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Best Buy results top estimates; outlook maintained
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NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly results and maintained its outlook for the year as a turnaround plan started to take hold, sending shares in the world's largest consumer electronics chain up more nearly 4 percent.Created less than a minute ago
Stock futures drop on global growth concerns
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NEW YORK (Reuters) - Stock index futures edged lower on Tuesday after Japan's sovereign rating was cut by Fitch as a political stalemate dimmed chances the country could curb its snowballing debt.Created about a minute ago
Best Buy sales top estimates; outlook maintained
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NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly sales and maintained its outlook for the year, sending its shares up on Tuesday.Created 16 minutes ago
Glencore takes control of Mutanda with $480 million deal
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LONDON (Reuters) - Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger of the mine with its nearby Kansuki concession.Created 16 minutes ago
Egypt's struggle will go on after vote-activists
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CAIRO (Reuters) - Egypt holds its first genuinely contested presidential election this week, but Amr Adel believes nothing will really change as long as the military keeps an overt or covert grip on power.Created 29 minutes ago
Fitch cuts Japan as politics hinders debt plan
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TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.Created 32 minutes ago
Brad Pitt mob movie portrays broken American dream
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CANNES, France (Reuters) - Brad Pitt's latest movie paints a bleak picture of the broken American dream, blending a violent but comic gangster story with overt criticism of politicians' failure to address the economic crisis.Created 42 minutes ago
Eight shot outside NBA playoff game in Oklahoma
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OKLAHOMA CITY, OK (Reuters) - Eight people were wounded, one critically, by gun shots fired as thousands of sports fans left a National Basketball Association playoff game late Monday, police said.Created 45 minutes ago
IMF tells Britain: Do more to drive growth
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LONDON (Reuters) - Britain must do more to bolster demand and the Bank of England should purchase more assets or even cut its main interest rate - already at a record low - to prevent years of sluggish growth, the International Monetary Fund said on Tuesday.Created 46 minutes ago
Vodafone makes writedown on European weakness
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LONDON (Reuters) - Mobile operator Vodafone made a writedown of 4 billion pounds ($6.3 billion) and cut its medium-term sales target as the debt crisis squeezed customers in southern Europe, forcing them to save money on phone calls.Created 46 minutes ago
Royal Opera's "Falstaff": Big knight on a big horse
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LONDON (Reuters) - A new production of Verdi's "Falstaff" at the Royal Opera features a big man on a big horse, and it could only flop if the Italian baritone Ambrogio Maestri could not sing the title role, which is manifestly not the case.Created about an hour ago
IAEA chief says nears deal with Iran ahead of 6-power talks
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VIENNA (Reuters) - The U.N. nuclear watchdog chief said on Tuesday he expected to sign a deal with Iran soon to ease investigation into suspected work on atom bombs, potentially brightening prospects for big-power talks with Tehran to stop a drift towards conflict.Created about an hour ago
U.N. observers see Syrian forces kill two: rebels
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AMMAN (Reuters) - Syrian police killed two people on Tuesday when they opened fire on a crowd who came out to welcome United Nations observers in the eastern province of Deir al-Zor, a rebel official said.Created 1 hour ago
Nissan aiming for 10 percent of China luxury car market
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HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG.Created 1 hour ago
Nissan aiming for 10 percent of China luxury car market
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HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG.Created 1 hour ago
Ramadan sets Muslim athletes extra test at London Games
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LONDON (Reuters)- When Malaysian cyclist Azizulhasni Awang opted to postpone his Ramadan fast until after the London Games, the decision was all about going for Olympic gold.Created 1 hour ago
North Korea to boost nuclear deterrent after U.S. pressure
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SEOUL (Reuters) - North Korea vowed on Tuesday to bolster its nuclear deterrent in response to diplomatic pressure from Washington over a recent failed rocket launch.Created 1 hour ago
Tesco CEO turns down $590,000 bonus
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LONDON (Reuters) - Tesco boss Philip Clarke has opted not to take an annual bonus of about 372,000 pounds ($588,000) following a poor performance by the world's third-biggest retailer in its main British market.Created 2 hours ago
Citigroup says cautious on U.S. small-, mid-cap cos
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(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States.Created 2 hours ago
After Yahoo deal, challenges abound for Alibaba
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SHANGHAI (Reuters) - China's Alibaba Group could command a Facebook-rivalling valuation of $100 billion when it comes to list its shares, possibly by 2015 - but its more immediate challenge is to hang on to top spot in the country's $36 billion e-commerce market.Created 2 hours ago
