he won't have much to say. Published reports say Hank Greenberg will take the fifth.After almost 40 years at the helm of AIG, Greenberg's on his own. In recent weeks, he's been forced to sever all ties with the company he built up.And now Greenberg's stepped down from the boards of two important cultural institutions. Alisa Roth reports from New York.
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Comparing AIG and Enron - are they similar?

Apr 11, 2005
At 79 years of age, you'd think Hank Greenberg would be happy not to run the world's largest insurance company.You'd be wrong. When Greenberg took the reins at AIG, it's profits were $14 million. Today they are $11 billion. And for Greenberg, that says it all. Proof enough of the success of his hands-on style of leadership, he might say. In this regard, Greenberg is of another era. New York Times financial writer Kurt Eichenwald has written about AIG, and another major corporate scandal. Something called Enron.
Posted In: Wall Street

The week that was on Wall Street

Apr 8, 2005
It's Friday, which means it is time to check the week on Wall Street with stockbroker and business analyst David Johnson, this time from Washington, D.C.
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Companies open their books for earnings season

Apr 7, 2005
It's earnings season again. How good are you at reading between the numbers? Marketplace's money guru Chris Farrell joins host Kai Ryssdal to talk about some of the things you should watch for as companies open up their books.
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Goldman Sachs shifts gears on Ground Zero project

Apr 6, 2005
So this was the plan. Across from ground zero in New York, a blue-chip Wall Street firm would build a tower. West Street would tunnel under the tower to make room for a World Trade Center Memorial. But now Goldman Sachs says no. Pradnya Joshi has been covering this story for Newsday...
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Earned Income Tax Credits a boom for some businesses

Apr 5, 2005
11 days and counting. But you've probably already filed, right? There are a lot of people who can't wait for their refund checks. They are especially dear to people who fall under the poverty line and who qualify for an earned income tax credit. The government cut EITC checks for nearly 21 million Americans last year. That doesn't mean those 21 million Americans got all their money however. Alisa Roth reports from New York on how some companies take a cut right off the top.
Posted In: Wall Street

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