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'Don't worry about a stock market drop'A feeling of vertigo may seem natural as Wall Street approaches a record and stock markets around the world climb to their highest levels since 2007. With the Standard & Poor's 500-stock More… |
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Wall street ends week with 5th straight declineStocks fell for a fifth straight day on Friday, dropping one per cent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight. More… |
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Wall Street ends storm-hit week with selloffStocks ended an unusual trading week shortened by superstorm Sandy's devastating sweep through the US Northeast with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report. More… |
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Rajat Gupta gets 2 years in insider trading caseDisgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to two years in prison on Wednesday, a much lighter sentence than US prosecutors had demanded, by a judge who called his insider trading crimes "disg More… |
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Facebook plans to raise $10.6bn in mega IPOFacebook aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google and granting the world's largest social network a market value close to Amazon.com's. The More… |
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Dow posts $412m Q1 profit, beats StreetDow Chemical Company posted net income of $412 million for the first quarter of the year, or 35 cents per share, compared with $625 million, or 54 cents per share, in the year-ago period, beating Wall Street forecasts. Solid sales of herbi More… |
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Citigroup posts $2.9bn incomeCitigroup's quarterly profit beat Wall Street estimates as the third-largest US bank cut expenses and benefited from an improved economy and more active capital markets after a dismal end to 2011. Profit was boosted by loan growth in the l More… |
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Google's stock split raises questionsAn unusual stock split designed to preserve Google founders' control of the Web search leader raised questions and some grumbling on Wall Street, even as investors focused on the company's short-term business concerns. Shares of Google clo More… |
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Police fire tear gas at Oakland, 200 arrestedRiot police fought running skirmishes with anti-Wall Street protesters on Saturday, firing tear gas and bean bag projectiles and arresting more than 200 people in clashes that injured three officers and at least one demonstrator. Three pol More… |
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Starbucks posts profit beat, sales jumpStarbucks Corp's reported a quarterly profit that topped Wall Street's view after global economic worries failed to weaken demand for drinks and other products from the world's biggest coffee chain. Global sales at cafes open at least 13 m More… |
