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Market News

Location American Market News for 16 May 2013

Forbes Earnings Preview: Urban Outfitters

Forbes - 16 May 2013 23:05
Analysts expect higher profit for Urban Outfitters (URBN) when the company reports its first quarter results on Monday, May 20, 2013. The consensus estimate is calling for profit of 29 cents a share, reflecting a rise fr...
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Forbes Earnings Preview: Campbell Soup

Forbes - 16 May 2013 23:05
Campbell Soup (CPB) reports its third quarter earnings on Monday, May 20, 2013.
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Snuff the SEC

Forbes - 16 May 2013 22:03
Snuff the SEC If regulation-hating conservatives were serious about shrinking government, they should go whole hog and press for the elimination of the Securities and Exchange Commission (SEC).
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Wall Street Gets A Taste Of Its Own Medicine In Bloomberg Terminal Scandal What's wrong with using information at your disposal to gain an edge on the competition? If you work on Wall Street then not much. If you're writing about Wall Street then it appears to be a problem.
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U.S. Joins Global Recovery In Gold Jewelry Demand The amount of gold used for the fabrication of jewelry worldwide increased by 12% year-over-year to 551 metric tons for the first quarter of 2013, worth a record value of $28.9 billion, according to a World Gold Council ...
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Gold: Power and Allure, 4,500 Years of Gold Treasures from Across Britain Gold exhibition at the Goldsmiths' Hall in London
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(Kitco News) - Right when it looked like gold might be on the ropes again, the metal got a reprieve Thursday when a slew of U.S. economic reports came out weaker than forecast, putting the dollar back under pressure and ...
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Mario Through The Ages

Forbes - 16 May 2013 18:41
Mario Through The Ages Nintendo's iconic hero plumber has appeared in over 200 video games since his 1981 debut.
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The latest App Annie report on 1Q 2013 mobile game trends is provocative reading. The consumer tablet installed base (160 M) is about to overtake the gaming-optimized handheld installed base (200 M). It is no shock that ...
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Hunting Big Game (And Gains)

Forbes - 16 May 2013 18:29
When people hear "hedge fund" or "alternative investments," many conjure up exotic strategies aimed at amazingly high returns. Well, as Porgy would say, it ain't necessarily so. As discussed in earlier columns, some alte...
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Legendary F1 partners to be reunited

CNN - 16 May 2013 17:00
Japanese car manufacturer Honda is returning to Formula One in 2015 as an engine partner with British racing team McLaren, a deal which will renew one of the most successful partnerships in motorsport's elite class.
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Apple's Most Notable Acquisitions

Forbes - 16 May 2013 15:32
Apple's Most Notable Acquisitions From Siri to NeXT, retracing Apple's biggest acquisitions over the years.
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Google Now Recovers Apple's Siri Fumble

Forbes - 16 May 2013 15:32
Google Now Recovers Apple's Siri Fumble When Apple first announced iPhone 4S, there was a nice surprise in it called Siri. Siri is a virtual intelligent voice assistant. Siri caught the imagination of the masses. iPhone 4S sales took off. Analysts had to scram...
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The Dollar - Is It The Best Of A Bad Lot?

Forbes - 16 May 2013 15:00
The Dollar - Is It The Best Of A Bad Lot? Is the U.S. dollar really the best of a bad lot? Even disappointing Producer Price Index (PPI) and manufacturing data released yesterday suggests that the U.S. recovery is somewhat uneven. Regardless, it has not been abl...
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(Kitco News) - Gold is in the spotlight of the world market place Thursday as prices are again posting solid losses in early U.S. trading. Gold has been dropping for the past week and hit a four-week low Thursday. June g...
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As Baht Rises, Thai Tycoons Spend

Wall Street Journal - 16 May 2013 05:16
Fifteen years ago, Thailand and other Asian countries let their currencies slide, using cheap exports to help lift them out of a devastating economic slump. Today, Thailand's currency is soaring, and some of its tycoons ...
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It May Be Time to Return to J.C. Penney

Wall Street Journal - 16 May 2013 02:21
The return of coupons and promotions came too late to salvage sales for the fiscal-first-quarter results J.C. Penney will unveil Thursday, but better days may be ahead for the shares.
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R.P. Martin Fires Broker

Wall Street Journal - 16 May 2013 01:56
The London broker is at the center of a world-wide investigation into the alleged rigging of interest rates by banks.
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Einhorn Was Adding To Apple While Waiting For Tim Cook To Follow His Advice In February, David Einhorn called on Apple's board to leverage up the company's pristine balance sheet and return some of its massive cash hoard to shareholders. His prescription for preferred shares called iPrefs would ...
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