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Stock market closes at record high, led by technology; Dow gains 128, the most in a month
April 10 NEW YORK — Technology stocks roared back Wednesday, driving the Standard & Poor’s 500 and Dow Jones industrial average to record highs. The industry has lagged the broader market…
Suu Kyi visit highlights Japan’s push to raise profile, tap business opportunities in Myanmar
April 12 TOKYO — Japan’s long-deferred aspirations for a larger role in Myanmar are getting a boost this coming week with a visit by Nobel Peace Prize laureate and opposition leader…
Did underwater mortgages kill the economy?
April 18, 2013 The housing market, finally, is recovering. Home prices are up 8 percent over the past year. And that is providing relief to a particular set of homeowners…
SeaWorld makes waves on the NYSE as stock climbs after $702 million IPO
April 19 NEW YORK — SeaWorld Entertainment Inc. made a splash Friday in its first day of trading on the New York Stock Exchange. The owner of theme parks famous for…
Manager of top-performing Matthew 25 Fund was confident a rebound would come
April 12 When the Matthew 25 Fund fell 40 percent in 2008, it kept Mark Mulholland awake at night. Mulholland, the founder and sole manager of the mutual fund — named after…
Thermo Fisher to buy Life Technologies in $13.6 billion cash deal
April 15 Thermo Fisher Scientific Inc. plans to pay about $13.6 billion for Life Technologies Corp. in a deal that will position the scientific instrument maker to benefit from the expected…
Correction: Thermo Fisher-Life Technologies-Acquisition story
In an April 15 story about Thermo Fisher Inc.’s plan to buy Life Technologies Corp., The Associated Press misidentified the gender of Morningstar analyst Charlie Miller, who is a woman.…
ING Groep to float stake in US arm for $1.5 billion; business worth much less than book value
April 17 AMSTERDAM — ING Groep NV says it will sell a 25 percent stake in its U.S. arm for around $1.4-$1.5 billion in an initial public offering, as part of…
Satellite operator Intelsat to raise almost $472 million in initial public offering
LUXEMBOURG — Satellite operator Intelsat SA says it expects to raise around $471.7 million from an initial public offering It has set the price for 19.3 million common shares at…
Morgan Stanley CFO says companies still cautious on deal-making; bank rejiggers business plan
April 18 NEW YORK — After getting bludgeoned in the financial crisis, Morgan Stanley is staking its future on the steadier, if less spectacular, business of wealth management. In the first…
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