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High-tech video surveillance to expand in New York

New York City's police video camera surveillance network will be expanding with the help of $24 million in Federal grants, New York Mayor Michael Bloomberg and Police Commissioner Ray Kelly announced on Sunday.

AIG dismisses McKinsey as adviser-Bloomberg

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American International Group dismissed consulting firm McKinsey & Co as its restructuring adviser in an effort to cut costs, according to a Bloomberg report, citing two people familiar with the matter.
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Despite boom, IPO market not a 'free-for-all'-NYSE

The current boom in U.S. initial public offerings does not signal a free-for-all for prospective companies, which are closely watching the mixed performance of IPOs this week and last, the head of listings at the New York Stock Exchange parent company said on Tuesday.
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Citigroup U.S. retail bank focusing on 6 cities

Citigroup Inc's U.S. retail banking business plans to focus its marketing efforts on six cities, a source familiar with the matter said, but the bank's chief executive said he does not plan to dramatically shrink its branch network.
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Mexico's Cemex seals $1.8 bln share offer

Mexico's Cemex, the world's No. 3 cement maker, sealed a $1.8 billion share offer on strong demand on Tuesday in a sign of investor optimism in the debt-laden company's recovery.
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Rep. Frank plans key changes to consumer agency

U.S. lawmaker Barney Frank is making key changes to the White House plan for an agency to protect consumers from risky financial products, according to a congressional document obtained by Reuters on Tuesday.
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Recovery bets lift Wall Street

Stocks rose on Tuesday, as investors bet the U.S. Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
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US homebuyer credit used by 1.4 mln taxpayers-IRS

U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 home buyer tax credit so far and reminded home buyers they need to close on a purchase before the Dec. 1 deadline to qualify.
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Nasdaq CEO says may soon surpass NYSE in IPOs

The Nasdaq Stock Market could surpass its archrival, the New York Stock Exchange, this year or next in the number and value of initial public offerings, Nasdaq OMX Group Chief Executive Robert Greifeld said on Thursday.
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Homebuyer credit used by 1.4 million taxpayers: IRS

U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 homebuyer tax credit so far and reminded homebuyers they need to close on a purchase before the December 1 deadline to qualify.
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New York's Sept 11 museum to display hijacker perspective

A museum dedicated to the September 11 attacks will display written quotations drawn from martyrdom videos made by the hijackers, along with witness testimonials that will be screened to prevent sympathizers from praising the perpetrators, museum officials said on Thursday.
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New York's September 11 museum to play martyrdom tapes

A museum dedicated to the September 11 attacks will play martyrdom videos made by the hijackers but testimonials by the public would be screened to prevent sympathizers from praising the perpetrators, museum officials said.
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New York housing complex decision seen

New York state's top court is likely to rule next month on a Manhattan housing complex legal battle that could derail one the United States' largest real estate deals and reshape the city's residential rental market.
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AIG CEO says regrets sharp criticism of Cuomo

Robert Benmosche, the new CEO of American International Group Inc, said he regrets tough comments he made about New York's attorney general, saying he was trying to bolster a demoralized AIG work force.
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AIG shares look overpriced: Barron's

Shares of insurance giant American International Group soared more than 50 percent last week and they now look overpriced, Barron's said in its August 31 edition.
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Tiffany results beat estimates, shares up

Upscale jeweler Tiffany & Co posted a higher-than-expected quarterly profit on Friday as it squeezed out costs and saw a modest improvement in demand for its pricey baubles.

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