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Stock Market News 
Reuters: Business News 
  • Medici lawyer says Kohn didn't get Madoff payments
  • NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
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  • Teck to sell 17 percent stake to China for C$1.74 billion
  • TORONTO (Reuters) - Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
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  • Earnings to set tone for stocks in week ahead
  • NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
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  • Stanford clients sue insurance broker Willis Group
  • NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
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  • Dollar status unlikely to be in G8 communique: G8 source
  • (Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
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  • About 10 firms submit bids for AIG Taiwan unit: reports
  • TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.
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  • Oil brokerage PVM names rogue trader behind oil spike
  • LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
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  • China moves on Opel with BAIC bid
  • FRANKFURT/MUNICH (Reuters) - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
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  • Oil falls below $66 after bleak U.S. jobs data
  • LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
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  • Shanghai plans own "Wall Street bull": report
  • BEIJING (Reuters) - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.
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Reuters Features - Money 
  • A financial primer for Gen Y
  • Gen Y seems like a savvy and entrepreneurial generation that can capitalize on what it already knows to get ahead. Here's how to get started.
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  • Self-help guide for consumers
  • Homeowners, savers and investors shouldn't feel bad if they are confused by the trend of banks collapsing. It's obvious the experts are confused, too.
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  • Marriage and money
  • How you handle money at the beginning of your marriage can have an enormous impact on the rest of your lives together. Or your lives not together.
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  • Tips for retirement home buyers
  • Real estate prices have taken a tumble in the most favored vacation and retirement home markets, making it tempting for buyers scouting for getaways.
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  • Keep watch on your credit file
  • There are easy, genuinely free ways to stay on top of your credit files and use them to save money. Here's what you need to know to do that.
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  • Sending your money abroad
  • You might not be able to afford an international vacation this summer, but you may want to consider sending some of your money overseas.
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  • Tapping home equity for no-debt cash
  • Several new products offer to replace interest payments and high reverse mortgage costs with an unknown share of future profits on the sale of a home. What's the catch?
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  • Desperate times require sensible measures
  • The economy is in a bad place and people are casting about, sometimes desperately, for ways to ease the crunch.
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  • Beat the high cost of summer
  • Happily, there are ways to get the best out of summer without swimming into a deeper debt hole. Here are some summer savings tips.
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  • Don't worry, be savvy
  • People are worried about job loss, debt, rising prices and not being able to sustain their retirement. Here's how to quiet that whiny voice in your head.
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  • Inflation investing
  • Gas, gold, food, fuel: Up, up, up, and up. Inflation is already showing up in key commodities, and many economists think more is on the way.
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Stock Market News 
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