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The Top News
2:23 AM - Tuesday, May 21, 2013
3 hour ago
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news /
Security services business G4S revealed on Tuesday that its chief executive is to step down after a string of setbacks, including a botched contract for the London Olympics, and a profit warning.
5 hour ago
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news /
Yahoo's $1.1bn (£723m) purchase of Tumblr will "materially" boost its revenue as soon as 2014, according to its chief financial officer, even though the micro blogging site is currently largely free of advertising and last year had revenues of . . .
RELATED STORIES:
- Tech Stocks: Yahoo’s deal for Tumblr heads tech’s day - MarketWatch.com
- Yahoo looks to regain its cool with Tumblr deal - Yahoo! News: Business News
- Yahoo on $1.1bn Tumblr acquisition deal: we won't screw it up - The Guardian / Josh Halliday
4 hour ago
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BBC
Marks and Spencer reports a big fall in annual profits, as troubles in its clothing division continue.
4 hour ago
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news /
Vodafone said it would not distribute any of a £2.1bn dividend from its stake in Verizon Wireless to shareholders, as it reported a collapse in profits as a result of write-downs on its Spanish and Italian businesses.
4 hour ago
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Money Supply blog on central banks
The National Weather Service says the tornado had wind speeds up to 200mph as White House orders federal aid to help with relief efforts
RELATED STORIES:
- Many children among 91 feared dead in tornado-hit Oklahoma - Reuters
- Stunning Time-Lapse Video Of 2-Mile Wide Oklahoma Tornado - zerohedge.com / Tyler Durden
- Oklahoma City Tornado Pictures: 'Total Devastation' - Business Insider
3 hour ago
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MarketWatch.com
MADRID (MarketWatch) -- The Standard & Poor's 500 index will rise 5% from current levels to reach 1,750 by the end of this year, said Goldman Sachs in a research note dated May 20. A team of strategists led by David J. Kostin, chief U.S. equit . . .
RELATED STORIES:
- Goldman exits China's ICBC, seven years and billions later - Yahoo! News: Business News
- Goldman exits China's ICBC, 7 years and billions later - Reuters
- Abbott Laboratories lifted to buy at Goldman Sachs - MarketWatch.com
5 hour ago
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CNBC
Republicans target Health and Human Services Secretary Kathleen Sebelius for her soliciting of funds on behalf of a non-profit group.
7 hour ago
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money.cnn.com
Read full story for latest details.
7 hour ago
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Yahoo! News: Business News
By Mari Saito TOKYO (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No . . .
14 hour ago
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CNBC
Plunking down $1.1 billion for blogging platform Tumblr was easy, now Yahoo has to not "screw it up," NBC reports.
RELATED STORIES:
- Tumblr deal will allow Yahoo to compete in mobile apps - news
- Why Don't Startups Like Tumblr Get Their Customers To Invest? (Instead Of Sell To Yahoo) - forbes.com / Cheryl Conner
- Yahoo! 'Really' Only Paid $262 Million For Tumblr - forbes.com / Eric Jackson
7 hour ago
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FOXBusiness.com
The Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery".
3 hour ago
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CNNMoney.com
Read full story for latest details.
13 hour ago
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MarketWatch.com
In the official memo announcing Yahoo’s $1.1 billion acquisition of Tumblr today, the companies promised not to “screw it up.” But similar promises have been made before. What happened after Yahoo purchased Flickr back in 2005? Find that story . . .
RELATED STORIES:
3 hour ago
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Yahoo! News: Business News
By Marc Jones LONDON (Reuters) - The dollar edged higher, gold steadied and European shares remained near five-year highs on Tuesday as investors wait to see if the U.S. Federal Reserve will give any signal on the future of its stimulus program . . .
3 hour ago
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Yahoo! News: Business News
By Nishant Kumar HONG KONG (Reuters) - The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed. The annual survey by indust . . .
10 hour ago
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Washington Post
The White House offered a new account Monday of how and when it learned that the Internal Revenue Service had improperly targeted conservative groups, saying that some senior officials were informed of the findings but that President Obama was . . .
RELATED STORIES:
- The IRS v. the First Amendment - Reason Magazine / Ira Stoll
- Treasury Knew IRS Was Planning Apology - WSJ.com: World
6 hour ago
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Yahoo! News: Business News
BANGKOK (AP) — The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.
7 hour ago
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money.cnn.com
Read full story for latest details.
6 hour ago
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MarketWatch.com
LOS ANGELES (MarketWatch) -- Chinese hackers who allegedly broke into Google Inc. databases accessed valuable information about U.S. knowledge of Chinese espionage activities, the Washington Post reported late Monday. The cyber-intrusions, whi . . .
16 hour ago
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on The Huffington Post /
Just one day before Apple's CEO Tim Cook is expected to argue for corporate tax reform on Capitol Hill, a new report claims that the company is avoiding paying taxes on billions of dollars in profits.
The U.S.-based software giant is parkin . . .
RELATED STORIES:
- Dave Johnson: Apple Avoiding Billions and Billions of Dollars in Taxes - on The Huffington Post / Dave Johnson
- Apple accused of avoiding billions in taxes - Money Supply blog on central banks
- Apple avoids taxes with ‘complex web’ of offshore entities, Senate inquiry finds - Washington Post / Cecilia Kang
