CBS Corp.
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Yahoo's acquisition of Tumblr was the biggest venture-backed exit of a New York-based company in the state's history.
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*Bernstein raises target price to $49 from $46; rating market-perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Evercore raises target price to $54 from $53; rating overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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Disappointing economic data hurt stocks early, with losses accelerating in the final hour of trade.
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*Barclays raises target price to $52 from $49; rating overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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NEW YORK, May 2- David Baldacci's new book, "The Hit," soared to the top of the U.S. bestsellers list on Thursday.
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NEW YORK, May 1- Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, two sources said, bringing the capital Cerberus has raised from investors in the last two years to over $11 billion.
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NEW YORK, May 1- Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, two people familiar with the matter said on Wednesday.
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May 1- Sumner Redstone had a good day on Wednesday as his two companies Viacom Inc and CBS Corp reported quarterly results that beat Wall Street estimates on the back of unexpectedly strong TV advertising revenue. Viacom shares touched a new multiyear high before closing up 2.6 percent on the Nasdaq, while CBS shares rose 1 percent in after-hours trading.
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Check out which companies are making headlines after the bell Wednesday:
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Net earnings for the January through March period totaled $463 million, up from $394 million a year earlier, CBS said on Wednesday. Revenue rose 6 percent to $4.0 billion in the quarter, CBS said. CBS Corp operates the CBS broadcast network and cable channels such as Showtime and the CBS Sports Network.
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Net earnings for the January through March period totaled $463 million, up from $394 million a year earlier, CBS said on Wednesday. Revenue rose 6 percent to $4.0 billion in the quarter, CBS said. CBS Corp operates the CBS broadcast network and cable channels such as Showtime and the CBS Sports Network.
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NEW YORK, May 1- CBS Corp:.
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May 1- Broadcaster CBS Corp reported higher profit for the first quarter, helped by advertising during February's Super Bowl broadcast and a jump in revenue from cable channels. Net earnings for the January through March period totaled $463 million, up from $394 million a year earlier, CBS said on Wednesday. Adjusted earnings per share reached 73 cents.
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May 1- Broadcaster CBS Corp reported higher profit for the first quarter, helped by advertising during February's Super Bowl broadcast and a jump in revenue from cable channels. Net earnings for the January through March period totaled $463 million, up from $394 million a year earlier, CBS said on Wednesday. Adjusted earnings per share reached 73 cents.
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Stocks exit April on a new high, and with the promise of continuing easy money policies, investors could be tempted to rethink the "sell in May and go away" strategy of recent years.
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Fitch Ratings says that Deutsche Bank AG reported solid profits in Q113, typically a seasonally strong quarter, aided by cost control. The additional capital and the announced issuance of up to EUR2bn additional Tier 1 and Tier 2 instruments will be positive for senior creditors as Deutsche Bank's loss absorption capacity will improve materially.
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LONDON/ MILAN, April 30 Fitch Ratings says that Deutsche Bank AG reported solid profits in Q113, typically a seasonally strong quarter, aided by cost control.
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*Evercore raises price target to $53 from $47; rating overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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NEW YORK, April 29- Publishing house Macmillan moved on Friday to settle a raft of antitrust suits accusing it of conspiring with other publishers to raise e-book prices, hammering out a $26 million settlement with a group of states and individuals, court filings show. Macmillan is a unit of Verlagsgruppe Georg von Holtzbrinck GmbH, based in Germany.
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LOS ANGELES, April 28- Following are the top 10 movies at North American box offices for the three-day weekend starting April 26, led by "Pain& Gain," according to studio estimates compiled by Reuters. $10.7 million 4 The Big Wedding..................... $7.5 million 5 The Croods..........................