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23 May 2005 08:13 AM
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Goldman markets worst-performing IPOs this year:
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Goldman Sachs Group Inc. leads in underwriting initial public offerings where investors lose money, evidence shows as money was lost by invetors in 8 of the firm’s 10 IPOs in 2005. This led to a 10.8% drop in shares of the world’s most profitable securities firm. Goldman Sachs earned about $120 million from organizing IPOs this
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23 May 2005 07:40 AM
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Mizuho expects its 2005 profit to fall 20%:
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Mizuho Financial Group said today that it expects its 2005 profit to fall 20% on weak demand for loans.
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23 May 2005 05:43 AM
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MERRILL LYNCH RAISED CIENA TO "NEUTRAL" FROM "SELL":
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MERRILL LYNCH RAISED CIENA TO "NEUTRAL" FROM "SELL"
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23 May 2005 05:41 AM
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J.P. MORGAN CUT TECO ENERGY TO "NEUTRAL" FROM "OVERWEIGHT":
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J.P. MORGAN CUT TECO ENERGY TO "NEUTRAL" FROM "OVERWEIGHT"
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23 May 2005 03:13 AM
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MARKET SNAPSHOT: JAPANESE EQUITIES, FOREX:
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Advantest rallied 1.02% to 7940 yen, Canon rose 0.70% to 5790 yen. NEC was up 1.88% to 596 yen. Sony rocketed 2.23% to 4120 yen.
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20 May 2005 04:28 PM
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MARKET SNAPSHOT: U.S. EQUITIES, FOREX:
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The Dow Jones Industrial declined 21.28 points, or 0.20%, to 10,471.91. The Nasdaq Composite rose 3.84 points, or 0.19%, to 2,046.42. The S&P500 fell 1.80 points, or 0.15%, to 1,189.28.
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20 May 2005 03:53 PM
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MARKET SNAPSHOT: COMMODITIES:
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June crude oil futures declined $0.04 to $48.70 a barrel. For the week oil fell 2.9%.
June gold futures tumbled $3.20 to $417.6 an ounce.
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20 May 2005 03:50 PM
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MARKET SNAPSHOT: EUROPEAN EQUITIES:
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The Dax Index rose 0.26 points, or 0.01% to 4360.68, the FTSE 100 Index was up 9.10 points, or 0.18% to 4971.80, the CAC 40 Index added 10.20 points, or 0.25% to 4096.68.
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20 May 2005 11:05 AM
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Burns: Iran keeps nuclear ambitions:
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The US diplomat said Thursday Iran seem to keeping its ambitious nuclear program in progress as Iran denied a request from leading countries to abandon its nuclear enrichment program.
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20 May 2005 10:58 AM
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Brown: good start for expectations:
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Gordon Brown, MP Chancellor of the Exchequer, faces good start for his forecast with the bullish figures in public finance.
In April, public net borrowing amounted to £1.3 billion, down from £2.8 billion in the same month of 2004 and definitely
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20 May 2005 10:55 AM
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No forex intervention, Bank of Korea says:
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On Thursday, the Bank of Korea backtracked on its comments of further intervention in the foreign exchange markets on a sharp fall of the US dollar overnight, according to the Financial Times.
“I believe that we now have sufficient reserves to secure our sovereign credibility, so I do not anticipate increasing
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20 May 2005 10:54 AM
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Russia wants to retain investors:
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Russia is taking several steps to regain some potential investors in the aftermath of the Khodorkovsky trial and mounting skepticism from the leading countries as to the ability of President Vladimir Putin to prove the world that Russia is a democratic country.
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20 May 2005 09:19 AM
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Maytag sold to Ripplewood and others for $1.13 Billion:
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Ripplewood LLC, Goldman Sachs Group Inc.’s GS Capital Partners and J Rothschild Group will purchase Maytag Corp. for about $1.13 billion. The acquisition will take place at the price of $14 a share, at a 21% premium
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20 May 2005 09:17 AM
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US Airways to merge with America West creating 6th-largest carrier:
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US Airways, the US seventh-largest airline, is merging with the nation’s No.8 America West, creating the sixth-biggest carrier that is expected to meet the competition with low-cost airline companies.
The
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20 May 2005 09:16 AM
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Fannie Mae bolstered capital:
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Government-backed Fannie Mae bolstered its capital, according to its regulator, the Office of Federal Housing Enterprise Oversight, and was "significantly undercapitalized" at the end of 2004.
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