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Asian shares reverse losses, capped before Fed meeting
ReutersTOKYO (Reuters) - Asian shares eased on Tuesday as investors waited for Federal Reserve Chairman Ben Bernanke to clarify the U.S. central bank's plans for its stimulus program - with the mere suggestion of fine-tuning it enough to unnerve market...Tags: Strikes, Travel, Pension and Welfare, Jamie Dimon, Explosions
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Pope blesses leather-clad Harley bikers
ReutersROME (Reuters) - Hundreds of bikers took a break from hell-raising on Sunday to be blessed by Pope Francis. Wearing black boots, jackets and vests, the tattooed Harley-Davidson riders stuck out among the nuns, priests, school children and shorts-...Tags: Rome (Italy), Marketing, NYSE Euronext, Inc., The Pope, Harley-Davidson Inc.
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Currencies subdued as key event risk looms
ReutersTOKYO (Reuters) - The U.S. dollar hovered above a two-month low against the yen on Tuesday but struggled to extend gains on worries the U.S. Federal Reserve could hint at withdrawing stimulus and unsettle financial markets. The Australian dollar...Tags: Government, Economy, Business and Finance, Italy, National Government, Consumers
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Analysis: Fed-induced selloff has investors hunting for bargains
ReutersBy Luciana Lopez, Sam Forgione and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Since Ben Bernanke unleashed a bombshell on May 22 by suggesting the U.S. Federal Reserve could before long start to pull back on its massive monetary stimulus, big stock...Tags: Finance, Money and Monetary Policy, Central Bank, European Debt Crisis, Derivative Securities
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Are things getting better? Valley residents think so
For the first time in five years, Lehigh Valley residents are feeling better about the economy. It's not all sunshine and roses, but people are happier with their jobs and more satisfied with their incomes than at any time since the recession hit in...
Tags: Colleges and Universities, Economic Indicator, Elections, Politics, Emmaus
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GLOBAL MARKETS-Wall Street falls as dollar slumps versus yen
Reuters* Wall Street slips; world equity index heads for 4th weekly loss * Sentiment fragile ahead of Fed meeting next week * Dollar heads for worst week since early 2010 vs yen By Wanfeng Zhou NEW YORK, June 14 (Reuters) - U.S. stocks fell and the dollar...Tags: Money and Monetary Policy, S&P 500, Central Bank, Foreign Exchange Market, Nikkei
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Smithfield profit plunges on drop in exports
Reuters(Reuters) - Hog producer Smithfield Foods Inc , the subject of a $4.7 billion bid from China's Shuanghui International, posted a 63 percent fall in net profit as exports to China and Russia fell due issues related to a drug it uses to produce lean meat....Tags: China, Russia, Quarterly or Semiannual Financial Statements, Smithfield Foods, NYSE Euronext, Inc.
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JPMorgan's private equity unit to become independent
Reuters(Reuters) - JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses. One Equity Partners, which manages $4.5 billion of investments,...Tags: Finance, Economy, Business and Finance, Citigroup Incorporated, JPMorgan Chase & Co., Paul Volcker
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Sears Canada to close two high-profile stores, eyes third
ReutersTORONTO, June 14 (Reuters) - Hard-pressed department store chain Sears Canada Inc said on Friday it will close two high-profile Toronto area locations, selling back the leases for about C$191 million ($188 million), a move that lifted its shares as much...Tags: Target, Sears Holdings Corp., Toronto (Canada), Financial Markets, Toronto Stock Exchange
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Acciones EEUU caen por toma de ganancias y dato de confianza del consumidor
ReutersPor Angela Moon y Alison Griswold NUEVA YORK, 14 jun (Reuters) - Las acciones estadounidenses bajaban el viernes debido a tomas de ganancias de inversores un día después de que el S&P 500 registrara su segunda mejor sesión en el año y por un...Tags: S&P 500, JPMorgan Chase & Co., Nasdaq Composite
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Walter Energy refinancing pulled, shares drop
ReutersJune 14 (Reuters) - Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, sending the coal miner's shares lower. The Morgan Stanley-led deal was pulled because of market...Tags: NYSE Euronext, Inc., Morgan Stanley Dean Witter & Company
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June ABS deal pipeline continues to be robust as 11 deals price
ReutersBy Charles Williams NEW YORK, June 14 (IFR) - June is living up to its reputation as one of the busiest months of the year for ABS issuance -- 11 deals priced this week for about US$5.5bn. Added to the US$2.8bn priced in the first week of the month, the...Tags: Goldman Sachs Group, Inc., Economy, Business and Finance, Toledo Edison Company, AmeriCredit Corporation, Moody's Corporation
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