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DuPont says wet spring to hit operating profit
Reuters(Reuters) - Chemical maker DuPont said its operating profit would fall more than it expected in the first half of the year as a wet spring in North America and Europe hurt its agriculture business, sending its shares down 1.5 percent. Dupont is...Tags: Stock Market, Earnings Forecasts, Companies and Corporations, Weather, Economy, Business and Finance
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Beauty company Coty falls in market debut
ReutersJune 13 (Reuters) - Shares of perfume and beauty products seller Coty Inc fell in their market debut on Thursday, taking the gloss off the third-largest U.S. IPO this year. The offering was priced at $17.50 per share, valuing the company at $6.70...Tags: Stock Market, Lady Gaga, Jennifer Lopez, Health and Beauty Products
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EU mergers and takeovers (June 13)
ReutersBRUSSELS, June 13 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- German investor Joh A Benckiser (JAB) to buy Dutch coffee and tea maker D.E. Master...Tags: Telefonica SA, Silver Lake (Staten Island, New York), Dialysis, Sales, Restructuring and Recapitalization
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Gannett surges to five-year high on deal to expand TV reach
Reuters(Reuters) - Gannett Co Inc shares soared 27 percent to a five-year high after the largest U.S. newspaper chain struck a $1.5 billion deal for television company Belo Corp, dramatically increasing TV's importance to Gannett's results. Gannett's surge...Tags: Newspaper and Magazine, Finance, Stock Market, Journal Communications Inc., Thomson Corporation
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EXCLUSIVE-Goldman offers top clients automated block trading
ReutersBy Lauren Tara LaCapra NEW YORK, June 13 (Reuters) - Goldman Sachs Group Inc has quietly offered some top clients a tool that allows them to plug into its trading system and buy or sell large blocks of stock electronically. The technology is part of...Tags: Bank of America Corp., Computing and Information Technology Industry, Prices, Banking, Goldman Sachs Group, Inc.
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Lilly says arthritis pill effective in mid-stage study
ReutersJune 13 (Reuters) - Eli Lilly and Co and Incyte Corp said their experimental drug was effective in reducing painful symptoms associated with rheumatoid arthritis after 52 weeks of treatment. The drug, baricitinib, is part of a new family of medicines...Tags: Arthritis, Stock Market, NASDAQ, Rheumatoid Arthritis, Lilly Eli & Co
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HMA hires advisers in response to activist push
Reuters(Reuters) - Hospital operator Health Management Associates has hired Morgan Stanley and law firm Weil, Gotshal & Manges after hedge fund Glenview Capital Management urged it to remove or amend its poison pill and said it might try to replace members of...Tags: Board of Directors, Stock Market, Health Management Associates Incorporated, U.S. Securities and Exchange Commission, Morgan Stanley Dean Witter & Company
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HMA shares rise 11 percent on activist push
ReutersJune 12 (Reuters) - Shares of Health Management Associates Inc gained more than 11 percent on Wednesday on investor beliefs that it might be a takeover target after hedge fund Glenview Capital Management urged it to remove or amend its poison pill and...Tags: Stock Market, Board of Directors, U.S. Securities and Exchange Commission, Health Management Associates Incorporated
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Wall St. slides as worry lingers over future of stimulus
ReutersNEW YORK (Reuters) - U.S. stocks fell on Wednesday, with the Dow sliding more than 100 points on another volatile day as traders extended a selloff driven by concern about central banks winding down their stimulus measures. The S&P 500 was caught between...Tags: Japan, Finance, Prices, Citigroup Incorporated, Safeway Inc.
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Disney's ESPN to close 3D cable TV network this year
Reuters(Reuters) - Walt Disney Co's TV sports network, ESPN, said it will shut its 3D cable channel in the United States, ending a three-year experiment after sports fans failed to embrace the technology in their homes. ESPN launched the 3D cable channel in...Tags: Time Warner Cable Inc., Stock Market, Comcast Corporation, Agriculture, DirecTV Group Inc.
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HP CEO sees possible 2014 revenue growth; shares up
ReutersNEW YORK (Reuters) - Hewlett-Packard Co Chief Executive Officer Meg Whitman said on Wednesday that revenue growth was "still possible" for the computer maker in its next fiscal year but that the performance of the overall PC market was a wild card. HP...Tags: Computing and Information Technology Industry, Satellite and Cable Service, Hewlett-Packard Co., Stock Market, Thomson Corporation
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Susquehanna cuts Booz Allen's earnings estimate on Snowden leak
ReutersJune 12 (Reuters) - U.S. intelligence agencies will likely freeze some of Booz Allen Hamilton Holding Corp's projects temporarily, pending a review of how the company handles classified information, Susquehanna Financial Group analysts said, trimming...Tags: Booz Allen Hamilton Inc., Finance, Edward Snowden, Stock Market, National Security Agency
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