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Sabtu, 28 Mei 2011

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End-of-Month Window Dressing: Dave's Daily
TheStreet.com
By Dave Fry 05/27/11 - 06:36 PM EDT The U of Michigan Consumer Sentiment Index was cherry-picked by bulls as the indicator upon which to rally stocks Friday. But, frankly is it really a valid measure of current consumer attitudes? ...
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TheStreet.com
Postal Service Still Looking for Feedback on Tariffville Post Office
Patch.com
After an emergency suspension in February, the US Postal Service is still seeking customer feedback during a 60-day period. By Lindsay Fetzner | Email the author | 5:15am The post office was closed in February due to structural problems, ...
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* US Treasury says China yuan "substantially undervalued"
Reuters
By Doug Palmer WASHINGTON, May 27 (Reuters) - The US Treasury Department ruled on Friday China was not manipulating its currency to gain an unfair trade advantage, but said Beijing still needs to allow the yuan to rise much faster in value. ...
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Fiat raises stake in Chrysler to 46%, eyes taking control of auto giant
New York Daily News
BY Robert Dominguez A car is manufactured on the assembly line before Chrysler Group and Fiat SpA CEO Sergio Marchionne announces the repayment of the remaining $5.9 billion of Chrysler's $10.5 billion loan from the US Government at the Sterling ...
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New York Daily News
Dollar Drops Versus Major Trade Partners on Speculation Recovery Faltering
Bloomberg
By Catarina Saraiva and Allison Bennett - Sat May 28 04:00:27 GMT 2011 The dollar fell for a second week against its major trading partners as reports showing growth cooled in the US fueled speculation the recovery of the world's biggest economy may be ...
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Barai Founder Pleads Guilty in Trading Case
Bloomberg
By Patricia Hurtado - Sat May 28 04:01:01 GMT 2011 Barai Capital Management LP founder Samir Barai pleaded guilty to securities fraud and other charges as part of the US government's largest crackdown on insider trading at hedge funds. ...
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Consumer Spending in US Climbs Less Than Estimated on Food, Fuel Prices
Bloomberg
By Timothy R. Homan and Alex Kowalski - Fri May 27 21:06:24 GMT 2011 Customers at the Fifth Avenue Apple store in New York City. Photographer: Mario Tama/Getty Images May 27 (Bloomberg) -- Consumer spending in the US rose 0.4 percent in April after a ...
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CVS wins $3b contract for federal workers
Boston Globe
NEW YORK — CVS Caremark Corp. won a $3 billion contract to provide pharmacy benefits to federal employees, easing concern that the largest US buyer and seller of prescription drugs is losing business to rivals. Medco Health Solutions Inc., ...
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Boston Globe
McClatchy Sells Miami Plot to Gain Cash Boost Surpassing Its Market Value
Bloomberg
By Greg Bensinger - Fri May 27 20:27:28 GMT 2011 The sale includes the Miami Herald Media Co.'s headquarters and a parking lot, the company said today. Photographer: Mike Fuentes/Bloomberg New McClatchy Co. (MNI), publisher of the Miami Herald, ...
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Pending home sales plummet in April
Los Angeles Times
The National Assn. of Realtors says its index for pending home sales fell 11.6% from March and 26.5% from a year earlier, a sign of weakness as the spring shopping season starts. Though the factors in favor of buying are many, including interest rates ...
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Los Angeles Times
AT&T Asked by FCC to Provide Evidence of Airwaves Shortage
Bloomberg
By Todd Shields - Fri May 27 19:45:13 GMT 2011 Randall Stephenson, chairman and chief executive officer of AT&T Inc., speaks during a House Judiciary Committee hearing on telecommunications competition in Washington, DC on May 26, 2011. ...
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US safety regulators probe Nissan, Jeep problems
The Associated Press
DETROIT (AP) — Auto safety regulators are investigating brake problems with the Nissan Altima and complaints of air bag troubles with the Jeep Wrangler. The National Highway Traffic Safety Administration said on its website Friday that brake fluid can ...
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NYMEX-Crude ends up as gasoline jumps pre-holiday
Reuters
NEW YORK, May 27 (Reuters) - US crude oil futures ended slightly higher on Friday, aided by the strength of gasoline, which rose for a sixth day in anticipation of higher demand this summer driving season. Gains were limited, however, ...
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Gasoline Gains on Texas Refinery Power Loss, Weaker Dollar
Bloomberg
By Barbara Powell - Fri May 27 20:20:15 GMT 2011 Gasoline rose for a sixth consecutive day in New York after three Texas City, Texas, refineries lost power because of a blackout and a weaker dollar increased the investment appeal of commodities. ...
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Washington bank shut, 44th in US this year-FDIC
Reuters
WASHINGTON May 27 (Reuters) - US authorities closed a Washington state bank on Friday, bringing the total number of foreclosures in 2011 to 44. The Federal Deposit Insurance Corp said state authorities closed First Heritage Bank in Snohomish, Wash. ...
