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Loan demand down except prime mortgages: Fed

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U.S. loan demand fell in the second quarter for every major category bar prime residential mortgages as banks tightened credit standards and borrowers remained cautious, central bank and government studies showed.
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Down under, UBS stealing deals thunder

The Australian unit of Swiss bank UBS AG thriving, even as its parent struggles in the global financial crisis, and has earned a reputation for snatching deals from rivals and making a success of them.
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Wall Street weighed down by financial stocks

Stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
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Financial stocks drag Wall Street down

Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares.
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Wall Street down, hurt by financial stocks, data

Stocks fell on Tuesday after data showed an unexpectedly large drop in inventories at wholesalers in June, while an analyst's warning that fundamentals for the banking industry have not improved sent financial sector shares lower.
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Wall St down, hurt by financial stocks, data

Stocks fell on Tuesday after data showed an unexpectedly large drop in inventories at wholesalers in June, while an analyst's warning that fundamentals for the banking industry have not improved sent financial sector shares lower.
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Nortel CEO to step down, quarterly loss widens

Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker works to sell off all of its major assets.
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Nortel loss balloons, CEO to step down

Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets.
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Nortel CEO steps down, board to shrink

Nortel Networks said on Monday its chief executive would step down immediately and its board would shrink from nine directors to just three as the bankrupt telecom equipment maker sheds its major assets.
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Futures down; July jobs report on tap

U.S. stock index futures trimmed losses on Friday ahead of key monthly jobs data that could provide clues on the direction of the economy and the sustainability of a recent run-up.
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Oil edges down ahead of U.S. July employment data

Oil edged down on Friday from a six-week high in the previous session, as markets awaited U.S. July employment data later on Friday, a major indicator of how well the U.S. economy is doing pulling out of recession.
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FTC cracks down on oil market manipulation

Energy traders and companies will face fines of up to $1 million a day if they manipulate oil markets, the Federal Trade Commission ruled on Thursday in a crackdown on fraud that they said causes widespread damage to the U.S. economy.
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Twitter is back online after down, reasons underway

Twitter, which shut millions of users from using the online messaging service on Thursday morning, has come back online. However, efforts to defend against and investigate the attack continue, according to the company's blog.
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Twitter site knocked down in hack attack

Twitter, the popular Internet micro-blogging service, said it is fending off a cyber attack that prevented people from accessing its website for several hours on Thursday.
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Mid-day Minute - August 6 Tech

Twitter Inc., the fast-growing microblogging service, was inaccessible Thursday morning, struck by a denial-of-service attack, the company said on its status blog. Meanwhile, Facebook's site has been sluggish and unresponsive on Thursday.
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Comcast profit up; basic video subscribers down

Comcast Corp , the No. 1 U.S. cable operator, reported higher quarterly profit on Thursday due to improved cost controls and a tax gain, but lost basic video subscribers amid the weak economy and competition from phone and satellite operators.

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