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Yahoo beats on earnings, stock slightly down (YHOO)
Yahoo reported its fourth quarter earnings Tuesday.It was a beat on revenue but in-line with EPS estimates. Yahoo stock is trading down over 2% in after hours.Here are the most important numbers:EPS:...
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STOCKS GET CRUSHED, OIL TUMBLES: Here's what you need to know (DIA, SPX, SPY,...
There was red all over the screen on Tuesday as stocks got slammed, oil got slammed, and Treasuries rallied in a classic risk-off session.After oil and stocks diverged on Monday — stocks did nothing...
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Pimco's flagship fund posts $1.1 billion outflow in January
NEW YORK (Reuters) - The Pimco Total Return Fund, which lost its crown as the largest bond fund in the world last year, started 2016 with yet another round of outflows, $1.1 billion in January,...
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Chipotle's horrible quarter was just as bad as they thought (CMG)
Chipotle reported its third-quarter earnings results on Tuesday, its first since the E. coli outbreak linked to it.The restaurant chain confirmed that its quarterly sales were negative for the first...
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What it was like starting out on Wall Street in the middle of the financial...
Wall Street was a different beast back in 2008.The housing market had just crashed and investment banks had lost billions betting on subprime mortgages. The financial-services industry was vilified so...
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Business Insider UK is hiring a paid digital fellow to write about news
Business Insider UK is hiring a paid digital fellow to write about news for BI's US site from its London office. This candidate will generate many clips each day and will work closely with our US...
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Yahoo will lay off 15 percent of its workers (YHOO)
Yahoo said it will cut 15% of its headcount, while exploring "strategic alternatives" in parallel, in a move aimed at cutting costs and calming investors. Yahoo said the job cuts are part of a...
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Chipotle's quarterly same-restaurant sales fall 14.6 percent
(Reuters) - Chipotle Mexican Grill Inc reported its first fall in quarterly sales at established restaurants since it went public as the burrito chain operator lost customers after several incidents of...
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Yahoo hangs the 'for sale' sign (YHOO)
Yahoo just officially hung up a "for sale" sign.Company chairman Maynard Webb writes that Yahoo is "exploring additional strategic alternatives" to the four-point growth plan the company laid out in a...
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U.S. stock market reforms suggested to prevent market chaos
By John McCrank(Reuters) - A U.S. Securities and Exchange Commission committee said on Tuesday that limiting the types of stock orders available to retail investors and moving away from halting trading...
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Evidence the stock market may be more like the real economy than you think...
The stock market is not the economy. This much economists have told us.And so the read-through there is that everyone should sit tight through the stock market's recent rocky period because the...
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Yahoo just admitted that it overpaid for Tumblr (YHOO)
Yahoo CEO Marissa Mayer promised not to "screw up" Tumblr, the hip blogging site, when she acquired it for $1.1 billion in 2013.But on Tuesday, Yahoo acknowledged that the acquisition hasn't quite been...
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A Bill Gates-backed startup that wants to edit your genes just raised nearly...
Editas has become the first company to price an initial public offering (IPO) in the US in 2016.The gene-editing company raised $94.4 million and priced 5.9 million shares at $16 per share, according...
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Asian shares under pressure as oil bounce dissipates
By Hideyuki SanoTOKYO (Reuters) - Asian shares sagged on Wednesday as oil prices sank again due to fading hopes of a deal to curb a global supply glut, prompting investor to seek shelter in safe-haven...
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VW submits California recall fix plan for 3.0 liter diesel SUVs, cars
WASHINGTON (Reuters) - The California Air Resources Board said late on Tuesday that Volkswagen AG submitted a recall fix plan for 3.0 liter diesel SUVs and cars that emit up to nine times legally...
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U.S. oil falls for third session on rising crude stocks, oversupply
By Keith WallisSINGAPORE (Reuters) - U.S. oil futures extended losses into a third session in early Asian trade on Wednesday as U.S. crude stocks last week surged to more than half a billion barrels,...
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Marissa Mayer still doesn't get a pass from the investor who blasted Yahoo...
Yahoo announced that it will cut 15% of its workforce and shutter 5 overseas offices, as part of its broader cost cutting plan, during its earnings on Tuesday.But it doesn't look like Yahoo's getting a...
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Iraq's about to plunge off a fiscal cliff — and the consequences could be dire
The plunge in oil prices is already having far-reaching effects on countries whose economies are dependent on oil exports.But in Iraq, the stakes of cheap oil are even higher than in Saudi Arabia,...
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Cadillac killing the ELR reminds us of the most obnoxious car commercial ever
Cadillac is ditching its premium luxury hybrid — the ELR coupe.The $58,000 car has had an unceremonious run as Cadillac's feisty plug-in. It pulled onto dealer lots in 2013 with a much higher price tag...
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The clearest sign yet that job growth in the US is about to slow down (DIA,...
US job growth has been rolling for most of the last two years. In December the economy added 292,000 jobs with average job gains over the 3 months ending in December totaling 284,000. But this pace...
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