Stocks leap as jobs data ease economic, rate concerns

U.S. stocks rose the most since March after a rebound in hiring last month bolstered optimism that economic growth is accelerating, but not fast enough to warrant higher interest rates in June. Raw-material shares rallied to a two-month high after a jump in construction jobs. Home Depot Inc. and Whirlpool Corp. advanced at least 2.1 […]

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U.S. stocks fall for second day amid growth concerns after data

  U.S. stocks fell, following the steepest decline for equities in more than a month, as weaker-than-estimated data added to concerns about slowing growth before Friday’s government jobs report. Hewlett-Packard Co. and Microsoft Corp. dropped for a third session, weighing on technology shares. Alexion Pharmaceuticals Inc. tumbled 10 percent after agreeing to buy Synageva BioPharma […]

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Housing values: Why the divide isn’t narrowing

The number of borrowers who owe more on their mortgages than their homes are worth fell to the lowest level in eight years, but those who are still “underwater” are drowning faster than ever in foreclosure. By March, 1.6 million borrowers had crossed back into a positive equity position on their home loans compared to […]

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Buffett celebrates 50th year at Berkshire, gave no hint of successor

By Luciana Lopez and Jonathan Stempel OMAHA, Neb. (Reuters) – Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett’s 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he’s gone. Buffett and his second-in-command Charlie Munger fielded hours of questions from shareholders, analysts and […]

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U.S. stocks slammed as traders fret over earnings; Dow turns red for ’15

 By Sam Forgione NEW YORK (Reuters) – Stock markets worldwide stumbled for a second straight day on Thursday after more weak earnings reports, while the dollar trimmed losses after hitting fresh nine-week lows. The latest batch of lacklustre corporate results weighed down shares on Wall Street. Weak quarterly earnings from Celgene (CELG.O) led a fall […]

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Icahn: Apple still undervalued

April 28 (Reuters) – Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday. The billionaire investor said he expects to put out an “in-depth” report within two weeks. Apple beat Wall Street’s revenue and profit forecasts on Monday as it sold more iPhones […]

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Icahn: Apple still undervalued

April 28 (Reuters) – Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday. The billionaire investor said he expects to put out an “in-depth” report within two weeks. Apple beat Wall Street’s revenue and profit forecasts on Monday as it sold more iPhones […]

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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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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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