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U.S. economy pulls through federal budget cuts

Written By limadu on Rabu, 31 Juli 2013 | 21.29

NEW YORK (CNNMoney) Gross domestic product -- the broadest measure of economic activity -- rose at a 1.7% annual rate in April through June, slightly faster than the 1.1% rate in the first quarter, the Bureau of Economic Analysis reported Wednesday....

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U.S. stocks push higher

Click chart for more market data. NEW YORK (CNNMoney) The Dow Jones Industrial Average, the S&P 500, and the Nasdaq gained between 0.3% and 0.5%. The U.S. government's first estimate of second-quarter GDP showed the economy grew at a 1.7%...

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Facebook finally tops IPO price again

It took 14 months. But shares of Facebook topped their initial public offering price of $38 again at long last. NEW YORK (CNNMoney) Facebook (FB) shares hit a high of $38.31 shortly after the opening bell before slipping back below $38 in mid-morning...

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JPMorgan settles electricity manipulation case for $410 million

Written By limadu on Selasa, 30 Juli 2013 | 21.29

The Federal Energy Regulatory has accused JPMorgan Chase of manipulating the energy market. NEW YORK (CNNMoney) The bank's energy unit, JP Morgan Venture Energy Corporation, was accused of raising electricity rates in these markets between September...

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U.S. stocks open higher

Click chart for more stock market data. NEW YORK (CNNMoney) The Dow Jones Industrial Average, S&P 500, and Nasdaq gained 0.3%. U.S. investors will receive a variety of economic and corporate news Tuesday as they await the latest reading...

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Home prices keep soaring

NEW YORK (CNNMoney) The S&P/Case-Shiller home price index was up 12.2% compared to a year ago, slightly better than the 12.1% rise in April. It was the biggest year-over-year jump in prices since March 2006, near the peak of the housing bubble....

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Barclays raising cash to fill $20 billion gap

Barclays is hoping investors will help it fill a £12.8 billion ($19.6 billion) hole in its balance sheet. LONDON (CNNMoney) The bank plans to sell shares through a stock offering after British regulators discovered Barclays (BCS) had a gap of £12.8...

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Herbalife shares up on strong earnings, guidance

Herbalife shares were higher Tuesday after a strong earnings report and raised guidance. NEW YORK (CNNMoney) Herbalife were up 7% in premarket trading. It reported late Monday that it earned $1.41 a share, up 29% from a year earlier. That easily...

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Stocks: Looking to rebound after Monday's losses

Click on chart for more premarket data. NEW YORK (CNNMoney) U.S. stock futures were nudging higher ahead of the opening bell. U.S. investors will receive a variety of economic and corporate news Tuesday as they await the latest reading on...

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Apple launches probe over China labor problems

Written By limadu on Senin, 29 Juli 2013 | 21.29

The non-profit watchdog China Labor Watch is accusing Pegatron of terrible working conditions in its Chinese factories. LONDON (CNNMoney) Apple (AAPL, Fortune 500) said it is sending audit teams to three Chinese factories that are being accused...

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Stocks fall despite flurry of deals

NEW YORK (CNNMoney) But that wasn't enough to get investors buying stocks, as several events later this week could set the tone for the rest of the summer. The Dow Jones industrial average, the S&P 500 and the Nasdaq were all down about 0.2%...

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Uh-oh: Americans favor cash over stocks for long-term investments

Even when it comes to money they won't need for more than a decade, 26% of Americans prefer cash for long-term investments, edging out stocks, bonds, gold and real estate. NEW YORK (CNNMoney) Even when it comes to money they won't need for more...

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Why we're working less than our parents did

NEW YORK (CNNMoney) But as a whole, Americans are working far less now than they did a generation ago, and have more leisure time than ever. The average work week has gone from over 38 hours in 1964 to under 34 hours in 2013 -- a drop of nearly...

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The secret to taking a real vacation

NEW YORK (CNNMoney) According to a survey from American Express OPEN, just 49% of entrepreneurs planned to take vacations this summer, down from 54% last summer and 67% in 2006. But it doesn't have to be that hard. Josh Golden, founder and CEO...

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Hottest trade on Wall Street: Detroit bonds

Detroit has roughly $8.3 billion in tradeable bonds. NEW YORK (CNNMoney) Detroit's bonds have become the hottest trade on Wall Street, since the Motor City filed for the largest municipal bankruptcy two week ago. Prior to the bankruptcy filing,...

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JPMorgan to exit commodities businesses

Written By limadu on Minggu, 28 Juli 2013 | 21.29

NEW YORK (CNNMoney) The announcement comes as the bank reportedly nears a settlement with the U.S. government over the manipulation of electricity markets in California. JPMorgan (JPM, Fortune 500)said it "is pursuing strategic alternatives for...

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The government wants SAC Capital's billions

Steven Cohen's hedge fund SAC Capital was indicted for criminal insider trading. NEW YORK (CNNMoney) The U.S. Attorney for Southern District of New York's filing Thursday of civil and criminal charges against Cohen's hedge fund opens the door for...

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Starbucks sees big growth in China

Starbucks is opening more stores in inland Chinese cities, such as this one in Chengdu, Sichuan Province in Southwest China. NEW YORK (CNNMoney) According to its latest quarterly report, Starbucks (SBUX, Fortune 500) saw a 30% year-over-year jump...

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The government wants SAC Capital's billions

Written By limadu on Sabtu, 27 Juli 2013 | 21.29

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JPMorgan to exit commodities businesses

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Starbucks sees big growth in China

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The government wants SAC Capital's billions

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JPMorgan to exit commodities businesses

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Starbucks sees big growth in China

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New $444 million hockey arena is still a go in Detroit

Written By limadu on Jumat, 26 Juli 2013 | 21.29

A Detroit Red Wings game at Joe Louis Arena, the team's current home. NEW YORK (CNNMoney) Advocates of the arena say it's the kind of economic development needed to attract both people and private investment dollars into downtown Detroit. It's...

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