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Dow Movers: KO, CAT By Clip Syndicate In early trading on Tuesday, shares of Caterpillar (CAT) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.0%. Year to date, Caterpillar registers a 5.6% gain. ...Read More »
Dow Movers: KO, CAT By Clip Syndicate In early trading on Tuesday, shares of Caterpillar (CAT) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.0%. Year to date, Caterpillar registers a 5.6% gain. ...Read More »
In Louisiana, Both Sides Claim Defense Of Medicare By Clip Syndicate An old political standby — the future of Medicare — is emerging as the go-to issue in Louisiana's bitter Senate race as the candidates woo seniors who typically wield strong influence in midterm elections. The challenge for voters is to figure out which side, if either, is telling the whole truth about who would cut and who would protect the popular insurance program. ...Read More »
Total CEO De Margerie Killed In Moscow As Jet Hits Snow Plough By Clip Syndicate The chief executive of French oil company Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night. De Margerie's death leaves a void at the top of one of the world's biggest listed oil firms at a difficult time for the industry as oil prices fall and state-backed competitors keep them out of some of the best oil exploration territory. The collision occurred minutes before midnight Moscow time as de Margerie's Dassault Falcon jet was taking off for Paris. Russia's Investigative Committee said the driver of the snow plough had been drunk and that a criminal investigation had been launched. The plane's three crew also died, said Total.

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ECB Looking At Corporate Bond Buys, Could Move As Soon As December - Sources By Clip Syndicate Sources say the ECB is looking at corporate bond buys.The ECB has already carried out work on such purchases, which would widen out the private-sector asset-buying program it began on Monday - stimulus it is deploying to try to foster lending to businesses and thereby support the euro zone economy. One person familiar with the work inside the ECB, speaking on condition of anonymity said, "The pressure in this direction is high." Asked about the possibility of making such purchases, an ECB spokesman said: "The Governing Council has taken no such decision."

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AbbVie Says $55 Billion Acquisition Of Shire Officially Dead By Clip Syndicate U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. Treasury Department aimed at curtailing a wave of such deals in which U.S. companies would redomicile overseas to take advantage of lower corporate tax rates in other countries. ...Read More »
UPS Says U.S. Rates To Rise 4.9 Percent As Of December 29 By Clip Syndicate Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year. The Atlanta-based company said the rate changes for its ground, air, international and freight services would start Dec. 29. Last month, the company's main rival FedEx Corp announced a similar rate increase of 4.9 percent, which also includes shipments between the United States and Mexico, plus within Mexico. FedEx's rate increase will take effect on Jan. 5.

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SunEdison Shares Rise On Report Of Einhorn Recommendation By Clip Syndicate SunEdison's shares shot higher on Monday and its options activity spiked up following a report that Greenlight Capital's David Einhorn recommended the stock at a closed-door investor conference in New York on Monday. The solar company's shares were up 9.3 percent to$18.19 on the New York Stock Exchange. SunEdison's options were also active with 27,000 calls and about 10,000 puts traded by 1:40 p.m., according to options analytics firm Trade Alert.

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Wall Street Urges U.S. Regulators' Joint Cybersecurity Approach By Clip Syndicate Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The recommendation by the Securities Industry and Financial Markets Association was one of several unveiled on Monday as part of a new paper that lays out proposed "principles for effective cybersecurity regulatory guidance."

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Health Law Fails To Control Costs, But GOP Alternative 'Worse Than Obamacare' By Clip Syndicate The Wall Street Journal reports that a major claim of ObamaCare’s political salesmen is that it will reduce U.S. health spending. The heart of this claim is the Accountable Care Organization--or ACO-- but already evidence is accumulating that it isn't working. If the ACO goes the way of every other previous HHS adventure in false omniscience, government planners will invariably turn to rationing care. ...Read More »

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