Latest US Markets News
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GLOBAL MARKETS-Stocks firm dollar rises against yen as markets await Fed
* U.S. shares climb, Fed statement due Wednesday * Dollar up against the yen for second day * Brent crude rises to hover around $106 By Leah Schnurr NEW YORK, June 18 (Reuters) - U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic ...
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Finning International sells C$200 mln notes - term sheet
June 18 | Tue Jun 18, 2013 2:34pm EDT June 18 (Reuters) - Heavy equipment dealer Finning International Inc on Tuesday sold C$200 million ($196 million) of seven-year medium-term notes due July 3, 2020, according to a term sheet seen by Reuters. The 3.232 percent notes were priced at par to yield 137.4 basis points over the Canadian government benchmark, according to the term sheet. The ...
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Costa Rica growth to fall short of 4 pct in 2013 -central bank
SAN JOSE, Costa Rica, June 18 | Tue Jun 18, 2013 2:33pm EDT SAN JOSE, Costa Rica, June 18 (Reuters) - Economic growth in Costa Rica this year will fall short of the 4 percent forecast issued previously by the central bank, hurt by a manufacturing slowdown, central bank President Rodrigo Bolanos said on Tuesday. Bolanos told reporters that the bank could not yet offer a new forecast. He ...
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UPDATE 1-Spains Bami latest property firm to file for insolvency
Tue Jun 18, 2013 2:25pm EDT MADRID, June 18 (Reuters) - Spanish property developer Bami has filed to begin insolvency proceedings, a company spokesman said on Tuesday, the latest in a series of real estate groups and other firms in the recession-hit country to struggle to refinance their debts. Dozens of property firms have collapsed in Spain, where house prices have fallen 40 percent from their ...
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UPDATE 2-FBI widens hunt for Jimmy Hoffas body near Detroit
Tue Jun 18, 2013 2:23pm EDT By Joseph Lichterman OAKLAND TOWNSHIP, Mich., June 18 (Reuters) - FBI agents in suburban Detroit widened their search of an overgrown field on 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. FBI agents have been digging for Hoffa's remains since Monday when a ...
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US Wall St. plot foiled
The director of the National Security Agency said Tuesday the U.S. government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programs -- one that gathers U.S. phone records and another that is designed ...
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Treasury Secretary Lew Cleans Up His Signature for the Nations Currency
recently charted its evolution: And now we know how it will appear on the $1, $5, $10, $20, $50, and $100 bills. The tradition of Treasury secretaries' signatures appearing on currency dates back to 1914 and takes about 18 weeks to implement, according to Treasury. And on Tuesday afternoon it announced that the following signature will be gracing newly printed ...
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Crystal Goodman head back to school in Monsters University
By Zorianna Kit LOS ANGELES, June 18 | Tue Jun 18, 2013 2:17pm EDT LOS ANGELES, June 18 (Reuters) - One-eyed green monster Mike Wazowski and his giant blue, furry friend James P. "Sully" Sullivan go back in time as "scaring" students in "Monsters University," as Walt Disney Co.'s Pixar Animation Studios pins its hopes for a blockbuster on the coming-of-age ...
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UPDATE 1-U.S. court lets stand Ex-Im Bank loan for Air India
Tue Jun 18, 2013 2:13pm EDT WASHINGTON, June 18 (Reuters) - A U.S. appeals court on Tuesday let stand a 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. "I am gratified by the court's recognition that these transactions should not be impeded by litigation," Fred Hochberg, chairman ...
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Plot against Wall Street foiled US spy chief
National Security Agency said Tuesday the US government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programmes, one that gathers US phone records and another that is designed to track the use of ...
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UPDATE 1-Western Union sees $500 mln online revenue by 2015 - CEO
Tue Jun 18, 2013 2:07pm EDT * Digital revenues currently just 3 percent of total * Africa one fifth of Western Union global business By Chijioke Ohuocha LAGOS, June 18 (Reuters) - Western Union Co expects revenue from its digital business to grow to $500 million by 2015, from $150 million currently, its chief executive said on Tuesday. Chief Executive Hikmet Ersek told reporters during a visit ...
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Wall Street rises on hopes of Fed status quo
NEW YORK - U.S. stocks rose on Tuesday, led by growth-oriented sectors, as Federal Reserve policymakers gathered for a two-day meeting to discuss the future of the Fed's bond-buying to stimulate the economy. With the Fed expected to maintain the current level of purchases, shares of industrial, technology and consumer discretionary companies rallied. General Electric gained 1% to $24.02 ...
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Icahn seeks to allay fears over lack of financing for Dell bid
Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference at the New York Stock Exchange in this June 27, 2007 file ...
