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Hong Kong - A group of mainland Chinese investors claim they lost 500 million Hong Kong dollars (64 million dollars) after being misled by Hong Kong banks, a media report said Saturday. The banks - HSBC, Hang Seng Bank, Citibank, DBS Bank and ABN ...

The companies, which mutually decided to end the deal, had announced the takeover plan in February. "Although we continue to believe in the benefits of the transaction, our management and board of directors have determined that it was in the best ...

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A STRING of upbeat corporate reports added to positive sentiment on Wall Street today, propelling the main indexes to fresh 2009 highs. As the market resumed its rally, the blue-chip Dow Jones Industrial Average advanced 83.74 points (0.92 per cent ...

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Microsoft Corp appears to have finally locked up rival Yahoo Inc in a long-awaited Internet search partnership aimed at narrowing Google Inc's commanding lead in the most lucrative piece of the online advertising market. The details of the Microsoft ...

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Shares of KKR Financial Holdings LLC surged on Tuesday after the investment fund said it has taken steps to improve its liquidity through transactions involving collateralized loan obligations, complex debt instruments that plunged in value during ...

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My take on the stock market changed last week, because I started to buy and recommend some stocks, something I haven't done in a long time. The economy is still bad and I don't see any signs of a real recovery yet and certainly not a sustainable ...

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Two of Silicon Valley's biggest companies Agilent Technologies of Santa Clara and Palo Alto-based Varian are poised to merge under a $1.5 billion deal announced today. Under the agreement, which must be approved by Varian's shareholders ...

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Jet Airways (India) swung to loss for the quarter ended June 2009. During the quarter, the company reported loss of Rs 2,253.30 million compared with a profit of Rs 1,433.80 million in the same quarter previous year. Shares of the company gained Rs 1 ...

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UPS is spending a smaller share of its revenue on capital projects since the company went public in 1999. UPS has spent about $671 million on capital projects through the first six months of the year, or about 3 percent of revenue, compared to its ...

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NEW YORK (AP) - U.S. stock futures are rising Thursday amid news of dealmaking and a barrage of upbeat earnings reports. The rise in futures comes after gains in Asia and amid relatively flat markets in Europe. A wave of merger-and-acquisition ...

NEW YORK---- U.S. stock futures are pushing higher Thursday amid news of dealmaking and a barrage of earnings reports. The rise in futures comes after gains in Asia and amid relatively flat markets in Europe. A wave of merger-and-acquisition activity ...

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NEW YORK, July 22 (Reuters) - The dollar edged lower in choppy trading on Wednesday as a mix of encouraging remarks on the U.S. economy by the Federal Reserve chief, stronger house prices and technical factors more than offset weak bank earnings ...

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MUMBAI, July 23 (Reuters) - Indian shares rose in early trade on Thursday, trailing its Asian peers, boosted by hopes for stronger corporate results. Bharti Airtel, India's top mobile operator, gained 2.1 percent to 840 rupees after it reported a ...

Beware of dodgy headlines. Beware of soft estimates. As earnings season forges onward, nervous investors are latching onto any morsel of good news they can find - even if it's artificial. Take Caterpillar (NYSE: CAT), for example. With a history ...

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WASHINGTON (Reuters) - Amazon.com's purchase of shoe seller Zappos.com, known for attentive customer service, will likely race through an antitrust review unscuffed, antitrust experts said on Thursday. While Amazon.com is buying a rival to its ...

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LAHORE - Pakistan Sugar Mills Association Punjab Zone Chairman Javed Kayani has said that mills have sugar stock of 17,40,505 million tons, which is sufficient to cater for domestic requirement until the start of next crushing season in November ...

SEATTLE - Amazon.com Inc. says it is buying Zappos.com Inc., an online shoe store, in a deal worth about $850 million. Amazon says it will buy Zappos for about $807 million in stock, and also will pay $40 million in cash and stock to Zappos employees ...

