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What's In The News: August 22, 2012

By DMO Affiliate
From, This is the financial news network. Here's what's in the news for Wednesday August 22, 2012. The Wall Street Journal reports the Obama White House played a central role in encouraging the Carlyle Group (NASDAQ:CG) to rescue a Philadelphia oil refinery, whose imminent closure by Sunoco (NYSE:SUN) threatened to send gasoline prices higher before the election, and in a likely battleground state. The Wall Street Journal also reports a federal grand jury is examining ties between Regions Financial (NYSE:RF) and an executive-recruiting firm that entertained bank executives on golf trips and borrowed from the Alabama lender. Reuters reports Japan's exports slumped 8.1% in July, the most in six months, as shipments to Europe and China fell, adding to concerns over global demand after a number of poor trade figures from Asia's export engines. Reuters also reports KKR (NYSE:KKR) is in early stage discussions to launch a debt fund to invest in India that could raise $750M to $1B, sources say. Finally, Bloomberg reports Verizon Wireless (NYSE:VZ) plans to sell a new Nokia (NYSE:NOK) phone with Microsoft's (NYSE:MSFT) Windows 8 software this year, the first time it has released a Windows device since May 2011. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at
What's In The News: August 22, 2012

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