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Updated: 26 min 12 sec ago

Fed Meeting With Major Banks, Regulators To Develop Libor Alternative

Mon, 11/17/2014 - 9:30am
The Federal Reserve said Monday it is meeting with representatives from 15 banks as well as U.S. and foreign regulators to discuss the process for developing risk-free reference rate alternatives to the current London Interbank Offered Rate for use in derivative contracts.
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Empire State Manufacturing Activity Heats Up in November

Mon, 11/17/2014 - 9:29am
The NY Fed's gauge of regional manufacturing activity rose in November, slightly below expectations, but higher than a previous October reading.
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Commodities Slump Threatens Return to 'Junk' for Some EMs

Mon, 11/17/2014 - 9:26am
Slumping prices for oil and other commodities and the prospect of rising global interest rates threaten to return some of the biggest emerging market (EM) nations to "junk" credit ratings, laying bare many countries' failure to reform in the good times.
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Report: Actavis Near Buyout Deal with Allergan

Mon, 11/17/2014 - 9:15am
Allergan Inc is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada’s Valeant Pharmaceuticals and William Ackman's hedge fund, Pershing Square Capital Management, according to a person familiar with the matter.
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Pfizer's Stock Drops After Profit Outlook Cut

Mon, 11/17/2014 - 9:04am
Pfizer's stock fell 1.6% in premarket trade Monday, after the blue-chip drug maker lowered its 2014 profit outlook following its agreement to team up with Germany's Merck KGaA to develop new cancer treatments.
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Japan Falls into Surprise Recession

Mon, 11/17/2014 - 9:00am
Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.
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Tyson Foods Profit Halves as Beef Sales Fall

Mon, 11/17/2014 - 8:54am
Tyson, the nation's largest meat processor, said its quarterly profit nearly halved as beef sales fell.
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Equity Futures Lower After Japan Falls into Recession

Mon, 11/17/2014 - 8:50am
U.S. equity futures fell Monday after Japan, the world's third-largest economy, posted a negative read on third-quarter GDP, falling into recession.
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Tyson Foods Shares Slump As Sales Fall Below Estimates

Mon, 11/17/2014 - 8:42am
Tyson Foods Inc. shares fell 4% in premarket trade Monday, after the chicken, beef, pork and prepared food company reported fiscal fourth-quarter sales that were below estimates.
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New York manufacturers expand more quickly in November as orders, shipments rise

Mon, 11/17/2014 - 8:34am
Manufacturers in New York grew at a faster pace in November and their expectations for future growth rose to the highest level in nearly three years.
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Halliburton To Buy Baker Hughes In $35 Billion Deal

Mon, 11/17/2014 - 8:03am
Halliburton Co. has agreed to purchase rival oil-services provider Baker Hughes Inc. in a cash-and-stock deal valued at $34.6 billion, the companies said on Monday.
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After cluster of Ebola illnesses in Mali, US orders travelers from there to undergo screening

Mon, 11/17/2014 - 7:17am
Travelers from Mali will be subject to the same screening and monitoring that was ordered for people arriving from three other Ebola-affected countries, U.S. health officials said Sunday.
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Record number of foreign student study at US colleges; Students from China fuel the growth

Mon, 11/17/2014 - 7:17am
The number of foreign exchange students studying at U.S. colleges and universities is at a record high, with nearly one-third coming from China.
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Fire at carrot-packaging plant in eastern China kills at least 18 people

Mon, 11/17/2014 - 7:17am
A fire in a carrot-packaging plant has killed 18 people in eastern China, police said Monday.
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Washington state's first marijuana auction brings in about $600,000; 300 pounds sold

Mon, 11/17/2014 - 7:17am
Washington state's first marijuana auction brought in about $600,000.
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DEA agents surprise at least 3 NFL teams' medical staffs with checks after Sunday games

Mon, 11/17/2014 - 7:17am
Federal drug enforcement agents showed up unannounced Sunday to check at least three visiting NFL teams' medical staffs as part of an investigation into former players' claims that teams mishandled prescription drugs.
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Halliburton buying Baker Hughes in cash-and-stock deal valued $34.6 billion

Mon, 11/17/2014 - 7:15am
Halliburton is buying rival oilfield services company Baker Hughes is a cash-and-stock deal worth $34.6 billion.
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US industrial production expected to have increased slightly in October

Mon, 11/17/2014 - 6:19am
The Federal Reserve reports on industrial production for October.
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British, Dutch fighting outbreak of bird flu in poultry

Mon, 11/17/2014 - 5:01am
British officials say the risk to public health is very low after bird flu was discovered on a duck breeding farm in northern England.
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Britain's leader warns that "red warning lights" are flashing on global economy's dashboard

Mon, 11/17/2014 - 4:46am
Britain's Prime Minister David Cameron has offered a bleak assessment of global economic prospects, comparing potential troubles to red warning lights on a car's dashboard.
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