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The Top News
8:07 AM - Thursday, May 23, 2013
4 hour ago
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CNBC
Initial claims for unemployment benefits dropped 23,000 to a 340,000.
RELATED STORIES:
- Jobless claims data suggests labor market strength - Yahoo! News: Business News
- Weekly Jobless Claims Show Major Drop in the Army of the Unemployed - 24/7 Wall St
3 hour ago
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CNBC
Sales of new homes rose to the second highest level since 2008 while the median price for a new home hit a record high
RELATED STORIES:
- April New Home Sales Up 2% To 454,000 - FOXBusiness.com
- Economic Report: April new-home sales second-best since recession - MarketWatch.com
- April Home Sales Highest For The Month In 6 Years, Median Sales Price Highest In 5 Years - from Seeking Alpha
7 hour ago
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FOXBusiness.com
Britain's Financial Conduct Authority (FCA) said it has fined U.S. bank JPMorgan 3.
4 hour ago
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Yahoo! News: Business News
NEW YORK (AP) — Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices. But economic challenges here and abroad and the move to eliminate some businesses to focus on . . .
4 hour ago
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CNNMoney.com
Read full story for latest details.
4 hour ago
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Yahoo! News: Business News
(Reuters) - Private equity firm Apax Partners will acquire teen-apparel retailer rue21 Inc in a deal valued at about $1.1 billion, adding to a retail portfolio that includes Cole Haan and Takko Fashion. Rue21 said Apax, which already owns a 30 . . .
6 hour ago
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CNBC
Financial markets around the world were roiled Thursday after Japanese stocks plunged more than seven percent.
5 hour ago
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on The Huffington Post
DETROIT -- Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.
The Palo Alto, Calif., company said it wired in a $451.8 million payment to the government o . . .
RELATED STORIES:
- Did Tesla Mislead Investors on Loan Repayment? - DailyFinance
- Electric carmaker Tesla pays off U.S. loan - FOXBusiness.com
5 hour ago
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FOXBusiness.com
A top U.S. central bank official sought to reassure financial markets that the Federal Reserve was not in a hurry to start winding down its economic stimulus as investors worried about comments by its chairman Ben Bernanke.
RELATED STORIES:
- ECB Should Follow US: Fed's Bullard - CNBC
- Fed not "that close" to winding down stimulus: Bullard - Yahoo! News: Business News
8 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 multimillion-dollar business dispute when she was France’s finance minister in 2008. Read fu . . .
9 hour ago
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NPR Topics
Federal Reserve chairman Ben Bernanke told Congress Wednesday that the central bank is not ready to scale back on economic stimulus. But he suggested the Fed may start to pare back bond purchases if the economy picks up momentum. Stocks fell fo . . .
RELATED STORIES:
- S&P 500 Snapshot: Fed Induced Bipolar Disorder - from Seeking Alpha / Doug Short
- Fed Endorses Stimulus, but the Message Is Garbled - NY Times
- Stocks fall on news Fed weighed cutting stimulus - Yahoo! News: Business News
6 hour ago
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FOXBusiness.com
Deutsche Bank's bosses tried to convince skeptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems.
4 hour ago
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Reuters
LONDON (Reuters) - UK-based publisher Pearson , buffeted by a string of managerial changes and slowing growth, unveiled a further shake-up on Thursday that it said would take some time to implement.Related StoriesSoftBank would add 'security di . . .
3 hour ago
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features.blogs.fortune.cnn.com
Prime Minister David Cameron says openness to foreign investment is competitive advantage for Britain (and Ratan Tata is always welcome at Downing Street).
5 hour ago
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BBC
JP Morgan's international bank division has been fined £3m by the Financial Conduct Authority for failures in client advice and record-keeping.
8 hour ago
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news /
Britain's return to growth has been confirmed with an unchanged second estimate of GDP showing the economy grew 0.3pc in the first three months of the year, though economists expressed concerns about the lack of underlying growth momentum.
3 hour ago
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Yahoo! News: Business News
By Andy Bruce and Steven C. Johnson LONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the . . .
4 hour ago
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Yahoo! News: Business News
(Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors. Under the deal . . .
3 hour ago
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Yahoo! News: Business News
By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company execu . . .
4 hour ago
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FOXBusiness.com
China's civil aviation regulator on Thursday formally approved Boeing Co's 787 Dreamliner for use in the country, clearing the way for Chinese airlines to start operating the aircraft, which has been plagued with problems.
