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The Top News
9:25 AM - Wednesday, May 22, 2013
5 hour ago
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FOXBusiness.com
Existing-home sales rose 0.6% in April to a seasonally adjusted annual rate of 4.97 million - the highest rate since November 2009, when a buyer tax credit deadline approached -- pointing to a continuing recovery, the National Association of Re . . .
4 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:
- The Fed: Bernanke: Premature tightening could end growth - MarketWatch.com
4 hour ago
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CNBC
"I have not done anything wrong," asserts IRS official Lois Lerner, invoking her Fifth Amendment right, refusing to answer questions about her involvement in the improper targeting of conservative groups by the IRS.
RELATED STORIES:
- IRS official to plead 5th - CNN.com
- IRS official Lerner: 'I did nothing wrong' - Yahoo! News: Business News
4 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:
4 hour ago
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Yahoo! News: Business News
NEW YORK (Reuters) - Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal. Wireless service provider Clearwire . . .
4 hour ago
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FOXBusiness.com
Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.
RELATED STORIES:
- Wall Street cuts gains as Bernanke speaks - Yahoo! News: Business News
- Europe Markets: Europe stocks weak ahead of Bernanke comments - MarketWatch.com
- Stocks open higher ahead of Bernanke testimony - msnbc.com / Justin Menza
7 hour ago
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CNBC
Microsoft unveiled its next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.
RELATED STORIES:
- Microsoft Answers Xbox One Questions: Used Games, Always On and More - forbes.com / Paul Tassi
- First Round Of Xbox One Vs. PS4 Goes To Microsoft - forbes.com / Dave Thier
- Why Microsoft's Xbox One Won't Kick the Cable Guy Out of Your House - allthingsd.com / Peter Kafka
8 hour ago
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money.cnn.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:
- Market Snapshot: U.S. stocks pare gains on Bernanke bond talk - MarketWatch.com
- U.S. dollar extends losses as Bernanke speaks - MarketWatch.com
- Europe stocks erase losses after Bernanke comments - MarketWatch.com
6 hour ago
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Yahoo! News: Business News
NEW YORK (AP) — Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.
9 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 boom on spin off speculation - CNNMoney.com
- Sony surges on spin off talk - CNNMoney.com
- Sony mulls hedge fund's entertainment sale idea - Yahoo! News: Business News
4 hour ago
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on The Huffington Post
DETROIT -- Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
Ford Motor Co. said Wednesday that 21 of its North American factories w . . .
3 hour ago
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WSJ.com
Pfizer plans to shed its majority stake in animal-health company Zoetis, continuing Pfizer's efforts to its hone its focus on drugs and vaccines for humans.
4 hour ago
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CNNMoney.com
Read full story for latest details.
5 hour ago
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news /
As one in six women on the Forbes power list comes from tech, Louisa Peacock suggests you no longer have to be part of society's elite to be one of the most influential.
4 hour ago
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money.cnn.com
The International Monetary Fund tells U.K. to increase spending on infrastructure and cut some corporate taxes to shore up its fragile economic recovery.
3 hour ago
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SmartMoney.com
Commentary: Good luck with this one, Marissa Mayer.
RELATED STORIES:
- Yahoo acquires Tumblr in $1.1 billion deal - Washington Post / Hayley Tsukayama
- Mayer: Tumblr Will Stay Independent - CNBC
- Tumblr to 'materially' boost Yahoo! revenue by 2014 - news / Christopher Williams
3 hour ago
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The Guardian /
Eric Schmidt says search giant follows international rules after Labour leader criticised company over tax practicesGoogle executive chairman Eric Schmidt rejected the idea put forward by Labour leader Ed Miliband that the search giant should p . . .
4 hour ago
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WSJ.com
Larsen & Toubro, India's biggest engineering and construction company by sales, posted a worse-than-expected drop in its January-March net profit, sending its shares to their steepest fall in more than three years.
6 hour ago
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news /
JP Morgan's chief survived a protest vote to strip him of his chairman role, but the investment bank still faces a major board shake-up after three of its directors were voted down at its annual shareholder meeting.
RELATED STORIES:
- Jamie Dimon Win Sends A Dangerous Message To Wall Street - on The Huffington Post / Mark Gongloff
- Jena McGregor: Should JPMorgan shareholders have split Jamie Dimon's roles? - Washington Post / Jena Mcgregor
- Don't Buy the Negative Hype on Jamie Dimon - Fool.com
4 hour ago
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WSJ.com
Bank of New York Mellon plans to increase its wealth-management sales force by 50%, or up to 100 new positions, under a two-year recruiting campaign.
