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AutoNation sees profit below Wall Street view
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Reuters - Car dealership group AutoNation Inc. on Friday forecast a first-quarter profit that was lower than Wall Street expectations.
Stock futures mixed, Google set to jump
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Reuters - Wall Street looked set for a mixed opening on Friday but technology shares were expected to rise after Google Inc. jumped after-hours as Standard & Poor's said it would be added to its benchmark S&P 500 Index.
European bourses poised for opening losses
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FT.com - European stock markets were expected to open slightly lower on Friday after losses on Wall Street, but support could come from a fresh wave of merger and acquisition activity.
American Stock Exchange mulls IPO - WSJ
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Reuters - The member-owned American Stock Exchange plans to become a for-profit company by next year, in preparation for possibly becoming a publicly traded company, the Wall Street Journal said on Thursday.
Dow Closes Up 82, Nasdaq Finishes Up 9
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AP - Stocks rose Wednesday on upbeat news from big companies: a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley and a cost-cutting deal between General Motors Corp., Delphi Corp. and the United Auto Workers. The gains were enough to push the Dow Jones industrial average to a new five-year high.
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Dow Ends Down 39, Nasdaq Ends Down 20
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AP - Stocks finished a volatile session lower Tuesday, with a conflicting report on wholesale inflation and questions about the Federal Reserve's interest rate policy creating uncertainty for investors.
Sources: YAHOO
Alternative energy attracting more investors
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Reuters - A perfect storm of high energy prices, government subsidies and renewed interest from Wall Street is boosting investment in wind, solar and other alternative energy projects, said fund managers and other experts on Monday at a conference on renewable energy.
Sources: YAHOO
Oracle Sees Q3 Profit Rise 42 Percent
AHN
Matthew Borghese - AHN Staff Writer New York, New York (AHN) - U.S. software giant, Oracle, reveals it had a much better quarter than Wall Street predicted, with profit up 42 percent. Oracle reports third quarter profit is up to $765 million, at the end of February, marking the largest rise...
Sources: AHN
Stocks Mixed, Current Rally Loses Momentum
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AP - Wall Street's four-day rally stalled Monday, with the major indexes mixed as investors weighed whether the Federal Reserve's string of interest rate hikes might actually be coming to an end.
Sources: YAHOO
Fed Speculation Fuels Wall Street Buying
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AP - Wall Street extended its rally into a fifth day Monday, rising modestly as investors speculated that the Federal Reserve's string of interest rate hikes might actually be coming to an end.
Sources: YAHOO
Michaels Stores considers selling itself off: WSJ
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Reuters - Michaels Stores Inc. , the largest arts-and-crafts retailer in the United States, is expected to announce strategic alternatives that could lead to sale of the company, the Wall Street Journal said on Monday.
Sources: YAHOO
St. Paul denies merger talks with Zurich Financial: WSJ
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Reuters - St. Paul Travelers Cos. on Sunday denied reports that it's been in merger discussions with Zurich Financial Services Group , according to a report in the online version of the Wall Street Journal.
Sources: YAHOO
Stocks may hit 5-yr highs on mild PPI
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Reuters - Wall Street will examine U.S. inflation data this week for any signal that an end to Federal Reserve interest-rate increases is in sight, and if it likes what it sees, stocks could climb to five-year highs.
Sources: YAHOO
GM loss hits credibility of management
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Reuters - General Motors Corp. disclosure of accounting errors and an additional $2 billion loss for 2005 on Friday deepened Wall Street doubts about the company's management and renewed questions about the automaker's long-term survival.
Sources: YAHOO
Stocks Higher on Upbeat Industrial Data
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AP - Stocks posted a modest advance Friday as a rebound in manufacturing activity and lower oil prices helped Wall Street look past disappointing earnings news from General Motors Corp. and American International Group Inc.
Sources: YAHOO
Mixed start tipped for Wall Street
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Reuters - Wall Street is poised for a mixed start to trade as investors take stock of the string of gains this week and look to glean indications on the health of the U.S. economy from the University of Michigan survey.
Sources: YAHOO
Paramount close to selling DreamWorks library: WSJ
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Reuters - Viacom Inc.'s Paramount Pictures is close to completing a $900 million deal to sell its DreamWorks film library to financier George Soros's investment fund, the Wall Street Journal said on Friday, citing sources familiar with the situation.
Sources: YAHOO
St. Paul and Zurich Financial discuss merger: WSJ
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Reuters - St. Paul Travelers Cos. is discussing the possibility of a merger with Zurich Financial Services of Switzerland in what could be one of the largest acquisitions by a U.S. company in Europe, the Wall Street Journal reported on Friday.
Sources: YAHOO
Bear Stearns Posts 1Q Profit, Fined $250M
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AP - Bear Stearns Cos. on Thursday became the third brokerage in as many days to post record first-quarter earnings and revenues, but the good news was overshadowed by old problems — illegal market timing practices that bilked mutual fund investors out of millions.
Sources: YAHOO
Barnes And Noble Reports Better-Than-Expected Earnings, Shares Up 10 Percent
AHN
Julie Farby - AHN Staff Writer Atlanta, GA (AHN)—Sending its shares up more than 10 percent, the No. 1 book retailer, Barnes & Noble Inc. reported better-than-expected fourth period profit and forecast earnings for the current quarter above Wall Street estimates. Bookseller Barnes...
Sources: AHN
Dow Closes Up 43, Nasdaq Finishes Down 12
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AP - Bullish data on inflation and the housing market sent stocks mostly higher Thursday, with the Dow Jones industrials and Standard & Poor's 500 index posting nearly five-year highs for the third straight session. A jump in oil prices moderated the gains, however, and the Nasdaq composite index finished lower.
Sources: YAHOO
Bear Stearns Posts 1Q Profit, Fined $250M
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AP - Bear Stearns Cos. on Thursday became the third brokerage in as many days to posted record first-quarter earnings and revenues, but the good news was overshadowed by old problems — illegal market timing practices that bilked mutual fund investors out of millions.
Sources: YAHOO
NYSE, SEC Fine Bear Stearns $250 Million
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AP - Bear Stearns Cos. said Thursday it was fined $250 million by the New York Stock Exchange and the Securities and Exchange Commission for fraudulent market timing and late trading of mutual funds.
Sources: YAHOO
Consumer prices barely budge in February
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Reuters - U.S. consumer prices rose a modest 0.1 percent last month, both overall and excluding food and energy, the government said on Thursday in a report showing even less inflation pressure than Wall Street expected.
Sources: YAHOO
Chrysler to cut employee health benefits: report
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Reuters - DaimlerChrysler's (DCXGn.DE) Chrysler Group is expected to announce a cut in health-care benefits for its salaried employees, the Wall Street Journal reported on Wednesday.
Sources: YAHOO
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