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The Top News
11:06 PM - Wednesday, May 22, 2013
7 hour ago
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CNBC
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
4 hour ago
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WSJ.com
Luxury electric-car maker Tesla Motors said it fully repaid a $452 million federal loan and said it would be able to finance development of its next two vehicles without selling new shares.
RELATED STORIES:
- Tesla CEO On Repaying Taxpayer Loan: I Hope We Did You Proud - forbes.com / Joann Muller
- Electric carmaker Tesla pays off U.S. loan - FOXBusiness.com
6 hour ago
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WSJ.com
Clearwire said it hasn't had 'substantive' talks with Dish Network since last month, and doesn't expect the satellite-TV operator to top Sprint's sweetened offer for the wireless broadband provider, which Clearwire supports.
9 hour ago
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FOXBusiness.com
The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on the project aw . . .
14 hour ago
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FOXBusiness.com
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
RELATED STORIES:
- SoftBank would appoint "security director" to Sprint board - Yahoo! News: Business News
5 hour ago
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Yahoo! News: Business News
By Rob Taylor and Lincoln Feast CANBERRA (Reuters) - Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its e . . .
7 hour ago
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FOXBusiness.com
Hong Kong stocks dropped early Thursday as concerns that the Federal Reserve was considering winding down its bond purchases weighed on sentiment, with investors also cautious ahead of a preliminary reading on Chinese manufacturing activity in May.
RELATED STORIES:
- Hong Kong Mercantile Exchange Being Probed - WSJ.com
- ASIA MARKETS: Hong Kong, Sydney Stocks Fall; Tokyo Ends Up - FOXBusiness.com
5 hour ago
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MarketWatch.com
Gold futures fall, weighed by strength in the U.S. dollar after the head of the U.S. Federal Reserve indicates the central bank could start tapering stimulus efforts in the coming months.
17 hour ago
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BBC
US Federal Reserve chairman Ben Bernanke tells Congress that it is too soon to end the central bank's monetary stimulus programme or raise interest rates.
RELATED STORIES:
- Bernanke says more progress needed before stimulus pullback - Yahoo! News: Business News
- Markets soar as Bernanke warns against slowing stimulus - news
- Bernanke's 'Figure Eight' on Ending QE - CNBC
6 hour ago
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WSJ.com
The Securities and Exchange Commission on Wednesday charged South Miami, Fla. with misleading investors about the tax-exempt eligibility of a downtown public-parking garage and retail development.
7 hour ago
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CNBC
Volatile trading in stocks and bonds could continue while investors sort out what's going on with the Fed.
4 hour ago
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Yahoo! News: Business News
By Kentaro Sugiyama and Yoko Kubota TOKYO (Reuters) - Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct . . .
7 hour ago
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CNBC
Singer and actress Jennifer Lopez is going in a whole new direction, and using Verizon Wireless to get there.
13 hour ago
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Reuters
WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday . . .
RELATED STORIES:
- JGB yields surge, markets spooked by Bernanke remarks - Yahoo! News: Business News
9 hour ago
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FOXBusiness.com
Borders owes nothing to holders of roughly $210.
8 hour ago
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Washington Post
When Federal Reserve Chairman Ben S. Bernanke spoke Wednesday morning on Capitol Hill, his words seemed to hint that the central bank’s stimulus wouldn’t be pulled back anytime soon. The Dow Jones industrial average surged. Read full article >>
6 hour ago
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WSJ.com
Some of the biggest U.S. companies, including Google and FedEx, have quietly removed hundreds of offshore subsidiaries from their publicly disclosed financial filings over the past several years.
6 hour ago
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WSJ.com
Zale named former Signet Jewelers CEO Terry Burman as its chairman, while the jewelry retailer also swung to a fiscal third-quarter profit despite a slight drop in revenue.
6 hour ago
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WSJ.com
Morgan Stanley's head of fixed income is leaving the firm, as the smallest of the leading Wall Street banks looks to improve the profitability of the unit that trades bonds and currencies.
5 hour ago
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MarketWatch.com
Asian markets suffer, as early losses recorded on worries the Federal Reserve could downscale its bond purchases are exacerbated by data showing Chinese manufacturing activity unexpectedly contracting in May.
