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Fidelity Investments received permission from U.S. regulators to open its own actively managed exchange-traded funds.
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BOSTON, April 12- A top Federal Reserve official on Friday defended the U.S. central bank's dual mandate of full employment and price stability, and pointed to economic trends that suggest an even more accommodative policy stance might have been needed since the Great Recession.
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WASHINGTON, April 11- Batteries like the one that burned on a Boeing Co 787 Dreamliner in January can be made safer, but doing so can cut performance and raise costs, experts told U.S. safety investigators on Thursday.
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*Wyoming Senator blasts EPA's role in "chronic unemployment". WASHINGTON, April 11- President Barack Obama's pick to lead the U.S. Environmental Protection Agency told a Senate panel on Thursday that coal will remain important in the U.S. energy mix and that the EPA will be flexible in applying new pollution rules for coal-fired power plants.
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WASHINGTON, April 11- President Barack Obama's pick to lead the U.S. Environmental Protection Agency told a Senate panel on Thursday that coal will remain important in the U.S. energy mix and that the EPA will be flexible in applying new pollution rules for coal-fired power plants.
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April 10- AMR Corp's American Airlines, moving to gain more business travelers, on Wednesday said it plans to expand service from Los Angeles by adding flights to nine cities this year.
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BOSTON/ NEW YORK, April 9- William Ackman's multiyear bet that he could overhaul ailing retailer J.C. Penney looks like it may end up being one of his $12 billion hedge fund's worst investment blunders.
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BOSTON, April 9- The Hartford Capital Appreciation Fund's bottom-up investment research on J.C. Penney Company Inc appears to have gotten an old-fashioned beatdown with an ill-timed bet on the retailer late last year.
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BOSTON/ NEW YORK, April 9- William Ackman's multiyear bet that he could overhaul ailing retailer JC Penney looks like it may end up being one of his $12 billion hedge fund's worst investment blunders.
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April 9- The board of J.C. Penney Co Inc is facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own embattled predecessor, Myron Ullman. More than 16 hours after the change, Penney's website still listed Johnson as CEO.
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NEW YORK, April 7- The stock market's robust rally was slowing even before Friday's jobs report, but the red flag sent up by the weak payrolls data makes the path to more gains less secure.
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NEW YORK, April 5- The stock market's robust rally was slowing even before Friday's jobs report, but the red flag sent up by the weak payrolls data makes the path to more gains less secure.
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April 5- U.S. securities arbitrators ordered a former employee of Merrill Lynch, Deutsche Bank and Oppenheimer& Co to pay nearly $11 million to an investor who alleged the broker misrepresented securities and made excessive trades.
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*Dollar on track to rise toward 100- yen mark. NEW YORK, April 5- The U.S. dollar weakened against most major currencies on Friday, dropping to a two-week low against the euro, as worse-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
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*About 80 percent of stocks on NYSE, Nasdaq in red. *F5 Networks plunges after weak outlook, weighs on peers. NEW YORK, April 5- The S&P 500 was on track for its worst weekly performance of the year on Friday after weaker-than-expected U.S. jobs data added to worries the U.S. economy could be losing momentum.
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Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
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April 5- Yankee Candle Co Inc has attracted offers from several private equity firms in a sale process that could value the largest scented candle maker in the United States at about $2 billion, people familiar with the matter said. Madison Dearborn Partners LLC, another buyout firm, acquired Yankee Candle in 2006 for $1.6 billion.
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*Dollar on track to rise toward 100- yen mark. NEW YORK, April 5- The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
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Speaking bluntly, Ackman, who sits on the JC Penney board and whose $12 billion Pershing Square Capital Management is the company's largest shareholder, said big mistakes have been made remaking the 110 year-old retail brand.
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CHICAGO, April 3- BBQ fans, brace yourselves: "Pork butt" will soon be a thing of the past. The revised nomenclature emerged after two years of consumer research, which found that the labels on packages of fresh cuts of pork and beef are confusing to shoppers, said Patrick Fleming, director of retail marketing for trade group National Pork Board.
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*Healthcare stocks rally, Humana is S&P's top gainer. Humana, which derives about two-thirds of its revenue from Medicare Advantage business, rose 7 percent to $80.11. UnitedHealth Group rose 6.2 percent to $62.67, and Cigna Corp was up 4.1 percent to $65.49.