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Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

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CIT bonds gain as details of financing rescue awaited

NEW YORK
Mon Jul 20, 2009 3:22pm EDT

NEW YORK (Reuters) - The price of struggling U.S. lender CIT's debt surged higher on Monday after a person close to the matter said the company would receive $3 billion of emergency financing from bondholders that could keep it out of bankruptcy.

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CIT's floating rate notes due in August rose to 88 cents on the dollar on Monday afternoon, from 70.5 cents on the dollar late on Friday, according to MarketAxess.

Analysts said part of the rescue financing would be used to pay off short-term debt.

(Reporting by Dena Aubin and John Parry; Editing by Dan Grebler)
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No deaths in Jamaica American Airlines accident

MIAMI (Reuters) - An American Airlines Boeing 737 overshot the runway while landing in driving rain at the international airport in Kingston, Jamaica on Tuesday night, but the company said there were no fatalities or serious injuries.

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Year of the breach

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