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U.S.-based junk bond funds see $3.28 billion net outflow: Lipper
Reuters(Reuters) - Investors in funds based in the United States pulled a net $3.28 billion from corporate high-yield bond funds in the week ended June 12 as concerns lingered that the Federal Reserve would taper its stimulus program, data from Thomson Reuters...Tags: Federal Reserve, Emerging Market, Finance, Derivative Securities, Mutual Funds
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Nikkei rebounds, buoyed by robust U.S. data
ReutersTOKYO (Reuters) - Japan's Nikkei average jumped 1.9 percent on Friday, recovering some of the previous session's sharp fall, as robust data eased concerns over whether the U.S. economy can withstand a pullback in stimulus by the Federal Reserve....Tags: Federal Reserve, Heavy Engineering, Mutual Funds, Manufacturing and Engineering, Shipbuilding
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Coty fails to charm investors in market debut
Reuters(Reuters) - Shares of perfume and beauty products seller Coty Inc fell more than 3 percent in their market debut on Thursday, taking the gloss off the third-largest U.S. IPO this year. There had been concerns ahead of the IPO that Coty was too...Tags: JPMorgan Chase & Co., Avon Products Incorporated, Financial Markets, Jennifer Lopez, Financing and Stock Offerings
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COLUMN-Economic worries and the global elite-Chrystia Freeland
Reuters(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.) By Chrystia Freeland EDINBURGH, June 13 (Reuters) - Here's one sign the global elite is starting to get worried that capitalism isn't working for the Western middle class....Tags: Finance, Apple iPhone, Lobbying, Newspaper and Magazine, Authors
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Column: Economic worries and the global elite - Chrystia Freeland
ReutersEDINBURGH (Reuters) - Here's one sign the global elite is starting to get worried that capitalism isn't working for the Western middle class. At the TED Global gathering in Scotland's elegant capital city this week, much of the spotlight was on what's...Tags: George Papandreou, Apple iPhone, Newspaper and Magazine, Government, Journalism
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CANADA STOCKS-TSX may open lower on stimulus worries; eye on Empire Co
ReutersJune 13 (Reuters) - Canada's main stock index looked set to open lower on Thursday, following a global equity market sell-off driven by worries over the possible scaling back of central bank monetary stimulus. Shares of Canadian grocers are expected to...Tags: World Bank Group, Lundin Mining Corporation, Imperial Oil Limited, Central Bank, Global Expansion
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Gannett surges to five-year high on deal to expand TV reach
Reuters(Reuters) - Gannett Co Inc shares soared 27 percent to a five-year high after the largest U.S. newspaper chain struck a $1.5 billion deal for television company Belo Corp, dramatically increasing TV's importance to Gannett's results. Gannett's surge...Tags: JPMorgan Chase & Co., Companies and Corporations, Leveraged Buyouts, Earnings, Financial Planning
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SCA sees opportunities as rivals quit Europe
ReutersSTOCKHOLM (Reuters) - Europe's biggest hygiene products maker, Sweden's SCA , aims to grow its market share as rivals quit a difficult European market which shows no sign of recovery, its chief executive told Reuters on Thursday. "I actually don't see...Tags: Sweden, Emerging Market, China, Procter & Gamble, Kimberly-Clark Corporation
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Travel operator Transat expects to post profit this year
ReutersJune 13 (Reuters) - Canadian travel operator Transat AT Inc said it expected to return to profitability this year after it reported a smaller-than-expected quarterly loss as prices rose and its efforts to cut costs paid off. The company, which offers...Tags: Holiday Vacations, Trips and Vacations, Marketing
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Spreadtrum raises second-quarter revenue estimates; shares rise
Reuters(Reuters) - Spreadtrum Communications Inc, a cellphone chip designer, raised its revenue estimates for the current quarter due to higher demand from low-cost smartphone makers, sending its shares up 23 percent in extended trading. The China-based company... -
Bain Capital's Guitar Center hits rough patch
ReutersNEW YORK, June 12 (Reuters-BUYOUTS)-Standard & Poor's cut its debt rating on Bain Capital-owned Guitar Center Holdings Inc late last month, as the music retailer purchased during the height of the 2007 buyout boom struggles with "weak operating trends."...Tags: Standard & Poor's Financial Services LLC, Bain Capital, LLC, Companies and Corporations, Loans, Music
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COMMODITIES-Oil, metals rebound; coffee, corn tumble
Reuters* Oil and gold rise by half a pct, copper 1 pct * Coffee at Sept 2009 lows on supply glut fears * Corn down as USDA crop reduction below expectations By Barani Krishnan NEW YORK, June 12 (Reuters) - Oil, copper and gold prices rose on Wednesday,...Tags: Saudi Arabia, Federal Reserve, Money and Monetary Policy, Metal, U.S. Department of Agriculture
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