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The Top News
4:46 AM - Thursday, May 23, 2013
4 hour ago
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MarketWatch.com
U.S. stock market futures fell sharply early Thursday as fears over a tapering of the Fed’s bond-buying program continued to rattle investors. Those worries and weak China data triggered heavy losses for global stocks, with Japan equities suffe . . .
5 hour ago
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Washington Post /
PARIS — Christine Lagarde, managing director of the International Monetary Fund, was summoned to testify Thursday about her role in the settlement of a multi-million-dollar business dispute when she was French finance minister in 2008. Read ful . . .
8 hour ago
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Yahoo! News: Business News
By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalle . . .
RELATED STORIES:
- China factory activity falls - CNNMoney.com
- Asia stocks slide as China factory output slips - Yahoo! News: Business News
- China Flash PMI Sinks to 7 Month Low - PRAGMATIC CAPITALISM / Cullen Roche
6 hour ago
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money.cnn.com
Elon Musk's electric-car company paid off federal loan 9 years before it was due.
RELATED STORIES:
- Did Tesla Mislead Investors on Loan Repayment? - DailyFinance
- Tesla CEO On Repaying Taxpayer Loan: I Hope We Did You Proud - forbes.com / Joann Muller
- Tesla Pays Off $465 Million DOE Loan - CNBC
11 hour ago
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Yahoo! News: Business News
SYDNEY (AP) — Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.
RELATED STORIES:
- High costs, currency push Ford out of Australia car manufacturing - FOXBusiness.com
- Ford to end car production in Australia - news
- Ford Australia to stop making cars - The Guardian
4 hour ago
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news /
Glencore Xstrata has denied any wrongdoing over an Iranian alumina deal, after a leaked UN report said the transactions could have been a way of skirting international sanctions.
4 hour ago
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FOXBusiness.com
EU antitrust regulators accepted on Thursday concessions from Lufthansa , United Airlines , Air Canada and Continental to ease competition concerns about their transatlantic revenue-sharing pact.
24 hour ago
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on The Huffington Post
WASHINGTON (AP) — Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Reducing the Fed's efforts to . . .
RELATED STORIES:
- Bernanke: No rate hike soon - money.cnn.com
6 hour ago
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WSJ.com
Chinese personal-computer maker Lenovo Group's fiscal fourth-quarter profit rose 90% from a year earlier, setting it apart from an industry that is struggling with weak demand.
5 hour ago
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CNBC
Japan is in the middle of a "big monetary experiment," said a member of the Bank of England's Monetary Policy Committee.
3 hour ago
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money.cnn.com
J.P. Morgan Chase's Jamie Dimon made $18.7 million last year, putting him fourth on the list of highest-paid chiefs in banking. Which CEOs made even more?
8 hour ago
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Yahoo! News: Business News
TOKYO (AP) — Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in inte . . .
7 hour ago
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BBC
Nissan says it plans to recall about 841,000 vehicles worldwide due to a faulty steering wheel.
6 hour ago
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news
Flybe has sold 25 take-off and landing slots at London Gatwick Airport to easyJet for £20m, raising much-needed cash for the struggling regional airline.
6 hour ago
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MarketWatch.com
Japanese government bonds swung wildly, recouping morning losses after the Bank of Japan acts to stabilize the market and Japanese shares plummet.
9 hour ago
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from Seeking Alpha /
By Doug Short: With Tuesday's dovish duo Bullard and Dudley to set expectations, the S&P 500 rallied in anticipation of Chairman Bernanke's congressional testimony and soared to its all-time intraday high, up 1.07% during his prepared remarks. . . .
RELATED STORIES:
- Market Snapshot: U.S. stocks rise after Fed officials’ QE signal - MarketWatch.com
- NewsWatch: U.S. stocks rise after Fed officials’ QE signal - MarketWatch.com
- U.S. stocks close higher on Fed QE comments - MarketWatch.com
4 hour ago
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MarketWatch.com
The dollar slumps on Thursday, dropping closer to the 100-yen level, as Japanese stocks plunge on the back of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond purchases.
7 hour ago
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forbes.com /
My experience as a healthcare guy in Silicon Valley seems well described by the technology “hype cycle” – a jolt of excitement when I arrived, thrilled to be immersed in the scene, taking me to the "peak of inflated expectations," followed by t . . .
7 hour ago
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CNBC
Quantitative easing is not printing money and bank reserves aren't money. Here's why.
7 hour ago
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news
The FTSE 100, which rose to the highest level in 13 years yesterday, opened down sharply on Thursday after a surprise contraction in Chinese manufacturing hit Asian markets and worries grew that the Fed could ease up on QE.
