Archive for May, 2013

Wall Street ends up on optimism, Fed stimulus to remain

May 31, 2013
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By Angela Moon NEW YORK (Reuters) – Stocks rose on Thursday, rebounding from the previous session’s losses, as tepid economic data eased concerns the Federal Reserve would begin to gradually scale back its policy of stimulating growth.
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P&G to regroup products into four sectors – WSJ

May 31, 2013
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(Reuters) – Procter & Gamble Co is working to regroup its countless products and brands into four sectors, each led by a president reporting to chief executive A.G. Lafley, who returned to the helm last week, the Wall Street Journal reported.
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Tornadoes touch down in Oklahoma

May 31, 2013
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NORMAN, Okla. (AP) — At least two tornadoes touched down in Oklahoma Thursday as a powerful storm system moved through the state, but there were no immediate reports of any injuries, weather officials said.
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‘Kai the Hitchhiker’ to face murder charge

May 31, 2013
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ELIZABETH, N.J. (AP) — A man who gained Internet fame as Kai the Hatchet-Wielding Hitchhiker insisted he was not guilty of murder as he was led into a jail on Thursday following his extradition from Pennsylvania.
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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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