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U.S. stocks set for a comeback, or another blow?

/  21.01.2016  /  Business 

NEW YORK (Reuters) – The deep selling that has been synonymous with Wall Street in the new year became bad enough on Wednesday to start drawing in buyers, but it is still too soon to tell whether they will look brilliant or battered in the weeks ahead.

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Lockheed releases stand-alone financial data for Sikorsky

/  21.01.2016  /  Business 

WASHINGTON (Reuters) – Lockheed Martin Corp released data on Wednesday for Sikorsky Aircraft that showed the company it acquired from United Technologies Corp for $9 billion in November generated a net profit in the first three quarters of 2015.

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Asia stocks up as crude bounces, sentiment still fragile

/  21.01.2016  /  Business 

TOKYO (Reuters) – Asian shares and the dollar were higher on Thursday, but investors remained cautious as another shakeout on Wall Street and oil prices suggested volatility in financial markets will continue to temper risk appetite.

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GM ignition-switch plaintiff retains criminal attorney mid-trial

/  21.01.2016  /  Business 

NEW YORK (Reuters) – An Oklahoma man suing General Motors in the first trial in federal litigation over its massive engine switch recall has hired a criminal defense attorney after the carmaker accused him and his wife of making misleading statements in their testimony.

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U.S. crude oil prices stabilize but market sentiment remains bearish

/  21.01.2016  /  Business 

SINGAPORE (Reuters) – U.S. crude oil prices stabilized in early Asian trade on Thursday after hitting fresh 2003 lows the session before, but analysts said a persistent global glut would keep pressuring markets.

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Viacom cut pay for Redstone, CEO Dauman in 2015

/  21.01.2016  /  Business 

BOSTON (Reuters) – Media giant Viacom Inc said on Wednesday it cut the compensation of its top two executives, Executive Chairman Sumner Redstone and Chief Executive Philippe Dauman, as the company faced business pressures and a sharp drop in its share price.

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Kinder Morgan swings to loss in fourth quarter

/  21.01.2016  /  Business 

(Reuters) – U.S. pipeline giant Kinder Morgan Inc swung to a fourth-quarter loss as it moved lower volumes of oil and gas amid falling prices.

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Goldman Sachs sees M&A business weathering market slump

/  21.01.2016  /  Business 

(Reuters) – Goldman Sachs Group Inc , the 2015 M&A champion, is putting a brave face on the prospects for its dealmaking business this year even with markets plunging.

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Exclusive: Saudi-backed shipping line UASC resumes Iran business

/  20.01.2016  /  Business 

LONDON (Reuters) – United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic and Saudi Arabia, one of the shipping line’s main shareholders.

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News Corp denies rumors of Twitter bid, stake

/  20.01.2016  /  Business 

(Reuters) – Rupert Murdoch’s News Corp said rumors about the company’s interest in buying microblogging site Twitter Inc or building a stake in it were untrue.

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