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Mazda to raise $1.1 bln, narrows loss forecast

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Japan's Mazda Motor Corp (7261.T) said it would raise up to $1.1 billion in a share sale and invest most of the funds to develop hybrid and other technologies in what analysts said was a long-overdue bid to close the gap with rivals.

Linkin Park frontman resurfaces with side project

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As the lead singer of the multimillion-selling band Linkin Park, Chester Bennington helped define the rap-metal sound of the early '90s. But as his career was ascending, his life was falling apart: Bennington was heavily involved in drugs and spent some nights wondering whether he would make it to the next day.
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U.S.-led consortium wants to buy Volvo from Ford: report

A U.S.-led group has entered the race to buy Ford Motor Co's (F.N) Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive (0175.HK) which last month confirmed its interest in the loss-making Swedish carmaker.
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Gold stays above $1,000 on softer dollar, ETF rises

Gold stayed above $1,000 an ounce on Monday as the dollar remained pressured after last week's jobs data pushed the currency down broadly on concerns the U.S. economic recovery may not be as robust as previously thought.
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JGB futures slip from 6-month high before 10-yr sale

Japanese government bonds dipped on Monday and 10-year futures pulled back from a six-month high as market players sold to hedge and make room for a 2.1 trillion yen ($23 billion) 10-year auction the next day.
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World stocks flirt with gains, dollar slips

World stocks flirted with gains after two sessions of losses on Monday with Japan's Nikkei hitting an 11-week closing low but Europe climbing and Wall Street looking set for a positive start.
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Oil falls towards $69 on recovery concerns

Oil fell toward $69 a barrel on Monday, extending the previous session's drop, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria.
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Stocks set to open up, snap 4-day losing streak

Stock futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.5-0.6 percent at 4.22 a.m. ET.
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European shares rise; miners and banks gain

European shares rose in early trade on Monday, having hit a four-week closing low on Friday, as the euro zone's services sector returned to growth, and with miners and banks gaining on positive broker comment.
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US stocks set to open up, snap 4-day losing streak

U.S. stock index futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq Composite NDc1 were up 0.5-0.6 percent at 0822 GMT.
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Recovery concerns weigh on stocks, dollar

Asian stocks fell to a three-week low on Monday as soft U.S. jobs data heightened investor caution ahead of the third-quarter corporate results season, while speculation of an early interest rate hike boosted the Australian dollar.
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S.Korea's Hana may raise up to $1.7 bln in share offer

South Korea's No.4 banking group Hana Financial, whose two biggest shareholders are Singapore wealth fund Temasek and Goldman Sachs, said it may raise capital via a new share sale, fuelling talk of financial sector consolidation and knocking Hana's shares down almost 15 percent.
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T-Mobile USA kicks off corporate Wi-Fi push

Deutsche Telekom's T-Mobile USA plans on Monday to start offering a wireless service for office workers, hoping to increase its presence in the corporate market as it chases larger rivals like AT&T and Verizon.
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GLOBAL MARKETS-Recovery concerns weigh on stocks, dollar

Asian stocks fell to a three-week low on Monday as soft U.S. jobs data heightened investor caution ahead of the third-quarter corporate results season, while speculation of an early interest rate hike boosted the Australian dollar.
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U.S. Prudential mulls sale of South Korean units

Prudential Financial Inc may sell its investment and fund management businesses in South Korea, a deal which could fetch about $850 million and could trigger a wave of consolidation in the country's brokerage and asset management sectors, where more than 100 companies compete.
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CORRECTED: U.S. Prudential mulls sale of South Korean units

Prudential Financial Inc may sell its investment and fund management businesses in South Korea, a deal which could fetch about $850 million and could trigger a wave of consolidation in the country's brokerage and asset management sectors, where more than 100 companies compete.
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Second-hand retailers score during recession

The recession has taken its toll on many large U.S. retailers but smaller ones catering to the second-hand market are flourishing as the cash-strapped seek the holy grail of the American consumer: a bargain.
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BofA to select emergency CEO this week: report

Bank of America Corp plans to select an emergency chief executive officer this week if legal issues force Ken Lewis to leave before year-end, the Wall Street Journal said, citing a person familiar with the situation.

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