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Press Releases

The flock flees: Twitter hits all-time low

Twitter's stock hit a new all-time low Tuesday, continuing a downward slide after reporting mixed results and weak forward guidance last week.


US Bank workers, ADP hit by tax refund thieves

Some workers at U.S. Bank had their stolen identities used to register fraudulent accounts at human resources software firm ADP.


UPDATE 9-Oil down 2nd straight day; rising output reignites glut worry

*Iraq, Saudis, Iran all signal higher output. NEW YORK, May 3- Oil prices fell for a second day on Tuesday, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the U.S. dollar rebounded and equity markets weakened. Iraq said its oil shipments from southern fields averaged 3.4 million barrels per day in...

Source: Reuters

Apple’s plan for refurbished iPhones in India hits roadblock: Report

Apple’s plan for refurbished iPhones in India hit a roadblock, reported Bloomberg.


US oil drops for 3rd straight day as glut worries return

U.S. oil retreated swiftly from the year's highs hit last week, on renewed glut worries, a rebounding dollar and weaker global equities.

Source: Reuters

Trading the dollar decimation

The dollar hit a 15-month low. What's next? With CNBC's Jackie DeAngelis and the Futures Now Traders.


'Happy Together' copyright dispute in NY top court

ALBANY, N.Y.— New York's highest court has agreed to rule on a case pitting the owner of The Turtles' 1960 hit "Happy Together" against Sirius XM Radio. The case has been referred to the Court of Appeals from a federal appeals court. The case pits Flo& Eddie Inc., which owns The Turtles recordings, against Sirius XM Radio Inc., one of the largest radio and internet-radio...

Source: The Associated Press

Jim Paulsen: Stocks may hit new highs on global growth pop

Wells Capital's Jim Paulsen said Tuesday a potential "global, synchronized pop in growth" could extend the bull market.


European shares touch three-week low, led downward by miners, banks

LONDON/ MILAN, May 3 (Reuters)- European shares fell to three-week lows on Tuesday, with Commerzbank leading decliners after a slump in profits and miners tracking lower metals prices following weak factory data from China. Germany's Commerzbank fell 9.2 percent after posting a 52 percent drop in first-quarter net profit, hit by volatile capital markets and low...

Source: Reuters

UPDATE 1-Nigerian stocks hit 5-week high on MSCI index news

MSCI last month said it would consult investors on the ease of access to the Nigerian stock market in the wake of currency controls introduced last year which could have led to it removing Nigeria from its frontier index. In a statement released late on Friday, the index provider said Nigeria will receive "special treatment" in its upcoming semi-annual index...

Source: Reuters