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    • House Budget Committee member Marsha Blackburn (R-TN) is handed a copy of U.S. President Barack Obama's FY2014 budget proposal upon its arrival on Capitol Hill in Washington April 10, 2013.
      Obama budget would cut deficit by $1.1 trillion over decade: CBO

      WASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion … More »Obama budget would cut deficit by $1.1 trillion over decade: CBO

      House Budget Committee member Marsha Blackburn (R-TN) is handed a copy of U.S. President Barack Obama's FY2014 budget proposal upon its arrival on Capitol Hill in Washington April 10, 2013.

      WASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Friday. The non-partisan congressional budget referee agency said that due to …

    • Traders work on the floor at the New York Stock Exchange
      Dow, S&P end at records, stocks mark fourth week of gains

      By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick … More »Dow, S&P end at records, stocks mark fourth week of gains

      Traders work on the floor at the New York Stock Exchange

      By Leah Schnurr NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial …

    • A patient speaks to Dr. Vinci during his check up at University of Chicago Medicine Primary Care Clinic in Chicago
      Two states say 2014 Obamacare insurance costs on low side

      By Sharon Begley and Caroline Humer (Reuters) - In a boost for President Barack Obama's healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications … More »Two states say 2014 Obamacare insurance costs on low side

      A patient speaks to Dr. Vinci during his check up at University of Chicago Medicine Primary Care Clinic in Chicago

      By Sharon Begley and Caroline Humer (Reuters) - In a boost for President Barack Obama's healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications to sell policies on the states' health insurance exchanges at rates well below what some insurance executives had predicted. …

    • Fuel pumps are seen at a Shell petrol station in London
      Oil price probe widens, senator wants Justice Department help

      By Simon Falush and Timothy Gardner LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, … More »Oil price probe widens, senator wants Justice Department help

      Fuel pumps are seen at a Shell petrol station in London

      By Simon Falush and Timothy Gardner LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key U.S. senator on Friday called for the Justice Department to join the investigation. Dutch trading house Argos …

    • Executive Chairman of Google Eric Schmidt gestures as he speaks at Harvard University in Cambridge
      Google's Schmidt to meet Britain's Cameron as tax row rages

      LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted … More »Google's Schmidt to meet Britain's Cameron as tax row rages

      Executive Chairman of Google Eric Schmidt gestures as he speaks at Harvard University in Cambridge

      LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted the Internet company's tax affairs. The meeting is a routine one and has been long-planned, will include other high-profile …

    • File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago
      May consumer sentiment highest in nearly six years

      By Leah Schnurr NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging … More »May consumer sentiment highest in nearly six years

      File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

      By Leah Schnurr NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling. A gauge of future economic activity released …

    • DirecTV interested in buying video website Hulu: source

      By Liana B. Baker (Reuters) - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation. … More »DirecTV interested in buying video website Hulu: source

      By Liana B. Baker (Reuters) - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation. The person acknowledged that other parties were involved, adding that DirecTV was "one of many" suitors. Media reports …

    • Exterior of Headquarters of SAC Capital Advisors, L.P. in Stamford
      SAC Capital won't fully cooperate with government: letter

      By Emily Flitter and Katya Wachtel NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's … More »SAC Capital won't fully cooperate with government: letter

      Exterior of Headquarters of SAC Capital Advisors, L.P. in Stamford

      By Emily Flitter and Katya Wachtel NEW YORK (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate "unconditionally" with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion hedge fund did not elaborate but said …

    • Job seekers stand in line to meet prospective employers at a career fair in New York City
      Unemployment rates drop in most states, Illinois climbs

      WASHINGTON (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful … More »Unemployment rates drop in most states, Illinois climbs

      Job seekers stand in line to meet prospective employers at a career fair in New York City

      WASHINGTON (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates …

    • A man walks through the lobby of the London Stock Exchange
      Dollar soars, stocks gain amid talk of Fed QE exit

      By Herbert Lash NEW YORK (Reuters) - Global equity markets rose and the dollar soared against a basket of currencies on Friday, reaching a nearly three-year peak, as speculation mounted over whether the … More »Dollar soars, stocks gain amid talk of Fed QE exit

      A man walks through the lobby of the London Stock Exchange

      By Herbert Lash NEW YORK (Reuters) - Global equity markets rose and the dollar soared against a basket of currencies on Friday, reaching a nearly three-year peak, as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program. Wall Street opened higher, with the benchmark S&P …

    • National Debt Clock near Times Square in New York is pictured after extra digit was added to reflect US National Debt
      Treasury gears up to buy time under reimposed debt cap

      By Margaret Chadbourn WASHINGTON (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's … More »Treasury gears up to buy time under reimposed debt cap

      National Debt Clock near Times Square in New York is pictured after extra digit was added to reflect US National Debt

      By Margaret Chadbourn WASHINGTON (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the nation's bills once a temporary suspension in the government's debt ceiling lapses this weekend. To preserve its borrowing capacity, …

    • (Blank Headline Received)
      Gold falls further in longest losing streak in four years

      By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the … More »Gold falls further in longest losing streak in four years

      (Blank Headline Received)

      By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead. Gold has lost nearly 6 percent of its value in the …

    • Canadian Prime Minister Stephen Harper speaks during a business round table at the Waldorf Astoria hotel in New York
      Canada's PM defends aide at heart of growing expenses scandal

      By David Ljunggren OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper defended on Friday a top aide who is at the center of an expenses scandal that is becoming one of the biggest crises to hit … More »Canada's PM defends aide at heart of growing expenses scandal

      Canadian Prime Minister Stephen Harper speaks during a business round table at the Waldorf Astoria hotel in New York

      By David Ljunggren OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper defended on Friday a top aide who is at the center of an expenses scandal that is becoming one of the biggest crises to hit the governing Conservatives since they took office in 2006. Opposition parties want an inquiry into why Nigel Wright, Harper's …

    • Miami Heat's James is defended by Sacramento Kings' Evans and Salmons during NBA basketball game in Miami
      Sacramento Kings owners reach deal to sell team to local investors

      By Eric M. Johnson (Reuters) - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the California team to local investors after the National Basketball Association … More »Sacramento Kings owners reach deal to sell team to local investors

      Miami Heat's James is defended by Sacramento Kings' Evans and Salmons during NBA basketball game in Miami

      By Eric M. Johnson (Reuters) - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the California team to local investors after the National Basketball Association denied a proposal to move the team to Seattle, Sacramento Mayor Kevin Johnson said on Friday. The deal by an investor …

    • A sign stands in front of the JPMorgan Chase & Co bank headquarters building in New York
      Investor group calls on SEC to review change in JPMorgan voting

      By David Henry NEW YORK (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co … More »Investor group calls on SEC to review change in JPMorgan voting

      A sign stands in front of the JPMorgan Chase & Co bank headquarters building in New York

      By David Henry NEW YORK (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off the bank's opponents from polling information. The Council of Institutional Investors, which represents managers …

     

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