INVESTMENT

Court OKs dismissal of appeals in CBOE case

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The Delaware Supreme Court upheld the dismissal of appeals in a case over ownership rights at The Chicago Board Options Exchange, removing an obstacle to the CBOE's plan to turn itself into a for-profit shareholder company, the exchange said on Wednesday.
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Geithner sees case for some derivatives exemptions

U.S. Treasury Secretary Timothy Geithner said on Wednesday there was a good case to let some firms use derivatives with little scrutiny for business purposes, but that most trading should face stiffer rules.
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Dow, S&P dip on banks, energy

The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon.
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Dow dips on banks and energy

The S&P 500 and Nasdaq rose on Wednesday, lifted by positive news on online retailers such as Amazon, while the Dow edged lower with energy and financials following mixed data on the labor market.
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Technology gives some high-speed traders advantages

The days of swashbuckling backslappers on the floor of the New York Stock Exchange have given way to an era of trading dominated by analytical technical whizzes whose computers may be running from a town in deepest New Jersey or Texas.
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Gold hits record high as investors bet on more gains

Gold hit record highs at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions due to expectations of a fresh leg of dollar weakness and more central bank buying.
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Carlyle Group to announce Brazil deals soon

U.S. private equity firm Carlyle Group plans to announce two or three deals soon in Brazil, Latin America's largest economy, co-founder David Rubenstein said on Wednesday.
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New Look picks banks for possible IPO: source

British fashion retailer New Look has moved closer to a stock market return by picking banks to handle a possible initial public offering (IPO) early next year, an industry source said on Wednesday.
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KKR, Fubon among bidders for Morgan Stanley's CICC stake

Kohlberg Kravis Roberts & Co and Fubon Financial are among the bidders for Morgan Stanley's stake in Chinese investment bank CICC, people familiar with the matter said on Wednesday, in a deal that could be worth more than $1 billion.
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Geithner: Don't let companies avoid derivatives

U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to let regulators block companies from customizing derivatives contracts to avoid trading on central clearing houses.
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Key political risks to watch for W.Europe markets

Contagion from emerging markets Ukraine and Dubai, debt in the eurozone's weakest economies, British politics, climate talks in Copenhagen and tensions with Tehran could all affect Western European markets in December.
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European shares edge lower; financials weigh

European equities edged lower on Wednesday after their biggest one-day gain in more than 4 months in the previous session, as a decline in banking stocks offset higher pharma and food shares.
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Futures point to Wall Street extending gains

Stock index futures pointed to U.S. shares mostly extending their gains on Wednesday, with the Dow Jones industrial average having hit a 14-month closing high in the previous session.
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China lets foreigners set up limited partnerships

Foreign firms and individuals will be allowed to set up limited partnership firms in China from March 2010, a move that could make it easier for some overseas investors to tap the domestic market.
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CBOE settles suit, clearing path to merger or IPO

The Chicago Board Options Exchange will pay $2.1 million to settle its long-running litigation over ownership rights, eliminating legal barriers to demutualization within days or weeks, the exchange said.
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Barclays gets extra boost from $15.2 bln BGI deal

Barclays completed the sale of its asset management arm to U.S. fund manager BlackRock on Tuesday for $15.2 billion, or $1.7 billion more than when it struck the deal in June after a jump in BlackRock's share price.
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Russia Stem Cell firm sees IPO at low end of range

Russia's Human Stem Cell Institute will raise around 140 million roubles ($4.80 million) at its upcoming IPO after avgreeing to sell shares at the lower end of its price range, the company said on Tuesday.
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Dubai crisis to shape 2010 global risk mindset

Dubai's debt crisis may not sow lasting global contagion, but it may colour a 2010 investment landscape where asset managers will likely differentiate more between risks rather than embracing them indiscriminately.

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