Viacom unit head overseeing MTV, Comedy Central to leave

By Liana B. Baker and Jessica Toonkel SAN FRANCISCO/NEW YORK (Reuters) – Longtime Viacom Inc (VIAB.O) executive Doug Herzog, who oversees the networks Comedy Central and MTV, is leaving the company next month, according to a memo to employees sent Wednesday from chief executive Bob Bakish. Herzog, a 25-year veteran at Viacom known for helping […]


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Wall Street eases in muted trading as investors pause

By Noel Randewich (Reuters) – U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent […]


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U.S. home sales near 10-year high as mortgage rates rise

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in mortgage rates in anticipation of further increases in borrowing costs. The third straight monthly increase in existing home sales, reported by the National Association […]


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Wall Street loses ground after Trump rally

By Noel Randewich (Reuters) – U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent […]


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U.S. existing home sales rise to near 10-year high

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in mortgage rates in anticipation of further increases in borrowing costs. The third straight monthly increase in existing home sales, reported by the National Association […]


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Wall Street catches its breath after Trump rally

By Noel Randewich (Reuters) – U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent […]


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Weak China data, stronger dollar send global stocks skidding

By Marc Jones LONDON (Reuters) – World stocks stumbled to three-week lows on Thursday and developed market bond yields dipped, after Chinese data showed a sharp decline in exports, reviving concerns about the health of the world’s second-biggest economy. Riskier assets have had a difficult few weeks, undermined by concerns about a potential rise in […]


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Amazon to hire 120k temporary workers

(Reuters) – Amazon.com Inc said it would hire more than 120,000 seasonal workers in the United States for the holiday season, 20 percent more than last year, highlighting the growing threat the e-commerce giant poses to traditional retailers. U.S. retailers such as Macy’s Inc, Target Corp and Kohl’s Corp have said they plan to hire […]


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‘Very high’ chance of severe fall: HSBC

“The possibility of a severe fall in the stock market is now very high,” warn technical analysts at HSBC, who have dialed up the bank’s outlook for U.S. stock markets to “red alert“ following an aggressive wave of selling. The warning heightens the note of caution in HSBC’s tone from a September 30 report in […]


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Wall Street cautious ahead of Fed minutes as bond yields rise

Stocks (^GPSC, ^DJI, ^IXIC) started the day in the red as bond yields continue to rise and Wall Street turns its attention back to the Federal Reserve. Investors will try to figure out how much dissension is brewing at the central bank when it releases its latest meeting minutes this afternoon. Amazon turns up the volume […]


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