MARKETS / FINANCE

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Spot Gold Price Falls in European Trading

Gold fell on Wednesday after a near 3 percent rally the day before sparked by Federal Reserve comments on possible measures to boost U.S. growth, and the bullion price is still set for its biggest monthly gain in nearly two years.
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WikiLeaks says website was target of cyber attack

WikiLeaks said its website had been the target of a cyber attack late on Tuesday as it proceeded with the release of thousands of previously unpublished U.S. diplomatic cables, some still classified.
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World stocks up, but set for steep monthly fall

World stocks rose for the fourth session in a row on Wednesday on hopes the U.S. Federal Reserve will ride to the economy's rescue with another stimulus package, though global shares were still set to post their biggest monthly drop in 15 months.

Brent Crude Holds Around $114

Brent crude hovered at $114 a barrel Wednesday, after posting six days of gains, on expectations the United States will act again to try and boost growth and increase demand for oil.
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eBay pins China hopes

eBay Inc expects sales from large exporters in China to maintain growth at 30-40 percent annually, with the e-commerce giant seeking acquisition opportunities as part of efforts to expand its footprint in the fast-growing market.
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Fed's Bullard: QE3 possible depending on data: report

The U.S. Federal Reserve could embark on a third round of quantitative easing depending on upcoming economic data but should first confirm that inflation has eased, a senior Fed official said in the Asahi newspaper on Wednesday.
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BofA MBS pact faulted by Fannie/Freddie, borrowers

The regulator for Fannie Mae and Freddie Mac, as well as dozens of investors, lodged objections to Bank of America Corp's proposed $8.5 billion mortgage-backed securities settlement, while a group of borrowers separately sued to block the accord.
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Icahn offers to backstop a Clorox auction

Billionaire investor Carl Icahn said on Tuesday his nominees for Clorox Co's board would try to sell the bleach maker if elected, with him backstopping an auction with a $10.26 billion bid.
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Bank of Italy warns on growth as bond sale falters

The Bank of Italy warned on Tuesday that government plans to cut debt were at risk from weak growth as a lukewarm bond sale threatened to drag the euro zone's third-biggest economy back to the center of the debt crisis.
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eBay eyes up to 40 percent jump in China sales

eBay Inc expects sales from greater China to grow 30-40 percent annually from about $4 billion in 2010, with the e-commerce giant seeking acquisition opportunities as part of efforts to expand its footprint in the fast-growing market.
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Lehman payout plan OK'd for creditor vote

Creditors of Lehman Brothers Holdings Inc were granted approval on Tuesday to vote on the failed bank's $65 billion payback plan, clearing a major hurdle in the path to ending the biggest bankruptcy in U.S. history.
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IFR-USAA sets record low coupon for an insurer, FIG deal

by Andrea JohnsonNEW YORK, Aug 30 - US insurer USAA Capital Corp on Tuesday sold $250 million of 3-year medium-term notes at the lowest ever coupon for an insurer and for a Financial Institutions Group deal, according to Thomson Reuters/IFR data.
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Bankruptcy judge OKs vote on Lehman bankruptcy plan

A judge on Tuesday gave creditors of Lehman Brothers Holdings Inc the green light to vote on the failed bank's $65 billion payback proposal, clearing a major hurdle in Lehman's path toward ending the biggest bankruptcy in U.S. history.
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Limelight sells EyeWonder unit for $66 million

Content delivery network provider Limelight Networks Inc sold its EyeWonder rich media advertising unit to DG Fastchannel Inc for about $66 million in cash, sending its shares up 8 percent in pre-market trading.
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Jobs data will help traders guess Fed move

Starting Wednesday, three data points coming out this week on jobs in August will help Treasury traders predict the direction the economy could take, but they probably won't move prices drastically themselves, analysts said on Tuesday.
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Thousands of public employees laid off in 2010

Local and state governments axed more than 200,000 jobs in 2010, according to U.S. Census data released on Tuesday that showed the growing threat of public employee layoffs to the economic recovery.
U.S. Federal Reserve

Fed Minutes: A Few Board Members Favored ‘More Substantive’ Action

The latest Fed minutes show is that the central bank is well aware that the U.S. economic recovery is underperforming -- it's like a car traveling in the right lane on an interstate highway at 40 miles per hour (barely adequate) -- and it's prepared to take additional action to strengthen the recovery, should the tepid growth conditions continue.
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Gold Price up 2 Percent, Silver Jumps 2.1 Percent

Gold prices jumped 2 percent Tuesday and silver surged 2.1 percent as some investors opted for the safety of precious metals and Treasuries amid continued worries about Europe's sovereign debt crisis and weakness in the American economy.
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Exclusive: Bank of America kept AIG legal threat under wraps

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.
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Glum Fed considered even bolder action in August

The Federal Reserve considered a range of actions to help a struggling economy at its August meeting, including the unprecedented step of tying the interest rate policy outlook to a specific unemployment level.

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