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Business leaders call for Britain to stay in EU
The bosses of some of Britain’s biggest companies on Tuesday warned that an exit from the European Union could threaten jobs and put the economy at risk. Around 200 individuals, including the CEOs of...
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Stocks tumble after big rally as oil falls sharply
After its recent hot streak, the Dow Jones industrial average cooled off Tuesday as stocks tumbled amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate...
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JPMorgan strikes bullish tone even as oil woes rise
In the latest sign of a divided economy, JPMorgan Chase CEO Jamie Dimon gave an impassioned speech Tuesday about how U.S. consumers are “winners” of the current economy, even as the bank warned of...
View ArticleViacom may sell “significant” minority stake in Paramount Pictures
Viacom said Tuesday it may sell a “significant” minority stake in Paramount Pictures, seeking to generate funds amid volatility in its cable TV business and responding to shareholder calls to unload...
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Durable goods orders rebound in Jan.; weekly jobless claims bump up
Orders to U.S. companies for long-lasting manufactured goods advanced in January at the strongest pace in 10 months. Moreover, a key category that tracks business investment surged by the largest...
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Chinese stocks plunge more than 6%
China’s Shanghai composite index plunged more than 6% Thursday — its biggest one-day drop in a month — amid ongoing fears about the health of the world’s second largest economy. The benchmark dived...
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Earnings push Salesforce shares higher
Shares of Salesforce.com are climbing in early trading, while new details surfaced on Apple’s next, smaller screen iPhone. Salesforce.com. The cloud computing company raised revenue guidance for the...
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Google is killing yet another rival
If there was a survival guide for technology companies in 2016 – one rule would be to never get in the way of Google’s parent company Alphabet (GOOGL). Just ask investors in Bankrate. Shares of...
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Sears Q4 loss deeper after competitive holiday season
Sears (SHLD) reported a fourth quarter loss Thursday well below expectations after struggling through a competitive holiday season. Sears warned earlier this month that it didn’t expect to fare well in...
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All eyes on economy as Fed rate decision looms
An oil production cut is off the table — at least for now. So there goes one potential catalyst for higher stock prices right out the window. That raises the stakes for the Federal Reserve’s next...
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Stocks rise despite drop in oil; China slides 6%
U.S. stocks shrugged off a sell-off in Shanghai and were slightly higher Thursday as Wall Street looks to build on yesterday’s big rebound rally that wiped out big losses and allowed stocks to finish...
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New-home sales tumble in January on big decline in West
Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher. The Commerce Department said Wednesday that new-home sales...
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United Natural Foods to acquire Haddon House for $217.5 million
Natural and organic food product distributor United Natural Foods said Monday that it will acquire Haddon House Food Products in a $217.5 million deal. The acquisition positions United Natural Foods to...
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Tribune Media may sell businesses after posting $381M in Q4 loss
Tribune Media, which owns and operates 42 TV stations, said Monday it’s exploring “strategic and financial” options, including possibly selling businesses and assets, as losses mount and advertising...
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Costco cardholders will transfer from Amex to Citi in June
Costco cardholders will no longer be able to pay with American Express come June. That’s when a deal for American Express to sell its Costco-branded portfolio to Citibank is expected to close, and...
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Hopes of business-friendly reforms in India fade
Even as India shines as a rare bright spot in a sluggish global economy, the country’s business-savvy prime minister is watching his popularity wane. Narendra Modi swept into power in May 2014 on the...
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Valeant shares falls as CEO returns; financials delayed
Shares of Valeant Pharmaceuticals International (VRX) plunged anew on Monday, hours after the embattled drugmaker announced its chief executive is returning from illness but withdrew its financial...
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Stocks gain as oil prices rise above $33 a barrel
U.S. stocks snapped out of a morning malaise and posted moderate gains Monday as oil prices rose and global stocks fell after a meeting of G20 finance officials ended without pledges for joint action...
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Disney park prices jump 20% on these days
Walt Disney’s (DIS) theme parks in California and Florida are so popular – prepare to pay more if you go when everyone else wants to. The giant entertainment company Sunday launched “demand pricing”...
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Emirates overtakes Qantas for world’s longest flight
Emirates has bumped Qantas Airways out of the top spot for the world’s longest flight. Emirates took over the title Tuesday with the launch of its 8,819-mile nonstop route between Dubai in the United...
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