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Stocks open mixed as investors eye Federal Reserve
Stocks were narrowly mixed Monday, as investors seemed to take a breather after major averages finished higher for the fourth-consecutive week and amid ongoing concerns the Federal Reserve may begin to taper off its quantitative easing program sooner than expected.The Dow Jones Industrial Average was slightly lower, dragged by Cisco and Merck. The S&P 500 and the Nasdaq struggled for di...
Mon, 20 May 2013 14:30:25 GMT
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Detroit roars back after years of quality issues
Isaac Davis, a salesman from the Detroit suburb of Southfield says he would love to buy a car from his home state. "But," he lamented, "I just dont think the quality is there.Davis isn't alone. In recent decades, millions of Americans have walked away from General Motors, Ford and Chrysler because of quality, reliability and service problems. Even Mark Reuss, president of GMs North American ope...
Mon, 20 May 2013 14:02:23 GMT
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Vowing 'not to screw it up,' Yahoo buys Tumblr
Yahoo and Tumblr made their wedding vows Monday with the stumbling Web search giant publicly announcing its promise not to "screw up" the relationship.Yahoo confirmed it will buy the blogging website for $1.1 billion cash, in a bold move to make itself more relevant amid the explosion in social media on the Internet.It was old new media hooking up with new new media. Even as Yahoo's CEO Marissa Ma...
Mon, 20 May 2013 14:02:23 GMT
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