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Stock Market News Stories

Asian shares edge higher ahead of US Fed chief’s speech

Hong Kong (AFP) – Asian shares mostly edged higher Wednesday following a positive lead from Wall Street, where stocks picked up on encouraging US economic data before a keynote speech this week by the Federal Reserve chief. The dollar hit … Continue reading

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Walgreen CFO’s departure due to $1 billion forecasting error : WSJ

(Reuters) – Drugstore retailer Walgreen Co’s Chief Financial Officer, Wade Miquelon, and another top executive lost their jobs after a $1 billion forecasting error in the company’s Medicare-related business, the Wall Street Journal reported. Walgreen named Kraft Foods Group Inc’s … Continue reading

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Goldman Sachs to raise junior banker pay by 20 percent : NY Post

NEW YORK (Reuters) – Goldman Sachs Group Inc plans to raise pay for junior bankers by 20 percent next year, the New York Post reported on Wednesday. The pay raise means that first-year analysts will earn about $85,000 before collecting … Continue reading

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Coca-Cola Amatil warns on full-year earnings

STRUGGLING Australian food and beverage company Coca-Cola Amatil Ltd (CCA) warned yesterday it expects to post a second consecutive drop in full-year earnings amid weak consumer confidence and thanks to a few management “own goals”. CCA is scrambling under new … Continue reading

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Stocks rise as US home construction rebounds

NEW YORK (AP) — A summer swoon for the stock market appears to be over for now. The Standard Poor’s 500 index closed within six points of its all-time high Tuesday, less than two weeks after slumping on concerns about … Continue reading

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Lear nears deal to buy Eagle Ottawa for more than $800 million: WSJ

(Reuters) – Lear Corp, a maker of auto seats and electrical power systems, is nearing a deal to buy Eagle Ottawa LLC, a supplier of premium automotive leather, for more than $800 million, the Wall Street Journal reported, citing sources … Continue reading

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Snapchat in talks to expand services

(Reuters) – Snapchat Inc, developer of a mobile app that lets users send messages that disappear within seconds, might expand its service to videos, news articles and advertisements, the Wall Street Journal reported on Tuesday. The California-based company is in … Continue reading

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Australia shares dip as investors dump BHP on spin-off fears

* ASX 200 dips 0.1 percent, BHP posts biggest one-day fallsince March on spin-off fears, missed expectations * Media sector, food and beverage companies have mixedresults * 100 shares higher, 77 shares lower, 23 shares unchanged (Adds analysis, quotes, stocks … Continue reading

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Asian shares gain as Ukraine fears recede

Asian shares rose Tuesday following a bounce on Wall Street as fears ebbed of a direct military clash between Russia and Ukraine and the focus turned to a keynote speech this week by the US Federal Reserve chief. Tokyo gained … Continue reading

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MOVES-Citi hires ex-Credit Suisse chief FX spot dealer Danny Wise-WSJ (Aug 18)

(In paragraph 1 of Aug. 18 story, adds missing word “spot”after the WSJ corrected its story) Aug 18 (Reuters) – Citigroup Inc (NYSE: C – news) named Danny Wise asits European head of G10 spot foreign exchange trading inLondon, the … Continue reading

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