MARKETS / FINANCE

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Dubai World to meet creditors, offer no proposal

Dubai World will not make any concrete proposals to delay $22 billion in debt when it meets creditors on Monday, a move that is likely to dismay investors who have been left in the dark for weeks.

LSE takes 60 percent stake in Turquoise platform

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London Stock Exchange has agreed a deal to take a 60 percent stake in loss-making trading platform rival Turquoise and will merge it with its own dark pool platform, Baikal, to create a new pan-Europe venture.
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Stock futures signal gains; eyes on pharmas

Stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.13 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.07 percent at 0845 GMT (3:45 a.m. EST).
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For stocks Santa's bag may be light

Santa came early for Wall Street this year by giving the S&P 500 a 22 percent gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much more under the tree.
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For stocks, Santa's bag may be light

Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors are not expecting to find much more under the tree.
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Dubai World poised to press for loan extensions

Debt-ridden conglomerate Dubai World is expected on Monday to ask key creditors for more time to pay off its loans, but leave them none the wiser concerning their prospects of being paid back in full.
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Full repayment of Dubai debt still option: report

Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World , may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.
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Storm threatens retailers' last holiday push

U.S. retailers' final weekend sales push before Christmas was under threat as a severe winter snowstorm struck the East Coast, forcing store closures and keeping shoppers at home on Super Saturday.
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Stock investors won't hold breath for Santa

Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors aren't expecting to find much more under the tree.
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Morgan Stanley's Mack forgoes bonus again

Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.
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Wall St gains in choppy trade; tech lifts Nasdaq

Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar's climb curbed gains in both the Dow and the S&P 500.
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Wall St rises in choppy trade; tech lifts Nasdaq

Stocks rose on Friday in choppy trade as quarterly results from Oracle and Research In Motion lifted the Nasdaq more than 1 percent, but the U.S. dollar's climb curbed gains in both the Dow and the S&P 500.
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Watchdog probes firms' trading tips: sources

The U.S. brokerage watchdog is probing how Wall Street firms, including JP Morgan Chase and Citigroup Inc , offer stock research, two people familiar with the probe said on Friday.
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Dollar rally drags US copper down, seen vulnerable

U.S. copper futures ended with sharp losses on Thursday as a stronger tone in the dollar sparked a bearish drag across the broader complex, and analysts said the shift in momentum could pull prices of the red metal back down toward $3.00 a lb.
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Tech lifts Nasdaq, but dollar weighs on Dow, S&P

The Nasdaq rose on Friday as quarterly results from Oracle and Research In Motion boosted optimism about a recovery in technology spending, but the U.S. dollar's rise weighed on the Dow and S&P 500 as investors pared back risky bets.
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Huawei beats Ericsson to Tele2/Telenor 4G order

Nordic telecoms operators Tele2 (TEL2b.ST) and Telenor (TEL.OL) picked China's Huawei [HWT.UL] to supply their joint 4G network in Sweden, shutting out Ericsson (ERICb.ST) in its home market, Tele2 said.
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Oil, dollar rise on Iran-Iraq tensions

Crude oil rose and the U.S. dollar gained in a safe-haven bid on Friday after Iranian soldiers crossed into Iraqi territory and took up positions in a disputed southern oilfield.
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Twitter hacked by Iranian Cyber Army

Computer hackers blocked Twitter.com on Thursday, redirecting its users to a website where a group calling itself Iranian Cyber Army claimed responsibility for the disruption.
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Dow, S&P 500 slip on dollar jump; Nasdaq up

The Dow and the S&P 500 slipped on Friday as the U.S. dollar's advance led investors to pare back risky bets, but the Nasdaq edged higher as upbeat results from Oracle and Research In Motion boosted optimism about technology spending.
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FX OUTLOOK-U.S. dollar to extend upswing next week

The dollar is likely to extend gains in the upcoming week, continuing to draw support from growing signs of a stable U.S. recovery as well as a Federal Reserve plan to wind down most of its emergency lending early next year.
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Tech sector lifts stocks; oil jumps

Upbeat results from technology bellwethers Oracle and Research In Motion lifted U.S. stocks on Friday, while rising oil prices boosted energy shares.
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Citi could face heavy U.S. influence for some time

Citigroup Inc's Vikram Pandit endured a brutal capital raising episode this week in an effort to win the bank's freedom from close government oversight, but the bank's CEO may have won less than he hoped.
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Euro and stocks stabilize; oil rises

The euro stabilized on Friday after this week's steep losses against the dollar and yen and rose off nine-month lows versus the Swiss franc while higher oil prices helped European stocks higher in thin year-end trade.
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Euro regains ground; oil, shares firmer

The euro clawed back some of its recent steep losses against the dollar and yen on Friday and rose off nine-month lows versus the Swiss franc while higher oil prices pushed European stocks higher in thin year-end trade.
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Stock futures point to higher start for Wall Street

Stocks were expected to open higher on Friday, recovering from the previous session's sharp falls. Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.2-0.4 percent by 0915 GMT (4:15 a.m. EST).

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