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By Paritosh Bansal Wed Sep 3, 4:29 AM ET NEW YORK (Reuters) - Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August on losses in energy, mining and natural resources equity holdings, in one of the b..
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Fri Aug 15, 5:07 PM ET NEW YORK (AFP) - US stocks closed narrowly mixed Friday as falling oil prices tamped down inflation worries and the dollar continued to rally on mounting signs of a slowing global economy.
The Dow Jones Industrial Average advance..
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13 minutes ago NEW YORK (Reuters) - U.S. and state regulators are close to reaching a settlement with multiple banks accused of selling auction-rate securities under false pretenses that would force them to repurchase billions of dollars of the now-illi..
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By Douwe Miedema and John O'Donnell 51 minutes ago LONDON/FRANKFURT (Reuters) - Embattled Swiss bank UBS (UBSN.VX) is close to buying back billions of dollars in bond debt whose value collapsed during the global financial crisis, a source familiar with..
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Wed Jul 30, 12:36 PM ET LONDON (AFP) - Blue chips closed higher as Wall Street remained firmer, with Rexam, Admiral and Aviva all continuing to gain after positive earnings news.
At close, the FTSE 100 index was up 101.5 points to 5,420.7, near a sessi..
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40 minutes ago LOS ANGELES (Reuters) - Starbucks Corp (SBUX.O) said it would close more U.S. stores than it would open next fiscal year, sending shares up nearly 5 percent even as it posted its first quarterly net loss since it went public in 1992.
The..
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Tue Jul 29, 12:32 PM ET LONDON (AFP) - Blue chips closed firmer on Tuesday, amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.
At the close, the FTSE 100 index was up 6.6 points to 5,319.2...
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By BETSY VERECKEY, AP Business Writer 1 hour, 56 minutes ago NEW YORK - Bankrupt retailer Linens 'n Things on Monday offered a sign that business may be improving slightly, saying it will close fewer stores than originally anticipated.
The home furnish..
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Thu Jul 10, 12:54 PM ET LONDON (AFP) - UK blue chips closed lower, as a loss of confidence in the retail sector after a number of downbeat broker notes and weakness among banking stocks outweighed strength from the Dow Jones Industrial Average.
At the..
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40 minutes ago LOS ANGELES (Reuters) - Starbucks Corp (SBUX.O) said on Tuesday it plans to close another 500 underperforming stores and eliminate as many as 12,000 full- and part-time positions, lifting shares nearly 6 percent.
The company, which now p..
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Mon Jun 16, 12:42 PM ET LONDON (AFP) - The FTSE 100 index of leading shares closed lower on Monday with investor confidence knocked by oil prices hitting fresh highs and record-high eurozone inflation.
At the close, the FTSE 100 was down 8.2 points at..
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2 hours, 24 minutes ago LONDON (Reuters) - Belgium's InBev NV (INTB.BR) is close to securing a $50 billion financing package to enable it to launch a takeover bid for Anheuser-Busch Cos Inc (BUD.N), maker of Budweiser beer, the Sunday Telegraph reported..
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1 hour, 24 minutes ago BOSTON (Reuters) - U.S. stocks could be close to an "important bottom" as moves by the central bank and the government to spur the economy are likely to work, the manager of Fidelity Investments' best-known Magellan fund said.
"O..
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53 minutes ago ATLANTA (Reuters) - Home Depot (HD.N) reported a 66 percent drop in quarterly profit on Tuesday as the U.S. housing meltdown hurt sales and it took a charge to close stores and cut back expansion plans.
The home improvement industry lead..
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1 hour, 20 minutes ago ATLANTA (Reuters) - Retailer Home Depot Inc (HD.N), which has been battered by the slumping housing market, said on Thursday it plans to close 15 underperforming U.S. stores and will curb future store openings, sending its shares..
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By Ellis Mnyandu 1 hour, 3 minutes ago NEW YORK (Reuters) - Stock index futures signaled a flat to slightly higher open on Wednesday as news that Citigroup Inc (C.N) is close to a deal to sell about $12 billion of leveraged loans and bonds to bolster it..
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14 minutes ago NEW YORK (Reuters) - Radio broadcaster Clear Channel Communications Inc (CCU.N) said on Friday its pending acquisition by several private equity firms may not close, even though the firms are ready to consummate the deal.
In a filing wit..
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Thu Mar 13, 6:29 AM ET TOKYO - Japan's main stock index plunged to its lowest close in 2 1/2 years Thursday, as market anxieties were stirred by the dollar's dive against the yen and by persistent concerns about the U.S. economy.
The benchmark Nikkei 2..
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1 hour, 2 minutes ago NEW YORK (Reuters) - New York Attorney General Andrew Cuomo on Monday will announce a deal with Fannie Mae (FNM.N) and Freddie Mac (FRE.N) aimed at stamping out inflated home appraisals, sources close to the negotiations said.
Cuo..
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By Eric Onstad and Mark Potter Tue Feb 12, 5:17 AM ET LONDON (Reuters) - Shares in Xstrata (XTA.L) slid on Tuesday after a newspaper reported the Anglo-Swiss miner had rejected a $76 billion takeover approach from Brazil's Vale (VALE5.SA) and that its s..
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