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(27-04-2011)
  • Asian stocks catch Wall St tailwind

    An employee of Tokyo Stock Exchange touches his face as he works at the bourse at TSE in TokyoBy Wayne Cole SYDNEY (Reuters) - Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the positives in lower fuel costs and increased consumer spending power. Brent was quoted $1.37 lighter at $59.81 a barrel, while U.S. crude was hovering around $55.00 after losing more than $2 on Thursday. ...


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  • Asian stocks catch Wall Street tailwind

    A man is reflected on an electronic board showing the Japanese yen's exchange rate against the U.S. dollar outside a brokerage in TokyoBy Wayne Cole SYDNEY (Reuters) - Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. The gains came even as oil stayed under pressure, suggesting equity investors were beginning to see the positives in lower fuel costs and increased consumer spending power. Brent was quoted $1.37 lighter at $59.81 a barrel, while U.S. crude was hovering around $55.00 after losing more than $2 on Thursday. ...


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  • Equities surge on Fed cues; oil resumes decline

    People are reflected on an electronic board displaying a graph showing the movement of Nikkei share average outside a brokerage in TokyoNEW YORK (Reuters) - Global equities markets rallied on Thursday, with Wall Street surging nearly 2.5 percent, as investors buoyed by policy comments from the U.S. Federal Reserve moved into riskier holdings.


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  • Red Hat credits Q3 earnings win to cloud, big data strategies

    Red Hat credits Q3 earnings win to cloud, big data strategiesRed Hat's CFO boasted the software company has achieved sequential revenue growth every quarter for the last 51 straight quarters.


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  • Dow soars 400 points, led by rally in tech sector

    Traders work on the floor at the New York Stock Exchange in New York, Thursday, Dec. 18, 2014. The market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. (AP Photo/Seth Wenig)NEW YORK (AP) — The Dow Jones industrial average had its biggest day in three years, soaring more than 400 points as the stock market extended a rally into a second day.


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  • Exclusive - U.S. authorities ready new attack on Wall Street repeat offenders
    By Aruna Viswanatha WASHINGTON (Reuters) - A top U.S. Justice Department official warned that the U.S. is eyeing new ways to crack down on lax practices that have led to market manipula...More

  • Constantly changing online prices stump shoppers

    FILE - In this Nov. 28, 2014 file photo, a Target shopper uses her iPhone to compare prices at Wal-Mart while shopping after midnight in South Portland, Maine. Increasingly, buying products online is like trading stocks: you can buy a copper mug or a coat and then hours _ or even minutes later _ it can go up and down in price. (AP Photo/Robert F. Bukaty, File)NEW YORK (AP) — Online shopping has become as volatile as stock market trading. Wild, minute-by-minute price swings on everything from clothes to TVs have made it difficult for holiday shoppers to "buy low."


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  • Wall St gains sharply for second day; tech shares lead

    Traders work on the floor of the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks climbed more than 1 percent on Thursday, extending a rally from the previous session as tech shares gained with upbeat results from Oracle. The technology sector, up 2.2 percent, helped fuel the advance, buoyed by a gain of over 8 percent in Oracle Corp, a day after its quarterly results topped Wall Street expectations. Shares of Apple climbed 1.9 percent. On Wednesday, the benchmark S&P 500 index had notched its best day since October 2013 after the Federal Reserve gave an upbeat assessment of the U.S. ...


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  • YouTube CEO Susan Wojcicki Explains Why Everyone Should Get Maternity Leave

    YouTube CEO Susan Wojcicki Explains Why Everyone Should Get Maternity LeaveNorman Jean RoyYouTube CEO Susan Wojcicki. YouTube CEO Susan Wojcicki is grateful for the four and a half months of maternity leave Google provides its employees, but says it’s a problem that most other American mothers don’t enjoy the same luxury. In an op-ed for the Wall Street Journal, Google’s 16th employee (and first to go on maternity leave) makes the case that the US should follow the lead of every other country in the developed world and offer new mothers paid maternity leave benefits, funded by social security programs, as a matter of law. “Support for motherhood shouldn’t be a matter of luck; it should be a matter of course,” she writes. “Paid maternity leave is good for mothers, families and business. America should have the good sense to join nearly every other country in providing it.” Wojcicki’s essay argues that Google’s maternity leave program, enviable even among Silicon Valley’s employee-friendly upper echelon, has helped the company keep female employees, noting that turnover among new moms decreased by 50% when the company increased its leave time from 12 weeks to 18 in 2007. Plus, she maintains, women who return to the workforce after a lengthy maternity leave are better able to contribute than they were before their departure. “Best of all, mothers come back to the workforce with new insights,” Wojcicki writes. “I know from experience that being a mother gave me a broader sense of purpose, more compassion and a better ability to prioritize and get things done efficiently.” Meanwhile, Wojcicki says that women who do not work at big, generous tech companies, and particularly those in low-wage jobs, cannot afford to take the unpaid time off they are entitled to under the Family and Medical Leave Act of 1993. As a result, mothers can be forced into returning to work too early, a decision that can hurt their own health as well as that of their newborn children. “A quarter of all women in the U. return to work fewer than 10 days after giving birth, leaving them less time to bond with their children, making breast-feeding more difficult and increasing their risk of postpartum depression,” Wojcicki writes in the WSJ. The topic of motherhood and the workplace has been a hot one in Silicon Valley this year, as the tech world continues its conversation about how to improve the relative lack of diversity — gender and otherwise  — in its offices and executive suites. In October, Apple and Facebook announced they would help employees cover the cost of freezing their eggs, that way they could focus on their careers and still have children later in life. In her op-ed Wojcicki seems to be saying that with appropriate policies from private employers and the federal government, women won’t have to choose between putting their careers on hold and taking care of their children during the children’s time of greatest need. Read the rest of Wojcicki’s column at The Wall Street Journal >> Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.


