Deutsche Bank first-quarter profit falls by half as legal charges bite

By Thomas Atkins FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul. Quarterly net profit sank to 559 million euros ($608 million) versus a year ago, despite […]

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Deutsche Bank first-quarter profit falls by half as legal charges bite

By Thomas Atkins FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul. Quarterly net profit sank to 559 million euros ($608 million) versus a year ago, despite […]

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Here we go again: Charter reportedly prepares bid for Time Warner Cable

Advisers for Charter Communications Inc. have reached out to Time Warner Cable Inc. to begin friendly talks on an acquisition after Comcast Corp. withdrew its bid for the company, people with knowledge of the matter said. Charter’s goal is to buy Time Warner Cable quickly, though executives from the companies haven’t spoken yet, the people […]

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Google unveils wireless service, but prices don’t impress

Google (GOOGL) finally unveiled its much-anticipated wireless phone service, dubbed Fi, but pricing wasn’t as low as some consumers might have hoped. The service will cost $20 per month for unlimited talk and texting plus $10 per gigabyte of data used. That’s slightly less than the standard monthly pricing at T-Mobile (TMUS) or Sprint (S) […]

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Bulls stage comeback rally: Stocks charge higher on China stimulus

U.S. stocks surged on Monday amid an unexpected stimulus from China’s central bank as investors kept eyeing corporate earnings. “We’re looking at a bounce because of options expiration on Friday and China’s stimulus,” said Peter Cardillo, chief market economist at Rockwell Global Capital. “The move this morning is technical, and because it is technical I’m […]

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Investors look to earnings for market direction

By Chuck Mikolajczak NEW YORK (Reuters) – Investors attempting to determine whether U.S. equities will rebound from Friday’s selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. The SP dropped 1.1 percent on Friday, its biggest decline since March 25. Equities lost ground […]

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Etsy surges in trading debut

NEW YORK (AP) — The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock. Shares of arts and crafts retailer Etsy surged in opening trading on the Nasdaq Thursday. After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a […]

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U.S. on verge of energy independence: Peter Kenny

The following was written by Peter Kenny, Chief Market Strategist at Clearpool Group. Kenny is part of the Yahoo Finance Contributor’s Network and this post and many others can be found on his Tumblr. The long anticipated decline in the growth of U.S.crude oil production is within sight and is already being priced into West […]

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United States loses sparkle as Europe shows signs of hope

By John O’Donnell FRANKFURT (Reuters) – Investors will cast a wary eye on the latest gauges of the United States’ economic health this week, while troubled Europe shows early signs of turning the corner. As finance ministers and central bankers from the Group of 20 top economies gather in Washington, on the sidelines of the […]

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These will be the world’s 20 largest economies in 2030

Get ready for a new economic order. In the world 15 years from now, the U.S. will be far less dominant, several emerging markets will catapult into prominence, and some of the largest European economies will be slipping behind.   That’s according to the U.S. Department of Agriculture’s latest  macroeconomic projections  that go out to 2030, displayed in the chart below. The U.S. will just barely remain […]

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