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Obama seeks to cut Afghan war spending by 10 percent
WASHINGTON (Reuters) - President Barack Obama on Friday trimmed his funding request for the war in Afghanistan and other overseas operations by 10 percent, reflecting his plans to wind down the U.S. presence in that ...
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NYSE cancels irregular trades in Anadarko stock Bloomberg
Trading in the shares of the $45.15 billion company plunged to trade at 1 cent per share shortly before markets closed on Friday. The stock gained back its losses and closed up 2.5 pct $90.03 on the New York Stock ...
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UPDATE 1-Americas Cup team calls for changes to make regatta safer
Fri May 17, 2013 9:32pm EDT By Noel Randewich and Ronnie Cohen ALAMEDA, California May 17 (Reuters) - The head of the Italian sailing team in the America's Cup called on Friday for lowering limits on wind speeds and other safety measures to make the regatta less dangerous following a deadly accident last week. Prada fashion house co-founder Patrizio Bertelli said if the other three ...
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CORRECTED-UPDATE 2-Investor group calls on SEC to review change in JPMorgan voting
Fri May 17, 2013 9:08pm EDT (Changes "letter" to "call" in eighth paragraph) By David Henry NEW YORK May 17 (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off the bank's opponents from polling information. The Council of Institutional ...
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Yahoo to vote on $1.1 bln Tumblr buy -AllThingsD
SAN FRANCISCO | Fri May 17, 2013 9:06pm EDT SAN FRANCISCO May 17 (Reuters) - Yahoo Inc's board will meet on Sunday to vote on whether to offer $1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be CEO Marissa Mayer's largest deal since taking the helm of the ...
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STXNEWS LATAM-CSN still considering purchase of Thyssens Steel America unit
RIO DE JANEIRO | Fri May 17, 2013 9:04pm EDT RIO DE JANEIRO May 17 (Reuters) - Brazilian steelmaker CSN, or Cia Siderrgica Nacional SA, is still evaluating the possible purchase of the Steel Americas unit of ThyssenKrupp AG, the company said in a regulatory filing late Friday. CSN has made no binding bids or agreements regarding the possible purchase, the company added. Earlier this ...
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Tech labor brandish dueling studies in U.S. immigration fight
WASHINGTON (Reuters) - The technology industry and organized labor are locked in a fight that threatens to complicate the U.S. Senate's immigration ...
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UPDATE 1-LATAM Airlines Argentina unit halts ops until Saturday on provider woes
Fri May 17, 2013 7:36pm EDT SANTIAGO May 17 (Reuters) - LATAM Airlines Group SA said its Argentina unit was halting all of its flights in the country until 1330 GMT on Saturday after a state company unilaterally decided to stop providing services to the airline. Intercargo provides Latin America's biggest carrier with ramps at Argentine airports, loads suitcases and manages passenger buses ...
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Seattles Tableau goes from bedroom startup to Wall Street darling
The data-visualization company burst onto the public markets Friday with a steller public offering, jumping 64 percent to close at $50.75, up from its initial $31 price. Nearly 100 employees were in New York to celebrate while parties were held at its offices, including its headquarters in Fremont. Ten years earlier the future wasn't so clear, though Chief Executive Christian Chabot ...
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This Week on Wall Street 517
BOSTON (CBS) – How high can the markets go? Dave Caruso from Coastal Capital in Danvers looks into that question as he reviews the Week on Wall Street, with WBZ's Anthony ...
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The scandal beneath the fold the need for reform on Wall Street
Sen. Sherrod Brown, D-Ohio, joins The Cycle to talk about one of the issues that's been held in captivity in D.C. for much longer than other scandals: Wall Street ...
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Target goes hunting in Silicon Valley following Wal-Mart
By Alistair Barr SAN FRANCISCO | Fri May 17, 2013 7:13pm EDT SAN FRANCISCO May 17 (Reuters) - Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business. Target's Technology Innovation Center is run by David Newman, an executive who spent six years at the online ...
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Wall Streets Record-Breaking Week
The S&P 500 also closed the week at an all-time high. Like the Dow, the S&P is up just about 17 percent this year. The S&P has also been up 17 of the last 21 ...
