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Finance news Stories

Qualcomm struggles to collect royalties in China, stock falls

By Noel Randewich SAN FRANCISCO (Reuters) – Qualcomm Inc’s outlook for the September quarter was below Wall Street’s expectations and its shares fell on Wednesday after the leading mobile chipmaker said it was having trouble collecting royalties in China. A … Continue reading

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SEC considering action against S&P over ratings

WASHINGTON (AP) — Standard Poor’s said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages. SP’s parent … Continue reading

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Facebook beats Wall Street targets, stock hits record high

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook Inc’s fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street’s financial targets and sending shares to a record-high in after-hours trading on … Continue reading

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Reed Elsevier first-half earnings beat forecasts

LONDON, July 24 (Reuters) – Anglo-Dutch information providerReed Elsevier (LSE: REL.L – news) said it expected another year ofunderlying earnings growth after reporting better-than-expectedfirst-half results. Reed, Europe’s largest media company by market cap,reiterated its full-year outlook and said it was … Continue reading

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Survey shows big city dwellers trade happiness for money

If you’re feeling unhappy with the daily grind of city life, you’re not alone. In fact, residents across some of America’s largest cities – including New York – are feeling the same way according to a new survey. A new research … Continue reading

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Boeing’s stock could see more turbulence

Boeing’s stock failed to take off Wednesday despite reporting better-than-expected earnings and raising its full-year forecast. The company reported second-quarter profit of $2.24 per share, almost a quarter above estimates, but revenue was slightly lower than Wall Street anticipated. The … Continue reading

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China probes 581 firms, restaurants as food safety scare spreads

SHANGHAI (Reuters) – China’s food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away … Continue reading

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Carey pressured from both sides of Fox Time Warner deal to stay in job

By Ronald Grover , Jennifer Saba and Liana B. Baker LOS ANGELES/NEW YORK (Reuters) – Chase Carey, Twenty-First Century Fox’s president and chief operating officer, may be feeling pressure to stay in his job for several more years both from … Continue reading

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US stocks are mixed as corporate earnings roll in

NEW YORK (AP) — U.S. stock indexes were mostly higher in midday trading Wednesday as investors weighed positive earnings in the technology sector against disappointing news out of aircraft giant Boeing and other companies. Biotechnology stocks were among the biggest … Continue reading

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Lisbon rallies as European shares edge higher

* FTSEurofirst 300 closes up 0.1 pct at 1,375.69 points * Lisbon’s PSI-20 equity index outperforms with 1.7 pct rise * PSI-20 lifted as investors take stake in BES * Akzo rises after forecast-beating results * Investors keeping wary eye … Continue reading

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Finance News

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