EMC shares spike on anticipated Dell buyout

EMC shares rose 4% in after-hours trading on Friday on a report from technology news outlet Re/code that Dell is offering $27.25 a share in cash and a tracking stock

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Falling commodity prices a boon for some

The plunge in commodity prices is hammering the profits of giant producers such as Exxon Mobil and Alcoa, but it’s a windfall for companies paying less for raw materials. The

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Jobs, raises, bonuses part of UAW-Fiat Chrysler deal

The UAW national council has approved a tentative agreement with Fiat Chrysler Automobiles that sets a clear path to full wages for entry-level workers while promising not to outsource work

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Gannett to buy Journal Media Group for $280 million

Gannett, the publishing company that owns USA TODAY and media businesses in 92 local markets, said late Wednesday that it has agreed to buy Journal Media Group for about $280

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Blackstone: $39M settlement for fee practices

Blackstone Group LP (BX) has agreed to pay nearly $39 million to settle Securities and Exchange Commission allegations over some of the private equity giant’s disclosures about fee practices. Three

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EMC rising off reported Dell deal

Shares of EMC continue to climb off reports that the data storage company is in talks with personal computer maker Dell on a potential merger. EMC. Shares surged 3% in

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Wall Street to give Fed minutes a once-over

The Federal Reserve’s September meeting was notable for what the Fed did not do: raise interest rates for the first time in nearly a decade, a decision that at the

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Medicare Part B premiums to rise 52% for 7 million enrollees

For seven in 10 Medicare beneficiaries 2016 will be much like 2015. They will pay $104.90 per month for their Medicare Part B premium just as they did in 2015.

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Deutsche Bank warns of $7B loss, cuts dividend, stock drops 6%

Deutsche Bank warned Wednesday that a series of charges, including litigation expenses, will result in a third-quarter loss of $6.97 billion, or 6.2 billion euro. The Frankfurt-based bank, which has

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Dow, S&P 500 top 17K, 2000 on Fed news

The stock rally on Wall Street picked up steam Thursday as investors focused on the Federal Reserve’s continued worries about low inflation after the release of minutes from the Fed’s

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SEC accuses NY trading firm of “spoofing”

A New York trading firm and its co-founder have agreed to a more than $1 million Securities and Exchange Commission settlement over profiting from alleged financial market manipulation known as

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12 big companies to rack up $2B in losses

Third-quarter corporate profit reports kick off this week. But for some investors it’s not a time to count profits, but to tally up losses. There are 12 companies in the

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Volkswagen slashing costs that aren’t ‘absolutely vital’ amid emissions scandal

Volkswagen’s new boss is warning that the company is planning comprehensive cuts to navigate the crisis resulting from its admission to rigging engines on diesel cars around the world to

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Facebook now lets you doodle on photos

Borrowing a popular feature from Messenger, Facebook now lets you draw on your photos. To use Doodle, upload a photograph, hit edit and start drawing. Pick colors in the color

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S&P snaps win streak, still a green ’15 for Nasdaq

After a strong two-day rally that lifted the major U.S. stock indexes out of correction territory and well off their lows hit in August, stocks ended mixed Tuesday as Wall

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Six charged in alleged U.N. corruption scheme

U.S. authorities Tuesday announced charges against six people in an alleged United Nations corruption and bribery scheme involving millions of dollars in secret payoffs to a former president of the

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PMC-Sierra surges after $2B bid from Skyworks

Shares of chipmaker PMC-Sierra rose 33% Tuesday after it agreed to be acquired by Skyworks Solutions. In a deal announced Monday afternoon, Skyworks agreed to pay $10.50 per PMC-Sierra share

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Donald Trump’s candidacy raises novel ethics questions

If voters decide to hire billionaire Donald Trump as their president in 2016, they couldn’t actually fire him from the job he now holds. Federal law doesn’t explicitly prohibit President

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Economy emerges as key market flashpoint

The weaker-than-expected September jobs count pretty much rules out, or lowers the odds greatly for an interest-rate hike later this year from the Federal Reserve. What it does, though, is

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Dow up about 300; S&P 500 up for a 5th straight day

Stocks kicked off the week in rally mode with the Dow jumping about 300 points Monday as investors view a Federal Reserve interest rate hike this year as less likely

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