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Market News

Location American Market News for 6 May 2014
(Reuters) - Credit Suisse Group AG (VTX:CSGN) is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person f...
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(Reuters) - Shares of Twitter Inc. fell more than 12 percent in morning trading on Tuesday after the expiration of a six-month "lock-up" period for early investors that had restricted the sale of about 82 percent of the ...
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(Reuters) - The Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers' orders are routed, executed and filled, according to ...
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Alibaba Files IPO in the U.S.

Wall Street Journal - 6 May 2014 23:09
Chinese Internet giant Alibaba Group Holding officially filed plans to offer its shares in the U.S., in what is expected to be one of the largest stock listings in history.
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Growth Versus Value With Markets At A Crossroads Fund managers have different strategies for navigating the ebbs and flows of investing.  For Value style investors, it all boils down to one main rule; “buy low, sell high.”  The phrase is often quoted, but often a...
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Alibaba Gold: Which Investors Stand To Cash In On The Massive Public Offering Alibaba filed its long-awaited public offering Tuesday, seeking to raise as much as $1 billion (a placeholder total) at a still unknown price. The Chinese Internet giant with $5.6 billion in annual sales should be the la...
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Chances are the Fed is going to be wrong again and miss the inflection point in the economy. I see it coming sooner rather than later.
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U.S. Stocks Close Down

Wall Street Journal - 6 May 2014 22:47
U.S. stocks closed broadly lower Tuesday, with declines concentrated in smaller, high-growth stocks and consumer Internet shares.
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Whole Foods Shares Sink On Rotten News Trifecta Whole Foods Market shares were down more than 10% in afterhours trading Tuesday after the grocer reported weak profits, slowing same store sales growth and a sharply lowered earnings outlook.
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9 ObamaCare-Agnostic Health Care Stocks

Forbes - 6 May 2014 22:26
9 ObamaCare-Agnostic Health Care Stocks HMOs look pretty cheap almost regardless of what happens with ObamaCare.
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EIA Raises Forecast for Natural-Gas Prices

Wall Street Journal - 6 May 2014 21:43
Natural gas will cost more this year, on average, than previously expected, government forecasters said Tuesday.
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HSBC Services PMI refects contraction, but sentiment remains high The business activity index improves in April to 48.5 from 47.5 in March
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On Sale Now: Hong Kong Apartments

Wall Street Journal - 6 May 2014 21:14
Hong Kong's once-sizzling property market has turned so frosty that developers have resorted to discounts.
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Sebi steps in after auditor flags related-party dealings at MCX Sebi is scrutinizing the legitimacy of PwC's audit on MCX, and the impact of the findings, if they are correct, on the MCX's public shareholders
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(Reuters) - Office Depot Inc (ODP.N) raised its forecast for full-year adjusted operating income and said it would close at least 400 stores in the United States over two years, sending the office supply retailer's share...
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Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co. Inc. discusses his experience during the Flash Crash on May 6, 2010, and what safeguards have been put in place in the stock market to...
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(Kitco News) - Gold prices ended the U.S. day session modestly lower Tuesday, on a corrective pullback from good gains scored Friday and Monday. The rally in the Euro currency and the slumping U.S. dollar index on Tuesd...
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I have just returned from Astana, Kazakhstan, where I have been attending the annual meeting of the Asian Development Bank. There is always a narrative that defines a meeting like this, a common theme that becomes more r...
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American International Group declared a dividend of $0.125 per share on AIG common stock, par value $2.50 per share. The dividend is payable on June 24, 2014, to stockholders of record at the close of business on Tuesday...
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(Kitco News) - Gold prices could be dragged higher Thursday by a stronger euro as the European Central Bank is expected leave interest rates unchanged following their monetary policy meeting, according to some analysts.
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Tuesday 5/6 Insider Buying Report: CHCO

Forbes - 6 May 2014 19:50
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
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We believe that the company's results could be weighed down by lower utilization rates on its fleet of ultra-deepwater rigs, although this could be partially offset by better cost management. During Q4 2013, the company'...
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