BUSINESS

Paymasters wary as IMF starts new funds quest

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Two years after it requested $500 billion to fight off a global slump, the International Monetary Fund's call for a further $600 billion to limit the fallout from Europe's debt crisis prompted supportive words from Brussels on Thursday but no stampede in the rest of the world to commit the cash.
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Wall Street opens higher on bank earnings

Stocks edged higher at the open on Thursday after Bank of America and Morgan Stanley reported earnings and as strong demand at European bond auctions lessened euro zone debt concerns.
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Starbucks closing in on retail deal with Tata Coffee

Starbucks Corp , the world's largest coffee company, is finalizing its retail partnership with India's Tata Coffee Ltd and hopes to announce the deal by the end of this month, a senior official of the Indian company said on Thursday.
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Euro-yen intervention an option for Japan, but not now

Japanese authorities, while reluctant to act now, may consider engaging in a rare intervention to stem yen rises against the euro if the moves appear to be driven by speculators and sharp enough to severely hurt business sentiment.
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Patience needed on Greek reforms -EU task force head

Economic reforms in highly indebted Greece are coming along slowly, but the Greeks have made many sacrifices and people must be patient, the head of the European Commission's special task force to help rebuild the Greek economy said on Thursday.
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Stock index futures lower, results eyed

Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.03 to 0.2 percent at 1004 GMT.
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Emerging markets help SABMiller match Q3 forecasts

Global brewer SABMiller reported a 3 percent rise in beer volumes in the last three months of 2011, matching forecasts, led by the emerging markets of Africa and Latin America which helped offset falls in North America and Europe.
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S&P 500, financials targeted less in lawsuits

Large U.S. companies are facing fewer shareholder securities fraud lawsuits than at any other time in the last decade, a trend that may persist as fallout from the 2008 financial crisis recedes.
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Kodak preparing to name restructuring officer: report

Eastman Kodak Co is preparing to name a chief restructuring officer as it looks for ways to raise financing to keep the company in business during bankruptcy proceedings, the Wall Street Journal reported, citing people familiar with the matter.
Internet Blackout Compounded By New York City Protest

Internet Blackout: Reddit, Tumblr Chiefs Protest at Senators' Offices [VIDEO]

This afternoon, New York Tech Meetup, a group of roughly 18,000, held an emergency meeting at the doorsteps of New York Senators Charles Schumer and Kirsten Gillibrand in order to protest controversial copyright bills SOPA and PIPA. The demonstration was marked by guest speakers that included founder of Reddit Alexis Ohanian and executive vice president of Tumblr Andrew McLaughlin.
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U.S. charges 7 in $62 million Dell insider-trading case

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.
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LightSquared calls for new testing of its network

LightSquared, the telecom start-up backed by hedge fund manager Philip Falcone, called for new tests of its mobile system to examine interference concerns after it accused the latest government tests of being rigged.
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Seven charged in $62 million Dell insider-trading case

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.
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IMF seeks more funds

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.
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Goldman beats Street on lower expenses

Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank did better than expected thanks to cost-cutting and lower taxes, sending its shares higher.
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Wall Street gains 1 percent as IMF gives Europe hope

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
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EBay results beat Wall Street estimates

EBay Inc reported better-than-expected quarterly profit as the e-commerce company saw solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business.
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Wall Street ends up 1 percent as IMF offers Europe hope

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
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China opposed to U.S. listing Taobao as market for piracy

China is greatly concerned and strongly opposed to the United States' listing of Taobao, the country's largest consumer e-commerce website, as a notorious market for piracy, a spokesman for China's Ministry of Commerce said on Wednesday.

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