MARKETS / FINANCE

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Stock futures extend fall on Jobs announcement

Stock index futures extended their fall on Monday, pulled lower by Apple Inc after the company's CEO Steve Jobs said the company's board had granted him leave to concentrate on his health.
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Euro slips before euro zone meet

The euro slipped against the dollar on Monday while global stocks dipped as hopes of swift action from policymakers to boost the euro zone's rescue fund faded ahead of a meeting of finance ministers.
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IMF to visit Spain on routine inspection

A mission from the International Monetary Fund will visit Spain on Monday to carry out a routine study of the country's financial system, as part of an annual global report, officials said on Sunday.
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Trichet urges enhanced Europe standby fund

European Central Bank President Jean-Claude Trichet urged Ireland and Greece to live up to commitments made in return for financial help and said a broader European safety fund should be beefed up.
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Time Warner Cable in tentative deal with Sinclair

Time Warner Cable has reached a tentative agreement to end its dispute with SinclairBroadcast Group to continue carrying Sinclair local stations in Time Warner Cable markets, and said late on Saturday it hoped to reach a final deal within a week.
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Bullish Sentiment in Gold Abates

An upward sloping consolidation in Gold that began in October has, despite a lack of any real losses, been enough to improve various sentiment indicators.
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Swiss tax whistleblower to give WikiLeaks new data: report

A former Swiss private banker who was one of the first whistleblowers to use WikiLeaks by publishing internal bank documents on the site has pledged to hand over new data on offshore bank account holders on Monday, a newspaper said.

Swiss whistleblower to handover offshore banking secrets to Wikileaks

The offshore bank account details of 2,000 high net worth individuals and corporations - detailing massive potential tax evasion - will be handed over to the WikiLeaks organisation in London on Monday by the most important and boldest whistleblower in Swiss banking history, Rudolf Elmer, two days before he goes on trial in his native Switzerland.
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Wait for complete package on debt crisis: Merkel

German Chancellor Angela Merkel said on Saturday any measure to stabilize the euro should come within a complete strategic package, dampening hopes for a quick decision on moves to tackle the euro zone debt crisis.
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Goldman's Blankfein pitches for Groupon's IPO: report

Goldman Sachs Chief Executive Officer Lloyd Blankfein went to Chicago to pitch Groupon executives on hiring his bank to underwrite the online coupon company's initial public offering, Bloomberg reported on Friday.
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Big U.S. companies take tax gripes to Geithner

Chief financial officers from U.S. multinational companies met with Treasury Secretary Timothy Geithner on Friday to air gripes about the tax code under which they pay the steepest rate in the industrialized world.
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Fed's Rosengren: not yet time to reverse stimulus

The U.S. economy needs a far better footing before the Federal Reserve reverses its current policy, and even more stimulus may be needed if the housing market hampers the rebound, a top Fed official said on Friday.
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Geithner: real yuan appreciation substantial

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.
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Fed's Lacker wants earnest rethinking of bond buys

The U.S. economic recovery is picking up steam and the Federal Reserve should continuously reevaluate its policy of buying government bonds to support growth, Richmond Fed President Jeffrey Lacker said on Friday.
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Arcelor, Nunavut unite in C$590 million Baffinland bid

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.
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AIG recapitalization deal closes

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.
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Hedge funds appeal ruling on WaMu trust securities

A group of hedge funds have appealed a court ruling that billions of dollars of Washington Mutual Inc -related securities were now owned by JPMorgan Chase & Co , a key decision to ending the Washington Mutual bankruptcy.
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AIG, Treasury, Fed complete recapitalization deal

The Treasury on Friday said it completed a massive recapitalization of bailed out insurer American International Group , paying off the New York Federal Reserve Bank and giving the U.S. government a 92 percent equity stake in the company.

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