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KKR heads for summer NYSE listing on July 15

Storied buyout firm Kohlberg Kravis Roberts & Co will end its long wait for a New York Stock Exchange listing on July 15, joining rival Blackstone Group LP , which made its debut three years ago.

KKR founders received $22 million last year

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Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts were each paid about $22 million last year in fee and other income, and together own about a quarter of the storied buyout firm, according to a regulatory filing.
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Steel firm says Chinese investment not a risk

Steel company Steel Development on Tuesday dismissed concerns raised by lawmakers over an investment from China's state-owned Anshan Iron and Steel Group in one of its steel mills.
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China IPO and Europe bank tests point to jump at open

U.S. stock index futures pointed to a rise of more than 1 pct at the open on Tuesday on signs of strength in Europe's banking system and ahead of a $22 billion initial stock offering by the Agricultural Bank of China, set to be the biggest-ever IPO.
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ODL Markets offers No Dealing Desk Execution on forex trades

Clients of ODL Markets are now benefitting from No Dealing Desk execution on their forex trades, eliminating dealer intervention to provide you with transparent and fair execution. No Dealing Desk execution provides greater transparency and fairer execution by removing the conflict of interest between brokers and traders as well as reducing the potential for market interference by price providers.
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KKR nears NYSE with compensation details expected

Kohlberg Kravis Roberts & Co is moving closer to gaining its long-sought New York Stock Exchange listing, with a filing expected as early as Tuesday which should detail compensation for top executives at the private equity firm, a source familiar with the situation said.
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TPG and Goldman set to buy Candover's Ontex: sources

TPG and Goldman Sachs's private equity arm are close to a deal to buy Ontex, the European private-label diaper maker, from buyout firm Candover for 1.2 billion euros ($1.5 billion) or more, people familiar with the matter said.
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Bulls on the run in shortened week

Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend this week.
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Bulls on the run in shortened trading week

Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend next week.
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Pricing for double-dip

With the global economy slowing, interest rates about as low as they can go, governments getting austere and banks being investigated for stress, it is getting harder for investors to keep putting on their bullish faces.
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Doubts grow over fund firms' Asia dash

Asset managers are ramping up their presence in Asia to tap the cash of the growing middle class but some industry managers are warning that the quick bucks these funds are chasing may be elusive.
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Ex-AIG's Cassano emerges to offer defense

The much-maligned former head of the American International Group unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday to defend his firm's aggressive buildup of risky mortgage-linked securities.
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MF Global shuts Asia fuel oil swaps broking desk

MF Global (MF.N) has closed its Asia fuel oil swaps broking desk following the departures of all its brokers for the product, the company said on Wednesday. We can confirm that the fuel oil desk in Singapore is no longer a part of MF Global. We have no plans at this time to restart the desk, a company spokeswoman in New York told Reuters.
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Ex-AIG's Cassano defends no-losses proclamation

The former head of the American International Group unit that precipitated a $182 billion bailout pledge from taxpayers stood by a 2007 proclamation that the insurer would not lose even a dollar on a portfolio of securities that included subprime mortgages.
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Stock futures rise after steep sell-off

Stock index futures rose on Wednesday, rebounding from a steep sell-off, as investors were comforted that financially fragile European banks were less reliant on funding from the European Central Bank.
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UBS re-files suit over failed 2007 CDO deal

UBS AG has re-filed a suit against Highland Capital Management LP for $686 million, saying the hedge fund manager provided false financial information to avoid making payments on a transaction, according to court documents.
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UBS sues Highland for failed 2007 CDO deal

UBS AG sued Highland Capital Management LP for $686 million, saying the hedge fund manager provided false financial information to avoid making payments on a transaction.
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SEC pays $755,000 to settle with fired staffer

The U.S. Securities and Exchange Commission on Tuesday agreed to pay $755,000 to a former staff attorney who was fired while he was probing possible insider trading at a prominent hedge fund.

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