MARKETS / FINANCE

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Euro, shares lower ahead of Greek high noon

The euro and European shares retreated on Monday on nerves Greek would fail to come up with the political commitments needed to avoid a potential sovereign debt default, taking the shine off a U.S. jobs report that had brightened the global economic outlook.

Insight: Two firms flourish in frenzied MF Global aftermath

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The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.

Asian stocks rise, U.S. jobs gain outweighs Greece

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Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors' risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.
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Asian stocks rise as U.S. jobs gain outweighs fears

Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investor risk appetite, overshadowing worries about a lack of progress in Greek debt restructuring talks that are vital to containing the euro zone crisis.
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Clock ticks on Greece's bailout deadline

Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.
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Euro zone loses patience with Greece

Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
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Eurozone loses patience with Greece

Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
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Greece says bank recapitalization agreed, but issues remain

Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending cuts in talks with lenders, the country's finance minister said on Saturday.
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Gold Dips 1% on U.S. Jobs Data, Posts Small Weekly Drop

Gold fell 1 percent on Friday, its biggest one-day loss in over a month, after encouraging U.S. payrolls data smashed hopes of extra stimulus from the Federal Reserve, which had been priced into bullion's recent rally.
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Nasdaq core profit tops expectations

Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.
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New York sues banks over electronic mortgage system

New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
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Jobless rate at 3-year low as payrolls surge

The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
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Royal Gold Q2 Earnings Set New Record

Royal Gold Inc., reported record second quarter 2012 profits on Friday due to increased mineral production and high gold prices, despite falling well short of analyst expectations.
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Rivals swoop in as Hungary's Malev stops flying

Hungarian flag-carrier Malev ceased operating early on Friday after its planes were held overseas for unpaid debts, leaving a gap in the market that low-cost competitors were quick to exploit.
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Jobless rate at three-year low as payrolls surge

The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
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Strong jobs report pushes Nasdaq to 11-year high

Stocks rose on Friday, propelling the Nasdaq index to an 11-year high, after January's U.S. employment report sailed past expectations, boosting hopes the world's largest economy has turned a corner.
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Aon Q4 profit rises, but margin pressures persist

Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
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Goldman to face mortgage debt class-action lawsuit

Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
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Job growth surges, jobless rate near 3-year low

The economy created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama as campaigning heats up ahead of November elections.
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Walgreen sales hit by exit from Express Scripts

Walgreen Co is being hit by its withdrawal from the Express Scripts Inc pharmacy network and by a much-weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year.
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Factory orders up, business spending rises

New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.
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Snap analysis: U.S. job creation accelerates broadly

U.S. job creation is accelerating throughout the economy, giving President Barack Obama's reelection bid a boost and increasing the chances the jobless rate could improve faster than the Federal Reserve expects.
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Central bank liquidity tap to stay open

After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.
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Instant view: Jan nonfarm payrolls rose by 243,000

The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, indicating last quarter's growth carried into early 2012.

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