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Forbes Earnings Preview Aeropostale
to have a poor quarter and swing to a loss when it reports its first quarter earnings on Thursday, May 23, 2013. They are expecting Aeropostale to come in at a loss of 18 cents per share, a reversal from earnings of 13 cents per share a year ago. The consensus estimate has fallen over the past three months, from 9 cents. Analysts are projecting earnings of 46 cents per share for the fiscal ...
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IRS Official Denies Invokes Fifth
"I have not done anything wrong," asserts IRS official Lois Lerner, invoking her Fifth Amendment right, refusing to answer questions about her involvement in the improper targeting of conservative groups by the ...
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Why Millionaire Investors Are in Cash
Today's wealthy investors seem to have split personalities. Part of them is brimming with confidence and optimism. Survey after survey shows that they are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. Then there is the darker side. When it comes to their outlook on the broader economy or in stock markets, they ...
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Women Hold Slight Edge in Credit Scores
When it comes to managing credit, American women have a slight edge over men, according to a study of credit reports by the credit report agency ...
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Are Banks Too Big to Regulate
Gary Parr, Lazard vice president, discusses how investor activism impacts corporate governance; and explains how regulations and stricter capital controls are impacting big ...
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Delayed dreams Many returning students among class of 2013
3 hours ago The bright, optimistic faces of the class of 2013 will include more than a few with lines of experience and a perhaps even a smattering of gray hairs.Older Americans make up a significant chunk of students who have headed into the classroom in recent years, and are now heading out into the job market in the hopes that their degrees will help them land a job in the improving ...
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Where the Wealthy Are Investing
Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic ...
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JPMorgans Corporate Governance Fallout
JPM's Jamie Dimon survived an effort by shareholders to split his roles as chairman and CEO. CNBC's Kayla Tausche takes a look at how the outcome may impact other corporate ...
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Is Facebook Losing Its Cool Factor
A new study shows teens are flocking to Twitter, Instagram, Tumblr, and SnapChat because too many adults are using Facebook, reports CNBC's Becky ...
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Stocks open higher ahead of Bernanke testimony
Stocks opened higher on Wednesday as markets await Congressional testimony from Federal Reserve chief Ben Bernanke on the economy and monetary policy at 10:00 a.m. for any hints as to when the central bank may consider reducing quantitative ...
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Bernanke Fed to keep its foot on the economys gas pedal
The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on ...
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Lois Lerner Takes the Fifth at Tax Hearing
"I have not done anything wrong," asserts IRS official Lois Lerner, invoking her Fifth Amendment right, refusing to answer questions about her involvement in the improper targeting of conservative groups by the ...
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African-Americans retiring earlier with less savings
A new study released Tuesday by Prudential finds African-Americans retire earlier than the general population on average, despite significantly lower retirement savings. About 25 percent of African-Americans surveyed expect to retire before age 60, compared to 20 percent of the general population. Among current retirees, the average retirement age for African-Americans is 56, according to the ...
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China boosts US investment to all-time high seeks more
Although all the news about Chinese investment in the U.S. has focused on the deals that don't get done, Chinese investment in the U.S. is at an all-time ...
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Boeing says 787 battery retrofits to be done by next week
BA.N ) is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on ...
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SocGen moves to fire Rosbank CEO after arrest
Vladimir Golubkov, the head of Societe Generale's Russian unit Rosbank, looks out from a holding cell during a court hearing in Moscow May 16, ...
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BP to invest $2.85 billion in Iraqs largest oilfield
BP.L ) has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On ...
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Bernanke offers no hint of pullback in Fed stimulus
Chairman of the Federal Reserve Bank Ben Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington April 25, ...
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Toll Brothers profit beats on higher home prices
TOL.N ) reported stronger-than-expected results on higher average selling prices and booked its highest quarterly orders in seven years, sending its shares up 7 ...
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Boeing defense chief sees rising RD margins
BA.N ) expects to continue growing its research and development spending and operating margins in coming years, regardless of what happens with top line revenues, the head of Boeing Defense Space and Security said on ...
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Suntechs local creditors claim $2.5 billion as restructuring starts
WUXI, China/HONG KONG (Reuters) - Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last ...
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Highlights Bernankes prepared testimony to congressional panel
WASHINGTON – Below are highlights of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. At its most recent meeting, the Committee made clear that it is prepared to increase or reduce the pace of its asset purchases to ensure that the stance of monetary policy remains appropriate as the outlook for ...
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Bernankes prepared testimony to Joint Economic Committee
WASHINGTON – Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the Committee, I appreciate this opportunity to discuss the economic outlook and economic policy. Current Economic Conditions Economic growth has continued ...
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Stocks Jump as Bernanke Defends Aggressive Fed Easing
FOX Business: Capitalism Lives Here The markets posted solid gains on Wednesday after Federal Reserve chief Ben Bernanke backed the central bank's highly-expansionary monetary policy and warned of the risks of withdrawing too soon. Today's Markets As of 10:12 a.m. ET, the Dow Jones Industrial Average climbed 99.3 points, or 0.65%, to 15457, the S&P 500 advanced 12.1 ...
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Qatar Petroleum Takes 15 in Total Project in Congo
Qatar Petroleum agreed to take a 15% stake in the Total SA (TOT) oil and gas exploration project in Congo, both companies said in a joint statement Wednesday.MAIN FACTS:- Qatar Petroleum will take a stake in the project through a capital increase.- The companies didn't disclose the amount of the capital increase.- The participation shows Qatar's commitment to invest in Africa.-Write to ...
Pittsburgh Feature
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Pittsburgh's East Liberty may emulate Market Square
East Liberty in Pittsburgh is to undergo another construction project aimed at revamping the neighborhood and enhancing its potential as a market center, possibly using the recently completed redevelopment of Market Square in downtown Pittsburgh as a model.
East Liberty is a 254 acre neighborhood in Pittsburgh and one of the city’s more overlooked areas with crime rates that are higher than the rest of the city and a general lack of robust economic activity, which has led to some degree of social decay. Read more
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