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The Top News
4:06 PM - Tuesday, May 21, 2013
7 hour ago
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forbes.com /
I just wrapped up my live coverage of the Xbox One reveal, an event that was half as long as most thought it would be, and one hour longer than it should have been.
RELATED STORIES:
- The New Microsoft Xbox One: Key Takeaways (and Red Flags) From Today's Announcement - Minyanville
- Microsoft Looks to Seize Control of Your Living Room - FOXBusiness.com
- Microsoft touts Xbox One as all-in-1 entertainment - Yahoo! News: Business News
6 hour ago
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Washington Post /
On Tuesday, JPMorgan Chase shareholders rejected a proposal to split the roles of CEO and chairman, both held by the bank's iconic leader, Jamie Dimon. The measure received support from roughly 32 percent of shareholders, which is actually les . . .
RELATED STORIES:
- Jamie Dimon Crushes Critics - CNBC
- Someone Claiming To Be Jamie Dimon Arrested By Homeland Security - forbes.com
- JP Morgan’s Jamie Dimon survives shareholder vote, but Washington probes are next - Washington Post / Danielle Douglas
5 hour ago
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MarketWatch.com
Apple Inc.’s chief executive Tim Cook defended the tech giant’s tax practices in a lengthy Senate hearing on Tuesday, telling lawmakers that the company is acting fairly and also laying out targets for lowering its tax burdens.
RELATED STORIES:
- Senate Skewers Apple's Tax Strategy - CNBC
- Tim Cook is Wall Street hero for a day - buzz.money.cnn.com
5 hour ago
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FOXBusiness.com
ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said.
RELATED STORIES:
- ESPN cutting workforce as it looks to 'smartly' manage costs - Yahoo! News: Business News
- Report: ESPN Laying Off Hundreds - Mashable / Lauren Indvik
3 hour ago
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money.cnn.com
Saks Fifth Avenue could be offering a rare, high-ticket luxury item: Itself.
9 hour ago
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CNBC
Monster. That's what they're calling the tornado that barreled through Oklahoma. Here are heartbreaking scenes.
RELATED STORIES:
- Coburn Wants Oklahoma Tornado Aid Offset With Budget Cuts - Business
- IRS Announces Tax Relief For Oklahoma Tornado Victims - forbes.com
- Slide Show: Oklahoma tornado slams hospital, school in Moore - MarketWatch.com
7 hour ago
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WSJ.com
Home Depot raised its full-year outlook and said net profit jumped 18%, helped by the recovering housing market and sales related to reconstruction in the wake of superstorm Sandy.
RELATED STORIES:
- Home Depot beats Q1 estimates, raises EPS guidance - MarketWatch.com
- Stocks to Watch: Best Buy, Home Depot are Tuesday’s stocks to watch - MarketWatch.com
- Bull vs. Bear: Home Depot - CNBC
4 hour ago
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on The Huffington Post
May 21 (Reuters) - Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodati . . .
4 hour ago
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FOXBusiness.com
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might en . . .
RELATED STORIES:
- Market Snapshot: U.S. stocks rise after Fed officials’ QE signal - MarketWatch.com
3 hour ago
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WSJ.com
Clearwire's tale is shifting from seemingly endless saga to nail-biter.
3 hour ago
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CNNMoney.com
Herbalife hired Pricewaterhouse Coopers as its new accounting firm. KPMG resigned last month after discovering one of its partners was providing illegal stock tips on clients.
4 hour ago
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CNNMoney.com
Read full story for latest details.
7 hour ago
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Yahoo! News: Business News
By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone boss Vittorio Colao staked his reputation on selling the group's prized stake in U.S. operator Verizon Wireless at the right time and right price, saying on Tuesday he would not bow to . . .
RELATED STORIES:
- Vodafone keeps Verizon payout to make up for European slump - Reuters
- Vodafone profits collapse as company denies shareholders Verizon dividend - news / Christopher Willians
- Vodafone chiefs defend retention of £2.1bn Verizon Wireless dividend - news / Christopher Williams
8 hour ago
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Yahoo! News: Business News
MINNEAPOLIS (AP) — Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
3 hour ago
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CNNMoney.com
Read full story for latest details.
7 hour ago
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FOXBusiness.com
Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.
5/20/2013
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from Seeking Alpha /
By Markos Kaminis (Wall St. Greek): On Monday evening, Senators Carl Levin and John McCain addressed the media about Apple (AAPL), alleging tax avoidance by means of offshore entities. This issue could affect Apple in a meaningful manner. Befor . . .
RELATED STORIES:
5 hour ago
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Yahoo! News: Business News
(Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. Sony's U.S. listed shares rose 9 percent on Tuesday on the New Yor . . .
7 hour ago
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CNNMoney.com
Read full story for latest details.
5 hour ago
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MarketWatch.com
NEW YORK (MarketWatch) -- U.S. stocks closed higher on Tuesday, with the Dow industrials and S&P 500 hitting record highs, after comments from two Federal Reserve officials suggested that the central bank is not close to tapering its bond-buy . . .
RELATED STORIES:
- European Stocks Close With a Gain - WSJ.com
