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Friday, June 29, 2012

Financial news 06/29/2012

• Business Insider: U.S. among least favorable equity markets per Citi
• CNNMoney: Investors sold $1.8 bln of mutual funds in week ending 06/13
• InvestorPlace: Obamacare ruling bullish for health care stocks in long-run
• CNBC: FDIC proposes gold be considered a tier-1 banking capital asset
• NYT: Business profits declined .3% in Q1; first decline since 2008
• RT: J.P. Morgan income subsidized up to 77% via bailout funds
• AOL: Diagnostic tests to be free under Affordable Health Care Act
• IBD: Slow housing recover despite lower household credit card debt
• Bloomberg: Euro forgoes seniority in event of bailout loan default
• Reuters: Fee income for global investment banks falls 25 percent in Q2

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