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Thirty years ago this week, Wall Street slid into the abyss

NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes. The...

Jurors to weigh fraud charges against ex-HSBC executive

NEW YORK (Reuters) - Closing arguments in the U.S. trial of former HSBC Holdings Plc (HSBA.L) executive Mark Johnson came to an end Wednesday, with a lawyer for the government urging jurors to convict Johnson of defrauding a client. Prosecutors have claimed Johnson, the former head of...

IBM catapults Dow Industrials over 23,000

NEW YORK (Reuters) - The Dow Jones Industrial Average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth. The S&P 500 and Nasdaq Composite ticked up to record closing highs....

AmEx profit rises 19 percent on loan growth

(Reuters) - Credit card issuer American Express Co (AXP.N) reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs. Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter...