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WCI Communities files for IPO of up to $150 mln
Fri May 24, 2013 5:49pm EDT May 24 (Reuters) - Luxury home builder WCI Communities Inc filed with U.S. regulators on Friday to raise up to $150 million in an initial public offer of its common stock. The Florida-based company, which designs, sells and builds homes in coastal Florida, said it expects to benefit from low interest rates and rising rents that have encouraged more Americans to buy ...
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UPDATE 2-U.S. senator urges extreme caution on SoftBank -Sprint deal
Fri May 24, 2013 5:48pm EDT By Doug Palmer and Liana B. Baker WASHINGTON May 24 (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. "I have real concerns that this deal, if approved, could make American industry and ...
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UPDATE 1-PJM capacity auction prices tumble for 20162017
Fri May 24, 2013 5:47pm EDT May 24 (Reuters) - U.S. power grid operator PJM said on Friday its capacity auction secured a record amount of new generation and record imports for the 2016/2017 delivery year at much lower prices. PJM said it procured 169,160 megawatts of capacity resources at a base price of $59.37, down 56 percent from last year's base auction price. Capacity markets provide ...
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Oklahoma singer Shelton to headline May 29 tornado relief benefit
LOS ANGELES | Fri May 24, 2013 5:43pm EDT LOS ANGELES May 24 (Reuters) - Oklahoma country singer Blake Shelton said on Friday that he will headline a concert to benefit the victims of the Oklahoma tornado that swept through the city of Moore earlier this week, leaving 24 dead and thousands homeless. Shelton, a native of Ada, Oklahoma, which is 75 miles (120 km) northwest of Moore, said ...
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Google to bankroll build wireless networks across Africa -WSJ
Fri May 24, 2013 5:41pm EDT May 24 (Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday. The Internet search giant - which has for years espoused universal Web access - is employing a patchwork quilt ...
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UPDATE 3-Chile fines Barricks Pascua Lama halts gold project
Fri May 24, 2013 5:40pm EDT * Chilean regulator fines Barrick $16 million * Company says in process of reviewing regulator's demands * Barrick, Silver Wheaton shares fall, after being halted May 24 (Reuters) - Chilean environmental authorities on Friday ordered Barrick Gold Corp to halt work at its massive Pascua-Lama project and fined the company $16 million, citing serious environmental ...
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Fox executive Darnell to leave TV network after ratings slump
LOS ANGELES | Fri May 24, 2013 5:34pm EDT LOS ANGELES May 24 (Reuters) - Longtime Fox television executive Mike Darnell, who helped shepherd "American Idol" to the top of U.S. TV ratings, will leave the network, Fox said on Friday, after the network lost its lead among the younger audience most appealing to advertisers. Darnell, 51, the network's president of alternative ...
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UPDATE 1-Mall owner General Growth eyes NYs Madison Ave -sources
Fri May 24, 2013 5:18pm EDT By Ilaina Jonas NEW YORK May 24 (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources familiar with the deal. Bids for 650 Madison ...
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UPDATE 1-Schlumberger extends Venezuelas PDVSA $1 bln credit line
Fri May 24, 2013 5:16pm EDT By Deisy Buitrago MORICHAL, Venezuela May 24 (Reuters) - Venezuela's state oil company PDVSA will receive a revolving credit line of at least $1 billion from oil services giant Schlumberger, the OPEC nation's oil minister said on Friday. The deal will provide some financial breathing room for PDVSA, which as of last year had built up $16.5 billion in debts to ...
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UPDATE 2-Egyptian tycoon to buy MTS fiber network in new Canada push
Fri May 24, 2013 5:08pm EDT * MTS to sell Allstream business for C$520 mln * MTS shares jump more than 5 percent in Toronto * Deal could result in MTS becoming takeover target By Alastair Sharp and Euan Rocha TORONTO, May 24 (Reuters) - Manitoba Telecom Services Inc will sell its Allstream fiber optic network to a company controlled by telecom tycoon Naguib Sawiris for C$520 million (US$503 ...
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Mexico oil output holds steady in April at 2.518 mln bpd
MEXICO CITY | Fri May 24, 2013 5:07pm EDT MEXICO CITY May 24 (Reuters) - Mexico's state oil monopoly Pemex said on Friday it produced an average 2.518 million barrels of crude oil per day in April, just up over March's daily average of 2.516 million ...
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CANADA STOCKS-Valeant deal sparks share jump helps TSX ends week higher
* TSX ends up 9.13 points, or 0.07 percent, to 12,667.22 * Index gains 0.4 percent in shortened week * Valeant shares surge after reports of $9 billion Bausch & Lomb bid * Manitoba Telecom climbs after deal to sell Allstream * National Bank up 1.4 percent after results By Alastair Sharp TORONTO, May 24 (Reuters) - Canada's main stock index reversed earlier losses on Friday after several ...
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Exxon still waiting for ruptured Pegasus pipeline test results
Fri May 24, 2013 4:54pm EDT * Almost two months since Mayflower, Arkansas, spill * Arkansas politicians demand part of line rerouted By David Sheppard NEW YORK May 24 (Reuters) - Exxon Mobil Corp is still waiting for test results from the ruptured section of its 95,000 barrel-per-day (bpd) Pegasus pipeline, almost two months after it spewed 5,000 barrels of oil into an Arkansas suburb, the ...
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CANADA FX DEBT-C$ in retreat as Fed stimulus concerns drag
* C$ at C$1.0321 vs US$, or 96.89 U.S. cents * Equity, currency markets volatile on Fed stimulus concerns * Oil prices end week 2 percent lower * Bank of Canada and GDP in focus next week By Solarina Ho TORONTO, May 24 (Reuters) - The Canadian dollar pulled back against the U.S. dollar on Friday, in sync with weaker global equity markets and other commodity currencies, as investors worried that ...
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FOREX-U.S. dollar marks worst week vs yen in a year
Fri May 24, 2013 4:51pm EDT * Yen's rebound can extend further, but weaker trend intact * Dollar drops 2 percent this week vs yen * Euro posts 1st weekly gain in three vs dollar after German Ifo By Wanfeng Zhou NEW YORK, May 24 (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy ...
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US stocks flat as bulls get cautious
NEW YORK (AFP) - US stocks closed flat Friday, reeling in early losses but showing caution following Japan's Thursday plunge and ahead of the three-day US Memorial Day holiday weekend.At the closing bell, the Dow Jones Industrial Average added 9.06 points (0.06 percent) at 15,303.56.The broad-based S&P 500 was down 0.88 (0.05 percent) at 1,649.63, while the tech-rich Nasdaq Composite ...
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The close TSX slightly higher Wall Street mixed
The Toronto Stock Exchange closed slightly higher, pulled down by declines in most sectors, particularly gold, but boosted by a 13 per cent spike in shares of Valeant Pharmaceuticals International.The S&P/TSX composite index finished up 9.13 points at 12,667.22. The Canadian dollar was down 0.25 of a cent to 96.89 cents ...
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Stocks fade on Wall Street post their first weekly loss in a month
NEW YORK - Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a big gain in Procter & Gamble. The Standard & Poor's 500 fell a point to 1,649, or 0.1 percent. The market had its first weekly loss in five ...
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Stocks May Move Lower As Upbeat Data Raises Fed Concerns - U.S. Commentary
After showing a substantial recovery over the course of the previous session, stocks are likely to come under pressure in early trading on Friday. The major index futures are currently pointing to a lower open for ...
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US STOCKS-Wall St posts 1st weekly loss since mid-April on Fed angst
Fri May 24, 2013 4:35pm EDT * S&P 500 slips but well off lows as investors buy on the dip * P&G shares jump after CEO replacement * Investors anxious about Fed's possible stimulus exit * Dow up 0.1 pct; S&P 500 down 0.1 pct; Nasdaq flat By Angela Moon NEW YORK, May 24 (Reuters) - The S&P 500 declined for a third day on Friday, with the three major U.S. stock indexes posting their first ...
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CORRECTED-Tiger Global invests $50 million in Automattics WordPress.com
Fri May 24, 2013 4:31pm EDT (Corrects to "automattic" from "wordpress" in second paragraph. Corrects spelling of name to Mullenweg from Mullen in seventh paragraph) By Sarah McBride SAN FRANCISCO May 24 (Reuters) - Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund Tiger Global on Friday. The investment comes ...
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Wall Street is writing its own regulation bill
USA Bank lobbyists have a direct influence on financial legislation drafted in Congress, and are in some cases even writing the measures themselves. Citigroup this month drafted a regulation bill that has already passed through a House committee. To soften financial regulations, bank lobbyists frequently 'assist' lawmakers in writingdraft legislation that serves to benefit them at ...
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UPDATE 1-Bausch Lombs Ista pleads guilty over kickbacks
Fri May 24, 2013 4:19pm EDT * Ista said to offer kickbacks to doctors over cataract drug * Xibrom drug said to be marketed for unapproved uses * Settlement announced amid Bausch & Lomb merger talks By Jonathan Stempel May 24 (Reuters) - Ista Pharmaceuticals Inc pleaded guilty on Friday to charges it used kickbacks and improper marketing to boost sales of a drug meant to treat eye pain and ...
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Wall Street on track for first losing week since mid-April
US stocks mostly declined for a third day, putting indexes on track, on lingering concern that the US central bank may scale back its stimulus ...
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Fund managers raise SP 500 futures net longs in latest week-CFTC
NEW YORK | Fri May 24, 2013 4:14pm EDT NEW YORK May 24 (Reuters) - Equity fund managers in the week ended May 21 raised their net long positions in S&P 500 futures contracts by 19,652 to 239,503, U.S. Commodity Futures Trading Commission data showed on Friday. Equity fund speculators also increased their net short positions by 17,194 to 83,198, the data showed. Long Short ...
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