After-Hours Buzz: Merck, Saks, Intuit, NetApp & More
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Wall Street bonuses and staff levels are expected to rise again in 2013, according to a closely watched report released on Friday by a compensation consultancy Johnson Associates.
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May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.
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NEW YORK/ FRANKFURT, May 21- Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might end soon. New York Federal Reserve Bank President William Dudley and St.
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*Bernanke to testify before Congress on Wednesday. The euro rose 0.2 percent to $1.2906, having reached a session peak of $1.2933 and moving away from a six-week low of $1.2795 touched on Friday, according to Reuters data. Focus now shifts to Fed Chairman Ben Bernanke's testimony to Congress at 10 a.m. 1400 GMT) on Wednesday.
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NEW YORK, May 21- Shares of Saks Inc climbed higher Tuesday after the New York Post reported that the luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, citing a source briefed on the matter. They closed up 11.3 percent at $13.67 in regular trade, giving Saks a market value of more than $2 billion.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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WASHINGTON, May 21- The pension gap at U.S. not-for-profit hospitals is growing, according to a Moody's Investors Service report released on Tuesday that found the low interest rate environment is contributing to the shortfall.
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NEW YORK, May 21- U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program. The Dow Jones industrial average gained 52.30 points, or 0.35 percent, to end unofficially at a record 15,387.58.
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In a story May 20 about Pfizer Inc. halting a cancer drug study, The Associated Press erroneously reported the uses of two of the drugmaker's existing cancer medicines. Bosulif is approved for use in certain patients with chronic myelogenous leukemia and Inlyta is for advanced kidney cancer.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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*Corn, wheat prices set April lows as plantings surge. NEW YORK, May 21- Corn prices hit multi-week lows on Tuesday, which pulled wheat lower, after record U.S. corn plantings, while oil and metals markets slipped amid worries the Federal Reserve might cut back its stimulus for the American economy.
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NEW YORK, May 21- Crude oil futures ended lower on Tuesday, falling early as the dollar strengthened, then paring losses as the greenback weakened after a Federal Reserve official said he did not believe the U.S. central bank should pull back on its quantitative easing program.
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FRANKFURT/ NEW YORK, May 21- Two senior Federal Reserve officials on Tuesday played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the Fed might soon dial back its ultra-easy policy. New York Federal Reserve Bank President William Dudley and St.
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NEW YORK-- A William Blair analyst on Tuesday downgraded CarMax Inc. to "Market Perform" from "Outperform," saying that sales expectations for the used car dealership chain may be too high and pointing to the steep increase in its share price.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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Fed purchases $3.31 bln medium-term government debt. NEW YORK, May 21- U.S. Louis Fed President James Bullard took a more dovish tone than he has previously in a speech in Frankfurt, saying that the U.S. recovery has been disappointing and that he can not see a good case for tapering unless inflation increases.
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*Gold's appeal hurt by fears the Fed will ease stimulus. (Recasts, updates prices, adds comments, adds byline, changes dateline NEW YORK/ LONDON, May 21- Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the U.S.
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NEW YORK, May 21- Southern Star Central Gas Pipeline Inc on Tuesday said a portion of its natural gas pipeline near Moore, Oklahoma, was impacted after a tornado struck the region late Monday. Southern Star next-day gas prices, not typically tracked by Reuters but listed on ICE, traded down 3 cents on the day at $3.99, one of the only losers on the ICE gas price list.
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NEW YORK-- Solar companies traded mostly higher on Tuesday as Yingli Green Energy Holdings Co. raised its first-quarter solar shipment forecast. Yingli's revised outlook comes one day after Chinese panel maker JA Solar Holdings Co. announced a rare rise in first-quarter revenue and a smaller-than-expected loss for the period.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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NEW YORK-- Hhgregg Inc.' s shares tumbled Tuesday after the electronics and appliance retailer reported a slightly better-than-expected fiscal fourth-quarter profit, but its revenue fell well short of Wall Street predictions. THE SPARK: Hhgregg said late Monday that it earned $9.9 million, or 31 cents per share.