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Market News

Location American Market News for 15 June 2013

Even Jay-Z Can't Help Bond Sale

Wall Street Journal - 15 Jun 2013 04:37
Jay Z's star power didn't extend to his involvement with Iconix Brand Group's bond offering. The company paid a higher-than-marketed 4.375% to sell $275 million of securities, as investors edge back from riskier assets.
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Pedrosa outclasses rivals at Montmelo

CNN - 15 Jun 2013 18:23
Championship leader Dani Pedrosa will be hard to stop at the Catalunya Grand Prix after his record lap in qualifying.
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A lesson from the Fed about the pitfalls of easy money Ben Bernanke looks like a man who chooses his words carefully.
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What does the future hold for the five main asset classes - sovereign bonds, equities, property, commodities and the currency itself, sterling?
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In Japan, Aversion to Mergers Runs Deep

Wall Street Journal - 15 Jun 2013 04:59
A failed attempt to merge Kawasaki and Mitsui's shipbuilding arms shows the difficulties Prime Minister Abe faces in convincing staunchly independent Japanese firms they need to consolidate to spur growth.
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Outsiders Grab Control of Morgans Hotel Board

Wall Street Journal - 15 Jun 2013 00:58
Dissident shareholder OTK Associates gained control of Morgans Hotel Group Corp.'s board Friday, likely reducing the chances the trendy hotel operator will sell itself.
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