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Financial News Stories

Visa and Baidu are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Visa Inc., up $21.99 to $236.65 The world’s largest processor of debit and credit card payments … Continue reading

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US STOCKS-Wall St up on GDP, earnings; fund year-end lifts winners

* Nikkei report on GPIF allocation changes gives stockssupport * Visa (Xetra: A0NC7B – news) , MasterCard rally after results * Third-quarter GDP tops expectations * Indexes up: Dow 1.3 pct, SP 500 0.6 pct, Nasdaq 0.4 pct By Rodrigo … Continue reading

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Dollar surges as Fed ends QE on hawkish note

By Yasmeen Abutaleb NEW YORK (Reuters) – The dollar surged to a three-week high and government bond yields rose on Thursday, one day after the U.S. Federal Reserve took a more hawkish tone in its assessment of the economy as … Continue reading

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Starbucks sales disappoint

SEATTLE (AP) — Starbucks on Thursday reported higher sales for its fiscal fourth quarter but the results missed Wall Street expectations and shares of the coffee chain declined. The Seattle-based company said global sales at established locations rose 5 percent, … Continue reading

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GoPro profit beats estimates on robust demand for cameras

By Soham Chatterjee (Reuters) – GoPro Inc (GPRO.O) reported a better-than-expected quarterly profit and revenue, driven by strong demand for its wearable cameras, which are used by surfers, skydivers and other action junkies. The company’s shares rose 6.7 percent in … Continue reading

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LinkedIn shares swing as Q4 outlook misses estimates

View photo . Getty Images/Mandel Ngan LinkedIn CEO Jeff Weiner LinkedIn reported earnings that were ahead of expectations. The stock fell initially, but then bounced back. At last check, it was basically flat. Here are the major numbers: EPS: $0.52 versus … Continue reading

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Starbucks under pressure as key metric misses views

(Reuters) – Starbucks Corp (SBUX.O) on Thursday reported sales at established cafes in its U.S.-dominated Americas region that missed Wall Street expectations in the latest quarter, despite the early return of the popular Pumpkin Spice latte. The world’s biggest coffee … Continue reading

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Citi revises Q3 net lower by $600M amid legal woes

(Reuters) – Citigroup Inc (C.N) said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to “rapidly evolving regulatory inquiries.” The bank’s shares fell in extended trading after it revised down its … Continue reading

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Opera Software third-quarter earnings beat forecasts

OSLO (Reuters) – Norway’s Opera Software reported third-quarter earnings just ahead of expectations on Thursday and said its full year profit would be at the top end of its guidance range. Opera’s adjusted earnings before interest, taxes, depreciation and amortisation … Continue reading

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GE in talks to sell stake in South Korea finance JVs

(Reuters) – General Electric Co is in early stage talks to sell its stakes worth more than $1 billion (625.72 million pounds) in its South Korean auto-financing and credit card businesses, the Wall Street Journal reported, citing people familiar with … Continue reading

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Financial News

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