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Stocks shaved their gains in the final hour of trading Thursday, but still ended modestly higher with the Dow recovering from its worst one-day drop in nearly four weeks, as the latest round of tepid economic data suggested the Fed's bond-buying program would remain intact.
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*Glencore says transactions in line with Italian tax laws. MILAN, June 10- Swiss commodities trader Glencore said on Monday Italian tax authorities were investigating some transactions involving its plant in Sardinia.
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LONDON, June 7- "Production under these circumstances no longer makes sense." So said Ivo Bradvica, general manager of Bosnian aluminium producer, Aluminij Mostar, in announcing the full curtailment of activities at the 130,000- tonne per year smelter. The company has been dependent on a tolling agreement with Glencore for many years.
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*Audi says amount of glue used in its cars to rise 50 pct. BERLIN/ FRANKFURT, June 5- From Pritt stick in school bags to Audi sports cars, adhesives have come a long way since natural gums and resins, and new high-tech variations are currently top of the list for carmakers as they seek ways to make cars lighter and tougher.
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*Audi says amount of glue used in its cars to rise 50 pct. BERLIN/ FRANKFURT, June 5- From Pritt stick in school bags to Audi sports cars, adhesives have come a long way since natural gums and resins, and new high-tech variations are currently top of the list for carmakers as they seek ways to make cars lighter and tougher.
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SINGAPORE, May 30- London copper pulled back on Thursday on fears the United States could start curbing its monetary stimulus programme earlier than expected, dimming the demand outlook for metals. *The most-traded copper contract on the Shanghai Futures Exchange, for September, fell 0.89 percent to 52,150 yuan a tonne.
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Stocks closed modestly lower in a volatile session as market participants weighed better U.S. economic data against the fears the Fed may soon start to curtail its bond buying.
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SINGAPORE, May 17- London copper futures edged lower on Friday to remain on course to end a three-week upward streak, undermined by a firmer dollar and indications that demand from top consumer China is unlikely to pick up strongly as Beijing shuns stimulus measures.
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*Industry cuts will help lift price above $2,000/ tonne. *China market in balance, little likelihood of exports soon. RUSAL estimates a fifth of global production outside China is loss-making, even with demand expected to grow 6 to 7 percent in 2013..
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Consumers and companies are in a mad dash to cut costs. With no real top-line growth, companies—and cash-strapped consumers—are showing more sensitivity to prices.
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May 2- Alcoa Inc plans to invest $275 million over three years to boost the capacity of a Tennessee plant to produce aluminum sheet for the automotive industry, the company said on Thursday. Alcoa will expand the facility in Alcoa, Tennessee, and convert some of its can sheet capacity into automotive sheet production.
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May 2- Alcoa Inc said on Thursday it would invest $275 million over three years to expand a Tennessee facility, boosting its capacity to produce aluminum sheet for the automotive industry.
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May 1- Alcoa Inc said on Wednesday it could shut down as much as another 11 percent of its aluminum smelting capacity, targeting higher-cost facilities amid weak prices.
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*Nickel hits lowest in 3-3/ 4 years after stocks rise to record China manufacturing unexpectedly slows in April. LONDON, May 1- Copper slid on Wednesday, extending its deepest monthly drop in almost a year in April, due to concerns over growth in top metal consumer China and in the United States after data suggested the world's two biggest economies remain fragile.
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REYKJAVIK, April 29- The victory in Iceland's election of parties who would spurn the European Union may keep the country isolated by cementing damaging currency controls in place.
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US companies have easily beaten expectations for first-quarter earnings so far, but analysts don't expect the rest of the season to be as robust.
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NEW YORK, April 28- U.S. companies have easily beaten expectations for first-quarter earnings so far in the reporting season, but nearly half of the members of the S&P 500 are yet to announce results and they are unlikely to be as robust.
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A greater-than-usual number of companies have reported disappointing revenue results and tepid guidance this quarter, leading strategists to expect a more volatile time for stocks.
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IBM's awful earnings performance in the first quarter likely foretells a rough time ahead for the stock market.
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*China cuts up to 700,000 tonnes capacity, adds millions more. LONDON, April 15- Aluminium smelters are set to open in China at a faster pace than producers there and worldwide shut loss-making plants to tackle a glut that keeps the metal's prices weak.
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The stock market baffles investors; the "Mad Man" gets a high "Squawk" honor; and JC Penney stock hits the discount rack—all in our latest installment of "Talking Squawk."
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