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The Top News
12:49 PM - Wednesday, May 22, 2013
6 hour ago
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MarketWatch.com
Fed Chief Ben Bernanke opens door for slowing asset purchases in next few meetings
RELATED STORIES:
- Bernanke's 'Figure Eight' on Ending QE - CNBC
- Bernanke: Economy still needs Fed's help - USATODAY.com Money News
- Bernanke's 'Fed Speak' Ensures The Success Of Internet ETFs And The Buyback Achievers ETF - from Seeking Alpha / Gary Gordon
4 hour ago
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from Seeking Alpha
By Mark J. Perry: Here are some highlights of today's report on April existing-home sales from the National Association of Realtors (NAR): 1. For the month of April, existing-home sales (at 4.97 million on a seasonally adjusted annual rate) we . . .
RELATED STORIES:
- Existing Home Sales Rise 0.6%, Missing Expectations - Clusterstock / Mamta Badkar
4 hour ago
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forbes.com
As Congress continues its investigation into allegations that the Internal Revenue Service improperly targeted certain applications for tax-exempt status based on keywords and politically charged language, a number of IRS and Treasury officials . . .
RELATED STORIES:
- IRS official refuses to answer questions at scandal hearing - Reuters
- IRS official Lerner: 'I did nothing wrong' - Yahoo! News: Business News
- IRS Official Takes the Fifth at Tax Hearing - CNBC
6 hour ago
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CNBC
Clearwire board wants shareholders to accept a richer buyout offer made by Sprint.
8 hour ago
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money.cnn.com
Royal Bank of Scotland and Lloyds won't need to tap investors or taxpayers for new funds to bolster their financial strength as they prepare for return to the private sector.
RELATED STORIES:
- Osborne prepares ground for RBS and Lloyds sell-off - The Guardian / Jill Treanor
- R.B.S. and Lloyds Bank Plan to Bolster Capital - DealBook / Mark Scott
- Lloyds says to meet capital demands without extra funds - Reuters
5 hour ago
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BBC
The damage from the Oklahoma tornado could reach $2bn (£1.3bn), the Oklahoma Insurance Department warns, although many tenants may have no insurance cover.
RELATED STORIES:
- Cost of Oklahoma tornado seen topping $2 billion - MarketWatch.com
- Rescuers search Oklahoma tornado town ruins as recovery starts - Reuters
- Focus in Oklahoma Moves From Rescue to Recovery - NY Times
4 hour ago
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CNBC
The Fed could begin slowing its efforts to maintain record-low long-term interest rates as early as summer.
4 hour ago
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FOXBusiness.com
While there was no consensus among Federal Reserve officials on when the central bank could begin to slow down asset purchases, a "number" of central bank officials were willing to taper as soon as their next meeting in June, according to the m . . .
3 hour ago
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Washington Post /
On the Internet, words never die. Abercrombie & Fitch's CEO Mike Jeffries learned that the hard way in recent weeks as the company's brand has been battered online and on television for comments he made seven years ago. Read full article >>
13 hour ago
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Money Supply blog on central banks
Chief executive Kazuo Hirai says no timetable has been set for a response to suggestions the Japanese group is to sell off part of its film and music arm
RELATED STORIES:
- Sony shares surge on spin off talk - CNNMoney.com
- Sony Denies Latest Spin-Off Report - FOXBusiness.com
- JPMorgan Chase Defeats Anti-Dimon Proposal - on The Huffington Post / Shahien Nasiripour
4 hour ago
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Reuters
WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington.
RELATED STORIES:
- Home sales continue to climb - money.cnn.com
7 hour ago
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msnbc.com /
Stocks opened higher on Wednesday as markets await Congressional testimony from Federal Reserve chief Ben Bernanke on the economy and monetary policy at 10:00 a.m. for any hints as to when the central bank may consider reducing quantitative eas . . .
RELATED STORIES:
- Highlights: Bernanke's prepared testimony to congressional panel - FOXBusiness.com
- Indications: Stock futures edge up ahead of Bernanke, data - MarketWatch.com
- Bernanke testimony to be studied for policy clues - Yahoo! News: Business News
8 hour ago
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CNNMoney.com
All eyes are on Ben Bernanke and the Federal Reserve Wednesday as investors await clues about whether the central bank will continue to pump money into the financial system.
RELATED STORIES:
- Bernanke Speaks, Stocks Rock On - forbes.com / Scott Redler
- Stocks erase gains as Bernanke rally fades - money.cnn.com
3 hour ago
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CNBC
Goldman Sachs revealed to clients its so-called VIP list of stocks that are most loved by the hedge fund industry.
5 hour ago
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on The Huffington Post
NEW YORK (AP) — One after another, major U.S. corporations have updated anti-discrimination policies to protect gay, lesbian and transgender workers, drawing plaudits from gay-rights groups. There's one prominent exception: Exxon Mobil Corp.
. . .
5 hour ago
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Yahoo! News: Business News
NEW YORK (AP) — Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.
RELATED STORIES:
- Target Cuts Outlook as Profit Drops 26% - NY Times
- Target profit drops on slow apparel sales - MarketWatch.com
9 hour ago
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forbes.com /
On Tuesday, Microsoft raised the curtain on its new Xbox One. I'm impressed. Here are the eight reasons to buy Xbox One.
RELATED STORIES:
- Microsoft Answers Xbox One Questions: Used Games, Always On and More - forbes.com / Paul Tassi
- Xbox One unveiled by Microsoft – video - The Guardian
- Microsoft Looks to Seize Control of Your Living Room - FOXBusiness.com
3 hour ago
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MarketWatch.com
An Orlando, Fla., man whom U.S. law enforcement questioned as an associate of the Boston bombing suspects, is shot and killed after he tried to attack a Federal Bureau of Investigation agent, according to the FBI and a U.S. law-enforcement offi . . .
7 hour ago
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tech.fortune.cnn.com
Reporters wrote two kinds of second-day stories, with two very different takes.
RELATED STORIES:
- Apple CEO Tim Cook: ‘We pay all the taxes we owe’ - msnbc.com
- Apple CEO Tim Cook Pounds Another Nail Into the Keynesian Coffin - forbes.com / John Tamny
5/21/2013
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NPR Topics
When news of Yahoo's purchase of Tumblr first hit, Tumblr users took their reactions online. The posts were quirky and sharp with plenty of worry about the future.
RELATED STORIES:
- Yahoo swears it isn’t going to screw up Tumblr — but how realistic is that promise? - GigaOM / Mathew Ingram
- Yahoo's Tumblr Buy Is a High-Stakes Gamble - SmartMoney.com
- VIDEO: Yahoo-Tumblr deal, the Asia effect - BBC
