MARKETS / FINANCE

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Debt rating agencies sending right message... at wrong time

The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.

Wall Street futures signal gains for stocks

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Stock index futures pointed to a higher open for Wall Street on Tuesday, adding to gains from the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq up 0.1-0.2 percent by 1007 GMT.

Stocks rally pauses near 29-month highs

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The rally in shares and other riskier assets took a breather on Tuesday, with world stocks trading a touch below the previous day's 29-month highs while the dollar fell broadly.
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UBS Q4 shows recovery still has way to go

UBS returned to a modest profit at its investment bank and struggled to attract new client money to its core wealth management operations, showing chief Oswald Gruebel still has a way to go to turn around the bank.
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Morgan Stanley adviser leaves and forms Pactolus

Former Morgan Stanley Smith Barney financial adviser Alan Harter has launched a new firm, Pactolus Private Wealth Management, targeting families and people with at least $25 million to invest.

Young fight for full-time work in job market

Shanee Greenidge of Boston has been searching for full-time work since she dropped out of high school in 2009 and took a string of part-time jobs to help her mother pay bills.
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TI phone chip to boast interactive projection, 3-D

Texas Instruments announced plans for a chip on Monday that it said will give users more versatility in how they use their cellphones, helping it to compete better with rivals including Qualcomm Inc and Nvidia.
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Geithner pledges to work with Brazil on China

The United States and Brazil will pressure countries that keep their currencies undervalued, Treasury Secretary Timothy Geithner said on Monday, reinforcing an emerging alliance between the Western Hemisphere's two biggest economies at the expense of China.
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Big U.S. banks face delayed bonuses

U.S. regulators on Monday made their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
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U.S. support of mortgages must end: Redwood CEO

The U.S. government will have to reduce its competitive role in the mortgage market to entice private investors to return, even if it means higher borrowing costs in the transition, the chief executive officer of Redwood Trust said on Monday.
Fast, Fresh Food is Winning

U.S. fast food caught in immigration crosshairs

Chipotle Mexican Grill (CMG.N) has a lot going for it -- an upscale burrito concept, a hip and eco-friendly image, expansion plans galore and a 500 percent-plus stock price gain in just over two years.
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Q+A: How do I-9 audits find illegal workers in U.S.?

The U.S. government strategy to clamp down on illegal immigrant workers has been focused for the last two years on so-called I-9 audits that target employers rather than large-scale raids that net lots of employees .
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Stocks end up on M&A activity

Stocks closed higher on Monday, with merger activity driving the Dow and S&P to fresh two-and-a-half-year highs, the latest in a series of mileposts that point to more gains ahead.
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Chesapeake Energy selling shale, shares soar

Chesapeake Energy Corp wants to sell holdings in Arkansas' Fayetteville shale natural gas field and its stakes in two companies to raise $5 billion as it tries to trim a heavy debt load.
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U.S. set to curb bank bonuses, part of global move

U.S. regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
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Humana 4th-quarter net slumps, raises 2011 view

Health insurer Humana Inc posted a far lower quarterly net profit on Monday, hurt by a variety of expenses, but raised its 2011 earnings forecast on better-than-expected sales of its Medicare plans for the elderly.
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Chesapeake Energy selling shale

Chesapeake Energy Corp wants to sell holdings in Arkansas' Fayetteville shale natural gas field and its stakes in two companies to raise $5 billion and trim its heavy debt load.
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Humana fourth-quarter net slumps, raises 2011 view

Health insurer Humana Inc posted a far lower quarterly net profit on Monday, hurt by a variety of expenses, but raised its 2011 earnings forecast on better-than-expected sales of its Medicare plans for the elderly.
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Google executive Ghonim released in Egypt: report

A Google Inc executive who had gone missing in Egypt was released on Monday and was on his way to Tahrir Square, the center of two weeks of anti-government demonstrations, Al Arabiya television reported.
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Wall Street rises to mid-2008 highs

U.S. stocks rose on Monday as a flurry of merger news and solid earnings boosted investors' appetite for equities, pushing the Dow and the S&P 500 to their highest levels since June 2008.

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