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Business News

Location American Business News for 27 May 2015
Today's Top 5 Stock Picks: Safe REITs Yielding 5% Joel Beam of Forward Select Income likes the safety and steady payout of preferred shares.
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Orbitz shareholders approve $1.3B deal to sell to Expedia

Chicago Tribune - 27 May 2015 19:30
Orbitz shareholders approve $1.3B deal to sell to Expedia Orbitz's shareholders have approved a takeover by rival Expedia, Orbitz said Wednesday.
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There are three important lessons for businesses to be learned from the current episode.
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Republicans rip the Clintons for their 'secret shell company' The GOP pounced on an Associated Press report published on Tuesday that revealed former President Bill Clinton had a pass-through, or shell, company that was reportedly "designed to channel payments to the former preside...
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China's yuan 'no longer undervalued': IMF After years of being criticized for keeping its currency low, the IMF has declared that the yuan is "no longer undervalued."
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Charter seeks size, influence in TWC deal

USA Today - 27 May 2015 01:17
Charter seeks size, influence in TWC deal Charter's quest for size and market influence drives the $55 billion deal to buy Time Warner Cable.          
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Deutsche Bank to pay $55M fine to settle claims of hidden losses It's no "London Whale" -- but it might be a Frankfurt minnow. Deutsche Bank, once one of Wall Street's most fearsome derivatives shops, will pay a $55 million fine to...
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Byron Wien: The Stock Market's Next Phase

Barron's - 27 May 2015 23:46
Byron Wien: The Stock Market's Next Phase The Wall Street vet argues that the next leg up will be powered by fundamentals, not the Fed.
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Fairway looks to grow by shrinking store size

New York Post - 27 May 2015 20:47
Fairway looks to grow by shrinking store size Fairway Market's answer to five straight years of losses is to shrink the size of its stores. The 15-store New York grocer will be opening smaller outlets from now on...
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Shake Shack is getting smoked again (SHAK)

Business Insider - 27 May 2015 17:12
Shake Shack is getting smoked again (SHAK) Shake Shack shares are getting crushed again. Shares fell more than 9% in morning trading on Wednesday after falling more than 6% on Tuesday. The stock fell to as low as $77.15 per share today. It's up 69% from the IPO....
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NEW YORK (The Street) -- With better-than-expected results coming in from Salesforce.com , there appears to be no slowing down in the fast-growing cloud and Big Data solutions markets. Although Splunk , whose shares are...
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Meet The Richest: Self-Made American Women

Forbes - 27 May 2015 15:30
Meet The Richest: Self-Made American Women For the first time, FORBES ranks the 50 richest female entrepreneurs in America.
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Sensex ends flat as rate-cut hopes offset earnings disappointment The Sensex closed 0.12%, or 33.25 points, higher at 27,564.66, while the Nifty closed down 0.06%, or 4.75 points, lower at 8,334.60
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At 24, This Recent College Grad Became the CEO of Her Father's Company and Hasn't Looked Back Since The inspiring story of Amanda Holmes illustrates that there are plenty of Millennials who are ready, willing and able to take the reins of established companies.
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Microsoft Fiscal Year Ending With a Roar

Barron's - 27 May 2015 12:09
Microsoft Fiscal Year Ending With a Roar The software giant is demonstrating a renewed financial discipline and is set for growth in the core businesses.
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You can help cover the costs of college for you grandchild, but do it in a tax-smart way, writes Bill Bischoff.
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Join Mint's market experts on the daily Live Markets chat Interact with our experts from 12pm to 1pm every weekday to figure out what's moving the markets
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There has been a clear increase in interest and property viewings across Scotland from local, national and international buyers, according to an independent consultancy. The traditionally busy spring period has been foll...
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U.S. authorities are preparing to unveil a criminal indictment against officials of soccer's international governing body that will detail allegations of widespread corruption, reports The Wall Street Journal.
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Why EMC's $1.2B Virtustream purchase could be a big deal in the cloud market EMC has a chance to land a strong position in the growing cloud infrastructure market.
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Solar as fastest growing US power source rivals shale boom Solar power capacity in the US has jumped 20-fold since 2008 as companies including Apple use it to reduce their carbon footprint
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Things to watch in the markets today

livemint.com - 27 May 2015 04:32
Things to watch in the markets today Asian markets were trading in the red, following weak cues from the US
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