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Former Hialeah Mayor Julio Robaina Bonds Out Of Jail
MIAMI (CBSMiami) –Former Hialeah Mayor Julio Robaina and his wife Raiza have bonded out of jail after they surrendered to federal authorities Friday and made their first court appearance. The Robainas are charged with fraud, conspiracy and falsifying documents and made their first court appearance shackled at the hands and feet. Julio, 48, received a $250,000 surety bond and Raiza, 39, ...
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US STOCKS-Dow SP end at records stocks mark 4th week of gains
* JPMorgan lifts S&P 500 year-end target to 1,715 * Nasdaq closes at highest since October 2000 * JCPenney shares drop after earnings * Tableau Software surges in first day of trade * Dow up 0.8 percent, S&P 500 up 1 percent, Nasdaq up 1 percent ...
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US stocks blaze to new record highs
US stocks closed out another week of new record highs on Friday as investors focused on the positive side of mixed economic news and corporate earnings. Retail sales barely budged higher in April and jobless claims rose, but permits to build housing soared and consumer inflation remained tame, data showed. A pair of better-than-expected reports on Friday - on consumer confidence and the economic ...
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China deal ends distraction but not questions for Caterpillar
Reuters © The company logo is seen on top of a building, where Caterpillar (China) Investment Co., Ltd. is located, in Beijing, January 22, 2013. REUTERS/Jason ...
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Amazon kills Zombieland TV project backs Alpha House
By Alistair Barr SAN FRANCISCO | Fri May 17, 2013 6:22pm EDT SAN FRANCISCO May 17 (Reuters) - Amazon.com Inc decided not to turn pilot project "Zombieland" into a full TV series, but is going ahead with "Alpha House," as the world's largest online retailer enters the next stage of its foray into original video creation. "Zombieland" writer and producer ...
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Wall Street Beat Market stokes tech IPOs as Tableau and Marketo debut
IDG News Service - A strong stock market could open the floodgates for more tech IPOs in the wake of Friday's solid debut of Marketo and Tableau, but not all segments of IT may be able to ride the wave. Marketo, which sells cloud-based marketing software, jumped 78 percent to close at US$23.10, up $10.10 from its opening on the Nasdaq. Tableau, a business intelligence and data ...
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Strong economic data pushes US stocks to new records
Stocks closed higher for a fourth straight week. Indexes are at record levels after surging this year on optimism about the economy and record corporate ...
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Passengers in Wall Street ferry crash file 37 lawsuits
1 of 2. New York City emergency responders investigate a commuter ferry crash that occurred during the morning rush in New York, in this January 9, 2013 file photo.Passengers aboard the high-speed commuter ferry, which crashed while docking near Wall Street have filed 37 lawsuits against boat owner Seastreak LLC, seeking as much as $45 million ...
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UPDATE 3-Obama budget cuts deficit $1.1 trillion over decade -CBO
Fri May 17, 2013 6:07pm EDT * Deficits rise slightly through 2015 under Obama's plan * White House budget savings claims reduced in CBO estimate By David Lawder WASHINGTON, May 17 (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it ...
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US stocks rise on hopeful signs for the US economy market rises for a fourth week straight
NEW YORK, N.Y. - Encouraging news about the U.S. economy is extending the stock market's rally. U.S. stock indexes rose for the fourth week in a row and are at record levels. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence. The Dow Jones industrial average rose 121 points to close at 15,354 Friday, an increase of 0.8 per ...
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UPDATE 3-SAC Capital wont fully cooperate with govt -letter
Fri May 17, 2013 6:02pm EDT By Emily Flitter and Katya Wachtel NEW YORK May 17 (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion hedge fund did not elaborate but said it believes the next few ...
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Treasury Secretary Told of IRS Probe in March Learned Details Last Week
May 17, 2013 5:52pm Treasury Secretary Jack Lew was first informed in March that there was an investigation into the IRS’ screening of nonprofit groups, but did not learn the details of that probe until last week, he said today. ';In mid March, I had had a conversation, just a getting-to-know-you conversation, with the inspector general right after I started, and he went through a ...
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