Latest Breaking Business News
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Home Depot Main Streets Housing Recovery Helps Impress Wall Street
Wall Street 's predictions. So good were the figures that Home Depot raised its forecast for the year. Looking ahead, Home Depot expects to make $3.52 a share in 2013, up from an earlier forecast of $3.37 a share. Sales should increase by 2.8%, the company says, again more than the previous forecast of 2%. Given that Home Depot favors conservative guidance, those numbers could easily be ...
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Coca-Colas Frank Statement a Slick Move to Stave Off Regulation
new PR blitz complete with full-page ads, press events and appearances on TV news programs, all aimed at showing the world that Coke folks are good corporate citizens that care--really care--about the global epidemic of diabetes, obesity and related chronic health problems. Yes, the company seems to be saying, we understand there's a problem and we're willing and eager to do our part. ...
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Embraer shares jump after SkyWest contract for up to 200 jets
EMBR3.SA ), the world's third-largest commercial planemaker, jumped on Tuesday after the company announced a deal with regional airline group SkyWest Inc ...
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Ireland rejects blame for Apples low tax rate
1 of 3. Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland in this October 6, 2011 file ...
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Sprint raises Clearwire offer not enough for some
Clearwire shares almost immediately traded at the new offer price, having consistently traded well above the old $2.97-per-share bid. As recently as last week, analysts and investors said the deal was unlikely to be approved unless Sprint raised its bid ...
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JPMorgans Dimon looks set to remain chairman after battle
JPMorgan Chase & Co CEO Jamie Dimon testifies before the House Financial Services hearing on ''Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss'' on Capitol Hill in Washington June 19, ...
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AutoZone profit beats as long winter leads to more repairs
AZO.N ), the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as U.S. customers undertook car repairs after a prolonged ...
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US stocks rise on strong Home Depot result
US stocks have opened higher following a positive earnings report by Dow member The Home Depot, which cited the strong recovery in the housing ...
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Dick’s earnings rise 13 percent but sales disappoint
The Findlay retailer's sales rose 4 percent to $1.3 billion from $1.28 billion. The company was "not pleased" with the sales results, said CEO Edward Stack in a ...
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Swiss SNB Must Stick To EURCHF Floor for Now IMF Says
The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows could again push the Swiss franc higher, reinforcing that trend and putting the country's exporters under further pressure, the International Monetary Fund said in its latest report Tuesday."The conditions to exit its floor ...
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Brazil Stocks Open Mixed as Embraer Climbs HRT Plunges
Brazilian stocks opened flat on Tuesday as aircraft maker Embraer jumped on one of the largest plane orders in its history, while shares of oil company HRT Participacoes em Petroleo plunged on disappointing finds at a Namibian oil well.The Ibovespa index of most-traded stocks opened at 55704, almost in line with Monday's close of 55701 points.Embraer climbed 3.9% to 19.65 reais ($9.62) ...
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OTP Plans to Buy Credigen Bank - Report
OTP Bank Nyrt. (OTP.BU), Hungary's largest bank both by market share and assets, is planning to purchase Credigen Bank Zrt., owned indirectly by French bank Credit Agricole S.A. (ACA.FR), Hungarian online business news agency Portfolio said Tuesday, citing unnamed sources.OTP Bank declined to immediately comment on the report.OTP Chairman and Chief Executive Sandor Csanyi said at the annual ...
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Philip Morris to Buy Grupo Carsos 20 Stake in Mexico Unit for $700 Million
Philip Morris International Inc. (PM) has agreed to buy Grupo Carso SAB's (GPOVY, GCARSO.MX) 20% stake in its Mexico tobacco business for about $700 million, giving the tobacco company complete ownership of its Mexican unit."We have benefited greatly from our partnership with Grupo Carso and we remain confident in our ability to excel in this important market in the years ahead," ...
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5.21.13 Banks need ‘strong line of defense’ against low rates says OSFI chief
Julie Dickson, Canada's banking regulator, said the current period of low interest rates threatens to increase risks for the country's lenders, and it has become an issue she's closely monitoring. Bank regulation and ...
