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UPDATE 1-Adobe profit beats as Creative Cloud subscriptions soar
Tue Jun 18, 2013 5:28pm EDT * Expects third-quarter revenue $975 mln-$1.03 bln vs est $1.01 bln * Forecasts adjusted earnings $0.29-0.35/share vs est $0.35 * Second-quarter adjusted earnings $0.36/share vs est $0.33 * Revenue of $1.01 bln in line with estimates * Shares rise 4.4 pct after market By Sruthi Ramakrishnan June 18 (Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat ...
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U.S. court finds Novo Nordisk Prandin diabetes drug patent invalid
(Reuters) - A U.S. appeals court found the patent on Novo Nordisk's Prandin diabetes drug in combination with metformin to be invalid, paving the way for introduction of a generic version of the medicine, the Danish drugmaker said on Tuesday. In a 2-1 ruling, the U.S. Court of Appeals affirmed a district court ruling handed down in 2011, the company said. Novo said it still believes the ...
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U.S. Senate immigration bill would boost economy CBO says
WASHINGTON, June 18 | Tue Jun 18, 2013 5:21pm EDT WASHINGTON, June 18 (Reuters) - A White House-backed immigration bill moving through the U.S. Senate would cut federal budget deficits over the long-term and provide an overall boost to the economy, the Congressional Budget Office said on Tuesday. CBO, the nonpartisan budget analyst for Congress, estimated that the legislation would ...
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Ex-fund managers can remain free during U.S. insider trading appeal
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
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NewsWatch How to trade the Federal Reserve decision
The main question hanging over financial markets right now is when and how the Federal Open Market Committee may change its monetary policy in coming months. That's why Wednesday is shaping up to be a big markets day and MarketWatch reporters analyzed how various asset classes may react depending on the message the Fed sends to the financial ...
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Illinois pension fix headed to legislative conference committee
CHICAGO (Reuters) - Seeking to break a weeks-long impasse in efforts to fix the state's woefully underfunded pension system, Illinois will turn to a rarely used legislative conference committee in hopes of reaching a compromise solution, Governor Pat Quinn's office said on ...
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Treasury secretarys loopy signature is now less loopy
signature as President Obama's chief of staff , Treasury Secretary Jack Lew's barely legible signature will appear on dollar bills this fall. The squiggly cursive representing his name while in the White House and Office of Management and Budget won't be on the United States paper currency. Rather, Lew used connected short lines to represent each letter, incorporating his middle ...
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$A opens weaker despite Wall St surge
The Australian dollar is weaker despite a firmer finish on Wall Street.At 0632 AEST on Wednesday, the local unit was trading at 94.81 US cents, down from 94.92 cents on Tuesday.US stocks closed firmer, as the US Federal Reserve kicked off its Federal Open Market Committee meeting that will decide whether to continue its stimulus measures.Investors in recent weeks have speculated the Fed will ...
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Russias Suhkoi jet delivers first Superjet to Mexicos Interjet
MEXICO CITY, June 18 | Tue Jun 18, 2013 5:13pm EDT MEXICO CITY, June 18 (Reuters) - Russian planemaker Sukhoi delivered its first Superjet 100 plane to Mexico's Interjet airline at the Paris Airshow, the Mexican company said on Tuesday. Another 19 aircraft from Russia's first post-Soviet civil plane project are due to be delivered in the coming months to Interjet, which is ...
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Brekkie Wrap Kim Jong-un hands out Mein Kampf NSA director says Wall St attack foiled
NORTH Korean leader Kim Jong-un is handing out copies of Adolf Hitler's Mein Kampf in an effort to sow fear among top officials. Kim reportedly handed out copies of Mein Kampf to mark his birthday, but North Korea-watchers believe the move is part of an effort to make him seem powerful, rather than drawing on Nazi beliefs."One source says there have been many overt attempts to imbue Kim ...
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UPDATE 1-Angelina Jolie stunt double sues News Corp over hacking
Tue Jun 18, 2013 4:58pm EDT By Jennifer Saba June 18 (Reuters) - A stunt double for Oscar-winning actress Angelina Jolie has sued News Corp over allegations its British newspapers hacked her phone, the first lawsuit in the United States against the company since the scandal broke two years ago. The lawsuit, filed on June 13 by professional stunt double Eunice Huthart, said reporters from News ...
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UPDATE 4-Duke Energy turns to insider to succeed CEO Rogers
Tue Jun 18, 2013 4:56pm EDT * Rogers steps down as chief executive July 1 * Good says will work to build on merger momentum * Duke shares edge up on NYSE By Eileen O'Grady and Anna Driver June 18 (Reuters) - Duke Energy Corp has turned to an insider, Chief Financial Officer Lynn Good, to take over as chief executive when Jim Rogers steps down as part of a regulatory settlement linked to its ...
