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BlackBerry May Consider Exiting Handsets, Eyes Investments

Thu, 04/10/2014 - 7:48am
BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.
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U.S. Start-Ups Raise $9.99 Billion, Hit Outsized Valuations In First-Quarter

Thu, 04/10/2014 - 7:43am
Venture capital funding for U.S. start-ups hit its highest mark since 2001 during the first three months of the year and 11 companies were valued at $1 billion or more, underscoring the increasingly pricey environment for entrepreneurs, according to a report on Thursday from consultancy CB Insights.
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Family Dollar To Cut Job, Shut 370 Stores To Boost Performance

Thu, 04/10/2014 - 7:37am
The convenience store operator will cut jobs and shut about 370 underperforming stores, while also lowering prices on about 1,000 basic items.
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Wal-Mart Partners With Wild Oats To Roll Back Prices On Organic Food

Thu, 04/10/2014 - 7:29am
Wal-Mart struck a deal to sell Wild Oats brand food at non-organic prices in a move to help those on a budget buy more organic products.
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Stock Futures Flat as Traders Shrug Off China Data

Thu, 04/10/2014 - 7:27am
U.S. stock-index futures wavered on Thursday after a rally in the last session as traders broadly shook off a round of very disappointing China trade data.
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Goldcorp Raises Buyout Offer For Osisko To C$3.6 Bln

Thu, 04/10/2014 - 7:25am
The world's second-largest gold miner by market value raised its offer to buy Osisko Mining for about $3.30 billion.
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European Stocks Retreat From Gains

Thu, 04/10/2014 - 7:20am
Stocks across Europe pulled back, easing away from positive territory carved out after dovish monetary policy signals from the Fed.
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Greece Five-year Bond To Raise €3 Billion; Yield At 4.95%

Thu, 04/10/2014 - 4:38am
Greece's first bond sale since its bailout in 2010 will raise 3 billion euros ($4.15 billion) at a yield of 4.95%, according to media reports Thursday, citing people familiar with the matter.
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China To Widen Market Access For Overseas Investors, Stocks Rally

Thu, 04/10/2014 - 4:34am
China plans to allow overseas investors to directly trade 13 billion yuan ($2.1 billion) of mainland-listed shares per day via the Hong Kong Exchanges & Clearings (HKEx), said the China Securities Regulatory Commission (CSRC) on Thursday in a joint statement with Hong Kong's securities regulator.
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Costco Comparable March Sales Up 5%, Beat Forecast

Thu, 04/10/2014 - 3:41am
Costco Wholesale Corp. said on Thursday total same-store sales rose 5% for the five-week period ended April 6.
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European Stocks Rise; Bank Of England Decision Due

Thu, 04/10/2014 - 3:26am
Stocks across Europe gained Thursday, keying off advances overnight in Asia and on Wall Street following dovish signals in minutes from the Federal Reserve's March meeting.
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Deutsche Bank mulls raising fixed pay for board: report

Thu, 04/10/2014 - 1:51am
Deutsche Bank is considering raising the fixed pay of its management board members by more than a third in response to new EU regulations, a German paper reported on Thursday.
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Fed's Tarullo Says Economy Looking Stronger

Wed, 04/09/2014 - 9:59pm
The U.S. economy, aided by the Federal Reserve's easy monetary-policy stance, is beginning to look healthier, Federal Reserve Gov. Daniel Tarullo said Wednesday.
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BlackBerry may consider exiting handsets, eyes investments

Wed, 04/09/2014 - 8:26pm
BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.
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Ally Financial Prices IPO At $25 a Share

Wed, 04/09/2014 - 6:03pm
Ally Financial Inc. priced its initial public offering late Wednesday at $25 a share, according to reports.
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Treasury To Sell Ally Financial Shares At $25 Each

Wed, 04/09/2014 - 6:00pm
The Treasury Department said it's going to sell its Ally Financial stake at $25 per share, which will raise $2.375 billion for the government.
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Ally Financial IPO Priced At $25 A Share: Underwriter

Wed, 04/09/2014 - 5:22pm
Ally Financial's initial public offering has been priced at $25 per share, an underwriter said, valuing the bailed-out auto lender at about $12.04 billion.
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Bed Bath & Beyond Posts Earnings Slip

Wed, 04/09/2014 - 5:10pm
Bed Bath & Beyond's fiscal fourth-quarter earnings fell 11% as the home-furnishings retailer recorded a drop in sales.
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Abercrombie & Fitch Names New CFO

Wed, 04/09/2014 - 4:52pm
Abercrombie & Fitch named Joanne C. Crevoiserat, a long-time senior manager at Kohl’s, executive vice president and chief financial officer.
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Ford Opens Brazil Engine Plant, Sees Truck Recovery

Wed, 04/09/2014 - 4:51pm
Ford Motor opened a 400 million reais ($181 million) engine factory in northeastern Brazil on Wednesday, ramping up potential output even as many warn of excess capacity weighing on profits in the country's auto industry.
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