ECONOMY & MARKETS

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Wall St Set for Lackluster Start; Lehman in Focus

Wall Street stocks are set for a muted start to Wednesday trade as investors consolidate positions after the push to four-month highs, with crude oil trading at $64 a barrel helping ease inflation concerns.

Nikkei Hits 1-Mth closing Low, World Demand Feared

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The Nikkei average hit a one-month closing low on Tuesday, declining 0.48 percent as a fall in commodity prices stoked worries about global demand and hit stocks sensitive to the economic cycle such as steel makers.
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Feds Say They're Targeting Stock Options

The government is aggressively investigating the suspicious timing of stock options granted to top executives at scores of companies, federal officials said Wednesday.
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Unloved bonds make investor comeback - for now

Signs that the world economy is at a turning point are being reflected by tentative evidence that bonds are moving back into favor after years as an unloved alternative to booming equities.
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U.S. Treasuries slip in quiet Asia trade

U.S. Treasuries slipped slightly in Asia trade on Monday, pulling benchmark yields up from five-month lows, as many investors sat tight before a slew of data and speeches from Federal Reserve officials.
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Wall St Week Ahead: Summer's end may be stormy for stocks

Wall Street's summer comes to a close next week with what could be a toxic mix for stocks: No major earnings, an overload of A-list economic data, a storm headed for the Gulf of Mexico and trading desks staffed with third-string dealers.
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The Return of Frank Quattrone

He was a high-flying investment banker capitalizing on the late 90s technology bubble, setting up deals to launch billion dollar IPOs. Now, after three years of court battles against the government involving charges that he obstructed an investigation, Frank Quattrone is free to pursue his business once again.
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Door Opens For Return to Wall Street for Quattrone

A U.S. federal court judge on Tuesday approved a settlement that would let former star technology investment banker Frank Quattrone avoid a third trial for obstructing justice, opening the door for him to resume his career on Wall Street.
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Stock Futures Lifted by Cisco Outlook

Cisco Systems' buoyant sales outlook helped pull U.S. stock market futures higher on Wednesday, offsetting the last session's downturn after the Federal Reserve signaled a pause rather than end to interest-rate hikes and after another warning in the home building sector.
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Junk bonds could be bruised by economy, LBOs

The good times in the $850 billion U.S. junk bond market may be at risk of winding down as the economy slows, leveraged buyouts get bigger and an increasing amount of bond supply looms.
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Oil Tanker Shares Rise on Alaska BP Shutdown

Shares of oil tanker companies that operate between the U.S. and the Middle East rose sharply on Tuesday after news broke that production out of Alaska's Prudhoe Bay may not normalize until 2007.
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Dollar soft, equities firm as Fed pause seen

Expectations of a halt in the Federal Reserve's two-year campaign of interest rate rises kept the dollar near two-month lows on Tuesday, while auto firms led stocks higher in Asia and Europe.
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European stocks drop, BP slips on U.S. leak news

European shares sank on Monday, pulled lower by BP which began shutting down the biggest oilfield in the United States, with weaker mining and auto stocks adding to the negative tone and trade remaining cautious ahead of Tuesday's Federal Reserve meeting.
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Central Banks Seek to Stop Flow of Easy Money

Central Banks around the world are tightening credit due to economic growth that could spin out of control. Skeptics say they could be going too far, while other say the banks aren't going far enough.
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Forex market doubts strength of Paulson's dollar

Treasury Secretary Hank Paulson's public support for a strong dollar on Tuesday failed to fully convince the foreign exchange market, which is now bracing for further weakness in the U.S. currency.
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Retreat in transport stocks bodes well for market

July marked the end of the road for the rally in transportation stocks, and while the sector is seen as a bellwether, investors say its swoon could actually be a bullish sign for the broader stock market.
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FTSE closes higher as miners, Corus gain

Britain's FTSE 100 share index closed higher on Tuesday as a surge in the cost of base metals boosted miners such as Xstrata, while steelmaker Corus rose on bid talk and reassuring results from a rival.
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Nikkei ends above 15,000 as techs push higher

The Nikkei average rose 1.42 percent on Tuesday to end above 15,000 for the first time in more than a week as Tokyo Electron Ltd. and Toshiba Corp. climbed after strong quarterly results from U.S. chip firms boosted expectations of higher earnings at home.
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FTSE soars as oil dips, Vodafone up

UK stocks closed at their highest level in nearly two weeks on Monday as numbers from Vodafone boosted investor confidence at the start of a busy earnings week and concerns over the conflict in Lebanon eased slightly.
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FTSE gains evaporate by close but Capita higher

Britain's FTSE 100 index closed easier on Thursday, giving up an early advance as buyers paused after Wednesday's steep gains on easing interest rate tensions. However, support services company Capita stood out with a 9.3 percent rise after it posted a forecast-beating 24 percent jump in interim profits.
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FX risks mount for China firms as policy evolves

Chinese firms may for the first time face major currency risks in the coming year - not only because the yuan is rising but because officials are shifting more responsibility for risk from the government to companies.
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New Amendments and Conference Notes

The NASD has two new resources to support firm's Anti Money Laundering (AML) programs. A free webcast is available at http://www.nasd.com/webcasts/aml.
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Oil prices hover above $78 per barrel

Oil prices topped $78 per barrel Friday and held near record highs as intensifying violence in the Middle East raised concerns of possible supply disruptions.

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