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The Dow and S&P 500 hit new records after comments from a Fed official raised hopes of stimulus continuing. Bernanke testifies in front of Congress Wednesday.
Tuesday, May 21, 2013 21:24 |
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NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program. The Dow Jones industrial average gained 52.30 points, or 0.35 percent, to end unofficially at a record 15,387.58. The Standard & Poor`s 500 Index added 2.87 points, or 0.17 percent, to finish unofficially at a record 1,669.16. The Nasdaq Composite Index rose 5.69 points, or 0.16 percent, to close unofficially at 3,502.12. ...
Tuesday, May 21, 2013 21:11 |
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NANTERRE, France (AP) — A French drug company and its founder are on trial on charges of misleading the public about a diabetes drug marketed as a weight loss method and suspected in hundreds of deaths.
Tuesday, May 21, 2013 15:08 |
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By Dhanya Skariachan (Reuters) - Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world`s largest home improvement chain benefited from a nascent recovery in the U.S. housing market. The news on Tuesday boosted Home Depot shares by 3.9 percent to $79.75 in premarket trading. A bubble in the U.S. housing market was at the core of the 2007-2009 financial crisis. During the downturn, Home Depot`s sales at established stores fell more than 20 percent in such markets as Florida and California. ...
Tuesday, May 21, 2013 12:31 |
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BANGKOK (AP) — Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.
Tuesday, May 21, 2013 06:28 |
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BANGKOK (AP) — Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.
Tuesday, May 21, 2013 04:13 |
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The Dow and S&P 500 hit new records after comments from a Fed official raised hopes of stimulus continuing. Bernanke testifies in front of Congress Wednesday.
Tuesday, May 21, 2013 20:21 |
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By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp`s new chief executive, Brian Krzanich, has launched a sweeping company reorganization and created a unit aimed at growing its market share in future mobile technologies. The shakeup, announced internally just days after the 30-year veteran took the helm, places most of the main product groups of the world`s top chipmaker directly under the CEO`s supervision and hands its sprawling global manufacturing operation to new president Renee James, said a source close to the company, who declined to be identified. ...
Tuesday, May 21, 2013 19:51 |
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Investors cheered Apple CEO Tim Cook as he took questions from lawmakers on the company`s tax strategies.
Tuesday, May 21, 2013 19:49 |
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By Ethan Bilby BRUSSELS (Reuters) - The European Union is willing to deepen trade ties with China but wants to see concessions from Beijing first, documents seen by Reuters on Tuesday showed. At the same time as EU regulators are ramping up trade pressure on Beijing by threatening duties on solar panels and telecoms equipment, Brussels is dangling the carrot of trade agreements before the Chinese. ...
Tuesday, May 21, 2013 19:45 |
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