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Goldman profit plunges on weak bond trading, legal provisions

Goldman, the target a government probe over the issue of mortgage bonds leading up the financial crisis, said in May it had raised the top end of its range of “reasonably possible” legal expenses to about $3.8 billion from about $3 billion. The Wall Street bank’s shares were down 1.2 percent at $210.40 in morning trading, even though the earnings – when excluding the provision – exceeded the average analyst

Beijing's battle with bears moves into futures

China’s index futures traders are still betting jittery markets will fall further even as Beijing tries to prop them up, making the futures markets a key battleground in Beijing’s campaign to restore market confidence. Index futures, established in China in 2010, give investors a way to hedge risk, and also provide short-sellers another way to make money in a falling market. Traders note that China’s major future contracts, in particular

Jeff Bridges' Old World Montecito Estate Listed at $29.5M

Filed under: Celebrity Homes, Selling Jim Bartsch via ZillowActor Jeff Bridges and his wife bought the 19-acre estate from musician Kenny Loggins in 1994. By Melissa Allison Sometimes, there’s a house. Well, it’s the house for its time and place. It fits right in there. And that’s this house, in the California coastal retreat of Montecito. Actor Jeff Bridges — beloved as The Dude in “The Big Lebowski” and an