A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Los Angeles TimesZillow: Phoenix has second-highest rate of underwater homeownersBizjournals.comSlightly more than half of Phoenix-area homeowners with mortgages were underwater in the first quarter of 2012. Slightly more than half of Phoenix-area home...
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KEPR 19US banking industry posts highest quarterly profit since 2007Los Angeles TimesBy Jim Puzzanghera WASHINGTON -- The US banking industry posted a $35.3-billion profit in the first quarter of the year, its best performance since 2007, the Federal D...
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Europe Manufacturing Shrinks, German Confidence Drops: EconomySan Francisco Chronicle(For more on Europe's debt crisis, see EXT4.) May 24 (Bloomberg) -- European manufacturing and services output dropped in May, German business confidence declined ...
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Tiffany 1Q Net Edges Up But Americas Sales Disappoint; Cuts ViewWall Street JournalTiffany & Co.'s (TIF) fiscal first-quarter earnings edged up 0.6% from a prior-year period weighed down by charges as the jewelry retailer reported a weaker-than...
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The GuardianUK First-Quarter GDP Falls 0.3%, More Than Initial EstimateBloombergThe UK economy shrank more than initially estimated in the first quarter after construction was revised to show a deeper slump, which may bolster the case for the Bank of E...
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CNBC.comGerman Manufacturing Shrinks at Fastest Pace in 3 YearsCNBC.comGermany's manufacturing sector has been shrinking at the fastest rate in three years in May, renewing concerns about the stamina of Europe's largest economy, which likely pr...
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JPMorgan Boosted Derivatives Bets Eightfold in First QuarterBloombergJPMorgan Chase & Co. (JPM) increased bets on credit derivatives on investment-grade debt eightfold in the first quarter, the period when the bank says it built trading positions t...
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Official data from the US Federal Reserve have laid bare the eye-watering size of trading positions built up by JP Morgan’s chief investment office in synthetic credit indices, raising further questions about risk management standards at the bank. According to the figures, JP Morgan’s position in investment-grade credit default swaps jumped eightfold from a...
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Movado, Dell, PetSmart, Guess are among big market movers WednesdayWashington PostNEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Movado Group Inc., up $2.92 at $28.8...
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USA TODAYTransUnion: US Auto Loan Delinquencies Fall To New Low In 1QWall Street JournalUS auto loan delinquencies fell during the first quarter to the lowest level since TransUnion began collecting data in 1999, the consumer-credit data firm said. The...
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Big Lots 1Q Net Sinks 22% On Same-Store Sales DeclineWall Street JournalBig Lots Inc.'s (BIG) fiscal first-quarter profit sank 22% as the closeout retailer saw same-store sales decline in the US, and posted a loss from its newly acquired Canadian o...
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CNBC.comDell revenue lower than Street viewReuters| SAN FRANCISCO (Reuters) - Dell Inc (DELL.O) reported revenue that was lower than Wall Street expectations. The world's No. 3 maker of personal computers said revenue in its fiscal first quarter wa...
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Globe and MailBest Buy 1Q Net Down 25% On Restructuring, Drop In Same-Store SalesWall Street JournalBest Buy Co.'s (BBY) fiscal first-quarter earnings fell 25% as the electronics seller shouldered costs tied to its restructuring effort and suffered...
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Paul Tudor Jones Buys JPMorgan and Financials ETF as Top HoldingsForbesPaul Tudor Jones, who founded $11 billion Tudor Investment Corp. in 1980, bought 377 new stocks in the first quarter, the largest of which were sizable positions financials: Spider ...
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Lowe's 1Q Net Up 14% On Warm Weather, Calendar Shift; Lowers Full Year ...Wall Street JournalLowe's Cos.' (LOW) fiscal first-quarter earnings rose 14% as a calendar shift and unusually warm weather gave a boost to results, although the home...
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(Reuters) – When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could be in trouble. At Qingdao Port, home to one of China’s largest iron ore terminals, hundreds of mounds of iron ore, each as...
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Ann Taylor parent's profit beats estimatesReuters(Reuters) - Women's clothing retailer Ann Inc (ANN.N) reported a quarterly profit that beat estimates, as fewer promotions helped lift margins at its Ann Taylor stores. However, the company forec...
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ForbesGameStop Same-Store Sales Drop On Dearth Of New GamesWall Street JournalBy Ian Sherr Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--GameStop Corp.'s (GME) fiscal first-quarter earnings fell 9.8% as the videogame retailer suffered a double-...
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(via AFP) Spain’s borrowing costs surged at a bond auction Thursday as official data confirmed the country fell back into recession in the first quarter due to government austerity measures. The treasury raised 2.494 billion euros ($3.173 billion) in a sale of three- and four-year bonds, near the maximum targeted…
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Globe and MailSears Swings to Profit on Asset SalesWall Street JournalBy MIA LAMAR, Sears Holdings Corp. swung to a profit in its fiscal first quarter on a boost from shedding some real estate, part of slimming-down the retailer signaled Thursday it in...
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BloombergInvestors Shun Gold—Demand Falls in First QuarterCNBC.comGlobal demand for gold fell 5 percent in the first quarter to 1097.6 tones, according to the World Gold Council (WGC), driven by a decline in jewelry and central bank buying. Purchases...
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AFPSingapore Economy Expands 10%, But Warns on Europe CrisisBusinessWeekBy Shamim Adam and Weiyi Lim on May 16, 2012 Singapore's government said the risk of a “disorderly” debt default in Europe can't be ruled out, clouding the outlook for ...
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CNBC.comJapan's Economy Grew 1% in January-March QuarterCNBC.comJapan's economy grew 1.0 percent in January-March from the previous quarter, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast...
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Dividend.comAbercrombie Falls as Sales Miss Analyst Estimates on EuropeBloombergAbercrombie & Fitch Co. (ANF), the teen- clothing retailer, fell to the lowest price in more than 19 months after reporting first-quarter revenue that missed analysts&#...
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e-wisdom.comMortgage Delinquencies DeclineWall Street JournalBy NICK TIMIRAOS The percentage of homeowners delinquent on their mortgages in the first quarter fell to the lowest level since the end of 2008, but the share of loans in the foreclosure proc...
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CNBC.comTarget Earnings Top Estimates, Raises ForecastCNBC.comTarget posted a higher profit as warm weather and an early Easter helped boost sales at the beginning of the quarter and raised its full-year outlook on Wednesday. The discount chain, prepar...
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CNBC.comTarget Earnings Top Estimates, Raises ForecastCNBC.comTarget posted a higher profit as warm weather and an early Easter helped boost sales at the beginning of the quarter and raised its full-year outlook on Wednesday. The discount chain, prepar...
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Aviation International NewsEADS Has First-Quarter Profit, Raises Earnings Guidance for 2012BloombergEuropean Aeronautic, Defence & Space Co. (EAD) returned to profit in the first quarter and raised its guidance for some earnings this year, while ca...
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