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China's Perfect World to fund Universal movies in $250 million deal
SHANGHAI (Reuters) - Chinese film company Perfect World Pictures Co Ltd <002624.SZ> will invest $250 million into a slate of Universal Pictures movies, extending the tie-ups between China and...
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Here's the explanation for Morgan Stanley's 'Bizarro World' note, which asks,...
Morgan Stanley analyst Adam Parker and his team just sent the strangest note to investors. Its title is "Bizarro World and The Bull Case Is No One Has a Bull Case."It gets weirder from there."Are we on...
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T-Mobile profit nearly triples
(Reuters) - T-Mobile US Inc , the No.3 U.S. wireless carrier, said its quarterly profit nearly tripled as aggressive discounts helped it add more subscribers.Net income rose to $297 million, or 34...
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How forensic accountants use Benford's Law to detect fraud
Most naturally occurring data sets follow a strange rule called Benford's Law. This rule allows you to predict how often each number 1 through 9 will appear as the first non-zero digit in the data...
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Bombardier to cut about 7,000 jobs over next 2 years
(Reuters) - Canadian plane and train maker Bombardier Inc said it will reduce its workforce by about 7,000 employees over the next two years, while ramping up hiring to support production of its...
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Here are the 16 most successful CEOs in Europe, according to the Harvard...
Every year, the Harvard Business Review (HBR) releases a ranking of the world's best-performing CEOs.The ranking is created by looking at four key variables, three related to the financial fortunes of...
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10 things you need to know before the opening bell (SPY, SPX, DIA, QQQ, TLT,...
Here is what you need to know.Iran won't join the oil production freeze.Russia, Saudi Arabia, Qatar, and Venezuela announced an agreement Tuesday to freeze oil production in an effort to ease the oil...
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Here's a super quick guide to what traders are talking about right now (SPY,...
Via Dave Lutz, here's a quick guide to what traders are talking about this morning:Good Morning! US Futures took off like a shot around 2:30am. Right when Oil reversed hard from lows as UAE minister...
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Inovio says Zika vaccine shows response in mice
(Reuters) - Drug developer Inovio Pharmaceuticals Inc said preclinical testing of its vaccine for Zika virus induced robust and durable response in mice and it expected to test the vaccine in humans...
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Short sellers ducking for cover has sent stocks ripping higher in the last 2...
The recent stock market rally has been all about short sellers running for cover.Over the course of Friday and Tuesday's trading action, the S&P 500 gained 3.6% while the Russell 3000 — a broader...
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Iranian banks reconnected to global payments network
DUBAI (Reuters) - Global transaction network SWIFT has reconnected a number of Iranian banks to its system, allowing them to resume cross-border transactions with foreign banks after the lifting of...
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Futures rise as oil gains hold steady
By Yashaswini Swamynathan(Reuters) - U.S. stock index futures were higher on Wednesday, setting the stage for a third straight day of gains, as oil prices rose and investors snatched up beaten-down...
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Iran says will resist curbs on oil output as part of global pact
By Parisa Hafezi and Rania El GamalANKARA/DUBAI (Reuters) - Iran said on Wednesday it would resist any plan to restrain its oil output as fellow OPEC ministers tried to persuade the country to join the...
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Oil is so cheap even pirates don't want it anymore (USO, WTI, OIL, VDE, BNO)
Crude oil is no longer a major economic boon for many of the world's producers. And now, even pirates don't want it.A Bloomberg report Monday noted that attacks on vessels shipping oil in the Gulf of...
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Here's where each of the 13 OPEC members stand after Tuesday's big production...
Saudi Arabia, Russia, Qatar, and Venezuela have agreed to freeze oil production at the level of supply produced in January.Over the last few months, all eyes have been on Saudi Arabia and Iran, but...
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Here come housing starts...
Housing starts and building permits data for January 2016 will be out at 8:30 a.m. ET on Wednesday.Economists are expecting that housing starts rose by 2.0% to an annualized pace of 1.173 million...
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Here come producer prices ... (USD)
The latest data on producer prices are set for release at 8:30 a.m. ET.Economists estimate that the producer price index (PPI) for final demand fell 0.2% month-on-month in January, and dropped 0.6%...
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Oil industry legend Rich Kinder thinks we're in a 'sky is falling' market...
It seems that stocks have been plummeting on a crashing wave of bad news all year.First it was China fears. Then oil prices. Then European banks. It's as if every few weeks there is some new weight...
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Wall Street's best business is cratering
Wall Street's engine room is spluttering.The equities business, which had a stellar year in 2015, has gotten off to a lousy start this year.Stock markets have taken a hammering, putting a hole in...
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Here are the 27 countries with the highest levels of tax in the world
Every year, the World Economic Forum releases its Global Competitiveness Report on the state of the world's economies. The WEF looks at a whole range of data on everything from the quality of the...
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