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Investors dump risk as subprime worries weigh

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Risk aversion triggered by troubles with U.S. mortgage securities rippled across financial markets on Wednesday, depressing European and Asian stocks and boosting safe haven government bonds.

Private equity firm Carlyle mulls IPO: report

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Carlyle Group, a U.S. private equity firm, is considering a stock market listing similar to last week's initial public offering by rival Blackstone, Dow Jones Newswires reported on Wednesday.
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Stocks dip again on subprime fears

Stocks closed down for a third session on Tuesday as higher bond yields raised concerns about borrowing costs and more fallout from the subprime mortgage market kept investors on edge.
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Stocks dip again as subprime fears weigh

Stocks closed down for a third session on Tuesday as higher bond yields raised concerns about borrowing costs and more fallout from the subprime mortgage market kept investors on edge.
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Nike beats Street, net profit up 32 percent

Nike Inc. (NYSE: NKE) posted higher fourth-quarter net profit on Tuesday, beating Wall Street estimates and sending shares up 4 percent in extended trade, as strong sales of Nike-branded footwear helped offset overall challenges in the U.S. athletic shoe market.
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Southwest braces for turbulence as it turns 30

Southwest Airlines Co. (NYSE: LUV) once seemed impervious to the turbulence that buffeted other U.S. airlines, but on the eve of its 30th anniversary as a public company, the first and still the biggest U.S. low-cost carrier looks vulnerable.
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New home sales ease, while confidence falls

U.S. new home sales in May fell more than expected while consumer confidence in June fell to a 10-month low amid anxiousness about jobs and the business climate, adding to signs of sluggish economic growth this year.
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Gold steady, higher yen hurts TOCOM

Gold was steady on Tuesday as the resilience of the dollar versus the euro reduced investor appetite for the metal, while a rise in the yen dragged down yen-based gold futures in Tokyo.
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Kroger profit hit by labor charge

Kroger Co., the largest U.S. grocery chain, posted a weaker-than-expected rise in quarterly profit on Tuesday due to labor unrest at a distribution center, sending its shares down in early electronic trade.
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Lennar says housing market may worsen

Lennar Corp., the second-largest U.S. home builder, posted a quarterly loss on Tuesday, forecast a loss in the current quarter and warned that the housing market could deteriorate further.
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Global stocks down, yen up as investors trim risks

European and Asian stocks fell on Tuesday while government bonds and the yen rose as concerns about the U.S. mortgage market and warnings about currency borrowing prompted investors to cut back on risky assets.
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Texas Pacific seen bidding for UTAC: sources

U.S. private equity firm Texas Pacific Group is expected to bid for Singapore's microchip-testing firm United Test and Assembly Center as part of a consortium, banking sources said on Tuesday.
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Yen rising as investors trim exposure to carry

The yen rose broadly on Tuesday, pulling away from multi-year lows versus the dollar and euro after Japanese, South Korean and New Zealand officials raised concerns about the low-yielding currency's recent weakness.
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Help sought in Chinese tire recall after accident

A New Jersey importer has asked the U.S. National Highway Traffic Safety Administration for help in recalling about 450,000 light-truck tires made in China after a fatal car accident, lawyers said.
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Iberdrola to fund U.S. buy with cash call, shares dip

Spain's Iberdrola said on Tuesday it will make a share issue to help finance its $4.5 billion cash purchase of U.S. regional gas and electricity supply company Energy East before completing the deal in the second half of 2008.
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U.S. launches corruption probe of BAE

The U.S. Department of Justice has launched an investigation of Britain's BAE Systems Plc over the defense company's compliance with anti-corruption laws, including its dealings with Saudi Arabia.

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