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Exclusive: Bombardier, Hitachi lead bids for Finmeccanica's rail units - sources

Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said.

Aug 15, 2014 3:28 PM EDT

Markets

Exclusive: Shake Shack fast-food chain preparing for an IPO - sources

Shake Shack, the fast-food restaurant chain famous for its hamburgers and milkshakes, is preparing to go public, seeking to tap stock market demand for popular casual dining companies, according to people familiar with the matter.

World

Holders of Argentina eurobonds plan to appeal U.S. court ruling

Holders of euro-denominated Argentine bonds plan to appeal a U.S. judge's ruling blocking the country from making payments on their debt, according to a court filing on Friday.

News

Electrolux in talks to buy GE's appliances business

World number two home appliances maker Electrolux said on Thursday it was in talks to buy General Electric's household appliances business.

Wall St. edges up after Putin comments, Cisco falls

U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.

Aug 14, 2014 1:51 PM EDT

GM to invest $2.8 billion in Brazil in five years: CEO

General Motors Co will invest 6.5 billion reais ($2.8 billion) in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday.

Aug 14, 2014 1:49 PM EDT

Deutsche Bank, BayernLB agree to settle $810 million U.S. suit

Deutsche Bank, Germany's largest bank, and state-backed lender BayernLB [BAYLB.UL] have agreed to settle an $810 million lawsuit in connection with residential mortgage-backed securities, or RMBS, that Deutsche sold to BayernLB.

Aug 14, 2014 1:48 PM EDT

Berkshire Hathaway stock hits new milestone at $200,000

Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.

Aug 14, 2014 12:44 PM EDT

Jobless claims up, trend favors strong labor market

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the increase did little to change views that the labor market was strengthening.

Aug 14, 2014 12:42 PM EDT

Wal-Mart cuts forecast as it spends more on healthcare, online

Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.

Aug 14, 2014 11:59 AM EDT

Speed is of the essence in IPO roadshow tour scramble

Going on the road isn't what it used to be for investment bankers hawking shares in companies seeking a stock market listing.

Aug 14, 2014 11:57 AM EDT

Euro resilient despite gloomy euro zone growth outlook

The euro recovered from near nine-month lows against the dollar on Thursday on relief that the euro zone as a whole did not shrink in the second quarter, despite a contraction in its biggest economy, Germany.

Aug 14, 2014 11:56 AM EDT

Global stocks rise on Putin comments, bonds yields fall

Global equity markets edged higher on Thursday after President Vladimir Putin of Russian sounded a conciliatory note over the crisis in Ukraine, while bond yields in Europe fell to record lows as the euro zone's recovery stalled in the second quarter.

Aug 14, 2014 11:54 AM EDT

How to force yourself to buy low and sell high

Investors who wish they were better at buying low and selling high actually have a tool that can force them to do just that. It's called "rebalancing" - the practice of regularly re-allocating a portfolio so the investments in it stay in their originally intended proportions.

Aug 14, 2014 11:52 AM EDT

COLUMN-Four reasons to ignore market timing and focus on happiness

With global angst going up several degrees, there are myriad reasons to feel nervous about stocks. But that shouldn't compel you into timing the market - focus on your prosperity and happiness instead.

Aug 13, 2014 1:58 PM EDT

How to buy financial advice now

The financial advice business is changing dramatically in every aspect, from how advisers spend their time, to what they charge, to how they label and promote themselves.

Aug 13, 2014 1:56 PM EDT