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Monday, June 18, 2012

Reuters Money: Relieved Europe hints at more time for Greece

Reuters » Money 2012
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06/18/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Relieved Europe hints at more time for Greece
BERLIN/ATHENS (Reuters) - Euro zone paymaster Germany, relieved at a narrow election victory for Greece's pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit.
Russian online retailer KupiVIP eyes New York IPO
MOSCOW (Reuters) - Russian online retailer KupiVIP wants to hold an initial public offering in New York within two years that could raise more than $120 million, its founder and chief executive said on Monday, continuing a trend of web groups seeking public listings.
New buyers may lift London art sales to $1 billion
LONDON (Reuters) - London's art market is attracting the lion's share of business from an emerging class of super-wealthy collectors from Russia, the Middle East and China, and they are likely to be a big factor in a summer season of sales valued at up to $1 billion.
Yahoo hires former Google director to lead ad revenue
SAN FRANCISCO (Reuters) - Yahoo Inc has hired former Google director and media veteran Michael Barrett to help lead its efforts to reemerge as an entertainment and information destination that wins advertising revenue.
Man Group finance head exits as "fightback" begins
MONACO/LONDON (Reuters) - Embattled hedge fund firm Man Group Plc dropped its finance chief on Monday in its latest management reshuffle designed to regain investor confidence and reverse poor performance at the flagship AHL fund.
Wall Street opens lower as Greek vote euphoria fades
NEW YORK (Reuters) - Stocks fell on Monday as initial enthusiasm over a victory for pro-bailout parties in Greek elections was overshadowed by rising Spanish and Italian bond yields.
EU considering doubling term of Irish bailout: report
DUBLIN (Reuters) - Ireland's international lenders are considering doubling the average repayment term of some of its 85 billion euro ($107 billion) bailout to 30 years from 15, state broadcaster RTE reported, citing sources among the lenders.
Baby Boomers to kids: Inheritance? Maybe not
(Reuters) - Most young, wealthy Americans believe it's important to pass money on to their heirs. They may be disappointed to learn that their parents don't feel the same way.
After Gupta, Wall Street watch out: Frankel
NEW YORK (Reuters) - Without former U.S. District Judge Richard Holwell, there probably would not have been any prosecution of Rajat Gupta, the former Goldman Sachs director and McKinsey chief convicted Friday of insider trading and conspiracy.
Big investors on sidelines in Facebook case: Frankel
NEW YORK (Reuters) - On Friday, Facebook Inc and its underwriters offered some clues about how they intend to defend the more than 40 suits filed so far in state and federal court that accuse them of deceiving investors in their initial public offering.
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