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Analysts see massive pile of debt in Verizon-Charter deal

  Bloomberg Verizon Communications Inc. is said to have given thought to buying Charter Communications Inc., a deal that would create the biggest US wireless and internet provider. But many in the finance world are focused on another superlative a Charter tie-up could lead to: the world’s biggest corporate debtor. And that’s causing some credit analysts to wonder how Verizon ...

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Saudi, Kuwait climb again as UAE, Qatar underperform

  DUBAI / Reuters Middle East stock markets were mixed on Sunday as uptrends in Saudi Arabia and Kuwait continued to divert regional investors’ money away from the United Arab Emirates and Qatar. The Saudi index, which climbed 3.8 percent last week, rose a further 0.7 percent. Miner Ma’aden jumped 5.3 percent after issuing a statement describing progress in expanding ...

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Wal-Mart to Wall Street dream dies as Citadel Securities CEO out

  Bloomberg Kevin Turner, who joined Citadel Securities as chief executive officer after a career that led from Wal-Mart cashier to the top-paying job at Microsoft Corp., is leaving the market-making firm just months after he was hired. Peng Zhao, previously global head of market making, replaced Turner as CEO, said company spokesman Zia Ahmed. When it was announced in ...

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