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THOUGHT FOR THE DAY!

" As the mainstream media has become increasingly dependent on advertising revenues for support, it has become an anti-democratic force in society."-- Robert McChesney, journalist and author

 

XL Capital CDS trades upfront, stock plunges

Credit default swaps on XL Capital Ltd (XL.N: Quote, Profile, Research, Stock Buzz) began trading on an upfront basis on Thursday, and its stock price plunged more than 37 percent.

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