NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.
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Published News » Business News
Wall Street Week Ahead: Market is oversold, but major signs say "sell"
Posted by MEreporter 1 day 23 hours ago (http://feeds.reuters.com)Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
Posted by MEreporter 1 day 23 hours ago (http://feeds.reuters.com)
(Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
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Global markets regain ground but still edgy over Greece
Posted by MEreporter 1 day 23 hours ago (http://feeds.reuters.com)
TOKYO (Reuters) - Markets recovered some ground on Monday after heavy losses last week, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth.
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Facebook faces crucial week after modest debut
Posted by MEreporter 1 day 23 hours ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater.
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Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
Posted by MEreporter 1 day 23 hours ago (http://feeds.reuters.com)
(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.
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Apple still dominates world's top brands: study
Posted by MEreporter 1 day 14 minutes ago (http://feeds.reuters.com)
(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published on Tuesday.
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Ex-Yahoo director, fund manager made illegal trades: U.S.
Posted by MEreporter 1 day 14 minutes ago (http://feeds.reuters.com)
(Reuters) - Federal prosecutors on Monday announced insider trading charges against a former Yahoo employee and a fund manager for illegally sharing and trading on secret company information.
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Departures leave Dewey a shell of its former self
Posted by MEreporter 1 day 14 minutes ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Seventeen more partners at Dewey & LeBoeuf announced their departure on Monday, as the failing law firm considered filing for bankruptcy.
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Wall Street rebounds, but investors dump Facebook
Posted by MEreporter 1 day 14 minutes ago (http://feeds.reuters.com)
NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut.
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Jailed Enron's Skilling seeks new trial, cites new evidence
Posted by MEreporter 1 day 14 minutes ago (http://feeds.reuters.com)
(Reuters) - Jailed former Enron Corp. Chief Executive Officer Jeffrey Skilling is seeking a new trial citing "newly discovered evidence," according to court documents.
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