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  • Oracle posts stronger-than-expected Q2 earnings, revenue results

    Oracle posts stronger-than-expected Q2 earnings, revenue resultsIn response, Oracle shares immediately rallied by 3.6 percent initially in after-hours trading.


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  • Two Wells Fargo units to pay $1.5 million for anti-money laundering lapses: FINRA

    The logo on a Wells Fargo bank building is seen in downtown San DiegoBy Suzanne Barlyn (Reuters) - Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday. The lapses, at Wells Fargo Advisors and Wells Fargo Advisors Financial Network, occurred between 2003 and 2012, according to FINRA, the Wall Street watchdog. Wells Fargo & Co neither admitted nor denied FINRA's allegations, the regulator said. ...


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  • US stocks open higher, building on Fed gains

    The facade of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stocks were mostly lower Wednesday Dec. 17, 2014 as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. (AP Photo/Richard Drew)NEW YORK (AP) — The U.S. stock market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates.


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  • Gulf stocks gain with Dubai closing 13 percent up

    FILE - In this Thursday, Oct. 2, 2014 file photo, Emirati traders check the stocks of Emaar Malls on the screen at the Dubai Financial Market in United Arab Emirates. Dubai's main stock market and Abu Dhabi's index have closed at their lowest points of the year amid mounting anxiety over plunging oil prices. Dubai's stock market lost 7.3 percent on Tuesday, while Abu Dhabi's slid 6.9 percent. (AP Photo/Kamran Jebreili, File)DUBAI, United Arab Emirates (AP) — Gulf equity markets made massive gains Thursday with Dubai's main stock market rising 13 percent, just two days after closing at its lowest point of the year.


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  • Russia's Putin says hopes Sistema will restore its position on market
    MOSCOW (Reuters) - Russian President Vladimir Putin said on Thursday he hoped Sistema would be able to restore its positions on the stock market, sending the conglomerate's shares higher. Vladimir Yevtushenkov was freed from house arrest on Wednesday, Interfax reported. He had been held on charges of money laundering connected to a deal to acquire a stake in oil company Bashneft . That stake has been returned to the state. Putin told his annual end-of-year news conference that the so-called Bashneft case was not linked to any wider revision of the privatization of state assets. ...More

  • Asian markets gain as Fed promises patience

    Asian markets rallied on December 18 with investors rushing back after a recent sell-off, spurred by a Wall Street recovery, with Tokyo climbing 2.32%Asian markets mostly rallied on Thursday, with investors reversing a recent sell-off spurred by a Wall Street recovery and indications the Federal Reserve will keep rates on hold until mid-2015. In Asian trade Thursday, the greenback was at 118.60 yen.


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  • Oracle revenue rises 3.5 pct on strong growth in cloud

    Company logo shown at headquarters for Oracle Corp shown in Redwood CityREUTERS - Oracle Corp reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street's expectations, as sales at its closely watched cloud services business rose 45 percent. Shares of Oracles, whose report was the first since co-founder Larry Ellison stepped down as chief executive, rose 2.5 percent to $42.20 in after-market trading. Investors have been carefully watching how Oracle beefs up its cloud divisions, which deliver software over the Internet. ...


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  • Oracle revenue rises 3.5 percent on strong growth in cloud

    People gather prior to keynote speech at the All Things Oracle OpenWorld Summit in San Francisco(Reuters) - Oracle Corp reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street's expectations, as sales at its closely watched cloud services business rose 45 percent. Shares of Oracles, whose report was the first since co-founder Larry Ellison stepped down as chief executive, rose 2.5 percent to $42.20 in after-market trading. Investors have been carefully watching how Oracle beefs up its cloud divisions, which deliver software over the Internet. ...


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  • Asia comforted by strong Wall Street, confident Fed

    An employee of Tokyo Stock Exchange touches his face as he works at the bourse at TSE in TokyoBy Wayne Cole SYDNEY (Reuters) - Asian shares rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble, if only for now, and oil prices eked out a rare bounce. As risk aversion ebbed, U.S. bond yields rose and the dollar regained some lost ground. In Asia, Nikkei futures were pointing to an opening increase of at least 1 percent, while stocks in Australia climbed 1. ...


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  • Stocks gain most in more than a year on Fed, oil

    US stocks open higher, building on Fed gainsThe U.S. stock market had its best day in more than a year after the Federal Reserve said it would to remain "patient" in its approach to raising interest rates. Stocks rose from the open on ...


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  • Some big stock market winners emerge from Obama move on Cuba
    By Dan Burns and David Randall NEW YORK (Reuters) - A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. After more than five decades of frosty relations and U.S.-imposed economic embargoes, President Barack Obama unveiled plans to relax some aspects of commerce and transportation between the two countries. An outright end to the longstanding trade embargo, however, is not in the cards for now. ...More