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Japan's AIJ chief admits loss cover-up, apologizes

The president of Tokyo-based money manager AIJ Investment Advisors admitted to Japanese lawmakers on Tuesday to covering up losses of $1.3 billion in clients' pension money, but said he had no intention of cheating his clients.

Telenor seeks payback from India in license fight

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Norwegian mobile operator Telenor ASA has told the Indian government it wanted to resolve its license dispute, but said it would seek damages if the cancellation of its 22 licenses was not settled.

Exclusive: Singapore's Temasek: evolution not revolution

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Temasek Holdings, the smaller but more visible of Singapore's two sovereign funds, is moving into a new phase with its investment strategy, and could look more like Blackstone Group , another $160 billion institution, which has grown from a focused private equity firm to a global asset manager.
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EBay blocks sale of sorbitol after death in Italy

Online auction company EBay Inc said on Monday it had blocked global sales of sorbitol following the death of a medical patient in Italy who consumed a sample of the sugar substitute which had been bought on the Internet.
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Bernanke's words drive Wall Street up 1 percent

The S&P 500 rebounded from its worst week so far this year to retake a four-year high on Monday after Federal Reserve Chairman Ben Bernanke signaled supportive monetary policy will remain even though the job picture has begun to improve.
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Deutsche Bank to settle MBS suit for $32.5 million

Deutsche Bank AG has agreed to pay $32.5 million to investors who said they were misled about the quality of mortgage loans sold to them as highly rated securities right before the U.S. housing market imploded, court papers show.
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U.S. regulators push for online do not track system

U.S. regulators are pressuring Internet companies to put in place by the end of the year a Do Not Track system that would give consumers more control over their personal data online, in a report released on Monday that privacy advocates dismissed as too soft.
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EXCLUSIVE-Blackstone, Bain prepare Michael Stores IPO

Blackstone Group LP and Bain Capital LP have tapped banks for an initial public offering of Michael Stores Inc, North America's largest specialty retailer of arts and crafts which they paid over $6 billion to take private in 2006, four people familiar with the matter said on Monday.
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Facebook: Emails show NY man's lawsuit a fraud

Facebook Inc released emails by founder Mark Zuckerberg from his days at Harvard University to bolster its arguments that a wood-pellet salesman who sued for a 50 percent stake in the social media company lied and forged documents.
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Big venture firm raises the networking stakes

Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon.
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February business volume up in year, down in month

U.S. companies borrowed more to buy equipment in February than a year ago, though less than in January, and spent mostly for new technology and aging goods replacement, the Equipment Leasing and Finance Association said on Monday.
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Canada minister signals little concern on Viterra deal

OTTAWA, March 26 - Canada's farm minister highlighted on Monday the global marketing reach of Swiss-based Glencore in the latest sign from Ottawa that it has little appetite for blocking the company's proposed takeover of grain handler Viterra.
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Merkel: Greek euro exit would be catastrophic

Greece's exit from the euro would be a catastrophic political and economic mistake that would severely weaken Europe's single currency bloc, German Chancellor Angela Merkel said in a BBC interview broadcast on Monday.
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Facebook: Evidence shows NY man's lawsuit is fraud

Facebook Inc urged a federal judge on Monday to throw out a lawsuit by a New York wood pellet salesman who said he deserves half of founder Mark Zuckerberg's stake in the social media company, calling the case a fraud.
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Wall Street rallies after Bernanke comments

Stocks rose on Monday, rebounding from last week's decline, after Federal Reserve Chairman Ben Bernanke suggested the central bank would continue supportive monetary policies, even as the unemployment rate improves.
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Regulators push for online do not track system

U.S. regulators pushed Internet companies on Monday to adopt a Do Not Track system that would give consumers more control over their personal data online, and asked Congress to pass privacy legislation.
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US regulators push for online do not track system

U.S. regulators pushed Internet companies on Monday to adopt a Do Not Track system that would give consumers more control over their personal data online, and asked Congress to pass privacy legislation.
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Wall Street gains after Bernanke comments

Stocks rallied on Monday after Federal Reserve Chairman Ben Bernanke suggested the central bank would continue supportive monetary policies even as the unemployment rate improves.
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Stock futures higher ahead of Feb home sales data

U.S. stock index futures rose on Monday, pointing to an equities rebound after the S&P's worst weekly performance so far this year, as investors looked ahead to data on February pending home sales.
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Fed's Plosser criticizes unfettered asset-buying

The world's central banks should not have unfettered ability to purchase assets because that violates the traditional separation of monetary and fiscal policymaking and can allow governments to inflate away debts, a top Federal Reserve official said on Monday.
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Stock index futures signal slight gains

U.S. stock index futures pointed to a slightly higher open on Wall Street on Monday, with futures for the S&P 500 up 0.14 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.21 percent at 0813 GMT.
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BATS sticks with Europe tech plan after IPO debacle

BATS Global Markets is sticking with a plan to move its Chi-X platform, Europe's largest share trading venue, to its own technology, after a software bug forced the exchange operator to take the embarrassing step of pulling its own listing last week.

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