Author Archives: Editor - Business News

Big British Firm Seeks U.S. Merger Partner in 2015

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The American Lawyer Archives: The Two Faces of Scientology

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Bingham McCutchen Diaspora Brings Bevy of Lateral Moves

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Carl Icahn raises stake in car rental company Hertz

(Reuters) – Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent. The billionaire was already Hertz’s largest shareholder and in the past few months had successfully pushed … Continue reading

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Wall Street ends little changed after mixed data batch

NEW YORK (Reuters) – U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range. Third-quarter gross domestic … Continue reading

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U.S. economy resilient in third quarter as global growth cools

WASHINGTON (Reuters) – The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand. The Commerce Department on Tuesday raised its estimate of … Continue reading

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Asia shares climb on U.S. optimism, oil pressured before OPEC

TOKYO (Reuters) – Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook, while the Australian dollar languished near four-year lows against the dollar. Oil prices were also under pressure … Continue reading

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China won’t consider further rate cuts, easing until after fourth quarter: official

BEIJING (Reuters) – China’s central bank will wait until the fourth quarter economic index is released before considering further rate cuts and easing, a central bank adviser said on Tuesday, adding a decision would depend on U.S. and Japanese monetary … Continue reading

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Futures tick up with indexes at records

NEW YORK (Reuters) – U.S. stock index futures were slightly higher on Tuesday as the market’s long-running upward bias looked to continue, though further gains may be difficult to come by in a week that’s expected to be quiet. Equities … Continue reading

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Russian oil tsar to meet OPEC as Saudis keep market guessing

VIENNA (Reuters) – Russia’s most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group’s leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the … Continue reading

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