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BOSTON (MarketWatch) -- Jefferies Group Inc. on Monday said it launched its first exchange-traded fund, the Thomson Reuters/Jefferies CRB Global Commodity Equity Index Fund . The ETF trades on the NYSE Arca exchange. "Unlike many futures-based commodity ETFs, potential new futures regulation should not impact the ability of these ETFs to issue shares," said Adam De Chiara, co-President of Jefferies Asset Management LLC, in a press release. Because the ETFs are not based on futures, "they avoid the cost and complexity of continually buying and selling expiring futures contracts."
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HONG KONG (MarketWatch) -- HSBC Holdings Plc said Monday it sold its New York headquarters building for $330 million and will lease back the entire office tower for a year. It expects the sale to be completed by the first quarter of 2010. The bank also said it plans to retain New York as headquarters for its U.S. operations and has agreed to lease the first 11 floors of building, located at 452 Fifth Avenue, for 10 years.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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SAN FRANCISCO (MarketWatch) -- Private-equity firm Blackstone Group LP is close to a deal to acquire Anheuser-Busch InBev NV's theme parks unit for $2.5 billion to $3 billion, The Wall Street Journal reported Friday on its Web site, citing unidentified people familiar with the deal. Sale of the Busch Entertainment unit, which owns such properties as Sea World and the Busch Gardens parks, has been regarded by some as InBev's plan to help pay for its acquisition of Anheuser-Busch last year. The deal may still fall apart, sources told the Journal, but could also be announced as early as next we
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ek.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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SAN FRANCISCO (MarketWatch) -- Shares in U.S. Natural Gas Fund, an exchange-traded fund that tracks the prices of natural gas futures, edged higher in heavy volume after the close of regular trading Friday. UNG shares gained 0.5% to $11.45 as more than 24 million shares traded hands, making the stock one of the most active in the late-trading session. The rise added to a 3.3% gain in the regular session. On Friday, November natural-gas futures rose 25.2 cents, or 5.6%, to $4.718 per million British thermal units.
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SAN FRANCISCO (MarketWatch) -- Spring Grove, Minn.-based Jennings State Bank was closed by regulators Friday, marking the 97th U.S. bank failure of 2009. Jennings State Bank had $52.4 million in deposits as of July 31, according to the Federal Deposit Insurance Corp. The bank's failure will cost the federal deposit-insurance fund $11.7 million, the FDIC said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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SAN FRANCISCO (MarketWatch) -- Warren, Mich.-based Warren Bank was closed by regulators Friday, marking the 96th U.S. bank failure of the year. Warren Bank had $538 million in assets and $501 million in deposits as of July 31, according to the Federal Deposit Insurance Corp. The FDIC said in a statement that the bank's failure will cost the deposit-insurance fund $275 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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LONDON (MarketWatch) -- AstraZeneca said Friday a clinical study demonstrated that dapagliflozin added to metformin, showed significant mean reductions in the primary endpoint, glycosylated hemoglobin level, and the secondary endpoint, fasting plasma glucose, in patients with type 2 diabetes inadequately controlled with metformin alone, as compared to placebo plus metformin. Dapagliflozin is a novel, selective, sodium glucose co-transporter 2 inhibitor currently in phase 3 trials under joint development by Bristol-Myers Squibb Co. and AstraZeneca. The study also showed that individuals rece
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iving dapagliflozin had statistically greater mean reductions in body weight compared to individuals taking placebo.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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SAN FRANCISCO (MarketWatch) -- Immucor Inc. said late Thursday that its fiscal first-quarter profit rose to $21.3 million, or 30 cents a share, from $20 million, or 28 cents a share, in the year-ago period. Revenue rose to $83.1 million from $73.2 million last year. Analysts surveyed by Thomson Reuters estimated a quarterly profit of 25 cents a share on revenue of $77.8 million. The blood-testing products maker expects fiscal 2010 earnings of $1.10 to $1.17 a share. Analysts estimate $1.11 a share. Shares of Immucor rose 4.6% to $18.40 in light after-hours activity.Market Pulse Stories are Ra
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LONDON (MarketWatch) -- Shares of Grainger climbed 8% in early trade as the company said it's signed two credit facilities totalling 615 million pounds ($980 million). It now has no core debt facilities maturing in its financial year to September 2010, with 109 million pounds maturing in its financial year to September 2011 and 57 million pounds in its financial year to September 2012. The U.K. residential landlord said it continues to be highly cash generative. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more informat
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ion on this news.



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SAN FRANCISCO (MarketWatch) -- Yum Brands Inc. said Wednesday that its board raised the quarterly dividend by 11% and authorized a share buyback program. The board raised the quarterly dividend to 21 cents from 19 cents. The dividend is payable on Nov. 6 to shareholders of record as of Oct. 16. The board also authorized a $300 million share repurchase program. Yum shares rose 3.4% to $33.88 in recent trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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