Archive for May 30th, 2013

Stocks rise as lackluster reports ease Fed concern

May 30, 2013
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NEW YORK (AP) — The stock market rose Thursday after a pair of lackluster economic reports raised expectations that the Federal Reserve will continue to boost the economy with its stimulus program.
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Guess forecasts strong sales this quarter; shares rise

May 30, 2013
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(Reuters) – Apparel retailer Guess Inc reported a higher-than-expected quarterly profit and forecast second-quarter sales above Wall Street‘s estimates.
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Suspicious letter sent to Obama

May 30, 2013
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Suspicious letter sent to Obama

President Barack Obama (Jason Reed/Reuters)A letter addressed to President Barack Obama that might have been contaminated with ricin was intercepted by authorities on Thursday, the Secret Service confirmed. The letter holds similarities to mail sent to New York City Mayor Michael Bloomberg that tested positive for the deadly toxin.
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OSU president Gee jabs at ‘those damn Catholics’

May 30, 2013
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COLUMBUS, Ohio (AP) — The president of Ohio State University said Notre Dame was never invited to join the Big Ten because the university’s priests are not good partners, joking that “those damn Catholics” can’t be trusted, according to a recording of a meeting he attended late last year.
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Wall Street, euro zone shares rise, dollar weaker

May 30, 2013
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By Ellen Freilich NEW YORK (Reuters) – U.S. stocks opened higher on Thursday despite a rise in new U.S. jobless claims and improved euro zone confidence data lifted European shares and the euro after another five percent dive in Japan‘s Nikkei share index.
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Stocks edge higher; utilities lead gains

May 30, 2013
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NEW YORK (AP) — Utilities stocks led an early advance on Wall Street Thursday after Berkshire Hathaway‘s MidAmerican Energy agreed to buy NV Energy, a Nevada-based electric and natural gas company, for $5.6 billion.
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With drones everywhere, what’s private?

May 30, 2013
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With drones everywhere, what’s private?

UK police officers use a remote control drone fitted with a TV camera to help combat potential …ATLANTA—Earlier this month, a woman in the Capitol Hill neighborhood of Seattle noticed a small camera-equipped drone buzzing around outside the third-floor window of her home. She sent her husband out to tell the man operating the small...
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Special prosecutor for I.R.S. flap? 3 of 4 Americans say yes

May 30, 2013
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Special prosecutor for I.R.S. flap? 3 of 4 Americans say yes

President Barack Obama speaks at a fundraiser for the Democratic Congressional Campaign Committee at the Chicago … By an overwhelming 4-1 margin, Americans say they want a special prosecutor to look into charges that the Internal Revenue Service improperly targeted conservative groups, according to a Quinnipiac University poll released Thursday.
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News Corp to delist from London Stock Exchange

May 30, 2013
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REUTERS – Rupert Murdoch‘s News Corp said it will cancel its listing on the London Stock Exchange (LSE) , citing low levels of trading volume.
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Banks, traders back new Nasdaq derivatives market

May 30, 2013
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LONDON (Reuters) – Key banks, brokerages and high-frequency trading firms are backing a new London derivatives market set up by Nasdaq OMX , which the exchange is launching to shake up competition in trading European interest-rate products.
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