Updated: September 1, 2014 | 6:59 am EDT

  U.S. Oil Extends Gains

U.S. Oil Extends Gains

On Wednesday, oil prices extended gains in Asian trade on the news that an important part of the U.S. pipeline may open next month, which will ease oversupplied inventories, according to analysts. The main contract for New York, West Texas Intermediate for delivery in January, had increased to $97.22 which is [...]

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  November Sales for J.C. Penney Increase for Second Time

November Sales for J.C. Penney Increase for Second Time

J.C. Penney Co.  (NYSE:JCP) stated that the sales for stores that have been open for at least one year increased by 10 percent during November, as Mike Ullman, the Chief Executive Officer has tried to reverse the failed attempts to use promotions and upmarket by his predecessor to increase sales. This [...]

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  Chrysler and Cherokee Sales Impress for November

Chrysler and Cherokee Sales Impress for November

The Chrysler Group announced that its new auto sales in November were up by 16 percent, creating their best ever November since back in 2007. This was also the 44th consecutive month of gains in sales for the Auburn Hills based automaker. Last month Chrysler sold over 142,000 vehicles, which is [...]

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  Hilton IPO Estimated to Raise a Record $2.37 Billion

Hilton IPO Estimated to Raise a Record $2.37 Billion

Hilton Worldwide Holdings Inc., which is the hotel chain that was purchased by Blackstone Group LP back in 2007, has plans to raise up to $2.37 billion during its U.S. initial public offering, which will be the largest amount ever raised by a hotel company. With this estimation, the company [...]

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  Separation of Chlorine Business Planned by Dow Chemical

Separation of Chlorine Business Planned by Dow Chemical

Dow Chemical Co. (NYSE:DOW), which is the largest chemical maker in the United States in regard to sales, has plans to separate its chlorine related assets. This includes its epoxy business and is due to the company’s focus on activities that yield higher margins. Currently, the chlorine assets of the [...]

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Agreement made by Bank of America to Pay Freddie Mac $404 Million

  Agreement made by Bank of America to Pay Freddie Mac $404 Million

On Monday, Bank of America Corp  (NYSE:BAC) announced that it will pay a total of $404 million to Freddie Mac in order to resolve the repurchase liabilities on the home [...]

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Bezos Announces Drone Package Delivery Testing by Amazon

  Bezos Announces Drone Package Delivery Testing by Amazon

According to Jeff Bezos, the CEO of Amazon.com (NASDAQ:AMZN), the online retailer is testing drones for same-day package delivering. The announcement was aired on the CBS show “60 Minutes” [...]

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Lloyds Banking Group Names Norman Blackwell New Chairman

  Lloyds Banking Group Names Norman Blackwell New Chairman

On Monday, Lloyds Banking Group Plc (NYSE:LYG), which is the largest mortgage lender in Britain, stated that Norman Blackwell will take the place of the retiring Chairman, Win Bischoff [...]

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4th Quarter Sales for Hewlett Packard Beat Estimates

  4th Quarter Sales for Hewlett Packard Beat Estimates

On Tuesday, Hewlett-Packard (NYSE:HPQ) reported fourth quarter earnings that barely missed the expectations from analysts, with sales better than what was predicted. The tech giant stated that it made [...]

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Barnes & Noble Shows 2Q Profit Backing Full Year Projections

  Barnes & Noble Shows 2Q Profit Backing Full Year Projections

Cost cutting efforts by Barnes & Noble Inc. (NYSE:BKS) have helped to lead the bookstore retailer to a second quarter profit, which has helped to minimize the larger than [...]

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Q3 Profit for Tiffany’s Beats Expectations; Raises Outlook

  Q3 Profit for Tiffany’s Beats Expectations; Raises Outlook

Tiffany & Co. (NYSE:TIF) reported a third quarter profit that beat estimates from analysts and led to an increase in the annual earnings forecast for the Company. This is [...]

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Men’s Wearhouse Offers $1.5 billion for Jos. A Bank

  Men’s Wearhouse Offers $1.5 billion for Jos. A Bank

Men’s Wearhouse (NYSE:MW) has turned the tables on its recent pursuer and has offered to purchase Jos. A Bank for a total price of approximately $1.54 billion. This offer [...]

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New WalMart CEO Announced: Doug McMillon to Replace Mike Duke on Feb. 1, 2014

  New WalMart CEO Announced: Doug McMillon to Replace Mike Duke on Feb. 1, 2014

On Monday, WalMart  (NYSE:WMT) announced that their new CEO will be Doug McMillon, the 47 year old WalMart veteran that started his WalMart career in the warehouse for the company [...]

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PrimeSense the Israeli 3D Chip Developer, Acquired by Apple

  PrimeSense the Israeli 3D Chip Developer, Acquired by Apple

Apple Inc.  (NASDAQ:AAPL) has announced on Monday its acquisition of PrimeSense Ltd., the Israel-based chip development company that provides three dimensional machine vision. A spokesman from Apple has confirmed the [...]

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