US News Stories

Singapore Stocks-May rise on higher US; Greece worries may cap

Written on May 24, 2012 by Editor - Stock Markets News

SINGAPORE, May 25 (Reuters) – Singapore shares may open higher on Friday, tracking a rise on Wall Street, but gains may be limited on persistent fears that Greece may have to exit the euro zone. ———————-MARKET SNAPSHOT @ 0009 GMT … Continue reading →

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Facebook market makers’ losses total at least $100 million

Written on May 24, 2012 by Editor - Stock Markets News

(Reuters) – Claims by four of Wall Street’s main market makers against Nasdaq over Facebook‘s botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical … Continue reading →

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S&P 500 ends up slightly; Nasdaq down

Written on May 24, 2012 by Editor - Stock Markets News

NEW YORK (Reuters) – The SP 500 and Dow ended slightly higher on Thursday in a third session marked by a late-day swing, but the Nasdaq fell after a weak revenue forecast from NetApp cast doubts on the outlook for … Continue reading →

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'Job Destroyers' on Obama Jobs Council?

Written on May 23, 2012 by Editor - Job News

Saul Loeb / AFP / Getty Images Are “job destroyers” sitting on President Obama’s jobs council? There could be, if you believe the argument from Democrats and the Obama campaign that private equity executives are profit seekers who often run … Continue reading →

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Obama Jobs Council Has Buyout Execs Despite Bain Attacks

Written on May 23, 2012 by Editor - Job News

Are “job destroyers” sitting on President Obama‘s jobs council? There could be, if you believe the argument from Democrats and the Obama campaign that private equity executives are profit seekers who often run roughshod over workers, companies and communities. Two … Continue reading →

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China factory data signals weak first-half growth

Written on May 23, 2012 by Editor - Finance Top Stories

By Lucy Hornby BEIJING (Reuters) – China’s factories took a hit in May as export orders fell sharply, a private sector survey showed on Thursday, suggesting surprise weakness in April’s hard economic data persists even as policymakers seek to shore … Continue reading →

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EU urges Greece to stay in euro, plans for possible exit

Written on May 23, 2012 by Editor - Finance Top Stories

By Claire Davenport and Luke Baker BRUSSELS (Reuters) – European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete … Continue reading →

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HP to lay off 27,000, profit slides 31 percent

Written on May 23, 2012 by Editor - Finance Top Stories

By Poornima Gupta SAN FRANCISCO (Reuters) – Hewlett Packard Co plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, … Continue reading →

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Wall Street finishes flat in late reversal

Written on May 23, 2012 by Editor - Finance Top Stories

By Edward Krudy NEW YORK (Reuters) – Stocks staged a late-day reversal on Wednesday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the SP 500 and gains in Apple (NSQ:AAPL – News) … Continue reading →

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Shareholders sue Facebook, NYSE comes calling

Written on May 23, 2012 by Editor - Stock Markets News

SAN FRANCISCO (Reuters) – The fallout from Facebook Inc‘s messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek … Continue reading →

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