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Financial News Stories

Next for Corporate America: Body wires and wire taps?

By Aruna Viswanatha WASHINGTON (Reuters) – Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.     Prosecutors say they are … Continue reading

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U.S. retail sales move higher; consumer spirits rise

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about … Continue reading

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Alliance Data and Ulta Salon 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 Alliance Data Systems Corp., up $5.04 to $257.91 The manager of retailers’ credit card and loyalty … Continue reading

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Stocks decline amid interest rate worries

NEW YORK (AP) — The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard Poor’s 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The … Continue reading

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After Breach, JPMorgan Still Seeks to Determine Extent of Attack

The headache caused by the attack on JPMorgan Chase’s computer network this summer may not go away anytime soon. Over two months, hackers gained entry to dozens of the bank’s servers, said three people with knowledge of the bank’s investigation … Continue reading

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Why you suffer when others lose their jobs

It sucks getting laid off — even for those who keep their jobs. There’s no mystery about the toll paid by workers who get laid off. Income plummets, self-esteem suffers and some unlucky people never regain their economic standing. Now, … Continue reading

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Fed may lay groundwork for rate hike; Alibaba IPO: The week ahead

The biggest IPO in Wall Street’s history could hit the tape Friday morning. Chinese e-commerce giant Alibaba is set to price Thursday after the close and begin trading Friday morning – it’s arguably the biggest event on next week’s schedule. … Continue reading

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Bets on hawkish Fed lift dollar, U.S. bond yields

By Richard Leong NEW YORK (Reuters) – The U.S. dollar ended higher for a ninth straight week against the euro on Friday and hit six-year highs against the yen, helped by speculation the Federal Reserve may strike a more hawkish … Continue reading

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Ashmore shares drop after earnings hit by emerging market volatility

By Nishant Kumar LONDON (Reuters) – Fund manager Ashmore Group Plc has posted a sharp drop in profit for the past year after being hit by turbulence in the emerging markets in which it specialises, sending its shares to a … Continue reading

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JP Morgan’s Dimon finishes scheduled cancer treatments: WSJ

(Reuters) – JPMorgan Chase Co CEO Jamie Dimon, who was diagnosed with throat cancer this year, finished his scheduled rounds of radiation and chemotherapy treatment this week, the Wall Street Journal said, citing people familiar with the matter. Doctors will … Continue reading

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Financial News

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