MARKETS / FINANCE

Greece steps up sell-offs, lenders add pressure

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Greece on Monday decided to take 6 billion euros ($8.4 billion) worth of new, emergency fiscal measures to shrink its budget hole and jump start privatizations to convince lenders it can pay down debt without a restructuring.
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Yandex lifts IPO price in Internet frenzy

Russian Internet company Yandex on Monday raised the price guidance for its Nasdaq initial public offering, responding to strong investor demand after LinkedIn Corp's blowout debut last week.
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French website sends flowers to maid in DSK case

A small group of French activists have organized an Internet campaign to send roses to the woman who has accused former IMF head Dominique Strauss-Kahn of attempting to rape her in New York.
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France's Lagarde says premature to discuss IMF post

French Finance Minister Christine Lagarde said Monday it was premature to discuss whether she would win the top job at the IMF and insisted any selection process should be open, transparent and merit-based.
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Euro zone debtors under pressure over new risks

Financial markets piled pressure on heavily indebted euro zone countries on Monday as investors worried about heightened risks in Spain and Greece and ratings agencies stoked new concerns over Italy and Belgium.
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Yandex raises IPO price in Internet dash

Russian Internet company Yandex raised the price guidance for its Nasdaq initial public offering on Monday, responding to strong investor demand after LinkedIn Corp's blowout debut last week.
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Campbell profit beats, but U.S. soup sales fall

Campbell Soup Co reported a higher-than-expected quarterly profit on Monday and forecast full-year results at the top of its range after moving its focus from profit-sapping promotions to advertisements.
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Madoff trustee sues Banque Syz for $73.3 million

Irving Picard, the trustee seeking money for Bernard Madoff's victims, is suing Swiss private bank Banque Syz & Co SA to recover $73.3 million derived from feeder funds in the Ponzi schemer's former investment firm.
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Schawk gets Wells notice from SEC; shares fall

Schawk Inc , a provider of digital imaging graphic services, said it may face U.S. Securities and Exchange Commission civil charges relating to a 2008 restatement, and its shares fell as much as 8.9 percent.
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Campbell Soup profit beats expectations

Campbell Soup Co reported a better-than-expected quarterly profit on Monday and forecast full-year results at the high end of its range, after moving its focus from profit-sapping promotions to advertisements.
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Battle begins for trio of top regulatory jobs

Filling a trio of top regulatory jobs will be crucial for maintaining momentum in global reforms with the chances of emerging market candidates boosted if a European bags the IMF, regulatory sources and analysts said.
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Wall St drops at open as euro zone concern weighs

Stocks dropped more than 1 percent at the open on Monday as worries escalated about the euro-zone debt crisis after Standard & Poor's cut Italy's rating outlook and Spain's ruling Socialists suffered an elections setback.
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Britain's battle over privacy law descends to farce

An increasingly farcical game of cat-and-mouse between Britain's media and celebrities, Twitter users and the judiciary prompted Prime Minister David Cameron to promise a review of the country's privacy laws on Monday.
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Citi hires ex-CEO of PricewaterhouseCoopers

Citigroup Inc has hired Samuel Di Piazza, Jr, the former chief executive of PricewaterhouseCoopers , to help its faltering investment bank rebuild after the financial crisis.
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Mizuho head to step down after massive system troubles

Mizuho Financial Group's <8411.T> president will step down and its corporate banking chief will take the helm, Japan's second-largest bank said on Monday, as it grapples with persistent system troubles including a breakdown in ATMs after the devastating March earthquake.
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Euro zone, China PMIs ease as policy bites

Manufacturers in Europe and China tapped the brakes this month and price pressures eased as tighter policy measures to control inflation began to bite, purchasing managers' indexes showed on Monday.
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Wall St set for lower open on euro zone woe

Stocks were set for a lower open on Monday as worries about the euro-zone debt crisis increased after Standard & Poor's cut Italy's rating outlook and Spain's ruling Socialists suffered a setback in elections.
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India Mahindra Satyam posts Q4 loss on charge

Indian software services exporter Mahindra Satyam posted on Monday a net loss for its fiscal fourth quarter, hurt by a one-time expense due to settlement of a U.S. shareholder lawsuit, sending its shares down as much as 6 percent.
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Futures drop on euro-zone debt concerns

Stock index futures fell on Monday on worries about the euro-zone debt crisis after Standard & Poor's cut Italy's rating outlook and Spain's ruling Socialists suffered a setback in elections.
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Italy to bring forward deficit-cutting decree: sources

Italy will bring forward to next month plans for slicing 35 to 40 billion euros off its budget deficit, government sources said on Monday, moving to reassure markets after a rating agency cut its outlook on the country.

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