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SEC to propose new short selling rule in weeks (19 August 11:31) |
| WASHINGTON (Reuters) - The top securities regulator plans to propose new short selling rules in the next few weeks.
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Out with EDGAR, in with IDEA; SEC's new system (19 August 11:25) |
| WASHINGTON (Reuters) - EDGAR, the computer database for filing documents with the U.S. Securities and Exchange Commission, is giving way to a new system that aims to let investors more easil... |
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Inflation heats up as home building slows (19 August 11:01) |
| WASHINGTON (Reuters) - U.S. wholesale prices shot up in July at the fastest annual rate in 27 years, while home builders cut back on construction as they worked through a glut of unsold home... |
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Barnes & Noble's online CEO resigns (19 August 10:57) |
| NEW YORK (Reuters) - Barnes & Noble Inc , the largest U.S. specialty bookseller, said on Tuesday the chief executive of its online business resigned.
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Financial fears, soaring inflation hit Wall St (19 August 10:11) |
| NEW YORK (Reuters) - Stocks fell more than 1 percent on Tuesday as financial shares declined on renewed credit worries and a report showed inflation is still a threat to the economy, despite... |
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Carlyle Chairman Gerstner to retire (19 August 09:49) |
| NEW YORK (Reuters) - Private equity firm Carlyle Group said on Tuesday its Chairman Louis Gerstner will retire and become a senior adviser to the company's buyout funds.
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Target quarterly profit drops 8 percent (19 August 07:43) |
| NEW YORK (Reuters) - Target Corp reported a nearly 8 percent drop in quarterly profit on Tuesday as shoppers passed over trendy clothes and home decor in favor of everyday necessities, hurt... |
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Fed's Fisher: Fed must be ready to act on inflation (19 August 07:37) |
| ASPEN, Colo. (Reuters) - The U.S. Federal Reserve must be ready to take action if slowing growth fails to curb inflation stemming from higher food and energy prices, one of its top policy-ma... |
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Saks loss wider, sees weakness in rest of year (19 August 07:23) |
| NEW YORK (Reuters) - Upscale retailer Saks Inc. posted a wider-than-expected quarterly loss on Tuesday, as even its well-to-do shoppers curbed spending as the economy weakens, and forecast ... |
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American Home to pay fraction of bankruptcy claims (19 August 07:12) |
| NEW YORK (Reuters) - American Home Mortgage Investment Corp , which was among the largest U.S. home loan providers before seeking bankruptcy protection a year ago, said it will pay unsecured... |
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Wall Street opens lower on economy, credit worries (19 August 07:05) |
| NEW YORK (Reuters) - Stocks fell at the open on Tuesday as government data showed underlying inflation is picking up speed and investors worried that the credit crisis was far from over.
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Inflation pressures mount; home building slows (19 August 07:03) |
| WASHINGTON (Reuters) - Wholesale prices shot up in July at the fastest year-on-year rate since 1981, while home builders cut back on construction as they worked through a glut of unsold home... |
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Home Depot beats estimates, keeps full-year view (19 August 06:49) |
| ATLANTA (Reuters) - Home Depot Inc, the world's largest home improvement retailer, reported higher-than-expected quarterly profit on Tuesday as it held down costs and consumers took on sprin... |
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Staples results hurt by tough conditions (19 August 05:53) |
| NEW YORK (Reuters) - Staples Inc , the U.S. office supply chain, said on Tuesday that tough market conditions hurt quarterly results and that its acquisition of Dutch rival Corporate Express... |
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Lehman faces loss, $4 billion writeoff: report (19 August 05:33) |
| (Reuters) - Lehman Brothers Holdings Inc may post a third-quarter loss and suffer about $4 billion in write downs, according to an analyst at J.P. Morgan Securities, who also said a sale of... |
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Lehman looking at asset management sale: sources (19 August 03:31) |
| NEW YORK (Reuters) - U.S. investment bank Lehman Brothers Holdings Inc is considering options, such as selling all or part of its asset management unit, with an aim of reaching a deal by the... |
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JPMorgan loses $1.5 billion since July (12 August 11:36) |
| (Reuters) - JPMorgan Chase & Co incurred losses of
about $1.5 billion for the quarter to date, as it continued to
be hurt by wider credit spreads, lower levels of liquidity, as
well ... |
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UBS to separate businesses after Q2 loss (12 August 11:12) |
| ZURICH (Reuters) - UBS AG will separate its business into three autonomous units, after it identified weaknesses in its integrated one-bank strategy, the embattled Swiss bank said on Tuesda... |
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Drugmakers protest plan on legal costs: report (12 August 10:41) |
| (Reuters) - Six leading drugmakers sent a letter Friday to U.S. accounting-rule lawmakers objecting to a proposed rule that would require companies to disclose estimate costs of all continui... |
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Wall Street gains as oil slips (12 August 05:42) |
| NEW YORK (Reuters) - Stocks rose on Monday as oil prices closed lower for a sixth day, improving prospects for consumer and business spending.
