Finance set to surpass tech as most-profitable U.S. industry

TSA Unusual Confiscated Objects

A panel of senior judges will determine in coming days whether George Papaconstantinou should face trial on criminal charges of alleged breach of duty and tampering with a document. A majority of lawmakers voted early Tuesday to lift Papaconstantinou’s immunity from prosecution over the fate of a list of about 2,000 names provided by French authorities in 2010 as Greece’s economy was struck by a major crisis. Greek authorities failed to investigate the data for potential tax evasion, and the names of three of Papaconstantinou’s relatives were allegedly removed from the list. Speaking in Parliament Monday, Papaconstantinou denied wrongdoing, arguing he was the victim of a smear campaign. on Twitter, become a fan on Facebook Join the Discussion You are using an outdated version of Internet Explorer.


financial services companies in the S&P 500 index are expected to report that they earned aggregate profits of $49 billion in the second quarter. That’s almost 20% of the $247 billion in quarterly earnings expected from the S&P 500 companies as a whole. By comparison, the tech sector is expected to report earnings of $41.5 billion, or 16.7% of the quarterly total. For all of 2013, the finance sector is expected to post profits of $198.5 billion, or just over 19% of the total, while tech companies are expected to produce $183.1 billion, or just under 18%. That would be a reversal from 2012, when the technology sector contributed 19% of the total annual earnings of the S&P 500, while financial services produced 18%.

Czech Finance Minister Turns to Donors to Quell Campaign Attacks

The Social Democrats, the largest parliamentary party, demanded early elections and attacked Fischer for what they said were unclear campaign finances. The yield on 10-year government koruna debt, which reached an all-time low 1.48 percent on May 17, rose 1 basis point, or 0.01 percentage point, to 2.074 percent today, holding 51 basis points below comparable U.S. Treasuries, according to data compiled by Bloomberg. Drabs Cash Fischer asked entrepreneur Ladislav Drab to disclose the origin of the cash deposit he had placed in the presidential campaign account, according to the statement. Another supporter, Stefan Havlik, must specify whether his contribution was a gift or a loan, Fischer said, adding hell return the money if the two dont provide the clarifications by 4 p.m.


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