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Finance news Stories

Fed faces pressure to rein in Wall St

THE United States Federal Reserve faces pressure to restrict Wall Street’s control over commodities such as oil, aluminium and coal after lawmakers said banks tried to exploit rules and influence prices to their benefit. “You’ve got to restore the separation,” … Continue reading

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What Steve Jobs, Elon Musk, And 11 Other Tech Visionaries Were Like In College

Steve Jobs, Reed College View gallery . Apple cofounder Steve Jobs grew up in the San Francisco area, and his parents wanted him to go to college nearby at either Stanford University or the University of California, Berkeley. But according … Continue reading

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Central banks set Wall Street up for 5th straight weekly gain

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China’s central bank cut its benchmark interest rate and its euro zone peer announced asset purchases … Continue reading

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Wall Street Week Ahead: Giving thanks for big stock gains

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stock investors head into the Thanksgiving holiday thankful for the market’s recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has … Continue reading

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Canada sees Burger King/Tim Hortons decision before Christmas

By Julie Gordon VANCOUVER (Reuters) – The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N) of Canada’s iconic coffee-and-donut Tim Hortons Inc (THI.TO), Industry Minister James Moore said … Continue reading

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American Airlines unit to transfer 50 regional aircraft, cut jobs

By Jeffrey Dastin (Reuters) – American Airlines Group Inc (AAL.O) subsidiary Envoy Air plans to transfer at least 50 Embraer 145 (EMBR3.SA) aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, … Continue reading

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Aviva agrees to possible $8.8 billion deal to buy Friends Life

(Reuters) – Insurer Aviva Plc (AV.L) said it had reached agreement on a possible deal to buy Friends Life Group Plc (FLG.L) for 5.6 billion pounds ($8.8 billion) in stock. Under the terms of the possible offer, Aviva would offer … Continue reading

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Wall Street ends at records on central bank action

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China’s central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in … Continue reading

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GameStop and Gap 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 GameStop Corp., down $5.68 to $37.86 The video game retailer reported worse-than-expected third-quarter results and trimmed … Continue reading

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Honda in talks with other suppliers for Takata air bag fix

DETROIT (Reuters) – Honda Motor Co 7267.T is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp 7312.T air bags, the Wall Street Journal reported on Friday, citing people aware of the … Continue reading

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