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Today's Best Market Rumors (8/29/2011) AT&T Mobile Payment Systems

Updated throughout the day.

Tumblr will raise money at a $800 million valuation (WSJ)

China will curtail off balance sheet lending by its banks (FT)

AT&T (NYSE: T) and T-Mobile have set $100 million to invest in smartphone payments systems in a bid to battle Google (NASDAQ: GOOG)

Douglas A. McIntyre

 

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