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Ex-AIG's Cassano defends no-losses proclamation

The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime mortgages.

Stock futures rise after steep sell-off

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Stock index futures rose on Wednesday, rebounding from a steep sell-off, as investors were comforted that financially fragile European banks were less reliant on funding from the European Central Bank.

UBS re-files suit over failed 2007 CDO deal

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UBS AG has re-filed a suit against Highland Capital Management LP for $686 million, saying the hedge fund manager provided false financial information to avoid making payments on a transaction, according to court documents.
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Stock index futures signal sharp losses

Stock index futures pointed to a sharply lower open on Wall Street on Tuesday, with futures for the S&P 500 down 1.4 percent, Dow Jones futures down 1.1 percent and Nasdaq 100 futures down 1.4 percent at 0930 GMT.
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Stock index futures point to mixed open

U.S. stock index futures pointed to a mixed opening on Wall Street on Monday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures gaining 0.3 percent and Nasdaq 100 futures up 0.3 percent at 4:50 a.m. ET.
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Gold edges up as economy woes persist

Gold firmed in early European trade on Monday, trading within striking distance of a record high achieved last week on the back of persistent worries about the strength of global economic recovery. The momentum is still there, said Ole Hansen, senior manager at Saxo Bank. If we stay above $1,250 an ounce this morning and consolidate, it may want to try moving up to $1,270 an ounce,
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Oracle lifts Nasdaq while S&P rises on banks

The Nasdaq and S&P 500 rose modestly on Friday on relief that the financial regulation bill wouldn't crimp Wall Street profits as badly as feared and as tech company Oracle's strong results revived hopes about business spending.
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S&P 500 rises on banks, Nasdaq lifted by Oracle

The Nasdaq and S&P 500 rose modestly on Friday on relief that the financial regulation bill wouldn't crimp Wall Street profits as badly as feared and as tech company Oracle's strong results revived hopes about business spending.
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Pressure mounts to dilute bank capital plan

Global regulators will dilute a reform that forces banks to hold more reserves to survive shocks without massive taxpayer help again, sources familiar with the negotiations said on Friday.
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Stock index futures lower

Stock index futures pointed to a weaker open on Wall Street on Friday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.25 percent and Nasdaq 100 futures falling 0.4 percent by 0939 GMT.
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More private equity deals in Q2, but hardly mega

Buyout funds are making a comeback, scouring deals from Australia to America after nearly two years of virtual shutdown, but private equity-backed M&A volumes remain far short of the boom times.
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Geely lines up regional investor for Volvo buy

Auto maker Zhejiang Geely said on Thursday it was teaming up with Chinese regional asset manager Daqing State Asset Operation Co in its planned $1.8 billion takeover of Ford Motor Co's Volvo Cars unit.
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Hasbro says not in buyout talks

Hasbro Inc said it is not involved in any talks regarding a potential sale of the company, despite a news report that said it had been in negotiations for a possible leveraged buyout.
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Special Report: Saving Goldman Sachs

Four days after U.S. securities regulators charged Goldman Sachs Group with civil fraud, Ash Williams, the top administrator for Florida's $138 billion in public investments, wanted to talk to someone at the Wall Street firm.
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Gold moves up on weak stocks

Gold prices continued to trade higher in Asian trade Wednesday mainly on weak equity markets while ETF holdings rose to another record. Gold for immediate delivery was seen trading at $1240.24 an ounce at 11.30 a.m Singapore time while U.S. gold futures for August delivery was at $1240.18 an ounce.
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JPMorgan shuffles CFO

JPMorgan Chase & Co reshuffled three top executives, including its chief financial officer, as part of an effort to ensure a deep bench of executives who could eventually succeed CEO Jamie Dimon.
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Weak home data slices into shares, gold rises

Weak May U.S. housing data undercut stocks and sent U.S. Treasuries up, while Europe grappled with a fresh tremor to its banking system after Fitch downgraded French bank BNP Paribas (BNPP.PA).
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Stock futures fall as eyes on housing data

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent at 0930 GMT.
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'Gold bull run to continue, target $1300-1500'

Gold prices have once again climbed to record levels of $1264 last week before correcting on profit taking thereby cementing the appeal of the yellow metal as a safe haven for investors. China announced its move toward a more flexible currency exchange rate mechanism which has improved the investor sentiments in general but the softening of the dollar has helped the recent surge in gold prices to record levels.
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Asia stocks fall as yuan euphoria fades

Asian stocks retreated on Tuesday as investors booked profits a day after China's weekend decision to give its currency more flexibility triggered a risk rally.

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