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Blackstone notifies Cohen's SAC it intends to pull money: pension consultant

- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.

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Families edging out private equity in consumer deals

LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Greece's National Bank to bid for Emporiki: sources

ATHENS | Mon Aug 6, 2012 6:07am EDT

ATHENS (Reuters) - Greece's National Bank (NBGr.AT) will submit a bid for Credit Agricole's (CAGR.PA) struggling Greek unit Emporiki, banking sources told Reuters on Monday.

"National Bank will make an offer for Emporiki," one banking executive close to the talks said on condition of anonymity.

The deadline for submitting offers is August 8, banking sources have told Reuters.

National's Greek rival Eurobank (EFGr.AT) is also expected to make a bid, while Alpha Bank (ACBr.AT) has already offered to buy the unit.

(Reporting by George Georgiopoulos)
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