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macy macon

KKR Takes 63 Percent of Australian Healthcare Firm GenesisCare - 0 views

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    "Leveraged buyout firm Kohlberg Kravis Roberts has agreed to take a 63 percent stake in Australia's GenesisCare for an undisclosed sum. "
macy macon

H&R Block Q4 Income Slips 11 Percent on Lower Revenue - 0 views

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    "Tax prep specialist H&R Block Inc late Tuesday said its fiscal fourth quarter earnings fell 11 percent from last year, owing to restructuring costs and store closures. "
macy macon

ServiceNow (NOW) Gains 37 Percent on IPO - 0 views

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    "The best IPO this week was that of cloud service provider, ServiceNow, which gained 37 percent on its debut on Friday. Its stock closed at $24.60 a share on the New York Stock Exchange, up from its IPO price of $18. "
macy macon

Decline of 11 Percent in Foreclosure Filings in First Half of Year - 0 views

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    "The number of foreclosures in the first half of the year dropped by 11 percent. Bank repossessions also led to overall foreclosure activity dropping in the second quarter because of a dip in bank repossessions. "
macy macon

Credit Suisse (CS) Confident of Reporting Profit in Second Quarter - 0 views

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    "Credit Suisse Group AG said that it is confident that it will report a profit for the group and all divisions for the second quarter. The bank's shares jumped as much as 4.8 percent in Swiss trading, and rose 2.9 percent to 17.06 francs by 9:55 am local time. "
macy macon

David Jones Confirms Withdrawal of Bid by UK Firm - 0 views

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    "A takeover bid of A$1.7 billion ($1.74 billion) by a virtually unknown UK-based private equity fund for acquiring David Jones, Australia's second largest department store chain, has been withdrawn. After surging 15 percent, its shares slipped back 8.5 percent. "
macy macon

Penney Announces 350 Job Cuts at Plano Headquarters | ~~~Global News World~~~ - 0 views

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    "Another round of 350 job cuts has been announced by J.C. Penney, reducing the headquarters workforce by nearly 30 percent. Penney's shares dropped nearly 8 percent Tuesday, showing that investors have lost faith in its new strategy. As J.C. Penney Co is struggling with a transformation, the workers of the department store chain are feeling the heat as its new CEO announced Tuesday another round of job cuts at its headquarters in Plano, Texas."
macy macon

Intel to Acquire 15 Percent Stake in ASML for USD4.1 Billion - 0 views

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    "Intel Corp has decided to invest $4.1 million to acquire 15 percent stake in Dutch chip-equipment maker ASML Holding NV with the intention of reducing the time needed to adopt new production techniques by two years."
macy macon

Qatar Holding Asks for Higher Xstrata Price From Glencore - 0 views

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    "Glencore International Plc's 16.9 billion pound ($26.4 billion) bid for the rest of Xstrata Plc was opposed by the Qatar Holding LLC, the second-largest shareholder in Xstrata asking for the bid to be increased by 16 percent."
macy macon

Best Buy (BBY) Founder Considering to take Retailer Private - 0 views

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    "Richard Schulze, the founder of Best Buy, is trying to take the struggling electronics retailer private by working out a bid for the purpose. He is negotiating with Credit Suisse bankers to put up the bid. He is the retailer's largest shareholder with a stake of 20.1 percent. "
macy macon

Pinterest Now Third Most Popular Social Networking Site - 0 views

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    "Almost out of nowhere, Pinterest has emerged as the third most popular social networking site in February. The traffic on this site increased 50 percent from January to February this year. "
macy macon

Standard Chartered Forecasts High Single-Digit Revenue Growth - 0 views

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    "Standard Chartered has forecast that it may achieve high single-digit revenue growth in the first half and maintain its targets for the full year. It said revenue from markets including China, Indonesia and Malaysia is expected to grow by 10 percent or more."
macy macon

Japan's Industrial Output Drops to Lowest Level Since 2011 Earthquake - 0 views

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    "Japan's industrial output dropped to its lowest level since the March 2011 earthquake, down 3.1 percent in May from the previous month. Automobile output was limited by weakness in European demand."
macy macon

Nike (NKE) Fiscal Q4 Net Drops Below Expectations Amid Higher Costs - 0 views

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    "Nike's earnings in the fiscal fourth quarter dropped 7.6 percent missing Wall Street expectations as a result of weaker gross margins and higher marketing costs tied to product launches and two key global sporting events."
macy macon

RIM Puts New BlackBerry Launch on Hold as Sales Crumble - 0 views

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    "The pioneer of the mobile email, RIM is passing through a difficult period as it has postponed the make-or-break launch of its next-generation BlackBerry phones until next year. It shares slumped 14 percent at $7.86."
macy macon

Consumer Spending in US Drops in May - 0 views

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    "The US economy is cooling off, which is evident from the government data released on Friday that showed consumers spent less in May and increased their savings. Personal spending dropped less than 0.1 percent in May, which represented the first decline since last November. "
macy macon

Memories of 1988 Crop Losses Return with US Drought - 0 views

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    "The field conditions have been hot and dry from early spring similar to what happened 24 years ago leading to significant crop losses. The US corn prices have risen 17 percent this month due to the drought and over concerns that crop losses will badly impact the United States. "
macy macon

Germany's Linde Agrees to Buy Lincare (LNCR) for USD4.6 billion - 0 views

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    "German industrial gas producer Linde AG announced Sunday that it will acquire Lincare Holdings Inc, a Florida-based provider of oxygen and respiratory therapy services to patients in the home, for $4.6 billion, to take advantage of the potential growth rate of 6 to 9 percent annually in the home care market."
macy macon

Australian Dollar near Record High Against Euro - 0 views

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    "The Australian dollar reached a level which was just 0.6 percent less than a record high against the euro just before the European Central Bank and Bank of England are scheduled to meet to discuss ways to provide economic stimulus for boosting demand for currencies tied to growth. "
macy macon

VW to Mop up Balance Stake in Porsche for USD5.6 Billion | ~~~Global News World~~~ - 0 views

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    "Volkswagen has acquired the 50.1 percent stake in Porsche that it does not own already, for $5.6 billion. It had to reach an agreement with the German tax authorities before it could proceed with the transaction."
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