Latest Breaking Business News
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Plot Thickens Hedge Fund Owner Gets Subpoenaed
The legal battle surrounding SAC Capital Advisors appears to be ramping up as the U.S. is now considering criminal charges against the embattled hedge fund and has slapped the firm's founder, Steve Cohen, with a subpoena. The developments in the long-running insider-trading probe come after SAC warned investors in a Friday letter that ...
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U.S. stocks little changed after four-week rally
U.S. stocks were little changed, after the Standard & Poor's 500 Index climbed for four straight weeks to an all-time high, as investors weighed corporate acquisitions. Yahoo! Inc. rose 0.5% after agreeing to buy blogging network Tumblr Inc. for about US$1.1-billion. Actavis Inc. rallied 3.1% as it reached a deal to acquire Warner Chilcott Plc. Websense Inc. jumped 29 after agreeing to ...
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Microsofts new Xbox to challenge Apple to Facebook in games
Amazon.com Inc. , which are introducing new software and devices for gaming. Microsoft's updated Xbox will use its Kinect sensor that can recognize faces and movements. The deice will also recommend content based on users' interests. The new Xbox will be in stores by the year's ...
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At the open Wall St starts lower after record highs
U.S. stocks dipped in early trading on Monday, with investors scrambling for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday.Deals including Yahoo Inc.'s $1.1-billion (U.S.) bid for Tumblr indicate that companies continue to search for growth through acquisitions despite record highs, a bullish sign for ...
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Minnesota drivers paying highest average gas prices in Lower 48
Minnesota drivers are paying the highest gas prices in the 48 contiguous states, with the average price statewide running at $4.27 per ...
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Stock prices are mixed investors wait on the Fed as indexes hold close to record levels
NEW YORK - Stocks were mixed in early trading on Wall Street after investors pushed indexes to record levels Friday. Investors will be watching the Federal Reserve this week for clues about what its plans to do next with its economic stimulus program. On Wednesday Federal Reserve Chairman Ben Bernanke will appear before Congress and the central bank will release minutes of its most recent ...
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EMERGING MARKETS-Brazil stocks sink following weak earnings
* Brazilian companies posted avg 12.3 pct drop in Q1 income * Expiration of share options leaves Bovespa volatile * Brazil Bovespa falls 0.76 pct, Mexico IPC down 0.38 pct By Danielle Assalve SAO PAULO, May 20 (Reuters) - Brazilian stocks dropped on Monday as investors reevaluated their positions in local shares following a disappointing first-quarter earnings season. Mexico's IPC index ...
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Seamless and Grubhub set to combine forces
CHICAGO - Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.Financial terms were not disclosed. Matt Maloney, GrubHub's co-founder and CEO, will become CEO of the combined company. Seamless CEO Jonathan Zabusky will serve as president.Brian McAndrews, an independent ...
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Stocks open slightly lower on Wall Street
NEW YORK -- Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.The Dow Jones industrial average fell 21 points to 15,332 shortly after the opening bell Monday, a loss of 0.1 percent.The Standard & Poor's 500 index was off a point at 1,665, or 0.1 percent. The Nasdaq composite fell less than a point to 3,498, or less than ...
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Bond Report Treasurys rise as investors jump into fray
NEW YORK (MarketWatch) -- Treasury prices moved higher Monday, as investors used a familiar yield threshold to jump into the market after three weeks of ...
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Market Snapshot U.S. stocks waver deal news Fed in focus
NEW YORK (MarketWatch) -- U.S. stocks wavered on Monday after surging to record highs last week, with Yahoo Inc.'s acquisition of Tumblr and other deal news dominating investor ...
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Wall St set to dip after records
New York - U.S. stocks were set to dip at the open on Monday as investors search for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains ...
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All rosy in the garden for Eden Research as EU approves key product
about EU approval for its key product.And it has duly arrived. The Aim-listed agrochemical company said that the three active substances in its lead product 3AEY had been approved by the European Commission for use in plant protection. Eden's products use environmentally friendly agrochemicals to kill bugs. In particular 3AEY treats botytis which is a fungal disease causing mould on fruit ...
