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US STOCKS-Futures edge up, indexes on track for strong week
Reuters* Indexes on track for third straight week of gains * Boeing may be able to boost Q4 deliveries of 787s * Priceline profit beats expectations, but outlook weak * Futures up: Dow 64 pts, S&P 3.8 pts, Nasdaq 6 pts By Ryan Vlastelica NEW YORK, May 10...Tags: S&P 500, Auto Trends, Stock Market, Quarterly or Semiannual Financial Statements, priceline.com Inc.
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RPT-ANALYSIS-Collapse in Brent-WTI oil spread spooks refiners, railways
Reuters* Brent-WTI narrows to less than $8/bbl from above $20 in Feb * Refiners, railways, make big profits from the arbitrage trade * Bakken producers may need to discount their crude * Continental Resources expects lower rail fees By David Sheppard NEW...Tags: Corporate Officers, Canadian Pacific Limited, Petroleum Industry, Railway Industry, Railway Transportation
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GLOBAL MARKETS-Yen slumps to 4-1/2-year low, bonds fall
Reuters* Yen slides to 101.62 against dollar * Upbeat U.S. data, Japanese bond buys drive move * German Bunds fall as safe-haven demand dented * European shares hit five-year highs By Herbert Lash NEW YORK, May 10 (Reuters) - The yen on Friday slid to its...Tags: S&P 500, Foreign Exchange Market, priceline.com Inc., Petroleum Industry, Federal Reserve
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GLOBAL MARKETS-Yen slumps to 4-1/2-year low, oil tumbles
Reuters* Yen slides to 101.62 against dollar * Upbeat U.S. data, Japanese bond buys drive move * German Bunds fall as safe-haven demand dented * European shares hit five-year highs By Herbert Lash NEW YORK, May 10 (Reuters) - The yen on Friday slid to its...Tags: S&P 500, Foreign Exchange Market, priceline.com Inc., Federal Reserve, National Australia Bank Limited
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As U.S. earnings estimates rise and fall, a guess may be best
ReutersBy Caroline Valetkevitch NEW YORK, May 10 (Reuters) - Following U.S. analysts' earnings estimates can make for a dizzying game, as forecasts for distant quarters routinely start out high, steadily fall, and then, once earnings season actually arrives,...Tags: S&P 500, Economy, Business and Finance, Quarterly or Semiannual Financial Statements, Stock Market, Companies and Corporations
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Novartis, BT push European shares to fresh 5-yr peak
ReutersLONDON, May 10 (Reuters) - European shares scaled fresh five-year highs on Friday, led by healthcare group Novartis and telecoms firm BT on positive corporate news, and traders said key indexes had scope for more gains. The pan-European FTSEurofirst...Tags: Novartis AG, Germany
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Hitachi forecasts 18.5 pct rise in full-year profit, in line with estimates
ReutersTOKYO, May 10 (Reuters) - Hitachi Ltd forecast an 18.5 percent jump in operating profit for this fiscal year, in line with expectations, as the electronics conglomerate reaps the benefits of a weaker yen while projecting a pickup in economic recovery both...Tags: Hitachi Ltd., Foreign Exchange Market, Toshiba Corporation, Weather, Siemens
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Panasonic sees profit more than tripling in shift from consumer gadgets
ReutersTOKYO, May 10 (Reuters) - Panasonic Corp forecast its operating profit will more than triple in the year to March 31 as it steps back from struggling operations in TVs and other consumer gadgets in favour of selling machinery, components and electronic...Tags: Toyota Motor Corp., Economy, Business and Finance, Electronics, Foreign Exchange Market, Consumers
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Nikkei soars to a 5-1/2 year high as dollar sails past 100 yen
ReutersTOKYO (Reuters) - Japanese shares climbed to a 5-1/2 year high on Friday as the U.S. dollar broke through the elusive 100-yen mark and extended its gains, with exporters and financials leading the charge on prospects of enhanced corporate earnings. The...Tags: Auto Trends, Nikon Corp, Honda Motor Co., Exports, Petroleum Industry
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Stifel's first-quarter profit hit by merger-related charges
ReutersMay 9 (Reuters) - Stifel Financial Corp said on Thursday its profit during the first quarter was hit by merger-related charges from its acquisition of smaller rival KBW Inc, but pointed to the strong performance of its wealth management division. The St....Tags: Economy, Business and Finance, Banking, Finance, Restructuring and Recapitalization, Companies and Corporations
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WRAPUP 4-U.S. same-store sales continue modest recovery in April
Reuters* Same-store sales up 3.8 pct vs expections of 4.3 pct sales gains * TJX and Ross beat, Ross raised profit forecast * ICSC forecasts May same-store sales up 2-3 pct * Gap beats, shares rise 7.2 percent after hours. By Phil Wahba May 9 (Reuters) - U....Tags: Zumiez Incorporated, Consumers, Old Navy, Macy's, Inc., Ross Stores Incorporated
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Same-store sales continue modest recovery in April
Reuters(Reuters) - Retail spending continued to grow modestly in April as bad weather delayed spring shopping in much of the country and many consumers gravitated toward discount chains. Thirteen major U.S. retailers reported a 3.8 percent increase in April...Tags: American Apparel, Auto Trends, Macy's, Inc., Ross Stores Incorporated, TJX Companies Incorporated
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