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Redemption requests top $1 billion at Diamondback

Investors in Diamondback Capital Management, one of four hedge funds raided by federal authorities last year as part of an insider trading probe, have asked to pull more than $1 billion from the firm, a source familiar with the fund's communications to clients said on Tuesday.

Manmohan Singh defends govt against lameduck image

Manmohan Singh
Prime Minister Manmohan Singh defended himself on Wednesday against accusations his government was a lameduck, saying it was trying to bring justice in some of the country's biggest corruption scandals in decades.

Analysis: Egypt army faces challenge over workers, subsidies

Army soldiers remove makeshift shelters and clear Tahrir Square in Cairo
The Egyptian army, praised for overseeing a mostly peaceful revolution, is running into a storm of wage and subsidy demands overtaking pressure for democracy and piling more burdens on an already teetering economy. That has already happened in Tunisia, where strikes and protests continue more than a month after citizens ousted their strongman president and galvanized Egypt's opposition forces to do the same with theirs last week.
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Charles Schwab tops in U.S. online satisfaction survey

Charles Schwab Corp's customer satisfaction topped that of rival Fidelity Investments for the first time ever in 2010, according to a new annual online brokerage study released by the American Customer Satisfaction Index on Tuesday.
An anti-government protester waves an Egyptian flag at an elevated defense position alongside the Egyptian Museum near Tahrir Square in Cairo February 4, 2011.

Is the Worst Over for Emerging Market Stocks?

We believe that the worst is now over for emerging market equities. Moreover, we believe that the resignation of Hosni Mubarak as Egypt’s President will not only ease tensions in the region but will also restore confidence towards investing in emerging markets again
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Calpers shifts property focus to private deals

The board of Calpers, the biggest U.S. public pension fund, voted on Monday to drop real-estate stocks from its property portfolio by eliminating real estate investment trust holdings and focusing instead on private transactions.
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Obama's Remarks on Unveiling of the 2012 Federal Budget (Full Text)

The following is a White House Transcript of President Barack Obama's remarks on the unveiling of his proposal for the U.S. 2012 fiscal year federal budget as delivered at Parkville Middle School and Center for Technology in Baltimore, Maryland on February 14, 2011.
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Gold rises above $1,360, inflation in focus

Gold rose above $1,360 an ounce on Monday as the dollar's retreat from highs versus the euro took some pressure off prices, with a second consecutive weekly price rise underpinning investors' confidence in the metal.
An Egyptian soldier tries to calm opposition supporters outside the Interior Ministry near Tahrir Square in Cairo

Egypt army delivers ultimatum to Tahrir protesters

Egypt's military delivered an ultimatum on Monday to dozens of committed protesters in Tahrir Square, nerve centre of a movement that toppled Hosni Mubarak, to leave and let life return to normal or face arrest.
A man walks outside the Egyptian Stock Exchange in Cairo

Re-opening of Egypt stock market again postponed

The Egyptian stock market, which has been closed since January 28 amidst civil unrest in the country, will not re-open until at least Sunday, February 20, state-controlled television reported.
Traders work on the floor of the New York Stock Exchange

Wall Street set for mixed open

Futures on major U.S. stock indices point to a mixed opening on Monday, after indices recorded a second straight week of gains on Friday.
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Asian stocks shine, China inflation data eyed

Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.
Oracle's Larry Ellison

Oracle’s Larry Ellison buys 249-acre Porcupine Creek

Larry Ellison, an American business magnate, co-founder and chief executive officer of Oracle Corporation, has bought the 249-acre estate that once belonged to Yellowstone Club founders Tim and Edra Blixseth called Porcupine Creek in Rancho Mirage, Calif.
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Pandora Media files for IPO of up to $100 million

Internet radio company Pandora Media Inc filed to raise up to $100 million in an initial public offering of common stock, becoming the latest technology company to test the public markets. Pandora, which runs an online service that allows users to stream free music based on feedback from the listener, has 80 million registered users.
 Obama plans 4G for 98% American household by 2016

Obama plans 4G for 98% American households by 2016

The United States plans to build high-speed 4G wireless services network and make it available to at least 98 percent of Americans households by 2016, President Barrack Obama said during a speech at Northern Michigan University in Marquette, Michigan.

Stock rally on Mubarak resignation

Stocks rallied after Hosni Mubarak resigned as president of Egypt and the Obama administration announced plans to dissolve Fannie Mae and Freddie Mac

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