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World stocks down from 9-month highs

World stocks backed away from nine-month highs on Wednesday as worse-than-expected euro zone industrial figures and a warning about rising unemployment from U.S. Federal Reserve Chairman Ben Bernanke broke a seven-day winning streak.

Beijing govt backs BAIC's bid for overseas assets-sources

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The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's (F.N) Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.
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Wells Fargo loan losses rise

Wells Fargo said on Wednesday the loan losses increased in the second quarter as borrowers battled to keep their payments up to date. The bank dropped as much as 7.6 percent in New York trading.
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Futures point lower ahead of earnings

Stock index futures fell on Wednesday, a day after the Nasdaq stock index clinched a 10-day winning streak, as investors braced for another round of quarterly results from bellwethers including Morgan Stanley and Boeing Co .
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Stock futures signal losses; eyes on Apple

U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, following recent gains, as investors braced themselves for more results from bellwethers such as Morgan Stanley , PepsiCo , Pfizer , Boeing and Wells Fargo .
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JPMorgan CEO Dimon makes $2.29 mln from options

JPMorgan Chase & Co Chief Executive Jamie Dimon made a $2.29 million pretax profit by exercising stock options and then selling most of the resulting shares of the second-largest U.S. bank.
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China International Travel Service approved for $250 m IPO

China International Travel Service Corporation Limited got approval from the China Securities Regulatory Commission (CSRC) for an initial public offering (IPO) on the Shanghai Stock Exchange, the securities regulator said on Monday.
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BlackRock profit, assets under management fall

Asset manager BlackRock Inc said second-quarter profit fell from a year earlier as assets under management declined, but results rebounded from the first quarter as markets recovered.
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Merrill may sell management of Asian property fund: source

Bank of America's (BAC.N) Merrill Lynch is in talks with several firms including Blackstone (BX.N) and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal said.
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Biotech leaps ahead in venture funding - report

Biotechnology leapt ahead as the biggest recipient of U.S. venture capital money in the second quarter, but first-time venture investments in companies overall dropped to a 15-year low, a trade association reported on Monday.
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Head of Morgan Stanley left for HSBC

Relevant sources from Morgan Stanley &Co confirmed that C.N. Liu, managing director and head of corporate finance department in Hong Kong, have dismissed Morgan Stanley early in July.
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Caterpillar, Merck results boost futures

Stock index futures rose on Tuesday, a day after the S&P 500 hit its highest closing level in eight months, after Caterpillar Inc posted stronger-than-expected quarterly results.
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Futures flat ahead of busy earnings day

Stock index futures were little changed on Tuesday, a day after the S&P 500 hit its highest closing level in eight months and ahead of one of the busiest days of this quarter's earnings season.
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Index futures point to lower Wall St open

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 0.1-0.2 percent, pointing to a lower start on Wall Street on Tuesday.
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Asia stocks hit 10-month high as earnings reassure

Asian stocks edged up to another 10-month peak on Tuesday after strong company earnings reassured investors that a U.S. economic recovery is taking root, prompting a further shift into riskier assets from the safe-haven dollar.

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