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UBS cuts jobs at U.S. wealth arm: sources

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Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.
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UBS cuts jobs at U.S. wealth arm-sources

Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.
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Blackstone wins dismissal of lawsuit over IPO

Blackstone Group LP won dismissal on Tuesday of an investor class-action lawsuit accusing the private equity firm of failing to disclose prior to its 2007 initial public offering that some of its holdings were losing value.
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Nasdaq CEO sees quality of IPO improving

Nasdaq OMX Group Inc Chief Executive Robert Greifeld said the quality of companies trying to sell their shares to the public is improving as the long-shuttered IPO market returns to life.
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SEC warns swaps may evade White House reform

The U.S. securities regulator warned Congress on Tuesday that parts of the $450 trillion private swaps market could still fall through regulatory cracks under the Obama administration's financial reform plan.
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Wall Street jumps on recovery bets

Stocks rose on Tuesday, as investors bet the Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
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China buys Noble stake, seeks commodities expertise

China Investment Corp, a $200 billion sovereign wealth fund, has bought a 14.5 percent stake in trading firm Noble Group for $850 million, giving China greater exposure to global commodities and trading expertise.
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Blackstone, Lion get $3.85 billion Orangina bid

Japanese brewer Suntory SUNTH.UL has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments.
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Citi, UBS, Deutsche Bank fined over Vonage IPO

A U.S. regulator ordered Citigroup Inc, UBS AG and Deutsche Bank AG to pay up to $845,000 in fines and restitution because of communications breakdowns related to the 2006 initial public offering of Vonage Holdings Corp.
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Wall Street to open up as commods rise on weak dollar

U.S. stock index futures pointed to a higher open for Wall Street on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.
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Harbinger sells 5 mln New York Times shares

Hedge fund Harbinger Capital Partners said in a regulatory filing it had sold about 5 million shares in New York Times Co at $8.25 apiece on Sept. 17, to reduce its stake to 16.38 percent from 19.94 percent.
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Big holder cuts Citi Stake

Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
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GIC trims Citi stake to below 5 percent

Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
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Stock futures signal gains; eyes on Fed

Stock futures pointed to a higher opening on Wall Street on Tuesday, with futures for the S&P 500 up 0.7 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.7 percent at 4:56 a.m. EDT.
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U.S. charges Obama fund-raiser in $290 million fraud

Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.
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Fifth Street to offer 4 mln shares

Business development company Fifth Street Finance Corp said it began a public offering of 4 million common shares and expects to use most of the proceeds to make investments in small and mid-sized companies.

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