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Federal Reserve Returns $79 Billion In Profits To Federal Government

The bank returned $79 billion to the U.S. Treasury, a 68% increase over 2009.

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The Federal Reserve profited $81.7 billion in 2010, a record high, up from $53.4 billion in 2009.

By Stephanie Shyu
sshyu@fnno.com

What's In The News: January 14th, 2011

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This is what's in the news for Friday, January 14th. Reuters reports that Sanofi-aventis (SNY) will now offer about $76 a share or about $20B to hopefully win its takeover bid for Genzyme (GENZ). the Wall Street Journal report

By Stephanie Shyu
sshyu@fnno.com

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