Archive for August, 2014

Alibaba earnings leap on cusp of stock market debut

August 27, 2014
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Just weeks ahead of its expected debut on the New York Stock Exchange, Chinese Internet colossus Alibaba reported that its quarterly profit nearly tripled on surging revenue.
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Wall Street drifts to another record in light trading

August 27, 2014
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By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks were little changed on Wednesday, with the S&P 500 creeping up to another record closing high in a lethargic session, though a number of retail stocks traded heavily after reporting results.
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US F-15 fighter crashes in Va.

August 27, 2014
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DEERFIELD, Va. (AP) — A sheriff’s dispatcher says officials believe a military jet has crashed in western Virginia, but there is no word on the condition of those onboard.
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Nine-year-old girl with Uzi accidentally kills gun instructor

August 27, 2014
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DOLAN SPRINGS, Ariz. (AP) — A 9-year-old girl accidentally killed an Arizona shooting instructor as he was showing her how to use an automatic Uzi, authorities said.
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Foxtons warning on slowdown overshadows special dividend

August 27, 2014
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LONDON (Reuters) – British property agent Foxtons said it expected to see a slowdown in the rate of transactions in the second half of the year, knocking its shares and overshadowing the payment of a special dividend.
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Europe stocks edge up, Wall Street seen slightly higher

August 27, 2014
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By Jamie McGeever LONDON (Reuters) – Euro zone government bond yields plumbed record lows on Wednesday and the euro fell to its weakest in a year against the dollar on expectations the European Central Bank will act soon to counter low growth and slowing inflation.
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British Filmmaker: Why My Stepbrother And Others Have Become Muslim Extremists

August 27, 2014
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Gaza cease-fire holds as sides weigh gains

August 27, 2014
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JERUSALEM (AP) — An open-ended cease-fire between Israel and Palestinian militants in the Gaza Strip was holding Wednesday, as many people on both sides of the conflict wondered what was gained during 50 days of fighting.
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South Africa’s Imperial full-year earnings down 7 pct, shares fall

August 27, 2014
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JOHANNESBURG (Reuters) – South African auto dealer and logistics group Imperial Holdings reported a 7 percent drop in full-year profit on Wednesday, as a weakening rand currency weighed on its auto importing business.
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Shenzhen exchange explores stock pipeline with Hong Kong -official

August 27, 2014
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(Adds official comments, context)
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