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Volatile Nikkei keeps Asian stocks on edge Friday, May 24, 2013 7:48 am

A visitor looks at his mobile phone in front of monitors displaying market indices at the Tokyo Stock Exchange in TokyoBy Ian Chua SYDNEY (Reuters) - Asian stocks fell to one-month lows on Friday and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge. The Nikkei has soared nearly 70 percent since November, off the back of aggressive fiscal and monetary policies to revive the economy, leaving the market susceptible to profit taking. It fell more than 7 percent on Thursday after Chinese data raised doubts about the health of the global economy, but it found support on Friday from investors looking for bargains. ...


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Procter & Gamble brings back former CEO to fix company Friday, May 24, 2013 1:00 am

Former Chairman of the Board, President and Chief Executive Officer of Procter & Gamble A.G. Lafley speaks during the World Business Forum in New YorkBy Jessica Wohl (Reuters) - Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring. Lafley is taking on the roles of chairman, president and chief executive officer, effective immediately, while McDonald is set to retire on June 30 after 33 years at P&G. The move comes as some investors have pushed for faster improvements from the maker of Tide detergent and Gillette razors. P&G unveiled a $10 billion restructuring program in February 2012. ...


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Google faces new federal antitrust probe: source Friday, May 24, 2013 12:54 am

Google signage seen at the company's headquarters in New YorkWASHINGTON (Reuters) - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent out civil investigative demands in relation to the probe, which would be the sign of a formal and more serious investigation. ...


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Market turbulence poses first serious test for Abenomics Friday, May 24, 2013 8:07 am

Japan's Prime Minister Shinzo Abe delivers a speech at a dinner during the 19th International Conference on "The Future of Asia" in TokyoBy William Mallard TOKYO (Reuters) - This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy - if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide. On Friday, the Nikkei share average had another tumultuous session, traversing a 7.1 percent range between positive and negative territory before ending up 0.9 percent. The violent moves kept investors on edge after a 7. ...


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Icahn seeks up to $7 billion for Dell bid Thursday, May 23, 2013 8:51 pm

File photo of investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock ExchangeBy Michelle Sierra NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday. Jefferies & Co is leading the deal. Icahn and Southeastern are looking to lock in the financing before Dell shareholders meet in July to vote on a rival take-private offer from CEO Michael Dell and Silver Lake Partners. ...


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