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Finance

Wall Street boost from oil prices, Apple

Monday May 16, 2016 – Wall Street opened slightly higher on Monday, following a bruising week, helped by Apple and a surge in oil prices. Apple shares rose 1.6 percent to $91.96 after Warren Buffett’s Berkshire Hathaway reported a stake worth about $1 billion in the iPhone maker. Oil jumped over 3 percent to its highest since November 2015 on ...

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Google beats out Apple as most valuable company in the world

Thursday May 12, 2016 – With Apple shares dipping below $90 this morning, Google’s parent company Alphabet briefly overtook Apple as the world’s most valuable company hitting a market cap of $498 billion compared to Apple’s market cap of $494 billion. Apple and Google shares continue to fluctuate and the two companies are neck-and-neck for the top valuation, but Google ...

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Middle class shrinks in 9 out of 10 U.S. cities

Thursday May 12, 2016 – In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center. In nearly one-quarter of metro areas, middle-class adults no longer ...

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Oil up; U.S. stocks follow with DOW up 150 points in early trading

Tuesday May 10, 2016 -U.S. stocks traded higher Tuesday, helped by weakness in the yen against the dollar and stabilization in oil prices. The Dow Jones industrial average added more than 150 points in morning trade, with Goldman Sachs and Boeing contributing the most to gains as most constituents advanced. Industrials and energy traded more than 1 percent higher to ...

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U.S. job openings at highest level since 2001

Tuesday May 10, 2016 – U.S. employers posted the most open jobs in eight months in March, but total hiring slowed, providing a mixed picture of the labor market. Job openings jumped 2.7 percent to 5.76 million, the most since September, the Labor Department said Tuesday. That may point to better hiring in the coming months. The number of available ...

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Marissa Meyer could get $55m in severance pay from potential sale of Yahoo

Yahoo CEO Marissa Mayer will walk away with a $55 million severance package if the company’s auction of its Internet operations culminates in a sale that ousts her from her job. The payout disclosed in a regulatory filing Friday consists of cash, stock awards and other benefits that Mayer would get should she be forced out as CEO within a ...

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New Facebook stock will keep Mark Zuckerberg in control

Friday May 01, 2016 – When Facebook Inc. announced its first-quarter earnings Wednesday, a few things were clear: The number of users on the social network is climbing, its ad revenue is soaring and its shareholders have every reason to be smiling ear to ear. The company’s stock jumped nearly 10% and was trading at a high of $120 on ...

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