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SEC probing two hedge funds: report

The U.S. securities regulator is probing hedge funds Appaloosa Management LP and Carlson Capital LP for certain trades, the Wall Street Journal said, citing people familiar with the matter.

Two tech IPOs, bank IPO soar in debuts

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The shares of two telecommunications equipment makers and a bank holding company blew past expectations in their stock debuts Wednesday, reviving hope for what had been a sickly market for initial public offerings.
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UK to launch $3 billion green investment bank

The Labour government will unveil a 2 billion pound ($3 billion) green investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said on Sunday.
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Wall St. drops with commodities

Stocks fell on Friday, following the Dow's eight consecutive days of gains as a rising dollar hurt oil prices and weighed on energy stocks.
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Palm seen off, Boeing up in slightly higher market

Stocks were set to open slightly higher on Friday with a barren economic calendar providing few catalysts, as Boeing was expected to rise after the planemaker said it will accelerate some production.
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Website's instant posts of Wall Street research banned

A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
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Barnes & Noble promotes Web chief as new CEO

Barnes & Noble Inc promoted the head of its e-commerce business to chief executive, weeks after investor Ron Burkle accused its board of protecting the interests of its controlling family when it blocked his attempt to raise his stake.
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Fannie Mae slashes mortgage investment forecast

Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a setback in home sales, and warned on its impact on the economic recovery.
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Wall St. set to follow global stocks higher

Wall Street was set to open higher on Wednesday, continuing a rise in global equities as a renewed promise of extended low interest rates from the Federal Reserve enticed investors into riskier assets.
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Stuyvesant Town servicer may be sold

CWCapital, which has moved to foreclose on the sprawling New Yock City apartment complex of Stuyvesant Town/Peter Cooper Village, may itself be sold.
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HSBC may have another go at South Korea's KEB

It's early days, but speculation is already building that HSBC may participate in the auction for a $3.9 billion stake in Korea Exchange Bank , South Korea's sixth-largest lender.
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Investment bank 2010 revenues seen holding up

Global investment banking revenues this year may match the buoyant levels of 2009, analysts forecast on Tuesday, easing fears of a sharp drop during what looks set to be a pivotal year for the industry.
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CFTC eyes high-frequency, industry confident

Big stakeholders in the U.S. futures industry appear confident that its regulator will see the value in high-frequency trading as the regulator ramps up scrutiny of the rapid-fire technique.
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Indian commexes bet big on retail gold contracts

Retail participation in gold investment is steadily rising, prompting the commodity exchanges to innovate products as well as delivery mechanisms with significant volumes being generated from retail products like gold guinea. Ahmedabad-based National Multi-commodity Exchange (NMCE) is steadily going ahead with its unique investment product, gold guinea. A guinea, weighing 8 grams each has created a separate class of gold investors.
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Stock futures up on Greece aid, Dodd's bill

Stock futures on major U.S. indices are up in the European session as investors digested the announcement of Senator Chris Dodd's financial reform bill and the steps Europeans leaders are taking to craft an aid for Greece.
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President would tap NY Fed chief under Dodd bill

The New York Federal Reserve Bank's president would become a political appointee and bank chiefs like JPMorgan Chase's Jamie Dimon could no longer sit on the board of their regulator under a proposal unveiled by the head of the Senate Banking Committee on Monday.
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Wall Street ends flat as banks rebound late

Stocks were little changed on Monday as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy.
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Investors still keen on 'black box' hedgies

Investors are continuing to flock to 'black box' hedge funds and are willing to pay top-end fees in spite of the poor performance from some big-name funds recently, according to the head of investment firm AlphaMetrix.

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