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Bill McDermott, co-CEO of SAP, said that economic prospects, at least in the U.S., had improved.
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LONDON, Feb 5- Oil edged higher above $115 a barrel on Tuesday as investor concerns faded about political risks in the euro zone, although ample supply could hinder its chances of extending a three-week rally. Shares of British oil giant BP were up 2 percent after its fourth-quarter results beat expectations.
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HONG KONG, Feb 5- Hong Kong shares tumbled to a three-week low on Tuesday, dragged down by a 7 percent slump for China Petroleum and Chemical Corp after the oil giant launched a $3.1 billion new share placement. The China Enterprises Index of the top Chinese listings in Hong Kong slid 2.5 percent.
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Feb 4- Baidu Inc, China's largest search engine company, reported its slowest profit growth since 2009, as competition in the sector heats up and more users switch to mobile search. Shares of Baidu were down 6.7 percent at $100.01 in after hours trading on Monday. Baidu had previously warned of a soft fourth quarter as China's economy slows.
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Feb 4- Baidu Inc, China's largest search engine company, posted a 36 percent rise in profit in the fourth quarter, its slowest growth since 2009 as competition in the sector heats up and more users switch to mobile search. Shares of Baidu were down 85 cents at $106.35 in after hours trading on Monday.
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NEW YORK, Feb 4- Major stock markets fell on Monday and the euro tumbled from multi-month highs against the dollar and yen as political uncertainty in Spain and Italy revived worries that the steps taken to rein in the euro zone debt crisis could unravel. European stocks posted their lowest close of the year, as shares in Spain and Italy tumbled.
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Inside the biggest, riskiest, and most profitable insider stock bets since the financial crisis.
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*Deal allows Oracle to compete better against Cisco. *Oracle shares down 3 pct. Feb 4- Software maker Oracle Corp will buy Acme Packet Inc for $1.7 billion net of cash as billionaire CEO Larry Ellison expands into the networking equipment market long dominated by Cisco Systems Inc..
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NEW YORK, Feb 4- Major stock markets fell on Monday and the euro tumbled from multi-month highs against the dollar and yen as political uncertainty in Spain and Italy revived worries that the steps taken to rein in the euro zone debt crisis could unravel. European stocks posted their lowest close of the year, as shares in Spain and Italy tumbled.
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NEW YORK, Feb 4- Major stock markets fell on Monday as investors booked profits on recent strong gains, while the euro slipped from multi-month highs against the dollar and yen on political uncertainty in Spain and Italy.
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Feb 4- Herbalife Ltd shares fell 10 percent in premarket trading on Monday after a newspaper reported the seller of weight loss products is facing a law enforcement probe. Herbalife said that for a direct selling company of its size it has had relatively low number of complaints to the FTC, the U.S. government's consumer watchdog.
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Chrysler's Jeep ad featuring a patriotic salute to U.S. troops and narration by Oprah Winfrey, an Oreo ad asking viewers to vote cookie or creme, and a scantily clad male Calvin Klein model were among standout commercials during a Super Bowl that suffered a half-hour partial blackout delay on Sunday.
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BAGHDAD/ DUBAI, Feb 4- Shares in Iraqi mobile telephone operator Asiacell jumped the maximum 10 percent in their Baghdad bourse debut on Monday after investors in the company raised $1.24 billion in Iraq's largest-ever share offer. The shares were at 24.2 dinars at 0707 GMT on the Iraq Stock Exchange.
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Amid tougher times, some companies want to leave the China, but they are learning departing is harder than entering. Caixin reports.
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U.S. corporate tax reform should be the top priority in the government's efforts to restore economic growth, FedEx Chairman and CEO Frederick Smith told CNBC.
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Feb 1- Shares of Pfizer Inc's animal health subsidiary Zoetis Inc, which sells drug products and other services for livestock and pets, jumped 21 percent in their New York Stock Exchange debut on Friday. Shares opened at $31.50 after the Madison, New Jersey- based company's stock was priced at $26, above an expected range of $22 to $25 a share.
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*Quarterly sales $11.74 bln, vs view $11.48 bln. Feb 1- Merck& Co Inc's quarterly results beat estimates, but the drugmaker issued a cautious 2013 profit forecast and said it will delay seeking approval for a high-profile osteoporosis drug, sending its shares down 3 percent.
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Net income for Franklin's fiscal first quarter through Dec. 31 totaled $516.1 million, or $2.42 per share, compared with $480.8 million, or $2.20 per share, a year earlier, the San Mateo, California- based firm said. Investors lauded the results, sending shares of Franklin up $2.09, or 1.5 percent, to $138.97 on the New York Stock Exchange.
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Feb 1- Shares of Pfizer Inc's animal health subsidiary Zoetis Inc jumped 21 percent on their New York Stock Exchange debut on Friday. Shares opened at $31.50 after the Madison, New Jersey- based company's stock was priced at $26, above an expected range of $22 to $25 a share. J.P. Morgan Chase& Co, Bank of America Merrill Lynch Corp and Morgan Stanley led the offering.
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*TNK-BP's $55 bln takeover to be closed in H1. MOSCOW, Feb 1- Rosneft came in slightly below forecasts with a 7 percent rise in 2012 net profit on Friday while free cash flow halved ahead of its $55 billion takeover of TNK-BP, sending shares in Russia's top oil producer lower.
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Feb 1- Legg Mason Inc reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and said it should name a permanent chief executive soon. Shares of Legg Mason were down 3.8 percent in early trading, at $26.61, after analysts expressed concern about the outflows.
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