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Sustained low rates raise risks for Canada’s banks OSFI’s Dickson
Julie Dickson, Canada's banking regulator, said the current period of low interest rates threatens to increase risks for the country's lenders, and it has become an issue she's closely monitoring. Bank regulation and supervision needs to be a "strong line of defense" against the consequences of sustained low interest rates, which could include falling margins and ...
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CP Rail rushes to contain oil leak after train derails in Saskatchewan
Canadian Pacific Railway Ltd. is trying to contain a leak of crude oil after another one of its trains derailed in Saskatchewan Monday. The news comes after another train collision at the railway over the weekend in one of its yards east of Medicine Hat, Alberta. Ed Greenberg, CP spokesman, said the derailment Monday occurred near the village of Jansen, about 150 kilometres east of Saskatoon. ...
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How to organize your job hunt
(MoneyWatch) Job hunting is a difficult task, but if you're not naturally inclined towards organization, it can make it all the more complicated. Fortunately, organizational experts exist and can help. I spoke with Deanne Kelleher, founder and president ...
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Kate and Will Nurseries fit for royalty
and Kate Middleton , otherwise known as the Duchess of Cambridge, are counting the days until their bundle of joy arrives in July. And like many parents, they're probably spending some time decorating the royal nursery. Or at least they're hiring world famous interior designers and decorators to do it. While we may never get a peek inside the royal nursery, there are plenty of homes ...
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European shares erase losses after Wall St open
LONDON | Tue May 21, 2013 10:05am EDT LONDON May 21 (Reuters) - European shares reversed earlier losses to trade flat on Tuesday, taking heart from solid opening gains on Wall Street. The FTSEurofirst 300 was flat at 1,251.59 points at 1400 GMT , recovering from a session low of 1,243.96 after U.S. stock markets shrugged off concerns about a possible end to the Federal Reserve's ...
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Shell says hunt for new CEO is underway
By Andrew CallusTHE HAGUE (Reuters) - The hunt for Royal Dutch Shell's next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group's annual shareholder meeting.Voser announced his surprise decision three weeks ago to step down in the first half of 2014, before his 56th birthday, and less than five years ...
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Minnesota farmers plant 70 percent of corn crop
ST. PAUL, Minn. - Favorable weather has helped Minnesota farmers catch up from a late start to get 70 percent of their corn crop planted. The U.S. Department of Agriculture's weekly crops and weather report for Minnesota says warm, dry weather gave farmers their best week for fieldwork yet this season. Statewide, an average of 5.1 days were suitable for fieldwork last week. That let corn ...
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Sneak peek at Exxon Mobils new campus
A view of the new Exxon Mobil campus under construction south of the Woodlands. Construction is underway on nearly 20 buildings at Exxon Mobil Corp.s (NYSE: XOM) 385-acre campus in north Houston, one of the largest construction projects in the U.S. The buildings are in various phases of construction, and every day more than 3,000 workers are on the site, which is on land Exxon owns, the company ...
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Currencies Dollar higher as traders await Fed speakers
NEW YORK (MarketWatch) -- The U.S. dollar gained ground versus most major rivals Tuesday, with investors awaiting remarks from a pair of Federal Reserve policy makers a day ahead of congressional testimony by Fed Chairman Ben ...
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Market Snapshot U.S. stocks rise with Fed speakers on tap
NEW YORK (MarketWatch) -- U.S. stocks rose on Tuesday, with investors expected to scrutinize speeches by two Federal Reserve officials for any clues as to when the central bank may begin to scale back its $85-billion-a-month asset-purchase ...
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Movers Shakers Tuesday’s movers Medtronic Carnival
NEW YORK (MarketWatch) -- Shares of J.P. Morgan, Yahoo and Apple attracted investor attention in premarket trade on Tuesday. Shares of Medtronic Inc. rose while Carnival Corp. shares ...
Oklahoma Record
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Oklahoma's massively ambitious transport plan for next eight years
The Oklahoma Department of Transport has adopted a massive transport improvement plan that will cost the state $4.8 billion over the next eight years and will incorporate around 1,700 individual project around the state aimed at making Oklahoma’s roads, bridges and highways safer and better to drive on.
Oklahoma has around 12,000 miles of highways and many more thousands of miles of roadway and streets, maintaining this massive expanse of tarmac is an ongoing process and in recent years the Department of Transport acknowledged that it has fallen behind. Read more
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