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Stanley Sees Fed Raising Key Rate to 3% by End 2010 (Update1)
The Federal Reserve will have to raise its benchmark interest rate to 3 percent by the end of the year to combat inflation, said Stephen Stanley, chief economist at RBS Securities Inc. in New York.
Categories: investments
Citigroup, Marshall & Ilsley Post Biggest S&P Drops (Update2)
Citigroup Inc. and Marshall & Ilsley Corp. were among the worst performing stocks in the Standard & Poor’s 500 Index this year, dragged down by souring commercial and residential property loans that may extend the declines into 2010.
Categories: investments
Japan Air Plunges Amid Bankruptcy Fears
Japan Airlines Corp., Asia’s biggest carrier by sales, plunged to a record in Tokyo trading after reports the carrier may enter bankruptcy proceedings led investors to sell shares on the year’s last trading day.
Categories: investments
GMAC Said to Discuss $3 Billion or More in U.S. Aid
GMAC, the home and auto lender that counts the U.S. government as the largest stakeholder, is discussing with the Obama administration a third bailout of $3 billion to $4 billion
Categories: investments
Biggs, Faber Predict Dollar Rally as S&P 500 Surges
Barton Biggs and Marc Faber, who recommended buying stocks in March when investors were dumping them, are again united as they predict gains for U.S. equities and the dollar
Categories: investments
Treasuries Little Changed After $42 Billion 5-Year Note Sale
Treasuries were little changed after the government sold a record-tying $42 billion of five-year debt, the second of three note sales this week totaling $118 billion.
Categories: investments
SEC Suit: Sanofi Bid for Chattem Leaked to French Investors
Sanofi-Aventis SA’s $1.9 billion bid for Chattem was leaked in advance to two French investors who reaped $4.2 million by making illegal insider trades, U.S. regulators claim in a lawsuit
Categories: investments
Flurry of arguments starts Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.

Categories: business
Two dead in Beirut clashes after killing of anti-Assad cleric
ALBIREH, Lebanon (Reuters) - Hundreds of Islamist gunmen fired in the air on Monday at the funeral of a Sunni Muslim cleric whose killing ignited street battles and brought the bloodshed from Syria's 14-month-old uprising spilling across the border into Lebanon.
Categories: world
Ruling party candidate claims win in Dominican vote
SANTO DOMINGO (Reuters) - Ruling party candidate Danilo Medina claimed victory on Monday in the Dominican Republic's hotly disputed presidential election, avenging his defeat 12 years ago by opposition candidate Hipolito Mejia.
Categories: world
Congo says army kills 25 mutineers in east
KINSHASA (Reuters) - Twenty five mutineers loyal to a renegade general have been killed in clashes with the army in eastern Democratic Republic of Congo, the government said on Monday.
Categories: world
IPOs' Boon for Jobs Is Overblown
New research casts doubt on a claim that 90 percent of employment growth happens after a company goes public
Categories: investments
Bank of America CEO "comfortable" with bank's investments
(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasuries, Chief Executive Officer Brian Moynihan said at an investor conference on Monday.

Categories: business
Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset.

Categories: business
UK's Cameron urges euro zone action
CHICAGO (Reuters) - British Prime Minister David Cameron said on Monday not enough had been done to end the euro zone debt crisis but reassured savers worried by a downgrading of Spanish banks that British banks were well regulated and well capitalized.
Categories: world
No sign of breakthrough in U.N. nuclear chief's Tehran talks
VIENNA/DUBAI (Reuters) - The U.N. nuclear watchdog chief held talks in Tehran on Monday ahead of a meeting between major powers and Iranian officials this week, but there was no immediate sign of a breakthrough in the tense confrontation over Iran's nuclear programme.
Categories: world
Lawmakers frustrated in Wal-Mart corruption probe
WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said.

Categories: business
Bruised Merkel returns home to more policy fights
BERLIN (Reuters) - Angela Merkel returns from one of her most difficult foreign trips in recent memory on Tuesday to face more, severe tests of her long-standing command over the policy agenda in Germany and Europe.
Categories: world
Suicide bomber kills 90 in Yemen, al Qaeda vows more attacks
SANAA (Reuters) - A suicide bomber in army uniform killed more than 90 soldiers in the heart of the Yemeni capital on Monday and an al Qaeda affiliate threatened more attacks if a U.S.-backed campaign against militants in the front-line state did not stop.
Categories: world
Analysis: Asian markets shrug off risk, may regret it
SINGAPORE (Reuters) - After a three-week selloff in financial markets, measures of risk show investors in Asia are assuming a return to stability, and with a level of confidence that could be horribly misplaced.

Categories: business
