Archive for October, 2013

Morgan Stanley to seek Fed approval for more share buyback – WSJ

October 29, 2013
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REUTERS – Morgan Stanley plans to seek the U.S. Federal Reserve approval to widen the $500 million share buyback program cleared earlier this year, the Wall Street Journal reported, citing people familiar with the matter.
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Report: Millions won’t be able to keep insurance

October 29, 2013
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Before the Affordable Care Act became law in 2010, President Obama promised Americans they could keep their healthcare plan if they liked it. But already hundreds of thousands of citizens are receiving notification that their plans are being cancelled because they don’t comply with the new law, and, according to NBC News, the Obama...
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Has U.S. stopped all spying on allies? Top official says no

October 29, 2013
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A senior U.S. official late Monday disputed Senate Intelligence Committee chair Dianne Feinstein’s assertion that the United States has stopped all spying on allies.
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Apple’s results fail to excite ahead of holiday quarter

October 29, 2013
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By Bill Rigby REUTERS – Apple Inc’s profit and margins slid despite selling 33.8 million iPhones in its September quarter, prompting a brief but sharp selloff as disappointed investors cashed in some of the stock’s recent strong gains.
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Apple’s earnings fall despite rising iPhone sales

October 29, 2013
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SAN FRANCISCO (AP) — Apple’s quarterly earnings are still sagging even as sales of its iPhones are rising, a vexing phenomenon feeding investor worries about whether stiffer competition in the mobile device market will continue to undercut the company’s prosperity.
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Judge: Texas abortion limits unconstitutional

October 28, 2013
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AUSTIN, Texas (AP) — New abortion restrictions passed by the Texas Legislature are unconstitutional and will not take effect as scheduled on Tuesday, a federal judge has ruled.
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White House: NSA doesn’t spy on allies for economic warfare

October 28, 2013
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The White House denied on Monday that the National Security Agency’s widespread overseas spying is intended to give the U.S. an edge over allies who might also be economic competitors. But former Vice President Dick Cheney suggested to CNN that NSA snooping has been “enormously important” when it comes to “economic matters.” 
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Wall Street inches higher on Fed expectations; Apple up

October 28, 2013
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By Caroline Valetkevitch
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Stocks edge higher; S&P 500 climbs toward record

October 28, 2013
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NEW YORK (AP) — The Standard & Poor’s 500 index edged toward another record high close Monday as good news from J.C. Penney helped offset disappointing earnings from U.S. companies.
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Major storms smash Europe

October 28, 2013
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A major storm with hurricane-force gusts lashed southern Britain, the Netherlands and parts of France on Monday, knocking down trees, flooding low areas and causing travel chaos. Four deaths were reported.
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