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Kumba Iron Ore sees full-year earnings down by as much as 31 percent

JOHANNESBURG (Reuters) – South Africa’s Kumba Iron Ore said on Friday that its headline earnings per share for 2014 were expected to fall by between 26 and 31 percent because of lower prices. Kumba, a unit of Anglo American, said … Continue reading

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US stocks slip in early trading

NEW YORK (AP) — The stock market is drifting lower in early trading after weak earnings results and outlooks from some big-name companies. The large cost of timely deliveries hurt UPS during the holidays and the shipping company cut its … Continue reading

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Box shares soar 56 percent in Wall Street debut

NEW YORK (AP) — Box Inc. shares soared 56 percent in their stock market debut, after the online storage provider raised $175 million in its initial public offering. The company’s service lets businesses and individuals upload documents, photos and other … Continue reading

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Wall St dips on earnings, but set to end week strong

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies, which offset optimism triggered by the European Central Bank’s recent decision to buy bonds and boost euro zone … Continue reading

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Stocks fall at midday as investors absorb quarterly results

NEW YORK (AP) — The stock market is edging lower after four straight days of gains as investors absorb quarterly financial results from U.S. companies. The Standard Poor’s 500 index eased four points to 2,058 as of 12 p.m. Eastern … Continue reading

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GE earnings rise despite headwinds from low oil prices

NEW YORK (AP) — General Electric Co. posted higher revenue and net income for the fourth quarter, but was held back from even better results by a sputtering performance from its expanding oil and gas division. The company calmed investors … Continue reading

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UPS and Starbucks are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE United Parcel Service Inc., down $11.32 to $102.93 The shipping company cut its 2014 profit outlook, … Continue reading

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Online storage provider Box soars in Wall Street debut

SAN FRANCISCO (AP) — Box’s shares soared 66 percent in their stock market debut Friday despite the online storage provider’s decade-long history of losses, a showing that may encourage more unprofitable technology startups to go public this year. The start … Continue reading

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ECB easing pushes European equities to 7-year high, euro sinks

By Michael Connor NEW YORK (Reuters) – European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank’s plan for massive regional economic stimuli that also knocked the euro to 11-year lows. Wall Street mostly … Continue reading

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ECB easing pushes European equities to 7-year high, euro sinks

By Michael Connor NEW YORK (Reuters) – European stocks hit seven-year highs on Friday, continuing a rally ignited by the European Central Bank’s plan for massive regional economic stimuli that also knocked the euro to 11-year lows. Wall Street mostly … Continue reading

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