IN BUSINESS
Published: November 30, 2008
Bond yields drop again
Yields on long-term government debt sank to record lows Friday, the last trading day of the month, as investors continued to bet on an extremely weak economy. The 30-year yield dropped to about 3.43 percent, the lowest level since the government started issuing the bond. The 10-year yield also fell further below 3 percent to the lowest level since it’s been issued.
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Shareholders face deadline
This week, Enron shareholders started receiving notices from the U.S. Securities and Exchange Commission that they may be eligible to receive part of the $450 million in Enron-related civil fines collected by the agency. A year ago shareholders started receiving forms and instructions for claiming part of $7.2 billion in settlements from a massive conglomerate of securities lawsuits. The deadline to submit a claim is April 6.
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