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CANADA STOCKS-Fed optimism Tim Hortons lift TSX to 1-week high
* TSX rises 78.56 points, or 0.64 percent, at 12,367.46 * Nine of 10 main sectors advance * Tim Hortons up 4 percent after investor exerts pressure * Gold-mining shares slip with price of bullion By John Tilak TORONTO, June 18 (Reuters) - Canada's main stock index climbed to a one-week high on Tuesday as positive economic data and hopes that the U.S. Federal Reserve will stick to its ...
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UPDATE 2-U.S. court lets stand Ex-Im Bank loan for Air India
Tue Jun 18, 2013 4:54pm EDT WASHINGTON, June 18 (Reuters) - A U.S. appeals court on Tuesday let stand a 2011 decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Air India in a legal challenge brought by Delta Air Lines. However, the court directed the government-run bank to better explain its rationale for the loans. The ruling allowed both the bank and ...
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Iraqi Kurdistan gives Turkish company six oil exploration blocks
ISTANBUL, June 18 | Tue Jun 18, 2013 4:48pm EDT ISTANBUL, June 18 (Reuters) - Local authorities have given an unnamed Turkish company licenses to explore for oil in Iraqi Kurdistan, according to a report, a move that could anger the central government in Baghdad already worried about the region's growing independence. The report, co-published by The Oil & Gas Year and the autonomous ...
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CANADA FX DEBT-C$ softens as investors focus on the Fed
* C$ at C$1.0210 vs US$, or 97.94 U.S. cents * Markets hope for Fed monetary policy clarity * U.S. house starts up less than expected; U.S. CPI climbs * Bond prices mixed By Solarina Ho TORONTO, June 18 (Reuters) - The Canadian dollar retreated against a broadly stronger U.S. dollar on Tuesday as investors braced for news on where the U.S. Federal Reserve will take monetary policy. Markets have ...
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Moves to limit U.S. contractor access to secrets meets resistance
By Mark Hosenball and Andrea Shalal-Esa June 18 | Tue Jun 18, 2013 4:44pm EDT June 18 (Reuters) - Industry executives and some corners of the U.S. intelligence community are pushing back against possible legislative moves to curb contractors' access to classified information. Following leaks by former National Security Agency contractor Edward Snowden, Senate Intelligence Chairman ...
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Chile brewer CCU says to invest about $2.7 bln through 2020
SANTIAGO, June 18 | Tue Jun 18, 2013 4:43pm EDT SANTIAGO, June 18 (Reuters) - Chilean brewer and bottler CCU said on Tuesday it plans to invest about $2.7 billion through 2020 to increase its productive capacity. CCU, which has operations in Argentina, Chile and Uruguay, is controlled by the local Luksic family's Quinenco holding company and ...
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UPDATE 3-FBI digs for Jimmy Hoffas body in Michigan field
Tue Jun 18, 2013 4:42pm EDT By Joseph Lichterman OAKLAND TOWNSHIP, Mich., June 18 (Reuters) - FBI agents in suburban Detroit widened their search of an overgrown field Tuesday for the remains of former Teamsters union boss Jimmy Hoffa, who disappeared nearly 38 years ago and is thought to have been murdered by mobsters. The search for Hoffa along with a dig at the former home of late New York ...
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Google asks U.S. surveillance court permission to publish request data
Reuters © The Google logo is seen on the top of its China headquarters building behind a road surveillance camera in Beijing January 26, 2010. REUTERS/Jason ...
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UPDATE 1-New ZealandAustralia Morning Call-Global markets
-----------------------(06:33 / 2033 GMT)----------------------- Stock Markets S&P/ASX 200 4,814.35 -11.53 NZSX 50 4,462.10 ...
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Stocks Could See Modest Strength In Early Trading - U.S. Commentary
After ending the previous session mostly higher, stocks could see some further upside in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for ...
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Metals decline as traders wait for Federal Reserve
Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy.The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only platinum bucked the trend and edged higher.The central bank will end its two-day policy meeting Wednesday. Until this year, the Fed's bond-buying ...
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US STOCKS-Wall St extends rise investors see no change in Fed policy
Tue Jun 18, 2013 4:33pm EDT * Fed expected to try to soothe markets over stimulus * Industrial and tech shares rally, 3M at 52-week high * Boeing shares hit 5 1/2-year high * Indexes up: Dow 0.9 pct, S&P 0.8 pct, Nasdaq 0.9 pct By Ryan Vlastelica NEW YORK, June 18 (Reuters) - U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements ...
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UPDATE 1-Brazils Votorantim Cimentos scraps IPO as market conditions sour
Tue Jun 18, 2013 4:31pm EDT * Brazilian cement maker's offer was expected to raise $4.8 bln * Shareholders were unwilling to sell stock at discount By Guillermo Parra-Bernal SAO PAULO, June 18 (Reuters) - Votorantim Cimentos SA, Brazil's largest cement producer, and shareholders canceled a $4.8 billion initial public offering, a source with direct knowledge of the situation said on ...
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