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Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg

Posted: June 5, 2013 at 6:42 am

The HSBC/Markit Purchasing Managers' Index for China comes in at 52.1 last month, another sign of economic trouble. (Reuters) Toyota Motor Corp. (NYSE: TM) recalls 242,000 hybrids because of brake ...
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Financial News Digest: Reuters, WSJ, NYT, FT, Bloomberg

Posted: June 4, 2013 at 6:41 am

SAC Capital Advisers could lose most of its outside investors by next year. (Reuters) Bank of America Corp. (NYSE: BAC) will struggle in court to get approval of its $8.5 ...
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Zynga Layoffs Eventually Could Reach 50% of Workforce

Posted: June 4, 2013 at 6:40 am

The Zynga Inc. (NASDAQ: ZNGA) workforce reduction, which hit about a fifth of its staff yesterday, could grow considerably if the company's hopeful forecast of its future turns out to ...
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Closing Bell for Monday on Wall Street: Markets Wobble, But Finish Higher today

Posted: June 3, 2013 at 4:04 pm

U.S. equity markets opened higher this morning following a slightly upbeat report on eurozone manufacturing PMI. While not yet in positive territory, eurozone PMI rose as a whole and rose ...
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Zynga Cuts More than 500 Jobs, Shares Halted

Posted: June 3, 2013 at 3:22 pm

Shares of Zynga Inc. (NASDAQ: ZNGA) were halted for five minutes this afternoon as the company announced a layoff of about 520 employees that it said would be completed by ...
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NASDAQ’s Record Facebook IPO SEC Settlement, Not Even a Slap on the Wrist

Posted: May 29, 2013 at 1:27 pm

The 2012 initial public offering of Facebook, Inc. (NASDAQ: FB) was just yet another incident where the immediate reaction and trading shenanigans that took place have worked to destroy investor ...
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Media Digest: Reuters, WSJ, NYT, FT, Bloomberg

Posted: May 16, 2013 at 6:21 am

Jamie Dimon picks many of the current directors of the J.P. Morgan Chase & Co. (NYSE: JPM) board. (Reuters) Google Inc. (NASDAQ: GOOG) releases a streaming music service. (Reuters) JANA ...
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Closing Bell for Wednesday on Wall Street: Markets Open Soft, Close with a Flourish

Posted: May 15, 2013 at 4:04 pm

U.S. equity markets opened slightly lower this morning following a number of data releases related to the U.S. economy. Producer prices declined in April and the New York manufacturing index ...
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Stock Market in Which Bad Companies Thrive over Good Ones

Posted: May 10, 2013 at 6:22 am

One of the effects of the current record stock market levels is that companies that are poorly run and post poor results have done as well, if not better, than ...
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Twitter Takes First Step Toward IPO?

Posted: May 3, 2013 at 6:50 am

Twitter has added an investment banker to its staff. This has prompted speculation that the company may begin the process for an initial public offering. Of course, investors could be ...
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What Is Important in the Financial World

Posted: May 3, 2013 at 6:35 am

Slow EU Economic Recovery Europe believes that it is doing poorly, financially. The European Commission (EC) put out its forecast for gross domestic product (GDP) activity for this year and ...
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You Can Play Real-Money Poker Online Again — If You Live in Nevada

Posted: April 30, 2013 at 1:11 pm

The first legal online gambling site in the U.S. launched today, ultimatepoker.com, a majority-owned subsidiary of Station Casinos LLC. In order to play, though, you must be able to prove ...
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24/7 Wall St. Closing Bell — Monday: Markets Open Higher, S&P Closes on New High

Posted: April 29, 2013 at 4:07 pm

U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for ...
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24/7 Wall St. Closing Bell — Friday: Markets Open Low, Close Mixed

Posted: April 26, 2013 at 4:06 pm

U.S. equity markets opened lower this morning after hearing that U.S. GDP growth in the first quarter came in at 2.5%, well below the expected 3.1% (more coverage here). U.S. ...
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24/7 Wall St. Closing Bell — Thursday: Markets Open Higher, Maintain Positive Trend Today

Posted: April 25, 2013 at 4:04 pm

U.S. equity markets opened higher this morning following a report on U.S. unemployment that was better than analysts expected (more coverage here). There were literally hundreds of U.S. companies reporting ...
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