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Finance Stories

Port squeeze threatens US retailers’ holiday stocking plans

By Nandita Bose and Lisa Baertlein CHICAGO/LOS ANGELES (Reuters) – A shortage of transportation equipment and possible labor disruptions at ​the Los Angeles/Long Beach port complex, ​the nation’s busiest, is delaying shipping containers for up to three weeks, threatening timely … Continue reading

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Ex-Bank of New York Mellon employee pleads guilty to insider trading

By Joseph Ax NEW YORK (Reuters) – A former Bank of New York Mellon Corp (BK.N) employee on Friday pleaded guilty to insider trading based on tips from a former Merck Co Inc (MRK.N) employee about potential pharmaceutical mergers. Federal … Continue reading

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U.S. appeals court rules for GM over Spyker’s Saab sale

By Jonathan Stempel (Reuters) – General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab … Continue reading

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Are stocks prettier than junk? Bull market hinges on the answer

There is no magic formula for predicting the stock market, no lodestar signal that can tell you when it’s better to be in or out. But there are important relationships among interest rates, risk appetites and market performance that stay … Continue reading

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Google’s Pichai to oversee major products and services

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc Chief Executive Officer Larry Page has put Sundar Pichai, one of his key lieutenants, in charge of the Internet company’s products. The India-born executive will have oversight over products such as … Continue reading

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Cramer: Pay & play next week

Thursday night the world learned that a doctor in New York City has been diagnosed with Ebola after spending time in West Africa. The news immediately caused the index futures to take a nose dive. However, it seems as though … Continue reading

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After big miss, will activists circle Amazon?

These days, virtually any underperforming company can come under attack from an activist investor. Could Amazon (AMZN) be the next big target? That was a question raised by some hedge funds that CNBC.com spoke to after the e-commerce company posted … Continue reading

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Gold edges higher but set for weekly loss on dollar and U.S. data

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold inched up on Friday as European shares fell but was set to snap a two-week winning streak on a firm dollar and robust economic data that dented demand for the metal as an … Continue reading

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Pfizer’s $11 billion buyback plan deflates AstraZeneca bid hopes

LONDON/NEW YORK (Reuters) – U.S. drugmaker Pfizer is to continue buying back stock, with the board authorising a new $11 billion (6.8 billion pounds) share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca. Shares in … Continue reading

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Apple CEO says had ‘very open’ privacy talks in China: Xinhua

BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook was quoted on Friday as saying he had “very open” talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a … Continue reading

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