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Timken to buy gear drive maker for $200 mln
Reuters
May 27 (Reuters) - Industrial bearings and steel maker Timken Co said it would buy privately held Philadelphia Gear Corp for $200 million, to strengthen its presence in the mechanical power transmission equipment market. Philadelphia Gear, founded in ...
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Boston Scientific recalls nearly 30000 coronary imaging catheters
Minnesota Public Radio
by Bill Catlin, Minnesota Public Radio St. Paul, Minn. — Boston Scientific is recalling nearly 30000 coronary imaging catheters following eight instances of the tips breaking off during procedures. The company says potential risks include heart attack ...
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Constellation shareholders against proposed pay
Houston Chronicle
AP Texas News © 2011 AP BALTIMORE — Shareholders of Constellation Energy Group have voted against proposed pay package for the chief executive and other top officials. Friday's vote at the annual shareholders' meeting was advisory; ...
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EVA Air to pay US$13.2 million fine for price fixing
Focus Taiwan News Channel
Washington, May 27 (CNA) EVA Airways, one of Taiwan's leading international carriers, has agreed to plead guilty and pay US$13.2 million (NT$381 million) in fines for participating in a price-fixing conspiracy, the US Department of Justice said Friday. ...
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Focus Taiwan News Channel
Mentor, Magma top expectations
EETimes.com
SAN FRANCSICO—EDA vendors Mentor Graphics Corp. and Magma Design Automation Inc. this week reported quarterly results that exceeded consensus analysts' expectations. In its first quarterly report since its annual shareholder meeting earlier this ...
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Markets around the world just turned lower on news that Belgian financial ...
The Business Insider
The company is a big-time lender to European local governments, so that's obviously a huge concern. Add this to the Fitch lower of the Japan outlook, and suddenly everything is moving down from earlier highs. Update: There's speculation that the news ...
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Neiman Marcus' profit and sales are up as luxury shoppers return
Dallas Morning News
By MARIA HALKIAS Neiman Marcus Inc. said Friday that its fiscal third-quarter profit more than doubled, reflecting strong sales gains. The Dallas-based retailer also said that the 200000-square-foot expansion of its warehouse on Pinnacle Point Drive ...
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2010 Was Big-Spending Year Even by Mayor's Standards, Documents Suggest
New York Times
By MICHAEL BARBARO He gave away a Jeep Grand Cherokee that retailed for $26000. He forgave a personal loan worth at least $500000. He poured at least half a million dollars into a trust fund for his ex-wife. And he cast off a set of unwanted cabinets ...
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Martha Stewart Recovery Fails as Blackstone Sets Sale
Bloomberg
Martha Stewart speaking to her employees at Martha Stewart Living Omnimedia Inc. in New York. Photographer: Ron Antonelli/NY Daily News Archive via Getty Images Martha Stewart, founder of Martha Stewart Living Omnimedia Inc. Photographer: Mike ...
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SeaChange says it's evaluating 'strategic options'
Forbes
AP , 05.27.11, 02:27 PM EDT ACTON, Mass. -- SeaChange International Inc. Chairman and CEO William Styslinger said Friday that the company has put together a committee to evaluate a range of possible strategic options - often Wall Street-speak for a ...
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Drawback with ETFs lies in their advantages
Financial Times
By John Authers Regular readers of the Weekend FT know that ETFs are a great idea. Exchange traded funds are cheap, they allow retail investors access to whole asset classes that were previously in effect closed to them, and they allow for easy ...
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Revisiting a 'kreme' puff stock
Chicago Sun-Times
Krispy Kreme stock, which traded for a buck in 2009, now is rated a "buy" after getting its doughnut act together. | AP David Roeder reports on real estate at 6:22 pm every Thursday on WBBM-AM (780). The reports are repeated at 10:22 pm Thursday and ...
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IMF 'Not Contemplating' Greek Debt Restructuring
CNBC.com
The IMF is sticking to a program that "does not contemplate" Greek debt restructuring, acting managing director John Lipsky told CNBC on the sidelines of the G8 conference in Deauville, France. Assistant managing director Lipsky was thrown into the ...
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CNBC.com
9th San Diego police officer under investigation
News 8 KFMB
SAN DIEGO (CNS) - Joining at least 10 department colleagues caught up in misconduct investigations over the last several months, a veteran San Diego police officer was on unpaid leave Friday and facing a possible DUI charge stemming from a recent ...
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Emergent expects large anthrax vaccine order
BusinessWeek
The US government has informed Emergent BioSolutions Inc. said that it plans to order 44.8 million doses of its BioThrax anthrax vaccine, the company said Thursday. Emergent said it expected to finalize the contract during the third quarter, ...
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