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NextEra CFO criticizes exchange for earlier share drop
ReutersNEW YORK, May 23 (Reuters) - NextEra's chief financial officer criticized the New York Stock Exchange for the brief but sharp drop in its share price at the opening. "This is naturally a concern for all our shareholders and potential shareholders,"...Tags: Finance, Stock Market, Economy, Business and Finance
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Stocks end lower after bumpy trading day, investors reassess Fed worries, China economy
NEW YORK (AP) — Stocks are ending the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China....Tags: Financial Markets, NASDAQ, S&P 500, Stock Activities, China
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New J&J anti-depressant related to 'Special K' party drug
ReutersNEW BRUNSWICK, New Jersey (Reuters) - Johnson & Johnson said it plans to seek approvals for 11 new drugs by 2017, including a treatment for patients with depression who have failed to benefit from standard medications. The intranasal drug, called...Tags: New Products, Depression, Schizophrenia, Instrument Engineering, Prescription Drugs
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NYSE says AEP, NextEra trades stand after crash at open
ReutersNEW YORK (Reuters) - All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said, following the latest in a flurry of unexplained sharp...Tags: Financial Markets, Standard & Poor's Financial Services LLC, Anadarko Petroleum Corporation, U.S. Securities and Exchange Commission, S&P 500
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Procter & Gamble brings back former CEO to fix company
Reuters(Reuters) - Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring. Lafley is taking on the roles of chairman, president and...Tags: Ron Johnson, Corporate Officers, JC Penney Company Inc., Procter & Gamble, Mike Ullman
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ChannelAdvisor soars in debut
Reuters(Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. The company's shares opened up...Tags: Jos. A. Bank Clothiers Inc., Economic Indicator, Consumers, Global Expansion, Goldman Sachs Group, Inc.
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HP raises 2013 outlook as Whitman's plan takes hold
ReutersSAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...Tags: Michael S. Dell, Earnings, IBM, Finance, Companies and Corporations
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German soccer clubs setting example on and off pitch
Reuters* German rivals to meet for European soccer's top prize * German clubs have stable finances, low ticket prices * Business model meets UEFA blueprint for soccer's future By Karolos Grohmann and Keith Weir BERLIN/LONDON, May 23 (Reuters) - Champions...Tags: Soccer, Sports, Manchester United F.C., Deutsche Telekom AG, Adidas AG
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Dover to spin off some communication technologies businesses
Reuters(Reuters) - Industrial conglomerate Dover Corp said it plans to spin off some of its communication technologies businesses into a publicly traded company with annual revenue of about $1.3 billion. The businesses, to be folded into the company's Knowles...Tags: Dover Corporation, Business, Goldman Sachs Group, Inc., Stock Market
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General Electric considering IPO for finance business - CEO
ReutersMay 23 (Reuters) - General Electric Co is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of the business, Chief Executive Jeffrey Immelt said. "The capital...Tags: General Electric Company, Initial Public Offerings, Finance, Financing and Stock Offerings, Buyback
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German football clubs setting example on and off pitch
ReutersBERLIN/LONDON (Reuters) - Champions League finalists Bayern Munich and Borussia Dortmund are the envy of football fans across Europe for the way the German clubs run their business as well as their success on the field. Bayern and Dortmund are the top...Tags: Sports, Manchester United F.C., Deutsche Telekom AG, Adidas AG, Stock Market
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Forest Labs' longtime CEO Solomon to step down at year-end
ReutersMay 23 (Reuters) - Forest Laboratories Inc said on Thursday that Howard Solomon, who has led the biotech firm since 1977, will retire as chief executive officer at the end of this year and the company will name a successor by that time. The company...Tags: Corporate Officers, Forest Laboratories Incorporated, Board of Directors, Companies and Corporations, Stock Market
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