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A federal judge who has previously criticized the SEC's approach to settling securities cases rejected a $285 million settlement with Citigroup over a mortgage-bond deal.
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Massachusetts Democratic Rep. Frank, a key lawmaker on financial issues and a longtime liberal voice on Capitol Hill, said he won't seek re-election.
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Some economists are reaching a troubling conclusion: The American labor market is looking more European than ever.
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Stocks rose as euro-zone leaders neared a pact to stem Europe's sovereign-debt crisis. A strong start to the holiday shopping season also helped boost the retail sector.
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