MARKETS / FINANCE

Bloomberg: NYSE deal means U.S. accounting for all

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Merging the iconic New York Stock Exchange with Germany's Deutsche Boerse AG will force European companies to switch to using U.S. accounting rules which have superior disclosures, Mayor Michael Bloomberg said on Friday.
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Kinder Morgan shares 6 percent above IPO price

Shares of Kinder Morgan Inc traded more than 6 percent above their initial public offering price in early trading, signaling strong investor appetite for cash flow from the U.S. pipeline company's assets.
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State workers should join national pension fund-study

The British government should enrol public sector employees in the forthcoming national pension fund designed for low-earners to help reduce a looming 10 billion-pound annual shortfall, a report said on Friday. The right-leaning Centre for Policy Studies think tank report calls the National Employment Savings Trust (NEST)
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Trade gap widens in Dec, swells 33 percent in 2010

The U.S. trade deficit widened in December to its highest level in four months, the U.S. government said on Friday in a report that also showed the annual trade gap expanded nearly 33 percent in 2010 as imports from China hit record levels.
A shopper passes a discount high street store in north London

UK small firms hesitant to seek bank loans-survey

Britain's smaller companies are reluctant to tap banks for financing due to negative perceptions of the sector, a survey said on Friday, as politicians continue to attack the industry for not lending enough to businesses. Britain wants banks to lend more money in order to stimulate the country's faltering economy, and this week it struck a deal
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Egypt unrest sends stock futures lower

U.S. stock index futures fell on Friday as uncertainty gripped markets following Egyptian President Hosni Mubarak's refusal to step down after more than two weeks of civil protests throughout the country.
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HKEx could look to join hands with Nasdaq and CBOE

Hong Kong Exchanges and Clearing Ltd may knock on the doors of the tech-heavy Nasdaq or Chicago's CBOE as the world's most valuable stock exchange operator eyes a partner amid a frenzy of merger activity engulfing the sector.
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Hedge fund Elliott rejects DuPont's Danisco bid

Elliott Associates, the $17 billion U.S. hedge fund, added its voice to demands that chemicals giant DuPont raise its $5.8 billion bid for Danisco, the Danish maker of food ingredients and enzymes.
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Oil rise on Egypt tensions, stocks fall

World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
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Oil rises on Egypt tensions, stocks fall

World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
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Australia sugar industry looks to recovery after cyclone

About a quarter of Australia's sugar cane crop may have been destroyed after Cyclone Yasi tore through key growing areas, with the damage exacerbating already tight global supplies and helping push U.S. futures to three-decade highs last week.
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Asia stocks set for worst weekly drop in 9 months

Asian stocks fell more than a percent and were on course for their biggest weekly loss in nine months as investors shunned risk on concerns about the pace of policy tightening in the region and growing tensions in Egypt.
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Dynegy tries to sell Icahn bid to shareholders

Dynegy Inc defended its attempt to sell itself for $665 million to billionaire Carl Icahn, arguing on Thursday that weak market conditions could force the power company into a liquidity crisis if the deal was not completed.
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Kinder Morgan's upsized IPO raises $2.86 billion

Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.
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Mubarak speech sparks late gain for stocks

The S&P and Nasdaq eked out gains in the final minutes of trading on Thursday as Egyptian President Hosni Mubarak said he would delegate powers to the vice president, though he stopped short of resigning.
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Expedia posts smaller quarterly net profit

Expedia Inc, the largest online travel agency, posted a quarterly profit on stronger bookings, but the results were weaker than expected and its shares tumbled 10.5 percent.

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