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Five Things To Watch For During Microsofts Xbox Announcement Tomorrow
At 10 AM PDT tomorrow, Microsoft will announce its next generation Xbox mere weeks ahead of E3, where such a reveal would normally take place. It's an effort to get on equal footing with Sony, who premiered the PS4 months ago, and presumably there's so much to talk about with each system, that two full-length presentations still probably won't be enough. Look for plenty of ...
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Markets Elan tries to assure market that its more than shell operation
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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Farm Troubles We Face a Grim Future
Jim Schriver has been farming since he graduated from Ohio State University in 1963. The 72-year-old grandfather of two grows corn, soybeans and livestock on his 1,600-acre farm in north central Indiana. Like most farmers, Schriver has dealt with drought, freezing temperatures and the uncertainty that comes with toiling in the fields.But Schriver says he's worried about a new threat to his ...
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Top Court to Hear Whistleblower Case
In a case involving whistleblowers at Fidelity Investments, the Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as those who work for publicly traded companies.Two Fidelity whistleblowers asked the court to decide whether the Sarbanes-Oxley Act provision that prevents employers from retaliating against whistleblowers ...
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Tech stocks Yahoo Microsoft on front burner
Technology companies, many of which are in the Nasdaq 100, will be the focus of a lot of investor attention today and throughout the week. The biggest news this week in tech stock is Yahoo's $1.1 ...
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Whats Leading Markets to New Heights
Thomas Lee, Chief U.S. Equity Strategist at JPMorgan, discusses whether the markets have room to run, and explains why he believes the tech, health care and financials sectors are cheap ...
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Sen. Gregg Gets New Gig
Former Sen. Judd Gregg, (R-NH), discusses his new job as president & CEO at the Securities Industry and Financial Markets Association, better known as ...
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Detroit roars back after years of quality issues
Detroit automakers such as Chrysler are enjoying improved reviews and ratings -- a sign that Motor City may be catching up with imports. Isaac Davis, a salesman from the Detroit suburb of Southfield says he would love to buy a car from his home state. "But," he lamented, "I just don't think the quality is there."Davis isn't alone. In recent decades, millions of ...
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Lebenthal With QE3 Investor Exit Strategy
Alexandra Lebenthal, President and CEO of Lebenthal & Co, provides a strategy for investors to bank profits when the Fed begins winding down its bond-buying ...
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IRS Scandal Continues to Pressure White House
U.S. lawmakers are getting ready for a second week of scrutinizing the circumstances surrounding the IRS targeting of conservative groups, reports CNBC's John ...
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Merger Monday on Wall Street
Bernanke's testimony on economic outlook "will be the highlight in a week where we may learn more about the Fed's intentions with regards to potential [quantitative easing] tapering," said Deutsche Bank analyst Jim Reid. Also on merger ...
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Regional Newspaper Boss Prepares To Step Down
One of the British newspaper industry's top bosses is poised to step down as the sector contends with an accelerating consumption shift away from printed titles towards digital media. I understand that Newsquest, which is owned by the American media giant Gannett and publishes titles such as the Oxford Mail and the Northern Echo, is hunting a successor to Paul Davidson, its veteran ...
Brazil Focus
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Brazil fighting the good fight?
Brazil’s recent victory in a trade dispute with the US, which was resolved through the WTO is a victory, not just for the biggest economy in South America, but also for developing nations around the world, showing that the mechanisms of the WTO can be used to further their interests – although it will take years of fighting and unrelenting effort…
Brazil’s ongoing dispute with the United States over the subsidizing of cotton for producers in the US, looks like it may soon be resolved, as Brazil recently indicated it would hold off on slapping a range of 102 US goods with sanctions, if the US agreed to certain measures put forth by the South American country. Read more
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