Barclays' shares fall on imminent fundraising deal

Barclays PLC's shares fell 7.5 percent on Wednesday on the growing likelihood that a 7 billion pound ($10.6 billion) fundraising deal, expected to erode shareholder value, will be approved.

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A federal appeals court sent precisely the wrong message when it prevented a class-action lawsuit against three of Enron's banks — Merrill Lynch, Credit Suisse and Barclays — from moving forward.

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