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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Samsung today lost almost $10 billion in market value as unverified reports trickled in about Apple giving a major order for memory chips to a rival. Taiwan’s DigiTimes, which has more misses than hits in its reporting, ran an article that Apple had placed a huge order with Japan’s Elpida for mobile DRAM chips, buying almost half of its production capacity. Samsung, which is the world
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Analysis:China offshore yuan market booms even as yuan bets fade
Posted by ReutersNews 100 days ago (http://feeds.reuters.com)
HONG KONG (Reuters) - Three years after China launched its most ambitious experiment yet to give its currency more global clout, some market watchers are writing its epitaph, saying Beijing is not loosening its grip on the yuan fast enough to attract sustained interest.
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SEC weighs two money market fund proposals
Posted by ReutersNews 105 days ago (http://feeds.reuters.com)
(Reuters) - The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations.
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GM focusing on profits, not U.S. market share: CEO
Posted by ReutersNews 135 days ago (http://feeds.reuters.com)
DETROIT (Reuters) - General Motors Co will focus on maintaining profits, not defending U.S. market share gains made at the expense of Japanese rivals, the automaker's top executive said on Monday.
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Zynga falters in debut, sheds doubt on IPO market
Posted by ReutersNews 158 days ago (http://feeds.reuters.com)
NEW YORK/SAN FRANCISCO (Reuters) - Online games developer Zynga Inc scored badly as it went public on Friday, dashing hopes for the year's hottest tech IPO, as investors frowned on its over-reliance on Facebook, dimming growth prospects, and outsized control by CEO Mark Pincus.
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Bond market hammers Italy, Spain ponders outside help
Posted by ReutersNews 179 days ago (http://feeds.reuters.com)
ROME/MADRID (Reuters) - Italy's borrowing costs soared to their highest levels since Rome joined the euro on Friday, piling pressure on the newly installed government of Mario Monti at the end of a week in which the euro zone crisis tainted even safe haven Germany.
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