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Press Releases

US stocks close higher as materials gain nearly 1 percent

U.S. stocks closed higher as investors looked ahead to Federal Reserve Chair Janet Yellen's speech at the end of the week.


Fortescue reports tripled full-year profits, says iron ore moving back into balance

Australia's Fortescue Metals Group reported a full-year net profit of $985 million, triple last year's $316 million net profit for the year to end-June.


Let’s not take a victory lap on the end of private prisons just yet

The Justice Department may be ending the use of private prisons but most immigrant-detention centers are still privately owned, says Julissa Arce.


Record-breaking cars not enough to boost sales at Pebble Beach auctions

Sales at high-end car auctions in Pebble Beach and Monterey, California, fell 14 percent from last year.


Look for two new PS4 console models in September

Sony hopes to attract gamers with a new standard model as well as a new high-end version of the gaming console.


Sony to release two new PS4 models

The two new versions will feature one standard model and a higher-end version with 4K video capabilities.


Economist: Dollar/yen to head to 104 levels by year-end

Complete Intelligence's Tony Nash expects the Bank of Japan to roll out dramatic monetary policy measures, but not fiscal policy.


Can you trust dividends?

As investors look for dividends, will the chase for yield end badly? CNBC senior markets commentator Mike Santoli discusses dividend concerns, at the NYSE.


Prison stocks rebound

CNBC's Scott Cohn discusses how prison stocks are rebounding amid damage control from yesterday's news that Justice Department will end its use of private prisons.


Viacom, Redstone reach a truce: Sources

The battle for control over Viacom appears to have come to an end. As part of the agreement, Viacom CEO Philippe Dauman will leave and receive roughly $72 million in severance.