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IPOs to test financial, biotech appetite

Two companies filed for initial public offerings on Monday, betting that investors would see opportunity in the battered financial sector and the nascent green technology industry.

Morgan Stanley to overhaul pay for top execs: report

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Morgan Stanley plans to overhaul pay plans for its top executives, deferring more of their compensation over time and benchmarking pay against rival firms, the Wall Street Journal reported Monday, citing people familiar with the matter.

COMEX Gold trades higher at $ 1110.5

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Gold futures on Monday traded relatively higher in the global markets. UK markets were shut due to low liquidity. COMEX Gold futures for February delivery are trading up $6.4 at $ 1110.5 per ounce, while MCX February gold futures hit a high of Rs 16910 trading up over Rs 50 at Rs 16878 per 10 grams.
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RPT-VIEW-Outlook for U.S. healthcare IPOs improving

Healthcare companies are lining up to go public, and they could get a warmer reception in 2010 as investors' risk appetite increases, and new legislation potentially leads to more profit for the sector.
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Swiss watchdog to examine Orange/Sunrise deal

Switzerland's competition watchdog will examine closely the planned merger between France Telecom's Orange and Danish-owned Sunrise to ensure the grouping does not dominate the Swiss mobile market.
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Six Flags' creditors want bondholder group revealed

Senior bondholders who drafted the reorganization plan for bankrupt Six Flags should reveal their investments to determine if they fairly represented themselves to the theme park company, according to a court filing by creditors.
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NYSE short interest rises in mid-December

Short interest on the New York Stock Exchange rose 2.7 percent in first half of December, the exchange said in a release late Thursday. As of December 15, short interest rose to about 13.53 billion shares, compared to 13.18 billion shares as of November 30.
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Munis in 2010: Back to the future

U.S. municipal bonds already have scored most of the out-sized, bounce-back gains from 2008's bear market and in 2010 will post only ho-hum returns.
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Stock futures flat to higher; eyes on airlines

U.S. stock index futures pointed to a flat to higher open on Wall Street on Monday following the Christmas break, with futures for the S&P 500 up 0.07 percent, Dow Jones futures flat and Nasdaq 100 futures up 0.27 percent at 4.17 a.m. ET.
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Gold rises in thin Asian trade

Gold prices moved up in thin Asian trade Monday as markets yet to pick up momentum after a three day holiday. Gold for immediate delivery was seen trading at $1111.05 an ounce at 12.00 noon Singapore time compared with New York's notional close of $1103.80.
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UBS whistleblower seeks prison postponement

A key informant in the U.S. tax evasion case against Swiss bank UBS AG has asked a federal court in Florida to postpone the scheduled January 8 start of his prison term so that he can cooperate further with the U.S. government to uncover tax cheats.
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UBS case whistleblower requests prison postponement

A key informant in the U.S. tax evasion case against Swiss bank UBS AG has asked a Florida court to postpone the scheduled January 8 start of his prison term, saying he is ready to cooperate further with the U.S. government in the case.
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Stocks to wrap up 2009 on high note

Wall Street is likely to make a strong showing in the final week of 2009 as the bulls gear up to toast the first annual advance for U.S. stocks in two years on hopes of more economic stability in 2010.
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IPO VIEW-Outlook for healthcare IPOs improving

Healthcare companies are lining up to go public, and they could get a warmer reception in 2010 as investors' risk appetite increases, and new legislation potentially leads to more profit for the sector.
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Investor sues Revlon chairman over stock swap

Revlon Inc's chairman and majority shareholder Ronald Perelman was sued by an investor who exchanged his common stock for preferred shares, alleging that he missed out on a sharp rally in the cosmetic maker's stock price.
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EU carbon falls on lower German power

European carbon prices fell on Thursday, pressured by lower German power prices. EU Allowances for December 2010 delivery lost 22 cents or 1.7 percent at 12.78 euros a tonne on around 160 lots traded by 0935 GMT.
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General Steel to raise $25 mln via share sale

Chinese steel products maker General Steel Holdings Inc (GSI.N) said it agreed with institutional investors to sell shares and warrants at a discount to raise about $25 million, sending its shares down as much as 22 percent.
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Aberdeen eyes RBS asset business: sources

Aberdeen Asset Management (ADN.L) is interested in buying the funds arm of Royal Bank of Scotland (RBS.L), two sources familiar with the situation said, as the bank offloads a raft of assets after a government-backed bailout.

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