Asia Follows Wall Street Sell-Off on 'Taper' Fears
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WASHINGTON-- Federal investigators have charged 530 people for allegedly defrauding more than 73,000 desperate homeowners around the country who fell behind on mortgage payments, leaving them vulnerable to con artists offering to help them avoid foreclosure.
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AMSTERDAM-- World stock markets fell Tuesday on a gloomy forecast from the IMF and worries over Europe's debt crisis ahead of the start of earnings season.
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Oct 9- HD Supply Inc:. *Moody's changes rating outlook for HD Supply to positive; assigns caa2 to new. *Rpt-moody's changes rating outlook for hd supply to positive; assigns caa2 to.
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--WellPoint's acquisition of Amerigroup will likely close by year-end 2012.. --We are keeping our' BB+' counterparty credit rating on Amerigroup on CreditWatch Positive. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services said that its' BB+' long-term counterparty credit rating on Amerigroup Corp..
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*Alcoa settlement also includes alumina supply contracts. DUBAI, Oct 9- Alcoa Inc will pay $85 million in cash and enter long-term raw material supply contracts with Aluminum Bahrain to settle the Bahraini firm's racketeering and fraud lawsuit against Alcoa, the companies said on Tuesday.
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--Atlanta- based industrial distributor HD Supply Inc. is offering $750 million of new senior unsecured notes and we expect it to use the proceeds to redeem a portion of its outstanding subordinated notes due 2015.. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services affirmed all its ratings on HD Supply Inc., including its' B' corporate credit rating.
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JACKSON, Miss.-- Trustmark Corp. says it will delay its takeover of BancTrust Financial Group because regulators haven't approved the deal yet. Jackson- based Trustmark had been scheduled to close its $55 million purchase of BancTrust by Dec. 31.
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NEW YORK, Oct 9- U.S. natural gas futures reversed course and turned higher midday Tuesday after early selling, backed by a slightly colder turn in noon computer weather model projections. "It's all about weather, and it looks like the noon run turned a bit colder for the 11- to 15- day forecast," a New York- based trader said.
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The banks' action follows interest rate cuts by Denmark and Switzerland to protect their currencies from investors seeking safe haven from the euro. But this revenue source in the kroner and franc has dried up now that Denmark and Switzerland have cut rates.
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PROVIDENCE, R.I.-- Gasoline prices are holding steady in Rhode Island. AAA Southern New England said Tuesday that the average price for a gallon of regular unleaded gas is $3.96, unchanged from last week. Drivers in Rhode Island paid an average of $3.54 a gallon at this time last year.
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*IPO price range narrowed to 170- 177.5 pence- sources* RBS will sell a minimum 30 percent stake- sources By Matt Scuffham and Kylie MacLellan.
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NEW YORK, Oct 9- United Refining Inc has agreed to buy Phillips 66' s marine terminal and associated assets near New York Harbor, a deal that will add a five-million-barrel oil storage facility to the company's northeast assets, the two companies said on Tuesday.
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*Solar panel makers have also filed action in Europe against Chinese manufacturers. WASHINGTON/ LOS ANGELES, Oct 8- The U.S. Commerce Department on Wednesday will announce final duties on billions of dollars of solar panels from China in a high-profile case that has raised fears of further damage to an already fragile industry.
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JOHANNESBURG, Oct 9- Workers from South Africa's Motor Transport Workers Union have not agreed to suspend strike action as reported earlier by the freight employers association, the group said on Tuesday.
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Oct 9- Standard& Poor's Ratings Services said on Tuesday it expected state and local governments in the United States to grow less in 2013 than previously forecast.
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Oct 9- Universal Electronics Inc:.
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JEFFERSON CITY, Mo.-- Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office, though it appears only fraction of that has made it to the family's bank accounts, according to an Associated Press analysis.
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SAN FRANCISCO, Oct 9- U.S. venture capital firms raised $4.98 billion dollars last quarter, the National Venture Capital Association and Thomson Reuters said on Tuesday, accelerating a trend in venture capital where funds are heading to extremes in size. Sequoia Capital raised $950 million last quarter, while GGV Capital raised $524 million.
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