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UPDATE 1-As PPR becomes Kering Puma and Fnac problems remain
Tue Jun 18, 2013 1:54pm EDT * PPR officially changes its name to Kering * CEO defends Fnac flotation * Puma turnaround a big challenge By Astrid Wendlandt and Victoria Bryan PARIS/FRANKFURT, June 18 (Reuters) - PPR turned the page on its retail past and started a new life as a luxury and sports brands group by renaming itself Kering at its annual general meeting on Tuesday. The company will now ...
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Stocks move higher on home building low inflation waiting for word from Federal Reserve
NEW YORK, N.Y. - The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation. Investors are also sending stocks up because they expect the Federal Reserve will keep in place programs meant to prop up the economy. The Dow Jones industrial average was up 110 points, or 0.7 per cent, to 15,292 at noon Eastern Daylight Time ...
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Brazil ready to face more volatility from abroad -Tombini
BRASILIA, June 18 | Tue Jun 18, 2013 1:53pm EDT BRASILIA, June 18 (Reuters) - Brazil's economy is prepared to face a recent increase in volatility in foreign markets and inflation will remain under control, central bank chief Alexandre Tombini said on Tuesday. Tombini spoke after Brazil's currency, the real, reached its weakest level in four years in intra-day trading on ...
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Iraq excludes Kurds from ambitious 2014 oil output target
Tue Jun 18, 2013 1:38pm EDT * Target for 4.5 mln bpd output relies on southern oilfields * Kurdistan says excluded from national energy strategy * High-level committee formed to settle Baghdad-Kurd oil row By Peg Mackey LONDON, June 18 (Reuters) - Iraq aims to ramp up oil production by nearly 45 percent by the end of next year - without any input from its autonomous Kurdistan region - which ...
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UPDATE 1-Vodafone and Liberty face battle for Kabel Deutschland
Tue Jun 18, 2013 1:32pm EDT * Kabel Deutschland seeks binding bids in 2 weeks-source * Anti-trust authorities to study any Liberty Global deal * Liberty Global continues M&A spree in Europe * Vodafone leverage lower than telecom peers By Paul Sandle and Sophie Sassard LONDON, June 18 (Reuters) - Vodafone faces a battle for Germany's largest cable company, Kabel Deutschland , although rival ...
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COLUMN - Vetting the Syrian rebels stock gyrations and A-Rods return
Tue Jun 18, 2013 1:29pm EDT By Steven Brill June 18 (Reuters) - STORIES I'D LIKE TO SEE: VETTING THE SYRIAN ...
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UPDATE 3-Major natgas pipeline explodes in Louisiana area evacuated
Tue Jun 18, 2013 1:21pm EDT * Part of Florida Gas Transmission line shut after explosion * Fifty-five residents evacuated * Florida gas prices up, in line with other regions By Edward McAllister and Eileen Houlihan June 18 (Reuters) - A major natural gas pipeline exploded on Tuesday in Washington Parish, Louisiana, destroying a mobile home and causing an evacuation of the area but no injuries ...
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GE moves into Industrial Internet service with Amazon
June 18 | Tue Jun 18, 2013 1:20pm EDT June 18 (Reuters) - General Electric Co joined forces with Amazon Web Services on Tuesday to make a wide range of data on products, including jet engines and gas turbines, available online so they can be analyzed. GE said Amazon Inc is the first online "cloud" service on which it will start creating an "Industrial Internet" to tap a ...
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AIRSHOW-Air France A350 order back on after spat -sources
PARIS, June 18 | Tue Jun 18, 2013 1:15pm EDT PARIS, June 18 (Reuters) - Air France looks poised to sign a long-awaited $7 billion deal to buy 25 Airbus A350 jets after talks narrowly avoided collapse, industry sources said on Tuesday. Air France has been at loggerheads with its suppliers over issues mainly including maintenance of the plane's Rolls-Royce engines ever since the ...
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Obama hints at Bernanke exit from Federal Reserve
US President Barack Obama has hinted in an interview that he may be looking for a new chief of the US Federal Reserve, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned. Mr Obama, who was speaking to the PBS television network, compared Mr Bernanke to FBI Director Robert Mueller, who agreed to stay two years longer than he had planned and is to leave ...
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Market Extra How to trade the Federal Reserve decision
NEW YORK (MarketWatch) -- The main question hanging over financial markets right now is when and how the Federal Open Market Committee will scale back its bond purchases, seen as one of the biggest drivers for investment moves this ...
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Currencies Dollar rises vs. yen ahead of Fed decision
NEW YORK (MarketWatch) -- The U.S. dollar rose on Tuesday against the Japanese yen, as the Federal Open Market Committee prepared to kick off its two-day ...
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