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Weak oil prices, China worries weigh on Wall Street

2015-08-03 22:14:45| Chemicals - Topix.net

U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. REUTERS: U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy.

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Wall Street ends lower as weak oil weighs

2015-08-01 03:09:51| Chemicals - Topix.net

Wall Street ended the week on a sour note as a drop in energy stocks eclipsed wage data that supported expectations that the US Federal Reserve might hold off on moving interest rates. Exxon Mobil shares dropped 4.58 percent while Chevron lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices.

Tags: street lower wall oil

The Wall Street Journal: Avago-Broadcom deal not guaranteed to be tax-free

2015-07-31 05:01:21| Semiconductors - Topix.net

Avago Technologies Ltd. said the Internal Revenue Service has declined to assure that its pending $37 billion takeover of Broadcom Corp. will be tax-free to that company's shareholders, highlighting an unusual consequence of some cross-border deals. said in May, when they announced their tie-up, that they would seek an IRS ruling that the deal qualified as a tax-free reorganization.

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Wall Street expects big third quarter profits for Tyson Foods

2015-07-31 01:59:16| Food - Topix.net

Analysts predict Tyson Foods will earn $387 million in fiscal third quarter net income, a gain of 45% from the year-ago period. That equates to 93 cents per share, a healthy increase from 75 cents reported in the 2014 third quarter.

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