Why an Apple Bear Changed His Mind

Now that Apple’s (AAPL) stock has crashed more than 35% from its peak, most Wall Street analysts are frantically cutting their estimates and reducing their price targets. Most of them still rate the stock a “buy” so it’s not as though everyone has given up and thrown in the towel. This herd-like analyst behavior often […]

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What’s on the Menu? What Day Is Today?

Pumpkin spice lattes in the fall. Heart-shaped donuts at Valentine’s Day. And of course, in time for St. Patrick’s Day this weekend, McDonald’s famous Shamrock Shake. These food items don’t hold permanent spots on the menu, but rather are part of the fast-food industry’s “limited time offer” strategy meant to lure customers in for here-today-gone-tomorrow […]

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Ex-JPMorgan Exec Drew Denies Blame for ‘Whale’ Losses

By Emily Flitter and Aruna Viswanatha WASHINGTON (Reuters) – Ina Drew, the former JPMorgan Chase Co (JPM.N) executive in charge of the unit that made the disastrous “London Whale” trades that became public last year, told lawmakers on Friday that she does not bear personal responsibility for the $6 billion in losses. Instead, she blamed […]

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Samsung Galaxy S4 Emerges to Do Battle on Apple’s Home Turf

* S4 boasts 5 inch screen, 13 megapixel camera * Adds browser scrolling by tilting the phone * Offers hand gesture navigation between Web pages By Sinead Carew NEW YORK, March 14 (Reuters) – Samsung Electronics Co on Thursday premiered its latest flagship phone, the Galaxy S4, which sports a bigger display and unconventional features […]

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Dow at record again, ends higher for ninth day

By Angela Moon NEW YORK (Reuters) – Stocks edged up on Wednesday, with the Dow rising for the ninth straight session to another record, buoyed by surprisingly strong retail sales that suggested the economy is gaining momentum. The Dow Jones industrial average’s nine-day winning streak is the longest consecutive run since November 1996. But trading […]

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Retail Sales Rise Solid 1.1% in Feb.

WASHINGTON (AP) — Americans spent at the fastest pace in five months in February, boosting retail spending 1.1 percent compared with January. About half the jump reflected higher gas prices, but even excluding gas purchases, retail sales rose 0.6 percent. The report Wednesday from the Commerce Department showed that Americans kept spending last month despite […]

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Wall Street Slips After Seven-Day Rally, Tech Shares Fall

By Leah Schnurr NEW YORK (Reuters) – Stocks sagged on Tuesday as investors paused after a seven-session string of gains, sending large-cap technology shares lower. Investors’ confidence has grown in recent months, leading to a gain of more than 10 percent for the year by the Dow and nearly 9 percent by the SP 500. […]

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S&P 500 Ends Less Than 10 Points From Closing Record

By Chuck Mikolajczak NEW YORK (Reuters) – Wall Street rose modestly on Monday, lifting the Dow to another record and giving the SP 500 its seventh straight advance as early weakness enticed buyers. The gains briefly lifted the benchmark SP 500 index to its highest intraday level since October 2007. With the slight advance, U.S. […]

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Dollar near highs vs yen on jobs, Asian shares steady

By Chikako Mogi TOKYO (Reuters) – The dollar held near multi-year highs against the yen on Monday after surprisingly strong U.S. labor data, but demand for riskier assets was curbed by a mixed bag of Chinese data which pointed to a patchy recovery in the world’s second-largest economy. Commodities prices were caught between growing optimism […]

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Financial Incentives to Get Healthy: A Diet Don’t

Are you getting a $25 discount on your monthly health insurance premiums for keeping your BMI between 22 and 25 or your cholesterol below 200? If you haven’t been getting extra cash from your employer for keeping fit and healthy, just wait. More companies are rewarding workers – and penalizing others – based on their […]

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