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January 29, 2008

China to Let Brokerages Manage Assets for Individuals

Jan. 29 (Bloomberg) — China’s brokerages will be allowed to manage assets for individual clients for the first time, making securities firms less reliant on trading income in a stock market that dropped 19 percent from its October record.
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FreightCar America: The Ugly Duckling?

James Cullen submits: I recently received an email asking why FreightCar America , which primarily makes coal-carrying train cars, was ranked as the #1 stock in the market on my Top 25 Stocks List.

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Payroll-inspired rally for U.S. stocks fades at midday

NEW YORK -- U.S. stocks turned mixed at midday Friday, as a rally inspired by hopes that the Federal Reserve will conclude that it doesn't have to raise interest rates next week lost its luster. Click here for more info

Stock-trading guru Wade Cook found guilty of seven of eight criminal counts

A federal jury this afternoon found former stock-trading guru Wade Cook guilty of seven charges for failing to pay taxes on $8.9 million that the government

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