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Stock index futures flat; Gap eyed

Stock index futures pointed to a flat opening on Wall Street on Friday, with futures for the S&P 500 up 0.03 percent, Dow Jones futures up 0.02 percent and Nasdaq 100 futures down 0.01 percent at 4 a.m. EDT.

Who gets $25-million bounty on Bin Laden's head? No one, says US

The million-dollar question surrounding the killing of terror master mind Osama Bin Laden seems to have been answered. According to reports, the U.S. government will not pay out the $25 million reward the Department of State had announced years ago for anyone giving clues leading to his capture.
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Goldman cuts Intel to sell as supply glut looms, shares fall

Intel Corp could suffer due to slowing processor shipments, rising competition and record capital expenditure levels this year, warned Goldman Sachs analysts, who in a rare downgrade, cut their rating on the stock to sell, sending its shares down nearly 3 percent.
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Glencore's record IPO makes muted debut

Commodities trader Glencore made a lukewarm market debut on Thursday that handed it currency for future acquisitions, with its shares struggling to break much above its widely expected launch price of 530 pence.

Strauss-Khan Used NY Escort Service: Madam

Dominique Strauss-Kahn, the disgraced former chief of the International Monetary Fund (IMF) now facing sexual assault charges, was a frequent customer of a notorious Manhattan escort service, according to reports.
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HSBC says cost cuts to come from outside Asia

HSBC Holdings Plc , Europe's biggest bank, will find most of the $3.5 billion it wants to save by trimming staff and cutting less profitable operations outside of Asia, its chief executive said on Thursday.

No support in Britain for Gordon Brown as New IMF Chief

Gordon Brown’s chances of taking over as boss of the International Monetary Fund (IMF), now that DSK has resigned, got even dimmer after UK Business Secretary Vince Cable indicated that Westminster would prefer from a Euro Zone nation as the new IMF chief.

Sarkozy Warned Strauss-Kahn In 2007 To Curb His Behavior

Dominique Strauss-Kahn’s reputation of inappropriate behavior with women was so alarming that as long as four years ago, French President Nicolas Sarkozy warned him to control his behavior just prior to his assumption of the managing directorship of the International Monetary Fund (IMF), according to a report in The Times newspaper of Britain.
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WTO gives mixed verdict on Airbus appeal

Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.

IMF Warns Greece: Shape Up Or Else

The International Monetary Fund’s (IMF) chief official responsible for Greece has warned the debt-stricken country must take even more austerity measures in order to reduce its massive budget deficit.
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Takeda to reveal purchase of Nycomed Wednesday

Takeda Pharmaceutical Co <4502.T>, Japan's largest drugmaker, will announce the 1 trillion yen ($12 billion) purchase of closely held Swiss rival Nycomed on Wednesday as it seeks to expand in Europe and emerging markets, Japanese business daily Nikkei reported.
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Asia stocks rise amid caution over euro debt, U.S. data

Asia shares rose from a six-week low Wednesday, led by consumer stocks, but disappointing U.S. data have made some investors reluctant to follow commodity prices higher, containing a bounce in risky assets from currencies to oil.
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UK to probe Big Four auditing stranglehold

UK competition authorities are to probe the stranglehold of the world's biggest accountancy firms on British blue-chip company audits after finding evidence of anti-competitive behavior.

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