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Morgan Stanley eyes deal, N.Y. widens auction-rate probe (12 August 05:04) |
| NEW YORK (Reuters) - Morgan Stanley became the latest Wall Street investment bank to offer to reimburse buyers of auction-rate securities, as New York's attorney general sought settlement ta... |
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Wachovia boosts loss to $9.11 bln, cuts more jobs (12 August 04:32) |
| NEW YORK (Reuters) - Wachovia Corp increased its previously reported second-quarter loss to $9.11 billion to cover costs to settle a probe of auction-rate securities sales, and said it will ... |
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Countrywide faces FTC probe over loan servicing (12 August 04:07) |
| NEW YORK (Reuters) - Countrywide Financial Corp, which was the largest U.S. mortgage lender before being acquired by Bank of America Corp , faces a Federal Trade Commission probe into whethe... |
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Wall St's losses might give it a tax holiday: mayor (12 August 04:00) |
| NEW YORK (Reuters) - Some Wall Street companies might not resume paying New York City taxes for "a number of years" because they can offset future profits with the losses they are currently ... |
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U.S. judge dismisses Parmalat suit vs BoA, Citigroup (12 August 01:56) |
| NEW YORK (Reuters) - A U.S. District Court judge dismissed a class action lawsuit against Bank of America and Citigroup Inc on behalf of buyers of shares in Parmalat, the Italian dairy com... |
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Waste Management raises bid for Republic (11 August 09:57) |
| NEW YORK (Reuters) - Waste Management Inc, the largest U.S. trash hauler, raised its unsolicited takeover bid for rival Republic Services Inc by about 9 percent to $6.7 billion on Monday to ... |
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Energy stocks undervalued, rebound seen: Barron's (11 August 12:30) |
| NEW YORK (Reuters) - The sharp drop in oil and natural gas prices has produced an even sharper pullback in energy stocks, creating what may be one of the best buying opportunities in the sec... |
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Branson warns U.S. presidential candidates on BA/AA (10 August 10:56) |
| LONDON (Reuters) - Virgin Atlantic owner Sir Richard Branson on Sunday wrote to U.S. presidential candidates Barack Obama and John McCain warning that a link-up between British Airways and ... |
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Xstrata to raise 5 billion pounds for Lonmin bid: paper (10 August 10:52) |
| LONDON (Reuters) - Swiss-based miner Xstrata is looking to raise more than 5 billion pounds in order to forge ahead with its hostile $10 billion bid for South African rival Lonmin, the Sund... |
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SEC short-sale rule ending; market move debated (10 August 10:38) |
| WASHINGTON (Reuters) - Short trading in 19 major U.S.
financial stocks will revert to rules governing other shares on
Wednesday as a Securities and Exchange Commission experiment
against ... |
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Cheaper oil may lift stocks; CPI on tap (10 August 10:03) |
| NEW YORK (Reuters) - Wall Street may extend its push for recovery this week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth.
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Tech IPOs out of favor, may be for some time (10 August 09:38) |
| NEW YORK (Reuters) - Tech companies once dominated the U.S. IPO calendar -- but not anymore.
