Latest US Markets News
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Market Snapshot Bears cite performance chasing as stocks rise
"My experience is when managers are overly focused on performance on a near-term basis, and worried they're missing out, it means they're buying stocks for the wrong reasons," said Brian Belski, chief investment strategist at BMO Capital ...
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Associate of arms dealer Viktor Bout extradited to New York
NEW YORK (Reuters) - A U.S-Syrian citizen accused of conspiring with jailed Russian arms dealer Viktor Bout has been extradited to New York from Australia to face charges he conspired to buy aircraft in violation of economic sanctions, federal prosecutors said on ...
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REFILE-UPDATE 2-Stockholm calmer but violence spreads outside Swedish capital
Fri May 24, 2013 8:32pm EDT By Ilze Filks and Mia Shanley STOCKHOLM May 24 (Reuters) - A nearly week-long spate of rioting spread outside Stockholm on Friday but authorities said police reinforcements sent to the Swedish capital had reduced the violence there, even though dozens of youths set cars and a recycling station ablaze. The rioting - set off earlier this month by the police shooting of ...
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UPDATE 1-Petrobras says it has rejected offers for Argentine assets
Fri May 24, 2013 8:11pm EDT * Company selling assets to pay for giant expansion plan * Prices offered Petrobras have not met initial expectations * Petrobras cut outlook for asset sales by 40 pct in March RIO DE JANEIRO, May 24 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA said on Friday its executive directors have rejected offers to buy its Argentina operations, ...
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Squeezing the most out of your bonds
Let's knock bond ETFs off their pedestal.Exchange-traded funds that hold bonds annihilated the competition in the definitive guide to bond investing that appeared in this space two weeks ago (read it online ...
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Why Democrats Cant be Trusted to Control Wall Street
Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown. According to ...
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Top Ten MarketWatch’s top 10 stories May 20-24
-2.61% shares soared after the company reported financial results that outpaced analyst expectations, but those analysts warned that the "turnaround" tale at the high-tech giant may not have a happy ...
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American Vanadium to sell Gildemeisters storage battery in N.A.
NEW YORK | Fri May 24, 2013 7:49pm EDT NEW YORK May 24 (Reuters) - American Vanadium Corp. announced this week a deal with Gildemeister AG to market and sell the German company's vanadium energy storage battery and create a new power storage market in North America. The CellCube redox flow battery, which is manufactured by Germany's Gildemeister and uses the little-known metal ...
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Wall Street Week Ahead Investors look for signs in the rallys break
NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward ...
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Ex-Virginia bank executives guilty in financial crisis case
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank's 2011 ...
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UPDATE 3-News Corp to take charge of up to $1.4 bln this quarter
Fri May 24, 2013 7:46pm EDT * Australian publishing assets mostly to blame * Board formally approves split into two companies By Jennifer Saba May 24 (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said ...
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US markets turn sober after Japan plunge
THE 7.3 per cent plunge in Japanese stocks during the week injected needed sobriety into US markets, but they showed a resilience that cheered investors worried about protecting the year's ...
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REUTERS SUMMIT-Colombia cenbank chief worries about medium-term external shocks
Fri May 24, 2013 7:18pm EDT * Uribe happy about economic growth, inflation rates * Concerned about shocks coming from EU, US in medium term * Foreign reserves rise, could help protect economy By Helen Murphy and Eduardo Garcia BOGOTA, May 24 (Reuters) - Colombia's central bank chief said on Friday his main challenge over the medium term was preparing the nation for a normalization of U.S. ...
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UPDATE 2-French Niger troops kill Islamists holding out at Niger base
Fri May 24, 2013 7:09pm EDT * Veteran Algerian jihadist Belmokhtar claims Niger attacks * Belmokhtar planned hostage taking at Algeria gas plant * Niger attacks are 'shockwave' of Mali conflict By Abdoulaye Massalatchi NIAMEY, May 24 (Reuters) - French special forces and Niger troops shot dead on Friday the last two Islamists involved in a twin attack on a military base and a French ...
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Stocks to Watch Stocks to watch Tiffany United Natural Foods
SAN FRANCISCO (MarketWatch) -- Tiffany & Co. and United Natural Foods will be among the stocks to watch Tuesday after the three-day holiday ...
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UPDATE 2-Investors boost direct investment in Mexico cut stocks
Fri May 24, 2013 6:44pm EDT MEXICO CITY May 24 (Reuters) - A healthy boost in foreign direct investment in the first quarter underscored confidence in Latin America's No. 2 economy even as investment flows into the country's stocks and bonds moderated, central bank data showed on Friday. Foreign direct investment reached $4.99 billion in the first quarter after touching negative ...
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Visa Mastercard ask U.S. court to declare card fees are lawful
An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon November 15, ...
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Exclusive-Workplace wellness fails bottom line waistlines -RAND
By Sharon Begley NEW YORK | Fri May 24, 2013 6:34pm EDT NEW YORK May 24 (Reuters) - A long-awaited report on workplace wellness programs, which has still not been publicly released, delivers a blow to the increasingly popular efforts, Reuters has learned, casting doubt on a pillar of the Affordable Care Act and a favorite of the business community. According to a report by researchers ...
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Billionaire investor apologizes for saying women traders inferior
Fri May 24, 2013 6:25pm EDT May 24 (Reuters) - Billionaire investor Paul Tudor Jones, who riled both Wall Street and Main Street when he said that women will never quite rival men in investing or trading, apologized on Friday, noting that he has encouraged his daughters to pursue careers on Wall Street. "Much of my adult life has been spent fighting for equal opportunity, and the idea that I ...
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Mexico eyeing retaliatory measures in U.S. meat labeling dispute
MEXICO CITY | Fri May 24, 2013 6:18pm EDT MEXICO CITY May 24 (Reuters) - Mexico is considering imposing retaliatory trade measures on the United States in a dispute over meat labeling, the country's economy ministry said on Friday. Mexico said new U.S. rules for meat labeling were even more onerous than a set of regulations that the World Trade Organization (WTO) declared were ...
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EMERGING MARKETS-Latam stocks unchanged despite China Fed worries
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa, Mexico IPC flat; Chile IPSA down 0.94 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Latin American stocks were largely flat on Friday despite concerns over weak economic growth in China and a possible winding down of the U.S. Federal Reserve Bank's asset-buying program. Latin American markets also suffered this ...
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How the Dow Jones industrial average fared Friday
Both the Dow and S&P 500 had their first weekly losses since the week ending April 19. A disappointing manufacturing report out of China and a sharp fall in Japan's stock market rattled investors' nerves this week. But anxiety over the Federal Reserve's bond-buying program was the main culprit. Some investors interpreted comments from Fed officials to mean that the bank may ...
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Energy Stocks Energy stocks fall end week off 0.5
SAN FRANCISCO (MarketWatch) -- Energy stocks fell Friday, ending the week with a loss of 0.5% as gains earlier in the week cushioned heavy losses in recent trading ...
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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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