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Finance Stories

Microsoft, Salesforce talks fell through on pricing: CNBC

By Devika Krishna Kumar and Anya George Tharakan (Reuters) – Microsoft Corp (MSFT.O) and Salesforce.com Inc (CRM.N) held “significant talks” this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter. Microsoft was willing … Continue reading

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Firmer underlying inflation keeps Fed on rate hike path

By Lucia Mutikani WASHINGTON (Reuters) – Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. The Labor Department said on Friday … Continue reading

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Wall St ends lower after Yellen comments fail to inspire

By Noel Randewich (Reuters) – U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street’s expectations. Lackadaisical trading volume during … Continue reading

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Exclusive: Altice seeks financing for Time Warner Cable bid: sources

By Liana B. Baker and Claire Ruckin SAN FRANCISCO/LONDON (Reuters) – French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to … Continue reading

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China stocks hit 7-year high, Europe muted ahead of Fed

HONG KONG (AP) — Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen. KEEPING SCORE: European … Continue reading

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Deere ups guidance as construction offsets ag swoon

MOLINE, Ill. (AP) — Solid sales in construction equipment offset a global agricultural slowdown for Deere, and the company raised its outlook for the year. Shares rose nearly 4 percent before the opening bell Friday. Deere’s most profitable business is … Continue reading

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In a quiet stock market, whispers of an M&A wave

The market reveals its true character in quiet moments. When the price moves are gentle, trading volume is muted and the news slate is light, the flow of investor money offers subtle clues about the market’s best guesses and fondest … Continue reading

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Has the oil rout actually helped Gulf producers?

The drastic fall in oil prices over recent months is widely thought to have hit the Gulf’s dominant producers hard as they battle with U.S. rivals. But the CEO of one Middle East oil company argues that actually the opposite … Continue reading

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Fidelity’s take on life after quantitative easing (QE)

Despite speculation that the Federal Reserve will raise interest rates in June, minutes from the Fed’s April policy meeting released this week reveal a rate hike is highly unlikely.  According to the minutes, the Fed’s committee expressed doubts that the … Continue reading

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Detroit prosecutors join criminal probe of Takata over air bags

DETROIT (Reuters) – Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp’s (7312.T) defective air bag inflators that are linked to at least six deaths globally. The U.S. Attorney’s Office for the Eastern District of Michigan and … Continue reading

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