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Wall Street cuts losses on late buying (Reuters)

Trader Frederick Reimer works on the floor of the New York Stock Exchange, January 23, 2012. REUTERS/Brendan McDermidReuters - Stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012.


Exclusive: Germany wants Greece to give up budget control (Reuters) Reuters - Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday.Exiting watchdog sees flaws in SEC's rulewriting (Reuters) Reuters - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.Goldman, Berkshire names surface in Gupta case (Reuters) Reuters - The names of a Goldman Sachs board member and a top executive of Berkshire Hathaway surfaced on Friday as potential witnesses in the insider trading trial of Rajat Gupta, a former director of Goldman, Procter & Gamble and other companies.Citigroup cut investment bank bonuses by 30 percent: report (Reuters)

George Eastman (L), founder of the Eastman Kodak Company, is shown with fellow inventor Thomas Edison, in this undated publicity photograph from the George Eastman House International Museum of Photography and Film's press site. Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection January 19, 2012, capping a prolonged plunge for what remains one of America's best-known companies. The 130-year-old photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to keep it going. REUTERS/Courtesy George Eastman House International Museum of Photography and Film/Handout (UNITED STATES - Tags: BUSINESS) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTSReuters - Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.