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Stocks Steady Ahead of U.K.’s Vote on EU

Wednesday June 22, 2016 – U.S. stocks rose Wednesday, but investors avoided big moves one day before the U.K.’s vote on membership in the European Union. The stakes for financial markets, at least in the short term, appear to be high. Stocks, bonds and currencies around the world have recently moved in lockstep with expectations around Thursday’s U.K. referendum, with ...

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Microsoft Buys LinkedIn for $26.2 Billion in Cash Deal

Tuesday June 14, 2016 – SEATTLE — Microsoft has made its most ambitious move in years to reassert itself in a technology market it once dominated. The software giant said Monday morning that it would acquire LinkedIn in a $26.2 billion cash deal. The acquisition, by far the largest in Microsoft’s history, unites two companies in different businesses: one a ...

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Retail Sales Rise More Than Forecast as U.S. Consumers Spend

Tuesday June 14, 2016 – Retail sales rose more than forecast in May, showing consumer spending will help boost economic growth in the second quarter. The 0.5 percent increase in purchases followed a 1.3 percent jump the previous month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The median forecast of 81 economists ...

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Brexit jitters drive sterling volatility to record high, pound choppy

Monday June 13, 2016 – LONDON,  Pound Sterling steadied after hitting an eight-week low on Monday, although jitters days before Britons vote on whether to leave the EU or not drove the cost of hedging against huge swings in the exchange rate to record highs. Betting markets have lowered the chances of the country remaining in the European Union after ...

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Microsoft CEO’s memo to staff about LinkedIn acquisition

Monday June 13, 2016 – Microsoft just surprised everyone with its plans to acquire LinkedIn for $26.2 billion in cash. While many financial analysts will be inspecting the details more closely, a lot of onlookers simply want to know… why? Microsoft CEO Satya Nadella has sent an internal memo to staff about the LinkedIn acquisition, and it attempts to answer why ...

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US job openings rise, yet employers cut back on filling them

Wednesday June 08, 2016 – WASHINGTON (AP) — U.S. employers advertised the most open jobs in nine months in April but pulled back on filling them, a sign of caution that may reflect concerns about tepid economic growth. Job openings rose 2 percent to 5.8 million, the Labor Department said Wednesday, matching a record high reached in April. Yet hiring ...

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Dismal employment report dims prospect of Fed rate hike

  Friday June 03, 2016 – The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, suggesting slippage in the labor market that could make it harder for the Federal Reserve to raise interest rates. Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since ...

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