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Turkish daily news (Free subscription) | 08/18/2008
... are ferocious moves,'' said Simon Derrick, chief currency strategist in London at Bank of New York Mellon Corp. ``There has been a fundamental shift in thinking.'' The pound dropped 0.8 percent to $1.8554 as of 9:14 a.m. in London, from $1.8698 Thursday. The 11-day run was the longest since at least January 1971. The currency, poised for a 3.4 percent decline in the week, tumbled...
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Salt Lake Tribune (Free subscription) | 08/16/2008
... said job jitters prompted him to swap investing in asset-backed securities at Bank of New York Mellon Corp. for keeping the books at a hair salon. He and his wife, Olga, opened a Great Clips franchise in Mercerville, N.J., that offers $12 haircuts for men and women, and they plan to open another. ''The structured finance market is so bleak right now, it makes sense for us to focus...