FOX News: Business

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Barclays fined $62 million for client fund failings

Tue, 09/23/2014 - 8:30am
British bank Barclays was fined 38 million pounds ($62 million) on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept.
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CarMax revenue rises 11 pct as used car sales increase

Tue, 09/23/2014 - 8:28am
CarMax Inc, the largest U.S. used car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales.
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Spectrum Brands to buy P&G's remaining pet food business

Tue, 09/23/2014 - 8:22am
Consumer products company Spectrum Brands Holdings Inc said it would buy Procter & Gamble Co's European pet food business, which includes the Iams and Eukanuba dog and cat food brands.
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Phillips to Split Off Lighting, Focus on Consumer, Health Care

Tue, 09/23/2014 - 8:10am
The Dutch conglomerate that started life making light bulbs 123 years ago will split off the business to expand higher-margin units like healthcare and consumer divisions.
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St. Louis County police apologize for wording on flier announcing seminar on handling media

Tue, 09/23/2014 - 8:07am
St. Louis County police apologized Monday for the wording of a flier announcing a seminar to help officers interact with the media.
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US grant to help Newport turn vacant school into technology business incubator for start-ups

Tue, 09/23/2014 - 8:06am
Newport has received nearly $1.7 million federal grant to convert a vacant school into a technology business incubator to promote start-up companies.
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Washington’s Inversion Perversion? Try…Intrusion

Tue, 09/23/2014 - 8:05am
It seems the White House is so determined to crack down on companies trying to escape paying taxes here, that it never stopped to first consider ‘why’ they are bolting. Maybe if lawmakers spent as much time creating tax incentives as it does shutting them down, companies wouldn’t be going anywhere.
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AstraZeneca, Shire dive as U.S. tax move punctures deal hopes

Tue, 09/23/2014 - 7:54am
A day after Treasury took steps to curb inversion deals allowing companies to escape high U.S. taxes, shares of drugmakers AstraZeneca, Shire fell sharply.
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U.S. Equity Futures Lower on Mixed Global Data

Tue, 09/23/2014 - 7:48am
U.S. stock futures were were lower as weak European data overshadowed China data that beat views, and investors were wary after a down day on Wall Street.
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CF Industries, Yara International in talks to create global fertilizer behemoth

Tue, 09/23/2014 - 7:40am
CF Industries is in preliminary talks with Norway's Yara International about a possible merger that would create a mammoth player in the fertilizer industry.
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Global stocks off after Wall Street fall but Chinese stocks rebound on stronger manufacturing

Tue, 09/23/2014 - 4:09am
Global stocks were mostly lower Tuesday following Wall Street's tumble but China rebounded after unexpectedly strong manufacturing eased fears of an economic slowdown.
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Hong Kong Stocks Reverse Losses After China Data

Mon, 09/22/2014 - 10:20pm
Hong Kong stocks reversed losses Tuesday morning after the preliminary edition of HSBC's monthly China manufacturing report surprised to the upside.
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Japan's Line To Delay New York, Tokyo IPO: Report

Mon, 09/22/2014 - 7:31pm
Operator of Japan's most popular mobile-messaging service, Line Corp., is delaying plans to list in Tokyo and New York, the Nikkei reported Tuesday.
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Claman on Call: Housing Data Dent Stocks

Mon, 09/22/2014 - 7:20pm
Welcome to Claman on Call -- the markets may be closed, but FOX Business is always on call.
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SEC giving $30 million to whistleblower in its biggest such award yet; 14th under program

Mon, 09/22/2014 - 7:02pm
The Securities and Exchange Commission is giving its biggest award yet, about $30 million, to a whistleblower who provided key information that led to an enforcement action in a fraud case.
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