Friday, September 22, 2006

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Sept. 14 (Bloomberg) -- China halted acquisitions of domestic brokerages by international firms, delaying Wall Street's expansion in the world's fastest-growing stock market.

Sept. 15 (Bloomberg) -- Prices paid by U.S. consumers rose in August at half the previous month's pace, pointing to an easing in inflation pressures as forecast by Federal Reserve policy makers.

Sept. 15 (Bloomberg) -- Manufacturing in New York state expanded at a faster pace this month as shipments rose and order backlogs increased, a Federal Reserve report showed.

Sept. 15 (Bloomberg) -- Rodrigo de Rato, head of the International Monetary Fund, is struggling to curb the influence of some European nations in favor of faster-growing economies like China.

Despite the long term warming trend seen around the globe, the oceans have cooled in the last three years, scientists announced today. (MSNBC)

Sept. 19 (Bloomberg) -- Eurotunnel SA shareholder Nicolas Miguet stood on a rusty ladder outside the old Paris stock exchange on Sept. 14, addressing a crowd of 200 through a megaphone, before leading a march to the Paris Commercial Court. ``If people invest their money it's for their children or their retirement, not to give it to jerks in Manhattan who buy Dom Perignon by the case to fill up their bathtubs,'' shouted Miguet, 45, who plans to seek the French presidency next year. ``This is a fight of good against evil.''
Irate over the painful bloodletting, Amaranth's investors, including big government pension funds in New Jersey and Pennsylvania, were exploring their legal options yesterday. Anticipating a flood of lawsuits, Amaranth hired bigtime Wall Street law firm Skadden Arps Slate Meagher & Flom to defend it. (NY POST)

CABLEVISION AWARDED options to a vice chairman after his 1999 death but backdated them to make it appear they were awarded when he was still alive. Cablevision restated its results as an options probe escalated. (WSJ)

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