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FDIC calls for big bank restructuring

America's big international banks may have to restructure and downsize their operations now, unless they can prove they will be easy to dismantle in another financial crisis, said U.S. regulator Sheila Bair.

Blackstone buys Centro's U.S. malls for $9.4 billion

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Private equity firm Blackstone Group LP has bought nearly 600 U.S. shopping malls from Australia's debt-laden Centro Properties for $9.4 billion in one of the biggest global property deals since the credit crisis.

Make money and do good is the new corporate buzz

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Admitting you are making money by doing some good in the world is no longer a dirty little secret, it's called creating shared value -- the new catch phrase in corporate and philanthropic circles.
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Top SEC lawyer did not recuse himself on Madoff

The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family's estate had invested with the swindler.
U.S. ambassador to China decries violence against media

U.S. ambassador to China decries violence against media

The U.S. ambassador to China, who is considering a run for the White House, on Monday condemned the harassment and beating of some foreign reporters who went to cover a planned protest gathering against the government.

China's US Treasuries holdings revised to $1.16 trln

The U.S. government owes nearly a third more money to China than previously thought, the Treasury Department said on Monday as it revised Beijing's December holdings of U.S. Treasury debt sharply higher to $1.160 trillion.
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Ex-Colonial Bank exec to plead to criminal charges

A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.
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East Asia growth may need to slow: World Bank's Lin

East Asia's economy may need to slow to address inflationary pressures but the region will likely continue to lead the globe in economic activity, World Bank Chief Economist Justin Yifu Lin said on Monday.
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Gold in February with biggest monthly gain since August

Gold was little changed near $1,410 an ounce on Monday but notched its biggest monthly gain since August as chaos in Libya and rising tensions across the Middle East prompted investors to buy the metal as a safe haven. The US dollar lost its status and is at November lows.
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Consumer spending slows, factories roar

U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.
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East Asia growth may need to slow: World Bank's Lin

East Asia's economy may need to slow to address inflationary pressures but the region will likely continue to lead the globe in economic activity, World Bank Chief Economist Justin Yifu Lin said on Monday.
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Wall St ends up, oil muddies bullish picture

Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher.
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Saudi activists eye protests, wait for new cabinet

Democracy activists in Saudi Arabia say the government is closely monitoring social media to nip in the bud any protests inspired by uprisings that swept Arab countries, toppling leaders in Egypt and Tunisia.
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Wall St gains for third month

Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher.
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Consumer spending makes slow start, factories roar

U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.

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