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Rackspace and Lennar are big market movers

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE United States Steel Corp., up $4.20 to $45.61 The steel company said its Canadian ...

U.S. attorney general urges changes to fight more Wall St. crime

United States Attorney General Eric Holder holds a news conference announcing updates on investigation of Brown shooting in Ferguson Missouri, in WashingtonBy Aruna Viswanatha and Nate Raymond WASHINGTON/NEW YORK (Reuters) - U.S. Attorney General Eric Holder on Wednesday called for Congress to take steps to help prosecutors build criminal cases against senior Wall Street executives, saying companies often insulated their leaders from responsibility for misconduct. In a speech before New York University School of Law, Holder made some of his most extensive comments yet on improving the prosecution of white-collar crime. He called on Congress to boost rewards for Wall Street whistleblowers and fund more FBI agents with forensic accounting ...


?China pumps in funds?

87 billion) of liquidity into the country?s top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy. The Wall Street Journal, citing an unnamed Chinese bank executive, said the People?s Bank of China (PBOC) is pumping in 100 billion yuan each into China?s top five banks via standard lending facility (SLF) in the form of three-month loans. A PBOC spokesman said they will make an announcement if they have any news.

Sky Deutschland advises investors to shun BSkyB offer

The management of pay-TV provider Sky Deutschland (Other OTC: SKDTY - news) has advised minority investors not to accept an offer from BSkyB, a token gesture given that BSkyB's terms are little more than a formality required after its purchase of a controlling stake in the broadcaster. BSkyB in July agreed to buy the 57 percent stake in Sky Deutschland owned by Rupert Murdoch's 21st Century Fox, and offered remaining shareholders 6.75 euros for each of their shares, as mandated by German takeover law. Sky Deutschland would thus retain its stock market listing and BSkyB, in which Fox holds 39 percent, has not indicated any desire to squeeze out minority shareholders above and beyond the offer which it has set out.

FTSE underperforms as Scottish uncertainty weighs on market

People pass electronic information boards at the London Stock Exchange in the City of LondonBy Sudip Kar-Gupta LONDON (Reuters) - Britain's top share index slipped and underperformed gains on rival European bourses on Wednesday, as the uncertainty raised by Scotland's vote on independence pegged back the UK stock market. The blue-chip FTSE 100 index closed down by 0.2 percent, or 11.34 points, at 6,780.90 points. ...


FedEx earnings up 24%, stock jumps 5%

FedEx earned $606 million US in its first fiscal quarter, a 24 per cent increase from last year as shipping volumes continue to rise and the company reduced its stock repurchases. Its stock was up 5per cent at the close of trading on Wednesday, to $159.71on the improved results. "FedEx Corp. is off to an outstanding start in fiscal 2015, thanks to very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in U.S.

IPhone emerges from "bygone era", reviewers hail bigger handset

Apple CEO Tim Cook speaks during an Apple event announcing the iPhone 6 and the Apple Watch at the Flint Center in CupertinoBigger is better and Apple Inc (AAPL.O) has finally realized that and given iPhone users a product that may be low on novelty but high on improvements, reviewers wrote. Most reviewers say that the iPhone 6 is the best smartphone available or "ever made", while the 5.5-inch iPhone 6 Plus has been described as a "phablet" that will give competition to Samsung Electronics Co Ltd's Galaxy S line of 'big' Android phones. In my view, it's the best smartphone on the market, when you combine its hardware, all-new operating system, and the Apple ecosystem whose doors it opens," Walt Mossberg wrote of the 4.7-inch iPhone 6 in the tech blog Re/code. Geoffrey Fowler, who reviewed the phones for the Wall Street Journal, said Apple has "successfully addressed its size deficiency." (http://on.wsj.com/1u5kdBG)


IPhone comes out of a "bygone era", reviewers hail bigger handset

Bigger is better and Apple Inc (NasdaqGS: AAPL - news) has finally realized that and given iPhone users a product that may be low on novelty but high on improvements, reviewers wrote. Most reviewers say that the iPhone 6 is the best smartphone available or "ever made", while the 5.5-inch iPhone 6 Plus has been described as a "phablet" that will give competition to Samsung Electronics Co Ltd's Galaxy S line of 'big' Android phones. In my view, it's the best smartphone on the market, when you combine its hardware, all-new operating system, and the Apple ecosystem whose doors it opens," Walt Mossberg wrote of the 4.7-inch iPhone 6 in the tech blog Re/code. Geoffrey Fowler, who reviewed the phones for the Wall Street Journal, said Apple has "successfully addressed its size deficiency." (http://on.wsj.com/1u5kdBG)
 
 
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