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U.S. stocks end higher despite drag from IBM

NEW YORK (Reuters) – U.S. stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM’s disappointing results limited gains. Earnings reports from Halliburton (HAL.N), Gannett Co (GCI.N), and others, helped ease the worries over global … Continue reading

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IBM ditches 2015 operating EPS target, shares slump 7 percent

(Reuters) – International Business Machines Corp (IBM.N) reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell … Continue reading

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Apple’s iPhone sales beat Street but iPad volumes slide

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street’s targets. The company … Continue reading

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AbbVie says $55 billion acquisition of Shire officially dead

(Reuters) – U.S. drugmaker AbbVie Inc (ABBV.N) said on Monday it has reached agreement with Shire Plc (SHP.L) to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee … Continue reading

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The Benefits of Starting a Franchise

If you’re looking for a good chance of starting a successful business, franchising may be your best option. There are no guarantees that a franchise business will succeed, but there are several advantages to owning a franchise rather than starting … Continue reading

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Yahoo set to outline cost-cutting efforts: WSJ

(Reuters) – Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was … Continue reading

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World stocks advance on strong data, earnings

LONDON (Reuters) – Global stocks climbed on Monday, with strong U.S. data and encouraging third-quarter earnings easing concerns about the pace of global economic recovery and raising appetite for riskier assets. The MSCI world equity index .MIWD00000PUS, which tracks shares … Continue reading

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Market action reinforces need for policy patience: Fed’s Rosengren

BOSTON (Reuters) – The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic conditions, a top Fed policymaker told … Continue reading

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Adidas shares jump on report of bid for Reebok unit

BERLIN (Reuters) – Shares in German sportswear firm Adidas AG jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid … Continue reading

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Germany’s Karstadt eyes supervisory board head as new CEO: source

FRANKFURT (Reuters) – German department store chain Karstadt is set to appoint its supervisory board head as chief executive, a person familiar with the process said on Sunday, as it battles to get back to profitability. Stephan Fanderl, 51, a … Continue reading

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