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Market Report: Resolution rises on talk of bid from US giant 



Rumours that AIG, the American insurance giant, is mulling a move into the UK insurance market gained momentum with traders betting that Resolution Group, the insurance fund manager, is in the firing line.

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West Indian Carnival founderCarlos Lezama dies at 83 
Carlos Lezama, who transformed the West Indian American Day Carnival from a five-block affair into one of the city's biggest events, died yesterday. He was 83.


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