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U.S. real estate IPOs face tough market

Initial public offerings by real estate investment trusts faced a tough market on Wednesday as investors shied away from taking on risk in a volatile market.

AMG to buy UK's Pantheon for $775 million

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Affiliated Managers Group Inc said on Wednesday it plans to buy British private equity group Pantheon Ventures, in the U.S. money manager holding company's fifth acquisition in seven months.
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Why gold price will plunge to $800 per ounce

In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years. These forecasts have caught people's attention who have been pouring money into gold and other precious metals all these months. But after the big surge of gold price to $1,227 per ounce some two months back, the yellow metal has been climbing down the ladder of speculation.
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UBS back to profit in Q4, outflows accelerate

Swiss bank UBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago but clients withdrew far more money than forecast, signaling he may need more time to steady the ship.
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Ex-Intel exec admits conspiring with Rajaratnam

A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.
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CIT sets John Thain's salary at $6 million a year

CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
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Judge questions SEC $150 million accord with BofA

A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide.
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Euro zone debt worries sink Dow below 10,000

The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
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Dow closes below 10,000 on euro zone debt woes

The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
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S&P, Nasdaq rise, but debt worries limit gains

U.S. stocks edged higher on Monday as several bellwether shares rose on brokerage upgrades and comments about improving economic conditions, though persistent worries about euro zone sovereign debt problems limited gains.
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Stock market recovers as the dollar drops

The S&P 500 erased earlier losses to trade positive for the day, as commodity related firms get a boost from a declining dollar and housing related stocks lead the rally.
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Citi in talks over $3 billion in car loans: report

Citigroup Inc has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, according to a report by the Financial Times.
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CIT, emerging from bankruptcy, hires Thain as CEO

CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
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Private equity firms brace for tax battle

Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash.
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U.S. won't renegotiate UBS tax deal: report

The United States is unwilling to re-enter talks to alter a key deal struck with Switzerland to end a damaging tax case against Swiss banking group UBS AG , the U.S. ambassador in Berne was quoted saying in a Swiss Sunday paper.
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Risks of investing in precious metals ETFs

The common misconception is that ETFs take in investor money and then go out and buy the assets according to their investment mandate, like a traditional open-end mutual fund.

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