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Market News

Location American Market News for 29 May 2013

Warren Buffett

Forbes - 29 May 2013 22:47
Warren Buffett Photos of the 400 Richest Americans
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The Grateful Grads Index: The Top 50 ROI Colleges Which private colleges offer the best returns? Grateful graduates let their money do the talking.
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How Net Interest Margins For The Country's Biggest Banks Stack Up Investors have expressed some serious concerns about the impact of shrinking net interest margins for the country's biggest banks on their value in the recent past - especially for banking giants Wells Fargo and U.S. Ban...
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(Kitco News) - Comex gold futures prices ended the U.S. day session moderately higher Wednesday, supported in part on short covering and a lower U.S. dollar index. Technically, the gold bulls are hanging tough. Also, the...
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Nasdaq fined $10m over Facebook IPO mistakes

Telegraph - 29 May 2013 19:42
Nasdaq fined $10m over Facebook IPO mistakes Nasdaq has agreed to pay $10m (£6.6m), the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year.
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FTSE 100 gives up gains

Telegraph - 29 May 2013 19:07
FTSE 100 gives up gains London's blue-chip index erased the 1.6pc rise it experienced on Tuesday
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Business news and markets: as it happened - May 29, 2013 The European Commission has warned that France's economic resilience is diminishing as it grants a raft of extensions for members to meet budget deficit targets.
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Pirelli puts its plan on hold to introduce new race tires at next month's Canadian Grand Prix.
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SEC Hits Nasdaq With Record $10M Fine Over Facebook IPO Fiasco Nasdaq OMX will settle with the SEC and pay a record $10 million fine over charges that it bungled Facebook's public offering last May.
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Miss WMB's $31 Secondary But Think It's A Deal At $23? Looking back to 168 days ago, Williams Cos Inc (NYSE: WMB) priced a 46,500,000 share secondary stock offering at $31.00 per share. Buyers in that offering made a considerable investment into the company, expecting that t...
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Miss Spectra Energy's $26.75 Offering But Think It's A Steal At $25? Looking back to 168 days ago, Spectra Energy Corp (NYSE: SE) priced a 12,800,000 share secondary stock offering at $26.75 per share. Buyers in that offering made a considerable investment into the company, expecting that...
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Miss QR Energy's $16.24 Secondary But Think It's A Buy At $15? Looking back to 173 days ago, QR Energy LP (NYSE: QRE) priced a 12,000,000 share secondary stock offering at $16.24 per share. Buyers in that offering made a considerable investment into the company, expecting that their...
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Miss Atlas Pipeline Partners' $34 Offering But Think It's A Steal At $23? Looking back to 42 days ago, Atlas Pipeline Partners LP (NYSE: APL) priced a 10,300,000 share secondary stock offering at $34.00 per share. Buyers in that offering made a considerable investment into the company, expecti...
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3 Stocks Ripe For Profit Taking

Forbes - 29 May 2013 16:44
3 Stocks Ripe For Profit Taking For the fifteenth straight Tuesday in a row, the Dow Industrials closed higher but it did give up half of its gains by the close. In fact, the Dow has been up every Tuesday this year except for January 8.
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As U.S. Yields Climb, EURO's Back Bends

Forbes - 29 May 2013 14:48
As U.S. Yields Climb, EURO's Back Bends The foreign exchange market has returned to rate watching as a primary source for currency direction. It's either a central bank rate announcement (Canada, Brazil, and Thailand) or the shape of a particular domestic yiel...
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Apple: Investors Just Shrug At CEO Cook's Promise Of More 'Game Changers' Even as Apple CEO Tim Cook found himself vowing yesterday to bring "several more game changers," his confidence seemed lost on investors.
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(Kitco News) - Comex gold futures prices are moderately higher in early U.S. trading Wednesday, supported in part on short covering and a lower U.S. dollar index. Comex June gold last traded up $12.00 at $1,390.90 an oun...
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Green Mountain Coffee Brews Big Turnaround With Starbucks' Help You may have thought that Starbucks would do everything in its power to crush Green Mountain Coffee and its remarkable growth rate, but Starbucks, the world's largest coffee retailer, recently signed an agreement with an...
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Business news and markets: live

Telegraph - 29 May 2013 09:38
Business news and markets: live China's growth forecast has been trimmed to 7.75pc by the International Monetary Fund, which expects a weak global economy to hit exports this year.
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Thailand Fights Too-Strong Baht

Wall Street Journal - 29 May 2013 05:08
Thailand risked becoming the latest front in the global currency war as signs mounted that it may soon introduce capital controls or cut interest rates to stem the strength of its currency and boost its flagging economy.
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Morgan Stanley Gears Up for Property Fund

Wall Street Journal - 29 May 2013 04:05
Morgan Stanley is trying to revive its flagship real-estate program after suffering huge losses during the financial crisis.
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Kors Strikes an Uneasy Pose on Growth

Wall Street Journal - 29 May 2013 02:47
Ahead of the Tape: The more a company like Michael Kors relies on volume over value, the closer the day that its brand loses much of its cachet.
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