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Goldman's O'Neill: Current Slowdown Pales Compared to 2008
Despite global uncertainty and a few weaker-than-expected earnings, today's market is in much better shape than in 2008, says Jim O'Neill, Chairman at Goldman Sachs Asset Management.
The key to this market movement over January is that people were worried about everything...
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Parts of US Actually Prospered During Recession
The Great Recession left parts of the United States largely untouched, as portions of the country dependent on energy and agriculture thrived during the downturn, a Sentier Research study shows.
Texas and Iowa saw median household incomes rise from 2005-2010, which...
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Northeast Costliest Place to Retire, Study Finds
Thinking about retiring in the Northeast? If the weather doesn't get you, then the cost of living will. And the Midwest isn't much better, either.
Connecticut is the costliest U.S. state in which to retire followed by Illinois, Rhode Island, Vermont and Massachusetts,...
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Market Bulls Will Pull for Giants in Super Bowl
If the New York Giants beat the New England Patriots in the Super Bowl on Sunday, expect stocks to finish the year in positive territory, according to a time-tested metric.
The Super Bowl indicator, which has been right 78 percent of the time, shows that when the team from...
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Joseph Grano: Nation Looking for Leadership and Can't Find It
President Barack Obama has failed when it comes to leading the country to better days by resorting to divisive politics, while Republicans also haven't provided the leadership the country needs now more than ever, says Joseph Grano, author and chairman of Centurion...
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Hacked Companies Still Not Telling Investors
At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.
Top U.S. cybersecurity officials believe...
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Facebook’s IPO Shares May Be 5 Times as Expensive as Google
Facebook Inc. may command a valuation more than five times higher than Google Inc. as it seeks to raise $5 billion in the world s largest initial public offering of an Internet company.
The social-networking company, which filed for the IPO today, may be valued at as much...
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Moody's Keeps US Muni-Debt Outlook at Negative
U.S. state and local governments will continue to face credit-rating cuts in 2012 as they cope with slow economic growth, Moody s Investors Service said.The outlook for states remains negative for a fifth straight year and local governments are negative for a fourth, the...
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Zuckerberg's 57% Facebook Stake Seen as Investor Risk
Mark Zuckerberg s majority control over Facebook Inc. puts too much power in the hands of one person and may deter potential investors in the company s initial public offering, corporate-governance experts said.The chief executive officer has 56.9 percent of voting power,...
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Greece Staying in Euro Seen as Struggle Even After Second Rescue
Greece, struggling to seal agreement on a second rescue from creditors in coming days, will remain at risk abandoning the euro, say economists including Holger Schmieding of Berenberg Bank.
Greece may stay saddled with too much debt, too little economic growth and too...
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Zuckerberg's Facebook Stake Worth Up to $28.4B
Facebook Inc. s initial public offering is poised to make Mark Zuckerberg worth $28.4 billion -- wealthier than Google Inc. s co-founders and almost on par with Larry Ellison, who started Oracle Corp. 35 years ago.The 27-year-old founder and chief executive officer of...
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AOL Shares Jump as Ad Gains Power Profit
AOL Inc. rose the most in almost three months Wednesday after quarterly profit exceeded analysts estimates as display advertising sales gained for the fourth straight period.The shares advanced 9.6 percent to $17.76 at the close in New York, the biggest one-day climb since...
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Emerging Market Stocks Lure Back Investors
If you were burned by emerging market stocks last year, you might want to give the relationship another chance in 2012. The stocks are doing pretty well so far this year, and analysts point to multiple reasons the gains should continue.
During the first four weeks of the...
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Oshkosh Seeks Accountability After Icahn Fight
Even in defeat, Carl Icahn can change companies.
Less than a week after Oshkosh Corp. shareholders rejected most of a slate of directors backed by the activist investor, a top executive at the U.S. truckmaker feels a sense of urgency to be more responsive to its...
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Patent Plaintiffs Target Facebook Ahead of IPO
As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies: patent lawsuits.
Last year, Facebook was named as a defendant in 22 lawsuits accusing it of patent infringement, double the...
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Warm Winter Creates Winners and Losers in US
Halfway through what might turn out to be the second mildest U.S. winter on record, major parts of the nation's economy are feeling the impact, for better or worse.
Apparel sales have been dented, ski slopes are emptier, and there has probably been a modest impact on...
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Hedge Funds Brace for Eurozone Breakup
Nervous hedge funds managers are stress-testing their portfolios and searching for ways of protecting themselves against their worst nightmare a potential break-up of the eurozone.
With talks on restructuring Greece's debt mountain still deadlocked, and the exit of one...
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Amazon Shares Fall as Outlook Disappoints
Amazon.com Inc.'s shares slid 12 percent in early trade on fears that heavy spending would hurt the retailer's profits even as revenue growth falls short of Wall Street expectations.
On Tuesday, the online retailer warned that it may post an operating loss for the first...
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BlackRock’s Doll: More Fed Easing Unlikely
BlackRock Inc., the world s biggest asset manager, says the Federal Reserve will refrain from conducting a third round of debt purchases as the economy grows.
The outlook contrasts with that of Bill Gross, who runs the world s largest bond fund at Pacific Investment...
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Avery Dennison Shares Fall after Weak Outlook
Shares of Avery Dennison Corp., the office- supply manufacturer, dropped the most in more than three months Tuesday after the company s preliminary fourth-quarter earnings and 2012 forecast trailed analysts estimates.Avery Dennison, based in Pasadena, California, fell 5.4...
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Exxon Shares Fall After Sales Miss Goals
Exxon Mobil Corp., the world s largest energy company by market value, declined after fourth- quarter sales fell short of analysts estimates and oil production slumped on five continents.
Revenue rose 16 percent to $121.6 billion during the quarter, less than the $124.4...
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Seacrest Gets $300 Million From THL, Bain Capital
Ryan Seacrest, the radio and TV producer and host of American Idol, garnered a commitment for as much as $300 million from Thomas H. Lee Partners LP and Bain Capital LLC to fund media ventures.The private-equity investors will provide capital to Ryan Seacrest Media to buy...
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RadioShack Shares Tumble on Weak Earnings
RadioShack Corp. plunged the most in more than 12 years after the consumer-electronics retailer suspended share repurchases and reported preliminary fourth- quarter earnings that trailed analysts estimates.
RadioShack declined 29 percent to $7.27 at 9:50 a.m. in New York...
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US Auto Sales Seen Surging 6% in January
Martha Patterson started selling real estate in the 1990s and replaced her car every five or six years until the housing market collapsed. Then she kept her Volkswagen Passat GLS for a decade, until last June. I just kept holding onto my car, said Patterson, 50, of...
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Foreclosures Lure Private Equity as US Sells Homes
Private equity firms are jumping into distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery.GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals, Thomas...
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