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European stocks sag, but London lifted by oil prices
AFP   Friday, 23 March 2007

The DAX share index at the Frankfurt stock exchange in April 2006. European stock markets mostly fell after a mixed overnight showing in New York, but London was boosted by gains by oil majors.(AFP/DDP/File/Martin Oeser)AFP - European stock markets mostly fell after a mixed overnight showing in New York, but London was boosted by gains by oil majors, dealers said Friday.


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KB Home Sees Tricky Times Ahead
BusinessWeek Online   Friday, 23 March 2007
BusinessWeek Online - KB Home warned investors on Mar. 22 to expect more trouble in 2007. While the pace of order declines at the Los Angeles-based homebuilder has slowed during recent months, KB Home is bracing itself for headwinds such as fallout from the recent meltdown in the mortgage lending industry.
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Investors beware as China charts consumer boom
Reuters   Friday, 23 March 2007

Chinese dancers perform during the launching of 'Style-A-Coke' promotion allowing consumers to create their preferred Coke bottle label in Shanghai in this June 20, 2004 file photo. China is on course to become the world's second-largest consumer market by 2015, but foreign firms looking to tap the retail boom must brace for a bumpy ride and possible price wars, Credit Suisse said on Friday. (Claro Cortes/Reuters)Reuters - China is on course to become the world's second-largest consumer market by 2015, but foreign firms looking to tap the retail boom must brace for a bumpy ride and possible price wars, Credit Suisse said on Friday.


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Japanese stocks climb; dollar down
AP   Friday, 23 March 2007

A Japanese businessman watches a stock indicator in Tokyo Thursday, March 22, 2007. The benchmark Nikkei 225 index gained more than 300 points,  up 1.8%, and traded at 17463.22  points after opening surge following U.S. market rally overnight.  (AP Photo/Shizuo Kambayashi)AP - Japanese stocks rose Friday for a fourth straight session, climbing to their highest in nearly a month, led by autos, banking and oil issues.


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FTSE opens lower, British Airways leads decliners
FT.com   Friday, 23 March 2007
FT.com - London equities traded to the downside in opening deals on Friday following on from a quiet session on Wall Street overnight.
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European stocks turn lower as profits booked
FT.com   Friday, 23 March 2007
FT.com - European equities ended a strong week on a downbeat note, slipping from four-week highs as investors took profits, but takeover activity was expected to keep a lid on the losses.
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Nike to change shopping experience
AP   Friday, 23 March 2007

A Nike display is seen at Niketown in Portland, Ore., in this March 21, 2006 file photo. Nike Inc. is expected to release quarterly earnings Thursday, March 22, 2007.  (AP Photo/Rick Bowmer, file)AP - Nike Inc. won't say where, how or when — but it wants to change the way consumers shop. "Consumers want a more compelling and relevant experience wherever and whenever they shop," Nike President and Chief Executive Mark Parker said Thursday as the company released its third-quarter results and said it had a soft year with some specialty mall retailers.


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Blackstone's Schwarzman embraces IPO
AP   Friday, 23 March 2007

Tony James, President of Blackstone Group LP, speaks during the Reuters Investment Banking Summit in New York, November 14, 2006. The private equity firm filed with regulators on Thursday for an initial public offering of up to $4 billion of common units. (Keith Bedford/Reuters)AP - Blackstone Group LP, one of the world's biggest private equity firms, on Thursday said it seeks to raise up to $4 billion in a highly anticipated initial public offering. The New York-based firm, known for multibillion dollar takeovers such as February's buyout of Equity Office Properties, announced its intentions to go public in a filing with the Securities and Exchange Commission. The firm plans to list on the New York Stock Exchange.


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Fed accused of subprime 'perfect storm'
FT.com   Friday, 23 March 2007
FT.com - The Federal Reserve helped create a "perfect storm" in the US subprime mortgage market that could expose up to 2.2m more Americans to the threat of home foreclosure, Chris Dodd, chairman of the Senate Banking committee, said on Thursday.
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Fingers pointed over mortgage meltdown
AP   Friday, 23 March 2007
AP - Charges of blame were flying Thursday for the meltdown of the high-risk mortgage market as pressure mounted for Congress to do something about rising foreclosures among homeowners unable to meet high payments.
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Blackstone unveils plans to go public
AP   Friday, 23 March 2007

Tony James, President of Blackstone Group LP, speaks during the Reuters Investment Banking Summit in New York, November 14, 2006. The private equity firm filed with regulators on Thursday for an initial public offering of up to $4 billion of common units. (Keith Bedford/Reuters)AP - Blackstone Group LP, one of the world's biggest private equity firms, on Thursday said it seeks to raise up to $4 billion in a highly anticipated initial public offering. The New York-based firm, known for multibillion dollar takeovers such as February's buyout of Equity Office Properties, announced its intentions to go public in a filing with the Securities and Exchange Commission. The firm plans to list on the New York Stock Exchange.


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