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Stocks fade on Wall Street, post their first weekly loss in a month
NEW YORK (AP) — Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a...Tags: Memorial Day, Stock Activities, Financial Markets, S&P 500, NASDAQ
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Exclusive: Malaysia tycoon plans IPO of football club Cardiff City - sources
ReutersKUALA LUMPUR (Reuters) - Malaysian billionaire Vincent Tan is exploring an IPO of British football team Cardiff City for as early as this year, people with knowledge of the matter told Reuters, in a deal that would follow the team's recent promotion to...Tags: Malaysia, Initial Public Offerings, Banking, Financial Markets, Manchester United F.C.
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EXCLUSIVE-Malaysia tycoon plans IPO of football club Cardiff City-sources
Reuters* Cardiff promoted to the Premier League, 1st time since 1962 * Kuala Lumpur No.4 in 2012 global IPO proceeds * Would follow Manchester United debut last year (Adds comment on prospects for the deal) By Yantoultra Ngui KUALA LUMPUR, May 24 (Reuters)...Tags: Malaysia, Initial Public Offerings, Banking, Financial Markets, Manchester United F.C.
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InterOil in talks with Exxon to develop Papua New Guinea assets
ReutersMay 24 (Reuters) - Liquefied natural gas producer InterOil Corp and its joint venture partner have entered into exclusive negotiations with Exxon Mobil Corp to develop gas fields in Papua New Guinea. The discussions include the possibility of an Exxon...Tags: Guinea, Exxon Mobil Corporation, InterOil Corporation, Papua New Guinea, Royal Dutch Shell Plc
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NextEra CFO criticizes exchange for earlier share drop
ReutersNEW YORK, May 23 (Reuters) - NextEra's chief financial officer criticized the New York Stock Exchange for the brief but sharp drop in its share price at the opening. "This is naturally a concern for all our shareholders and potential shareholders,"...Tags: Finance, Stock Market, Economy, Business and Finance
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Stocks end lower after bumpy trading day, investors reassess Fed worries, China economy
NEW YORK (AP) — Stocks are ending the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China....Tags: Stock Activities, Financial Markets, S&P 500, NASDAQ, Stock Market
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New J&J anti-depressant related to 'Special K' party drug
ReutersNEW BRUNSWICK, New Jersey (Reuters) - Johnson & Johnson said it plans to seek approvals for 11 new drugs by 2017, including a treatment for patients with depression who have failed to benefit from standard medications. The intranasal drug, called...Tags: Prescription Drugs, Topamax (drug), Japan, Suicidal Behavior, Hepatitis C
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NYSE says AEP, NextEra trades stand after crash at open
ReutersNEW YORK (Reuters) - All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp...Tags: U.S. Securities and Exchange Commission, Financial Markets, S&P 500, Anadarko Petroleum Corporation, Petroleum Industry
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Procter & Gamble brings back former CEO to fix company
Reuters(Reuters) - Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring. Lafley is taking on the roles of chairman, president and...Tags: JC Penney Company Inc., Productivity, Emerging Market, Mike Ullman, Corporate Officers
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REFILE-EXCLUSIVE-Malaysia tycoon plans IPO of football club Cardiff City-sources
Reuters(Adds dropped word "Exchange" in paragraph 2) KUALA LUMPUR, May 24 (Reuters) - Malaysian billionaire Vincent Tan is exploring an IPO of U.K football team Cardiff City as early as this year, people with knowledge of the matter told Reuters, in a deal that...Tags: Malaysia, Initial Public Offerings, Financial Markets, Manchester United F.C., Soccer
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ChannelAdvisor soars in debut
Reuters(Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. The company's shares opened up...Tags: Google Inc., Global Expansion, Initial Public Offerings, Consumer Goods Industries, E-Commerce Industry
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HP raises 2013 outlook as Whitman's plan takes hold
ReutersSAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...Tags: Thomson Corporation, Carl Icahn, Dell Inc., Computing and Information Technology Industry, Corporate Officers
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