Banks, investment firms reduce Fed loans (AP via Yahoo! News)

Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.

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JPMorgan Poised to Cut Investment Banking Staff (New York Times)

Investment bankers at JPMorgan Chase should get their résumés ready. Layoffs appear imminent.

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JPMorgan cuts investment banking jobs: sources (Reuters via Yahoo! News)

JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earnings, people familiar with the situation said on Thursday.

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Australian Electricity Investment Is Picking Up, Regulator Says (Bloomberg)

Nov. 21 (Bloomberg) -- Australia's investment in new power stations to meet rising demand and replace ageing plants is ``finally picking up'' after a ``sluggish'' past few years, the country's national energy regulator said.

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BNP Paribas May Cut Bonuses by More Than 70% at Investment Bank (Bloomberg)

Nov. 21 (Bloomberg) -- BNP Paribas SA , Europe's third- biggest bank, may cut bonuses by more than 70 percent at its corporate and investment bank after profit plunged in the first three quarters of the year.

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Nevada officials OK Dubai World investment plan (AP via Yahoo! Finance)

Nevada gambling regulators gave approval Thursday for investment firm Dubai World to acquire a bigger stake in MGM Mirage Inc., a move the casino company's leader-in-waiting said will help it survive a "paralyzed" global economy.

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JPMorgan to cut 10 pct of investment bank staff (AP via Yahoo! Finance)

JPMorgan Chase & Co. is shedding about 10 percent of its investment bank staff in an effort to better weather the global economic slowdown.

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