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Paulson says won't stay at Treasury past January (10 August 08:29) |
| WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said in an interview aired on Sunday he had no interest in staying in his post beyond January when a new administration takes off... |
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Iran, Algeria to discuss OPEC-style gas group: report (10 August 07:56) |
| TEHRAN (Reuters) - Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian President Abdelaziz Bouteflika to Tehran, Iran's ambassador to... |
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Google, Yahoo partially disclose terms of ad pact (10 August 07:22) |
| SAN FRANCISCO (Reuters) - Google Inc and Yahoo Inc released on Friday excerpts of a pact covering their search advertising partnership that keeps secret financial terms and the extent of oth... |
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Oil's plunge powers rally on Wall Street (09 August 02:13) |
| NEW YORK (Reuters) - U.S. stocks soared on Friday rounding out their best week in more than three months, as oil plunged below $115 a barrel, easing inflation concerns and improving prospect... |
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Market extends gains on services data (05 August 07:45) |
| NEW YORK (Reuters) - Stocks extended gains on Tuesday following a report that showed contraction in the vast U.S. services sector was less than expected in July and inflation pressures moder... |
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Service sector shrinks slightly in July: ISM (05 August 07:40) |
| NEW YORK (Reuters) - The service sector shrank slightly in July but by less than economists had expected, according to a report released on Tuesday, while inflation pressures moderated.
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Fed starts meeting, rates seen on hold (05 August 07:23) |
| WASHINGTON (Reuters) - The U.S. Federal Reserve Board began a one-day meeting on Tuesday expected to end with interest rates on hold as dismal housing markets and tight credit weigh on the e... |
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Molson Coors profit misses view (05 August 07:21) |
| NEW YORK (Reuters) - Molson Coors Brewing Co reported quarterly profit that missed Wall Street expectations on Tuesday, hurt by soaring energy and commodity costs and a higher tax rate, sen... |
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Dish Network again weighs DirecTV deal: report (05 August 07:16) |
| PHILADELPHIA (Reuters) - U.S. satellite-TV provider Dish Network Corp is weighing another attempt to merge with rival DirecTV Group Inc, The Wall Street Journal reported on Tuesday.
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Weyerhaeuser quarterly operating profit falls (05 August 07:06) |
| NEW YORK (Reuters) - Weyerhaeuser Co reported lower quarterly operating profit on Tuesday as the slump in the U.S. housing market hurt its real estate business and weakened demand for its l... |
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Lehman may sell entire investment management unit: report (05 August 06:17) |
| (Reuters) - CNBC reports Lehman Brothers Holdings Inc is considering selling its entire investment management business, including private equity and hedge fund stakes, rather than just its N... |
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P&G net up, sees commodity costs up $3 billion in FY09 (05 August 05:52) |
| CHICAGO (Reuters) - Procter & Gamble Co posted higher quarterly profit on Tuesday as price increases and cost controls more than offset soaring costs for oil and other commodities.
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SocGen Q2 net falls 63 pct, less than feared (05 August 05:36) |
| PARIS (Reuters) - France's Societe Generale posted a 63 percent fall in second-quarter net profit on Tuesday, hit by losses at its corporate and investment banking unit, but the results bea... |
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Freddie Mac chief disregarded warning signs: report (05 August 03:18) |
| (Reuters) - U.S. mortgage market giant Freddie Mac's chief executive dismissed internal warnings that could have protected the company from some of the financial problems now engulfing it, t... |
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Loss-making Alcatel-Lucent dumps CEO and chairman (29 July 07:41) |
| PARIS (Reuters) - Alcatel-Lucent ousted its chairman and chief executive on Tuesday and lowered profit expectations yet again -- further evidence that Asian rivals, Ericsson and Nortel are t... |
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Investor Pickens drops Yahoo shares: report (29 July 07:37) |
| NEW YORK (Reuters) - Billionaire oil investor T. Boone Pickens has sold his entire stake of Yahoo Inc shares in frustration over its failure to reach a deal with Microsoft Corp , the San Fr... |
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July consumer confidence rises from 16-year low (29 July 07:35) |
| NEW YORK (Reuters) - Consumer confidence crept higher in July from the previous month's 16-year low as worries over inflation receded slightly, the Conference Board said on Tuesday.
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Home prices fell at record pace in May: S&P (29 July 07:28) |
| NEW YORK (Reuters) - Prices of U.S. single-family homes plunged at a record pace in May from a year earlier, with each of the 20 regions monitored showing annual declines for a second month,... |
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