INVESTMENT

Blackstone COO sees capital shift away from U.S.

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Blackstone Group's COO Tony James said on Wednesday he foresees a gradual shift in the coming years of capital pools away from the United States to Asia, the Middle East and other areas of the globe.

Ex-client of UBS gets house arrest for tax fraud

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A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties with wealthy Americans hiding money overseas was sentenced to one year house arrest and a fine on Wednesday for a multimillion-dollar tax evasion scheme.
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Blackstone in talks to cut Hilton debt: source

Private equity firm Blackstone Group is talking to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain, a source familiar with the situation said on Wednesday.
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Carbon values drive forest investment

New rewards to store carbon in trees are driving forestry investments, but green groups fear they pose a threat to ancient woodlands and rainforests.
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Wall St set for weak open as rally reassessed

Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
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HSBC, BoCom strike China card deal to tap growth

HSBC Holdings and Bank of Communications (BoCom) plan to transfer their joint credit card activities in China into a new company to tap into expected strong growth in the world's most populous country.
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Stock futures fall, durable goods, home sales on tap

U.S. stock index futures fell on Wednesday with more company results and durable goods and housing sales figures on tap as investors seek insight into the health of the economy a day after disappointing consumer confidence data.
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Stock futures down ahead of earnings, data

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.12 percent and Nasdaq 100 futures down 0.28 percent at 5:10 a.m. EDT.
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GMAC, Treasury in talks on new capital: report

The U.S. Treasury and GMAC Financial Services are in advanced talks to prop up the lender with a third tranche of taxpayer-backed funding, the Wall Street Journal reported on Tuesday.
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Ex-AMD CEO linked to Galleon via info leak: report

A former chief executive of Advanced Micro Devices became the biggest name to be linked to the Galleon Group insider-trading scandal, when the Wall Street Journal reported on Tuesday that he leaked information about the microprocessor maker in 2008 to a hedge fund manager.
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Not all U.S. online brokers see clear crystal ball

While TD Ameritrade Holding Corp predicted a bold jump in trading by individuals next year, smaller online broker E*Trade Financial Corp , dealing with in-house loan losses, cautioned that much uncertainty still lies ahead.
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SL Green sees role in Stuyvesant Town restructuring

SL Green Realty Corp, a New York office owner and commercial real estate lender, said on Tuesday it expected to play a role in the restructuring of the debt on two huge Manhattan apartment complexes teetering on the edge of default.
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JPMorgan looks to add financial advisers

JPMorgan Chase & Co , the second largest U.S. bank, is looking to add financial advisers, Chief Executive Jamie Dimon told a conference in New York on Tuesday.
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ING shares halted due to high volumes

ING shares were sold sharply lower the day after it announced plans for a highly dilutive rights issue, before the record number of shares trading hands caused a technical glitch and the share's suspension.
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Robert McCann to head UBS U.S. wealth unit

Robert McCann, the new head of the battered U.S. wealth management unit of Swiss bank UBS AG , said he aims to stem client withdrawals and has no plans to sell the business.
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Amcore says undercapitalized, Q3 loss up 8-fold

Troubled lender Amcore Financial Inc posted a seventh straight quarterly loss, hurt by higher provisions, and said it was significantly undercapitalized, sending its shares down 42 percent.
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Analysts cut Baidu price target as outlook disappoints

Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet advertising technology.

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