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Sentinel Management Group Inc

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August 15, 2007 | From Times Wire Services
There was no break in the bad news for battered credit markets Tuesday as jitters rose over problems with short-term debt: Sentinel Management Group Inc., an Illinois-based cash management firm for commodity trading companies, froze client withdrawals from its $1.5-billion fund after saying that credit market turmoil made it impossible to trade certain securities without incurring losses.
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BUSINESS
August 15, 2007 | From Times Wire Services
There was no break in the bad news for battered credit markets Tuesday as jitters rose over problems with short-term debt: Sentinel Management Group Inc., an Illinois-based cash management firm for commodity trading companies, froze client withdrawals from its $1.5-billion fund after saying that credit market turmoil made it impossible to trade certain securities without incurring losses.
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BUSINESS
August 15, 2007 | From Times Wire Services
Stocks pulled back sharply Tuesday as investors worried about fundamental economic problems as well as ongoing credit market woes. The Dow Jones industrial average skidded more than 200 points. The stock slide began when Wal-Mart Stores said its earnings wouldn't meet expectations this year as consumers reined in spending. Home Depot added to the slide when it said weakness in the housing market caused its quarterly profit to drop. Confirmation that Sentinel Management Group Inc.
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