Big year ends with Wall Street hopeful for 2014

By Ryan Vlastelica NEW YORK (Reuters) – As Wall Street’s best year in more than 15 draws to a close, few are expecting a repeat performance in 2014, though traders have plenty of reasons to feel optimistic. While the market will likely enter January quietly, with many traders still out for the holidays and few […]

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U.S. court rejects BP bid to require proof of Gulf oil spill losses

By Jonathan Stempel (Reuters) – BP Plc has failed to persuade a U.S. federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster. U.S. District Judge Carl Barbier in New Orleans said the British oil company […]

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Surge of holiday packages delays UPS shipments

By Curtis Skinner and Beth Pinsker NEW YORK (Reuters) – A high volume of holiday packages overwhelmed shipping and logistics company UPS, the company said on Wednesday, delaying the arrival of Christmas presents around the globe and sending angry consumers to social media to vent. Amazon.com responded with an email to affected customers offering shipping […]

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Exclusive: Carlyle near deal to buy J&J diagnostics unit

By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) – Private equity firm Carlyle Group LP (CG.O) is nearing an agreement to acquire Johnson Johnson’s (JNJ) ortho clinical diagnostics unit, four people familiar with the matter said on Monday, in a deal expected to be worth around $4 billion. Carlyle is in exclusive talks with […]

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With Fed out of the way, what’s next on Wall Street?

By Angela Moon NEW YORK (Reuters) – With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really. The “Santa Claus rally” is a seasonal anomaly that describes a rise in stock prices in […]

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Dow inches up to record close on quiet trading day

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks finished mostly flat on Thursday as investors paused after a rally in the previous session, though the Dow closed at its second record high in a row. The Nasdaq declined slightly on weakness in tech shares, though its loss was limited by a rally in Oracle […]

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Wall Street ends slightly lower on day before Fed statement

By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks closed slightly lower on Tuesday, with investors reluctant to make big bets before the results of a Federal Reserve meeting that could give some clarity as to when the central bank will begin trimming its stimulus. The policy-setting Federal Open Market Committee is expected to issue […]

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Sprint Mulling Bid for T-Mobile: Report

Dec 13 (Reuters) – Sprint Corp is mulling a bid for T-Mobile US, according to a report in the Wall Street Journal citing people familiar with the matter. Sprint could launch a bid in the first half of 2014, the report said. Sprint is the third largest carrier in the United States, while T-Mobile is […]

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The Feds Are Grounding the Drone Industry

If you saw “Skyfall” — the latest James Bond installment — you likely marveled at the breathtaking opening scene in which 007 chases a bandit across the rooftops of Istanbul on a motorcycle. Filming it all was a remote-controlled helicopter resembling a weed-wacker with an overhead projector attached — the latest in aerial filming technology. […]

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Wall Street Ends Mostly Flat; Posts Declines for the Week

By Rodrigo Campos NEW YORK (Reuters) – Stocks ended Friday’s session little changed after a three-day drop, but logged their worst week in nearly four months on concern that the Federal Reserve could signal the start of a reduction in its stimulus program at its policy-setting meeting next week. Investors in U.S.-based funds pulled $6.51 […]

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