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Soros Takes Stakes In Homebuilders Lennar, D.R. Horton

Fri, 05/15/2015 - 5:41pm
Billionaire George Soros took stakes in homebuilders Lennar Corp. and D.R. Horton Inc. in the first quarter, according to a regulatory filing on Friday.
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FDA experts cite design, cleaning flaws with medical scopes, but back their continued use

Fri, 05/15/2015 - 5:39pm
Federal health experts say there are a host of problems with the design and cleaning instructions for specialized medical scopes recently linked to a series of bacterial outbreaks in hospitals nationwide.
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Toys R Us will close famed FAO Schwarz store in July, but plans to seek another NYC location

Fri, 05/15/2015 - 5:27pm
Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue.
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Einhorn Takes Stake In General Motors, Trims Apple Holdings

Fri, 05/15/2015 - 5:13pm
Hedge-fund manager David Einhorn's Greenlight Capital took a new stake in General Motors in the first quarter, according to a regulatory filing Friday, while slightly trimming his position in Apple Inc. .
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Trans-Pacific trade pact best leverage to improve human rights in Vietnam

Fri, 05/15/2015 - 5:10pm
Vietnam's desire to be in the Trans-Pacific Partnership free-trade pact is the best leverage Washington has to press for improved human rights there, a senior U.S. official said.
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Report: FBI to Look into Suspicious Bid for Avon

Fri, 05/15/2015 - 5:10pm
FBI officials have started to review a suspicious buyout bid for cosmetics company Avon by purported acquirer PTG Capital Partners, Wall Street Journal reported, citing people familiar with the matter.
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APNewsBreak: US agencies fear Gulf oil spill could persist 100 years or more if unchecked

Fri, 05/15/2015 - 5:02pm
A decade-old oil leak where an offshore platform toppled during a hurricane could continue spilling crude into the Gulf of Mexico for a century or more if left unchecked, according to government estimates obtained by The Associated Press that provide new details about the scope of the problem.
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How the Dow Jones industrial average and other major indexes fared on Friday

Fri, 05/15/2015 - 4:57pm
U.S. stock indexes closed mostly higher Friday, pushing the Standard & Poor's 500 index its second straight record close.
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Carl Icahn Made Only Slight Changes To His Stock Holdings During The First Quarter

Fri, 05/15/2015 - 4:44pm
Billionaire investor Carl Icahn made just a few changes to his stock portfolio during the first quarter, the value of which increased by just 0.5% to $32.05 billion during that time, in line with the S&P 500's 0.4% gain.
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Blue Bell laying off a third of its workforce as company deals with listeria problems

Fri, 05/15/2015 - 4:42pm
Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products, the Texas company announced Friday.
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Buffett Further Cuts Stake In National Oilwell Varco, Buys More Wells Fargo Stock

Fri, 05/15/2015 - 4:41pm
Warren Buffett's Berkshire Hathaway Inc. continued to reduce its stake in oil-and-gas drilling-equipment maker National Oilwell Varco in the first quarter, while picking up additional shares of banking giant Wells Fargo & Co. , the company revealed in a regulatory filing on Friday.
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Lockheed-Boeing Venture Lays off 12 Execs in Major Reorganization

Fri, 05/15/2015 - 4:40pm
United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30-percent reduction in executive ranks.
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King Digital, El Pollo Loco, Keurig, Hertz and Dillard's are big market movers

Fri, 05/15/2015 - 4:37pm
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE King Digital Entertainment Plc., up 8 cents to $15.07 The maker of the mobile game "Candy Crush Saga" warned that it will likely see softer financial results heading into the middle of the year.
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FairPoint Communications will cut 260 jobs in 17 states, including 60 at Vermont call center

Fri, 05/15/2015 - 4:27pm
FairPoint Communications is cutting about 260 jobs in the 17 states where it operates, including 60 jobs when it closes a South Burlington call center, officials said Friday.
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House GOP, facing May 31 deadline, plans 2-month extension of highway funds

Fri, 05/15/2015 - 4:22pm
House Republicans have introduced a two-month extension of the federal highway and mass transit program, barely two weeks before it expires.
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Shake Shack big earnings report continues to power shares, now up 21 percent this month

Fri, 05/15/2015 - 4:14pm
Shake Shack, in addition to its Chicago Dogs and double cheeseburgers, is cooking up super-sized stock gains this month after a surprisingly strong quarter.
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An indecisive day on Wall Street ends with stock indexes mostly higher; S&P 500 at record high

Fri, 05/15/2015 - 4:09pm
Stocks are ending mostly higher, giving the Standard & Poor's 500 index its second straight record close.
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FTC mails $3M in checks to customers who bought cactus juice that made unsubstantiated claims

Fri, 05/15/2015 - 4:07pm
Federal authorities say they are sending $3 million in checks to consumers who bought a cactus-based fruit drink from TriVata Inc. based on bogus health claims.
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State health officials unveil new marijuana dispensary rules in effort to streamline process

Fri, 05/15/2015 - 4:06pm
The Department of Public Health is unveiling changes to the way it issues licenses under the state's medical marijuana dispensary program.
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