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European stocks sink on tech, banking fears

Europe's stock markets ended the week with sharp declines Friday, part of a global equities sell-off sparked by poor results from the banking sector and fears of over-valuation in tech. London's FTSE 100 was down 1.21 percent compared to Thursday's closing level, at 6,561.70 points. Germany's DAX 30 shed 1.47 percent to stand at 9,315.29 points and the CAC-40 in Paris lost 1.08 percent to finish the week on 4,365.86 points.

Greek bond yields rise as market comeback euphoria fades

By John Geddie and Marius Zaharia LONDON (Reuters) - Greek bond yields rose on Friday as investors booked profits on the rally that preceded Greece's return to debt markets, with even its sought-after new five-year bond succumbing to selling pressure. Athens, which had been locked out of capital markets for four years and was bailed out to the tune of 240 billion euros ($333 billion) as its economy faltered, received bids seven times the amount in its first sale of a new bond since before its bailout in 2010.

AutoNavi agrees to be acquired by Alibaba in deal valued at $1.5B

Chinese digital mapping and navigation company AutoNavi Holdings Ltd. has agreed to be acquired by e-commerce company Alibaba Group Holding Ltd. in a deal valued at $1.5 billion. Alibaba will pay $5.25 per share to AutoNavi stockholders, or $21 per American depositary share. That is a 27 per cent premium over the company's closing price on Feb. 7, the last day of trading before its talks with Alibaba became public. Alibaba already owns approximately 28 per cent of AutoNavi's outstanding stock.

European stocks sink on 'overvalued' tech sector

European stock markets slid on Friday, joining a fierce global sell-off as investors took flight on resurgent fears about the 'overvalued' technology sector, dealers said. In late morning deals, London's benchmark FTSE 100 index fell 1.53 percent to 6,540.57 points, Frankfurt's DAX 30 retreated 1.92 percent to 9,273.06 points and in Paris the CAC 40 index lost 1.64 percent to 4,341.07. European tech stocks were especially badly hit, with shares in German semiconductor giant Infineon diving 2.14 percent to 8.09 euros in Frankfurt.

US stocks tumble again after weak JPMorgan earnings

US stocks opened sharply lower Friday, following European markets downward and retreating on a disappointing earnings report from Wall Street banking giant JPMorgan Chase. Five minutes into trade, the Dow Jones Industrial Average fell 112.39 points (0.70 percent) to 16,057.83. The broad-based S&P 500 tumbled 12.88 (0.70 percent) to 1,820.20, while the tech-rich Nasdaq Composite Index sank 43.71 (1.08 percent) to 4,010.39.

US stocks tumble again after weak JPMorgan earnings

US stocks opened sharply lower Friday, following European markets downward and retreating on a disappointing earnings report from Wall Street banking giant JPMorgan Chase. Five minutes into trade, the Dow Jones Industrial Average fell 112.39 points (0.70 percent) to 16,057.83. The broad-based S&P 500 tumbled 12.88 (0.70 percent) to 1,820.20, while the tech-rich Nasdaq Composite Index sank 43.71 (1.08 percent) to 4,010.39.

US stocks decline after weak JPMorgan earnings

US stocks fell in early trade Friday, following European markets downward after a disappointing earnings report from Wall Street banking giant JPMorgan Chase. About 35 minutes into trade, the Dow Jones Industrial Average slumped 90.23 points (0.56 percent) to 16,079.99. The broad-based S&P 500 lost 8.02 (0.44 percent) at 1,825.06, while the tech-rich Nasdaq Composite Index declined 18.70 (0.46 percent) to 4,044.78. Though down, stocks rallied somewhat from session lows. The S&P 500 fell as low as 1,819.67 soon after the market opened.

Ex-JP Morgan executive wins right to challenge UK financial watchdog

By Clare Hutchison LONDON (Reuters) - A former JPMorgan Chase & Co <JPM.N> executive has won the right to challenge criticisms by Britain's financial watchdog of his actions in connection with the "London Whale" derivatives trading scandal. The Financial Conduct Authority (FCA) infringed the rights of Achilles Macris by failing to give him the right of reply to its report into the affair, a London tribunal ruled on Thursday.

London art exchange lets collectors buy shares of a Banksy

By Martinne Geller LONDON (Reuters) - It may look more like a trading floor than an art show. Hundreds of well-heeled Londoners mill about, checking screens to see the latest trades and buy shares in initial public offerings. But the Banksy paintings and Shepard Fairey print point to a serious art gallery. My Art Invest opened its doors in East London on Thursday, providing art collectors with a front for an online trading platform where they can buy shares in works by important street artists for as little as 5 pounds ($8).

Exclusive: SEC eyes test that may lead to shift away from 'dark pools'

By Sarah N. Lynch and John McCrank WASHINGTON/NEW YORK (Reuters) - U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools" that critics say may be hurting investors by reducing the quality of pricing.
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