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Davos 2011

Sarkozy gives banks verbal spanking

Friday, January 28, 2011 - 01:47

Jan 27 - Summary of business headlines: Bankers in hot seat at Davos meeting; Microsoft profits fall on Windows' sales; Amazon quarterly sales gain miss consensus; LinkedIn begins IPO process; Stocks climb, but no Dow 12K. Conway G. Gittens reports.

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A technical showing that the keep them it was a game of Russian roulette with our money with our thing if it. French president Nicholas Sarkozy did not mince words at a gathering of world leaders in business executives at the World Economic Forum in novels. Responding to a warning by JPMorgan Chase you know Jamie Dimon against all regulation of the banking industry by the G-20. Sarkozy said the industry needs greater regulation after the suffering it cost at the betrayal of trust. Revealed by the crisis -- -- zone was -- it. Kenya insisted that you measure major institutions. Thank you both victims of what computers home -- total tweak trust with that -- would actually engaged. Committed you know in doing things that had absolutely nothing to do with what I would typical common sense that it. He is about time so simplistic. During his. Question diamond urged listeners to stop bashing the industry -- some banks did the right thing before after and during the crisis. In earnings news softer than expected sales of windows software led to slightly lower profit at Microsoft. And Amazon posted ourselves for the holiday quarter but not high enough to beat forecasts. In other developments Linkedin has taken in the first official steps toward an IPO. A Wall Street stocks rose across the board but the Dow once again failed to close above the 121000 mark. It was a mixed bag in Europe with Germany and France closed higher but the UK took -- -- Cuddly kittens Reuters.

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Sarkozy gives banks verbal spanking

Friday, January 28, 2011 - 01:47