Archive for May 21st, 2013

Wall Street to drift near record high, eyes on Fed

May 21, 2013
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By Rodrigo Campos NEW YORK (Reuters) – Stocks were set to open little changed on Tuesday after the S&P 500 hit yet another intraday record in the previous session, with markets expected to drift sideways ahead of Congressional testimony from Fed chairman Ben Bernanke on Wednesday.
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Royal Mail profit soars before privatisation

May 21, 2013
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By Neil Maidment LONDON (Reuters) – Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year.
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Monster Oklahoma tornado kills at least 51

May 21, 2013
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MOORE, Okla. (AP) — Spotlights bore down on massive piles of shredded cinder block, insulation and metal as crews worked through the night lifting bricks and parts of collapsed walls where a monstrous tornado barreled through the Oklahoma City suburbs, demolishing an elementary school and reducing homes to piles of splintered wood. At least...
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Images of Oklahoma tornado devastation

May 21, 2013
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Massive tornado roars through Oklahoma City suburb
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Goldman exits China’s ICBC, seven years and billions later

May 21, 2013
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By Fiona Lau and Elzio Barreto
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U.S. asks judge to deny S&P’s motion to dismiss fraud lawsuit

May 21, 2013
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(Reuters) – The Justice Department on Monday asked a federal judge to deny Standard & Poor’s motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere “puffery”.
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Residents, rescuers dig out after tornado

May 21, 2013
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Residents, rescuers dig out after tornado

A woman carries a child through a tornado-ravaged neighborhood in Moore, Okla., May 20, 2013. (Sue Ogrocki/AP)
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Death toll at least 51 in Oklahoma tornado

May 21, 2013
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(Reuters) – The death toll from a huge tornado that struck Moore, Oklahoma on Monday rose to 51, the state medical examiner‘s office said.
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Nikkei slips from 5-1/2 year high on stall in yen weakness

May 21, 2013
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TOKYO (Reuters) – Japan‘s Nikkei share average eased from a 5-1/2-year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke’s testimony.
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Small company stock are a bright spot

May 21, 2013
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NEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
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