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"Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch, though its debut wasn't the stellar voyage some hoped.
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NEW YORK, May 5- Superhero sequel "Iron Man 3" rocketed to the top of U.S. and Canadian box office charts, kicking off Hollywood's summer movie season with an estimated $175.3 million in weekend ticket sales for the second biggest opening of all time.
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NEW YORK, May 5- Superhero sequel "Iron Man 3" rocketed to the top of U.S. and Canadian box office charts, kicking off Hollywood's summer movie season with an estimated $175.3 million in weekend ticket sales for the second biggest opening of all time.
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NEW YORK, May 3- Four minority shareholders with roughly 9 percent of Clearwire Corp's shares have agreed to work together to seek a better deal for the wireless service provider, which agreed to be sold to majority owner Sprint Nextel Corp.
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May 3- Dish Network Corp's billionaire chairman and founder, Charlie Ergen, may command all the attention when it comes to Dish's $25.5 billion bid for Sprint Nextel Corp, but behind him is a somewhat anonymous technology junkie driving Dish's wireless strategy.
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*Janney raises fair value estimate to $49 from $48; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Jefferies raises price target to $48 from $45; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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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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Stocks kicked off May with a big thud, with major averages dropping nearly 1 percent across the board, as a batch of weaker-than-expected economic data overshadowed the Federal Reserve's plan to maintain its stimulus program.
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**MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.
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Comcast reported earnings that topped Wall Street analysts' estimates by a penny a share on Wednesday, driven by gains in its cable and theme park businesses.
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*Time Warner, Comcast, Viacom all top Wall St estimates. May 1- Some of the biggest U.S. media conglomerates beat earnings expectations on Wednesday, though Time Warner Inc, Viacom Inc and Comcast Corp all showed signs of being susceptible to swings in TV advertising revenue.
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The recovery in the U.S. economy is "slow and steady," Comcast Chairman and CEO Brian Roberts tells CNBC after the release of better-than-expected earnings.
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**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. U.S. health regulators rejected an experimental drug to treat opioid addiction made by Titan Pharmaceuticals and asked for additional data showing it works, the company said.
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**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. **NEUTRAL TANDEM INC, $4.12, up 38 pct.
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Record quarterly earnings. That's right. Record. First-quarter earnings for the S&P 500 currently stand at $26.44, according to S&P Capital IQ, the highest ever for a single quarter.
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Wall Street was set for a slightly lower open on Wednesday, weighed by weak results from Merck and as investors waited to hear from the U.S. **MERCK& CO INC, Tuesday close $47, down 5 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 5 pct premarket.
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U.S. stock index futures were flat ahead of the outcome of the Federal Reserve's two-day meeting and after the S&P 500 set a fresh all-time high in the previous session.
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Time Warner says earnings grew 24 percent in the first three months of the year, as the company benefited from strength in its television networks.
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Wall Street was set for a flat open on Wednesday as investors waited to hear from the U.S. **MERCK& CO INC, Tuesday close $47, down 5 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 5 pct premarket.