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SANTA CLARA, Calif. - Intel, the world's biggest maker of microprocessors, says it is offering $1.5 billion in junior subordinated convertible debentures and will use proceeds to buyback stock. The company says the debentures are due in 2039. Intel ...

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SAO PAULO, July 20 (Reuters) - Brazilian stocks and the country's currency closed stronger on Monday, as continuing optimism about a possible global economic recovery encouraged risk-taking among investors. The benchmark Bovespa index .BVSP rose 2.08 ...

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Tokyo, Japan (AHN) - Most of the Asian indexes traded higher on Monday as investors gained confidence on improving economic outlook, mainly reflected by the corporate earnings results. The key benchmark index in Japan was closed for a holiday today ...

NEW YORK (Reuters) - U.S. stocks were set to open higher Monday, extending gains following Wall Street's best week in 4 months, after CIT Group Inc clinched a deal that could help avoid bankruptcy, removing some uncertainty as the financial sector ...

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NEW YORK (AP) Treasury prices fell Friday as the stock market held onto big gains from the week and as investors examined upbeat data on housing. Demand for the safety of government debt ebbed after rising Thursday. A jump in stocks put the Dow ...

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US HOT STOCKS: Targacept, Gannett, 3Par, Brigham Exploration Wall Street Journal Alcatel-Lucent (ALU, $2.46, +$0.30, +13.89%), which was also getting a boost from Intel, saw its stock-investment rating upgraded to buy from underperform ...

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It is learnt that DLF has sold its stake in a 50:50 joint venture (JV) with Ackruti City for developing a commercial project in Mumbai to a US-based real estate fund for over Rs 2 billion. Shares of the company closed down Rs 23.65, or 7.68%, at Rs ...

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NEW YORK, July 9 (Reuters) - Shares of hotel companies jumped on Thursday, bolstered by an analyst upgrade of the sector and early signs that the rate of decline in revenue per available room (RevPAR) was slowing. FBR Capital Markets upgraded the ...

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July 9 (Bloomberg) -- The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close. Frances CAC 40 Index fell 38.86, or 1.3 percent, to 3,009 ...

HONG KONG, July 9 (Reuters) - Hong Kong shares will open up 0.4 percent with a three-day pullback triggering bargain buying in local bank and property stocks, but Chinese property developers are set for a rough ride on mounting concern Beijing may ...

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NEW YORK Investors are fearing they may have bet too soon on an economic comeback. Stocks ended mostly lower Monday as drops in prices for oil and other commodities spurred worries that demand for basic materials may remain slack. Indexes ended ...

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Energy stocks led the U.S. market lower Monday, though gains in defensive categories tamed major indexes' losses as investors bet on continued economic weakness and a grim earnings season. Around midday, the Dow Jones Industrial Average was off about ...

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July 6 (Bloomberg) -- Japanese bonds may fall on speculation yields at the lowest level in three months will deter buyers before the Ministry of Finance sells 300 billion yen ($3.13 billion) in 40-year debt tomorrow. Benchmark bonds are likely to ...

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MUMBAI: Indias stock market will eye reforms to be announced by the Congress-led government in the federal budget next Monday for future trends, dealers said Friday. Investors will also track first quarter earnings data from Indian firms, for the ...

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NEW YORK (AP) A dour report on job losses is sending stocks sharply lower. Major stock indexes are down more than 2 percent Thursday after the U.S. unemployment rate hit a 26-year high. European markets were also down following similarly ...

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Employers cut 467,000 jobs from their payrolls in June, after cutting 322,000 jobs in May, the Labor Department reported Thursday morning. That made June the first month in four in which job losses rose from the previous month. Economists surveyed by ...

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NEW YORK, July 2 (Reuters) - The dollar rose versus the euro and fell against the yen on Thursday as a report showing a larger-than-expected drop in U.S. non-farm payrolls in June, renewed concerns about the economic recovery's pace. U.S. Treasury ...