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McCain Blasts Obama on Lobbying Ethics

WASHINGTON – Republican Sen. John McCain on Monday accused his Democratic colleague Barack Obama of “partisan posturing” on the issue of lobbying ethics reform — a charge Obama called puzzling and regrettable. The exchange, made in letters between the pair, was the latest sign of trouble as the two parties …

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BlackRock, Merrill Announce Money Manager Deal

NEW YORK – BlackRock Inc. is gaining control of the asset management arm of Merrill Lynch & Co. in a deal that will create one of the world’s biggest money managers with $1 trillion in assets, the companies said on Wednesday. Merrill (MER) will move its Merrill Lynch Investment Managers …

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Bernanke Appears Before Senate

WASHINGTON – Federal Reserve Chairman Ben Bernanke Thursday repeated an upbeat assessment of the U.S. economy’s health and warned again about inflation risks in a second day of testimony on Capitol Hill. Bernanke told the Senate Banking Committee the U.S. expansion remained “on track” but suggested some more interest-rate rises …

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