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    Friday, November 13, 2009

    KKR-held First Data Reports Widening Loss

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    By Steve Goldstein
    MarketWatch Pulse
       

      LONDON -- Payment processing firm First Data said its third-quarter loss widened to $289 million from $164 million, while revenue rose 13% to $2.44 billion. The group noted a stronger U.S. dollar, lower royalty revenue and higher merchant credit losses. First Data is owned by private-equity firm Kohlberg Kravis & Roberts .

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