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 Latest Business and Finance News
Disappointing show by HBO, Turner drags down Time Warner [Reuters]
(Reuters) - Time Warner Inc reported a steeper-than-expected drop in quarterly revenue as subscripti ...Detail
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BlackBerry cuts 200 jobs in Ontario and Florida to trim costs  [Reuters] 06 Feb, 2016
TORONTO (Reuters) - BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphas ...
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Bridgewater's Dalio calls report about feud with Jensen overblown  [Reuters] 06 Feb, 2016
NEW YORK (Reuters) - Ray Dalio, founder of Bridgewater Associates LP, the world's largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown.
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Lawmakers nix bill linking tax breaks to Boeing jobs  [Reuters] 05 Feb, 2016
SEATTLE (Reuters) - Washington state lawmakers voted down a bill on Friday that would have linked billions of dollars in state tax breaks to Boeing Co employment levels.
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Argentina offers U.S. creditors $6.5 billion payment on defaulted debt  [Reuters] 05 Feb, 2016
NEW YORK/BUENOS AIRES (Reuters) - Argentina made a formal debt payment offer to U.S. creditors who hold its defaulted bonds on Friday, seeking to end a more than decade-long legal battle that transformed the South American country ...
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State lawmakers nix bill linking aerospace tax breaks to Boeing jobs  [Reuters] 05 Feb, 2016
SEATTLE (Reuters) - Washington state lawmakers voted down a bill on Friday that would have linked $8.9 billion in state aerospace industry tax breaks to Boeing Co employment levels.
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Mediator in Argentina's debt battle says to issue 'significant statement'  [Reuters] 05 Feb, 2016
NEW YORK/BUENOS AIRES (Reuters) - The mediator in Argentina's decade-long legal battle with creditors over unpaid debt said he would issue a "significant statement" later on Friday after presiding over a week of intense talks ...
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Leaders at Bridgewater Associates in apparent feud: WSJ  [Reuters] 05 Feb, 2016
NEW YORK (Reuters) - Two top executives at Bridgewater Associates LP, the world's largest hedge fund, want a dozen senior employees and stakeholders to vote on their character to help resolve an apparent dispute between them, ...
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Nasdaq ends at lowest level since October 2014  [Reuters] 05 Feb, 2016
(Reuters) - The Nasdaq closed at its lowest since October 2014 on Friday, leading a selloff on Wall Street following weak forecasts from technology companies including LinkedIn .
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Canadian love affair with Manhattan real estate seen unabated  [Reuters] 05 Feb, 2016
MONTREAL (Reuters) - Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said.
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New Jersey sues Volkswagen over excess diesel emissions  [Reuters] 05 Feb, 2016
(Reuters) - New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action.
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Nasdaq leads Wall Street lower in broad selloff  [Reuters] 05 Feb, 2016
NEW YORK (Reuters) - The Nasdaq Composite dropped 3.3 percent on Friday, leading a selloff on Wall Street that followed weak forecasts from companies including LinkedIn and worries about lofty valuations.
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UAW head says seeks to discuss small car output with Fiat Chrysler CEO  [Reuters] 05 Feb, 2016
DETROIT (Reuters) - The head of the United Auto Workers said on Friday he has asked Fiat Chrysler Chief Executive Sergio Marchionne for a meeting to discuss the company's plan to stop making two low-profit car models.
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LinkedIn shares dive more than 40 pct, $11 bln wiped out  [Reuters] 05 Feb, 2016
(Reuters) - LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far s ...
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Technology stocks fall, lead losses on Wall Street  [Reuters] 05 Feb, 2016
(Reuters) - The Nasdaq led a selloff on Wall Street following weak forecasts from technology companies, including LinkedIn , and worries about lofty valuations.
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Business services firms' shares bleed as LinkedIn, Tableau crash  [Reuters] 05 Feb, 2016
NEW YORK/SAN FRANCISCO (Reuters) - Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned trends they had previously banked on to drive growth.
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Technology stocks lead Wall Street selloff  [Reuters] 05 Feb, 2016
(Reuters) - U.S. stocks added to losses in late Friday trading, led by a 3-percent drop on the Nasdaq following weak forecasts from technology companies including LinkedIn .
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CFM jet engine sales top 2,150 in 2015 as growth booms  [Reuters] 05 Feb, 2016
(Reuters) - Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. It also said it produced 1,638 CFM56 engines in 2015.
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U.S. labor market on solid ground as jobless rate hits eight-year low  [Reuters] 05 Feb, 2016
WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor mark ...
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Volkswagen delays 2015 results, AGM as scandal effects unclear  [Reuters] 05 Feb, 2016
BERLIN (Reuters) - Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal.
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LinkedIn shares dive more than 40 percent, $11 billion wiped out  [Reuters] 05 Feb, 2016
(Reuters) - LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far s ...
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Tesoro to pay U.S. West Coast refinery workers $8 million: NLRB  [Reuters] 05 Feb, 2016
HOUSTON (Reuters) - Independent U.S. West Coast refiner Tesoro Corp has agreed to pay $8.08 million to 769 United Steelworkers union members at refineries in California and Washington state who were denied bonuses while on strike ...
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U.S. labor market firm as jobless rate hits eight-year low  [Reuters] 05 Feb, 2016
WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labor mar ...
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For Coke and Pepsi, Super Bowl is market share play  [Reuters] 05 Feb, 2016
SAN FRANCISCO (Reuters) - Coca-Cola Co , PepsiCo and other consumer-facing companies spending big bucks to advertise during Sunday's Super Bowl football extravaganza will be making a play for more market share to offset a slo ...
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Wall St. falls sharply after jobs data; tech stocks hit  [Reuters] 05 Feb, 2016
(Reuters) - Wall Street was sharply lower on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following w ...
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Market view of next U.S. rate hike shifts into 2016 after jobs data  [Reuters] 05 Feb, 2016
(Reuters) - The U.S. Federal Reserve is increasingly likely to raise interest rates this year, traders bet on Friday, as a long-awaited surge in wages finally materialized and the unemployment rate dropped to an eight-year low.
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Withdrawn: China data may put cat among global central bank doves  [Reuters] 05 Feb, 2016
LONDON (Reuters) - The Reuters story headlined "China data may put cat among global central bank doves" is incorrect and has been withdrawn. A replacement story will be moving shortly.
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Wall St. falls as jobs data keeps rate hike concerns alive  [Reuters] 05 Feb, 2016
(Reuters) - Wall Street was sharply lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year.
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VW delays 2015 results, AGM as scandal effects unclear  [Reuters] 05 Feb, 2016
BERLIN (Reuters) - Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal.
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China data may put cat among global central bank doves  [Reuters] 05 Feb, 2016
LONDON (Reuters) - Global markets have been in turmoil since the start of the year, with stocks and commodities prices reeling, eroding inflation and making central banks increasingly dovish - a trend that could continue with more ...
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Wall St. down as jobs report renews rate rise concerns  [Reuters] 05 Feb, 2016
(Reuters) - Wall Street opened lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year.
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