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Penney CEO says company needs time to climb out of 'abyss'
Reuters(Reuters) - J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer. Penney reported another steep...Tags: Companies and Corporations, Economy, Business and Finance, Mother's Day, Ron Johnson, Macy's, Inc.
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PRESS DIGEST-New York Times business news - May 17
ReutersMay 17 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Fred Eckert was once a star at Goldman Sachs, with a mansion and a collection of...Tags: Career and Workplace, Google Inc., The New York Times, Labor Legislation, Walmart
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U.S. RESEARCH ROUNDUP: Amazon.com, eBay, Cisco, Facebook, Medtronic
ReutersMay 16 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Cisco and Facebook, on Thursday. HIGHLIGHTS * Amazon.com Inc : Lazard starts with buy rating; price target $310 * EBay Inc...Tags: SunPower Corp., Dillard's Incorporated, Computer Sciences Corporation, Ratings, Lincoln National Corporation
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UK activists lose legal challenge against Goldman tax deal
ReutersLONDON, May 16 (Reuters) - A British group campaigning against tax avoidance has lost a legal challenge against a 2010 settlement between Goldman Sachs and HMRC, the British tax authority. Judge Andrew Nicol wrote in a judgment on Thursday that the...Tags: United Kingdom
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Goldman tax deal lawful, but 'not glorious': UK judge
ReutersLONDON (Reuters) - A tax deal between the British government and Goldman Sachs worth up to 20 million pounds ($30 million) to the U.S. bank was lawful but "not a glorious episode" for the tax authority, a judge ruled on Thursday. UK Uncut Legal Action, a...Tags: Business Enterprises, Business, United Kingdom
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US STOCKS-Futures flat with data on tap; Cisco jumps
Reuters* Cisco jumps after earnings, outlook * CPI, housing starts, jobless claims data on tap * Futures: Dow up 3 pts, S&P flat, Nasdaq up 2 pts By Chuck Mikolajczak NEW YORK, May 16 (Reuters) - U.S. stock index futures were little changed on Thursday,...Tags: Inflation and Deflation, Credit Ratings, U.S. Department of Energy, Nikkei, NASDAQ
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BRIEF-Advanced Micro Devices shares off after Goldman Sachs cuts to sell
ReutersNEW YORK, May 16 (Reuters) - Advanced Micro Devices Inc : * Shares off 6 percent in premarket trade after Goldman Sachs cuts to sellTags: Advanced Micro Devices Inc.
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US high-grade bond market tone subdued after Merck jumbo trade
ReutersBy John Balassi NEW YORK, May 16 (IFR) - Market tone is relatively muted early on Thursday, despite the surprisingly better-than-expected first quarter GDP print from Japan that showed that the governments new inflation policies are beginning to kick in....Tags: Shinzo Abe, Money and Monetary Policy, Elections, Bonds, Economy, Business and Finance
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SolarCity raises biggest ever lease fund from Goldman
ReutersLOS ANGELES, May 16 (Reuters) - U.S. rooftop solar installer SolarCity Corp on Thursday said Goldman Sachs Group Inc would finance more than $500 million of its solar power projects. The funding for U.S. residential solar leases is the largest such...Tags: Google Inc., Honda Motor Co., Solar Energy, Renewable Energy, Environmental Issues
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UK economic underperformance, new BoE chief could hit pound
Reuters* Sterling's recovery versus dollar losing steam * UK seen lagging U.S., significant BoE easing could weigh * Options betting on sterling at $1.4620 by mid-August By Anirban Nag LONDON, May 16 (Reuters) - Sterling is likely to fall sharply against the...Tags: Regional Authority, Foreign Exchange Market, Money and Monetary Policy, Finance, Politics
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Tesla Motors gear shift catches out many on Wall Street
ReutersBy Stephen Lacey May 16 (IFR) - Shrieks of pain could be heard across Wall Street last night as short-sellers were hit by the market's reaction to Tesla Motors' circa US$830m equity raise. Shares of the electric car manufacturer spiked 7.6% to US$91....Tags: Elon Musk, Tesla Motors, Inc., Banking, Fuel-efficient Vehicles, Finance
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OPINION: Idaho's three million dollar man loses some
The Lewiston TribuneIf Congressman Raul Labrador's re-election campaign lost a quarter of a million bucks, the Idaho Republican would be down to his last $472. For Congressman Mike Simpson, R-Idaho, misplacing $250,000 would leave him $183,509 in the hole. Even U.S. Sen....Tags: Raul Labrador, Finance, Elections, Politics, Mike Crapo
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