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TWM Today: Wall Street

|Includes: BP p.l.c. (BP), DVN
TWM Today: Wall Street

BP on Their Way to Pass Exxon ~ BP Plc (NYSE:BP) is buying $7B of Devon Energy Corp (NYSE:DVN) assets in Brazil, the Gulf of Mexico and Azerbaijan.  Adding these fields may extend its production lead over Exxon Mobil Corp (NYSE:XOM). (Bloomberg)

HSBC Sorry for Data Theft ~ HSBC Holdings (HSBA) issued a public apology to its clients for the theft of 15,000 sets of client data, allegedly by a former employee. (WSJ)

Geithner Warns Europe ~ US Treasury Secretary Tim Geithner warned the European Commission that regulating hedge funds and private equity firms may be discriminating against US companies. (NASDAQ:CNBC)

Jobless Aid Passed ~ The Senate passed a $149B package of jobless aid and tax breaks by a vote 62 to 36.  The package now heads to the House of Representatives. (Briefing)

US Dollar Rules ~ The US dollar is still the most important world currency but the rising levels of US debt and dependence on foreign finance poses risk. (Briefing)

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