Unease over Fed leaves shares at one-month low, bonds settle

By Marc Jones LONDON (Reuters) – World shares sank to their lowest level in more than a month on Tuesday as unease about an expected cut in U.S. stimulus and a related rise in bond yields left markets on edge. Europe’s main stock markets opened down 1 percent following a fourth straight day of falls […]

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Stocks vs. Economic Data: You Can Only Trust One

Despite decent economic data reported last week, which includes productivity rising at a larger than expected 0.9% and jobless claims hitting the lowest level since 2007, the market logged its worst week of the year. In a vacuum, economic data has actually been strong enough to justify the possibility that the FOMC may cut back […]

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Insight: Some U.S. feedlots rue loss of ‘Vitamin Z’ Zilmax

By Lisa Baertlein and P.J. Huffstutter (Reuters) – After nearly a decade of relying on weight-gain feed additives as a lifeline to survival, some of the 75,000 U.S. cattle feedyards that dot rural America in places such as Texas and the Great Plains, suddenly must do without the leading product Zilmax – nicknamed “Vitamin Z.” […]

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What It Takes to Start a Fast-Food Franchise

For many large restaurant chains, franchising is a critical part of the business. If you go to a well-known brand, chances are you’re eating at a shop owned by a franchisee, not the company whose name is on the sign outside. For McDonald’s (MCD), 81% of its global system is owned by franchisees. At Burger […]

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The $4 Trillion Choice: Stakes High for Next Fed Chief

President Obama is mulling what could well be the most important decision of his second term – nominating Ben Bernanke’s replacement as Federal Reserve chairman. Bernanke, whose second four-year term is set to end in January, has presided over perhaps the most dramatic period in the century-long history of the Fed, the mostly autonomous central […]

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The $4 Trillion Choice: Why the Stakes Are So High for Next Fed Chair

President Obama is mulling what could well be the most important decision of his second term – nominating Ben Bernanke’s replacement as Federal Reserve chairman. Bernanke, whose second four-year term is set to end in January, has presided over perhaps the most dramatic period in the century-long history of the Fed, the mostly autonomous central […]

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Dell’s Quarterly Profit Plummets as PC Sales Shrink

By Edwin Chan SAN FRANCISCO (Reuters) – Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, on Thursday reported a 72 percent slide in quarterly earnings as PC sales extended their downward spiral. Dell once led the world in computer sales and was held up […]

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Wall Street falls on uncertainty about Fed’s bond buying

By Angela Moon NEW YORK (Reuters) – Stocks fell on Wednesday, with the Dow industrials posting the worst day since late June, as investors speculated when the Federal Reserve might begin to reduce its ultra-loose monetary policy, which has helped propel stocks to record highs. Trading volume has been low as the earnings season winds […]

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Dollar rises, Nikkei takes back lost ground

By Richard Hubbard LONDON (Reuters) – Clear signs the euro zone has crawled out of an 18-month long recession supported European shares near a 10-week peak on Wednesday and saw German 10-year yields hover near their highest level in almost two months. The German economy grew by 0.7 percent in the second quarter, its largest […]

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Ackman Quits J.C. Penney Board Three Years Into Turnaround Push

(Reuters) – J.C. Penney Co Inc said activist investor Bill Ackman had resigned from the board, three years after embarking on a public and at times acrimonious campaign to turn around the struggling department store operator and less than a week after demanding the ouster of its chairman and CEO. J.C. Penney’s shares, which have […]

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