Emerging sell-off hits European shares, lifts yen

By Natsuko Waki LONDON (Reuters) – Emerging markets led a global sell-off in risky assets on Monday as European stocks followed sharp falls in Asia and safe-haven assets such as the yen and gold rallied. Concerns about China’s economic slowdown and its shadow banking sector, coupled with expectations the Federal Reserve would scale back its […]

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Wall Street falls as emerging-market concerns rise

By Caroline Valetkevitch NEW YORK (Reuters) – Stocks dropped for a second day on Friday and the SP 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities. The SP 500 fell 2.6 percent for the week, closing below its 50-day moving average […]

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Wall Street Week Ahead: Stocks may fall again as Fed stays course

By Rodrigo Campos NEW YORK (Reuters) – Wall Street managed to avoid major selloffs in 2013, but bears look ready – and anxious – to take command. U.S. stocks could be set for another selloff next week as the Federal Reserve is expected to announce it will keep withdrawing its economic stimulus, further pressuring equities […]

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Lenovo buys IBM’s server business in China’s biggest IT acquisition

BEIJING (Reuters) – Lenovo Group Ltd, the world’s largest PC maker, agreed to buy IBM Corp’s low-end server business in a long-awaited deal valued at about $2.3 billion, the biggest-ever tech acquisition by a Chinese company. Lenovo will pay $2.07 billion in cash and the rest with stock of the Beijing-based PC maker, the company […]

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Lenovo restarts talks to buy IBM server unit: source

NEW YORK/HONG KONG (Reuters) – China’s Lenovo Group Ltd has resumed talks to buy International Business Machines Corp’s (IBM) low-end server unit, a source familiar with the matter said – a purchase that would bolster its efforts to diversify beyond a shrinking PC market. The two companies failed to reach a deal last year after […]

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European shares hit 5-1/2 year high, dollar gains

By Carolyn Cohn LONDON (Reuters) – European shares hit fresh 5-1/2 year highs on Tuesday, tracking Asian shares higher as Chinese money rates eased, while the dollar got a boost from a report the Federal Reserve would again trim its bond buying next week. Chinese shares (.SSEC) rebounded from six-month lows and money market rates […]

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Exclusive: Cybercrime firm says uncovers six active attacks on U.S. merchants

By Jim Finkle BOSTON (Reuters) – A cybercrime firm says it has uncovered at least six ongoing attacks at U.S. merchants whose credit card processing systems are infected with the same type of malicious software used to steal data from Target Corp. Andrew Komarov, chief executive of the cybersecurity firm IntelCrawler, told Reuters that his […]

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Analysis: Morgan Stanley bets on smaller bond unit, defying skeptics

By Lauren Tara LaCapra NEW YORK (Reuters) – In early 2011, Morgan Stanley Chief Executive James Gorman thought he had finally figured out how to rebuild the bank’s depleted bond trading business without taking too much risk. He hired traders from rivals in areas where the bank was relatively weak, such as trading government debt, […]

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IBM to spend $1.2 billion to expand cloud services

(Reuters) – IBM Corp said it will invest more than $1.2 billion to build up to 15 new data centers across five continents to expand its cloud services and reach new clients and markets. The new cloud centers will be in Washington D.C., Mexico City, Dallas, China, Hong Kong, London, Japan, India and Canada, with […]

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Target data breach could be costly for payment partners

By Ross Kerber BOSTON (Reuters) – Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping season. Investigators are still sorting through just how thieves compromised about 40 million payment cards and the information of […]

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