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Wall St stirred by prospect of Blackstone IPO
FT.com   Saturday, 17 March 2007
FT.com - Wall Street plumbed new lows for the year this week but stocks recovered as investors regained composure after subprime mortgage scares.
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Rep Frank targets end of 2007 for lending bill
Reuters   Saturday, 17 March 2007
Reuters - The chairman of the U.S. House of Representatives Financial Services Committee said on Friday he is targeting the end of 2007 for passage of a bill to reign in predatory lending like that behind the growing crisis in subprime mortgage market.
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ALL BUSINESS: Jobs trump subprime woes?
AP   Saturday, 17 March 2007
AP - The employment outlook isn't generating nearly as many headlines as the subprime mortgage mess, but maybe it should. That's because the job market is in pretty good shape, offering support to the economy when other factors are surely weighing on growth.
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China: Investment won't hurt dollar
AP   Saturday, 17 March 2007

Drivers play Chinese chess on the steps of Beijing's Great Hall of the People while waiting for the end of a National People's Congress press conference inside Monday March 12, 2007. China's commerce minister on Monday rejected U.S. pressure over its soaring trade surplus, criticizing proposed punitive tariffs as a violation of free trade that would hurt American companies. (AP Photo/Greg Baker)AP - China's prime minister tried to reassure the world about its financial goals Friday, saying a planned company to invest some of its $1 trillion in reserves won't affect dollar-denominated assets and promising to reform unruly Chinese stock markets.


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Consumer sentiment dips in March
Reuters   Friday, 16 March 2007

Customers shop a Wal-Mart store in Chicago in this September 27, 2006 file photo. Consumer sentiment slipped to its lowest in six months in March, as worries about declining stock prices and the health of the housing market shook consumer's confidence in the economy, a report showed on Friday. (Joshua Lott/Reuters)Reuters - U.S. consumer sentiment slipped to its lowest in six months in March, as worries about declining stock prices and the health of the housing market shook consumer's confidence in the economy, a report showed on Friday.


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AnnTaylor results, forecast boost shares
Reuters   Friday, 16 March 2007
Reuters - Women's apparel retailer AnnTaylor Stores Corp. posted better-than-expected quarterly profit on Friday and forecast earnings for the year above the average Wall Street estimate, sending its shares up as much as 7 percent.
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Stocks drop following data on inflation
AP   Friday, 16 March 2007

Andrew Cerise, left, and a colleague watch the screens at their post on the floor of the New York Stock Exchange, Wednesday, March 14, 2007. Wall Street fluctuated Wednesday, seeking a direction a day after concerns about faltering subprime mortgage lenders sparked a broad selloff in stocks. (AP Photo/Richard Drew)AP - Stocks were narrowly mixed in early trading Friday after Wall Street found some relief in an inflation reading that was better than the market feared and as industrial production showed a stronger-than-expected increase.


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Wall Street slips as inflation worries persist
Reuters   Friday, 16 March 2007

A screen displays trading numbers at the New York Stock Exchange, March 14, 2007. (Chip East/Reuters)Reuters - Stocks slipped at the open on Friday as investors worried that the Federal Reserve may be far from cutting interest rates any time soon after government data showed a rise in February consumer prices.


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Industrial output rose 1.0 pct in February
Reuters   Friday, 16 March 2007

A Ford Motor Company employee performs a leak test on an automatic transmission in a dunk tank at the Ford Motor Company Livonia Transmission Plant in Livonia, Michigan, January 9, 2007. U.S. industrial output posted its biggest gain in more than a year, rising a much larger-than-expected 1.0 percent in February, fueled by motor vehicles, high-tech and utilities, a government report said on Friday. (Gary Cameron/Reuters)Reuters - U.S. industrial output posted its biggest gain in more than a year, rising a much larger-than-expected 1.0 percent in February, fueled by motor vehicles, high-tech and utilities, a government report said on Friday.


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Consumer inflation, industrial output up
AP   Friday, 16 March 2007
AP - Consumer inflation spurted higher in February, reflecting rising costs for gasoline and big jumps for food, while industrial output rebounded sharply, in large part because of the biggest jump in utility production in 17 years.
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Consumer prices rise on energy cost bounce
Reuters   Friday, 16 March 2007

Shoppers walk past the Sony Style store at The Beverly Center shopping mall in Los Angeles, in this December 20, 2006 file photo. U.S. consumer prices climbed more than expected in February as energy costs bounced back from a January drop and food prices climbed at the steepest rate in nearly two years, a Labor Department report on Friday showed. (Fred Prouser/Reuters)Reuters - U.S. consumer prices climbed more than expected in February as energy costs bounced back from a January drop and food prices soared, though core prices that exclude food and energy met forecasts, a Labor Department report on Friday showed.


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