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  • Outsourcing is back—and that's good for business Wednesday, 7 Aug 2013 | 11:13 AM ET
    Gordon Coburn, president of Cognizant at the company's corporate headquarters in Teaneck, N.J.

    This earnings season IT outsourcing firms have posted surprisingly upbeat earnings, a sign tech spending by U.S. corporations is slowly coming back, said analysts.

  • Powerball players flock to 'lucky' stores Wednesday, 7 Aug 2013 | 11:12 AM ET
    A sign outside the One Stop Mart shows the winning amounts for lottery games including the $550 million for the Powerball jackpot in Chicago, Illinois.

    Stores known for selling winning tickets have seen their business pick up as crowds hoping to win the Powerball pour in, crossing their fingers that luck will strike again.

  • US is becoming the 'refiner to the world' Wednesday, 7 Aug 2013 | 10:59 AM ET
    A ConocoPhillips refinery in Wilmington, California.

    U.S. refineries are expanding their diesel-production capacity, not so much for truckers in the U.S., but for drivers in places like Mexico City and Santiago, Chile.

  • $20,000 or $80,000? Xerox scanner may change digits Wednesday, 7 Aug 2013 | 10:44 AM ET

    While scanning a blueprint on a common Xerox scanner, a student found that numbers on his document seemed to have completely switched. Xerox has since responded to the problem.

  • Food stocks at record highs, can still go up: Pros Wednesday, 7 Aug 2013 | 10:37 AM ET

    Although shares of many packaged food companies are hitting all-time highs, there is still room at the table for new investors to join the food stock feast.

  • Obama cancels Putin meeting amid Snowden spat Wednesday, 7 Aug 2013 | 10:23 AM ET
    Russia's President Vladimir Putin and President Barack Obama

    President Barack Obama has canceled a planned meeting in Moscow with Russia's President Vladimir Putin—a diplomatic snub that follows tensions over NSA leaker Edward Snowden.

  • Glencore, JPMorgan sued over warehouse aluminium Wednesday, 7 Aug 2013 | 9:00 AM ET

    Glencore Xstrata and JPMorgan face a U.S. lawsuit alleging they artificially inflated aluminium prices, the second legal challenge related to metal warehousing in a week.

  • Here's why people fear Fed policy, but shouldn't Wednesday, 7 Aug 2013 | 8:59 AM ET
    The U.S. Federal Reserve building in Washington, D.C.

    The Fed's policies have led to a huge increase in reserve balances in the banking system. But since banks don't lend out reserves, this isn't the problem people think it is.

  • US job growth steady; federal hiring drops: Gallup Wednesday, 7 Aug 2013 | 8:34 AM ET
    A jobs sign is seen on the U.S. Chamber of Commerce Building in Washington.

    A monthly gauge of U.S. employment held steady in the latest week, underscoring little movement in overall hiring yet showing a "significant decline" in federal government jobs.

  • Wal-Mart may bid for Li's supermarkets Wednesday, 7 Aug 2013 | 8:33 AM ET

    Wal-Mart Stores is considering making a bid for the Hong Kong supermarket business being sold by a company controlled by Asia's richest man Li Ka-shing, according to sources.

  • Yahoo is getting a new logo—in a month Wednesday, 7 Aug 2013 | 8:16 AM ET

    Internet icon Yahoo is changing its distinctive logo for the first time in nearly two decades.

  • Closing Fannie, Freddie could boost mortgage rates Wednesday, 7 Aug 2013 | 6:22 AM ET

    Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac.

  • Washington warily takes on mortgages Wednesday, 7 Aug 2013 | 5:58 AM ET

    Efforts to change the system for financing homeownership will be difficult, because Americans like inexpensive mortgage loans. The New York Times reports.

  • Disney expects big 'Lone Ranger' loss Tuesday, 6 Aug 2013 | 5:35 PM ET
    Johnny Depp as Tonto in Disney's Lone Ranger

    Disney earnings beat amid growth at its theme parks and media networks but there was weakness at the movie division and the company projected a big loss from the "Lone Ranger."

  • Bank of America accused of $850 million fraud Tuesday, 6 Aug 2013 | 4:09 PM ET
    Bank of America in Times Square, New York.

    The DOJ on Tuesday said it had filed a civil lawsuit against Bank of America for what government lawyers said was a fraud on investors.

  • Kutcher: I was 'terrified' portraying Steve Jobs Tuesday, 6 Aug 2013 | 3:24 PM ET
    Actor Ashton Kutcher plays Steve Jobs in the red carpet premiere of "Jobs".

    Actor Ashton Kutcher talks about his starring role in Jobs, the upcoming biopic about the late tech innovator Steve Jobs, which he hopes will inspire the unemployed.

  • Siegel: Keep buying—you 'can’t lose' Tuesday, 6 Aug 2013 | 2:40 PM ET
    Jeremy Siegel, economist and Wharton professor of finance

    Jeremy Siegel has been mocked for his bullishness, but his recent calls have been dead-on. Now he's doubling down.

  • Now even Fed dove sees taper soon Tuesday, 6 Aug 2013 | 2:32 PM ET
    harles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago.

    The Fed will probably reduce its bond-buying stimulus program later this year, and depending on the economic data could do so as early as next month, a top Fed official said on Tuesday.

  • It's the Rodney Dangerfield of bull markets, LPL Financial's Jeff Kleintop says.

  • Loeb to 'wait and see' after Sony nixes spin-off Tuesday, 6 Aug 2013 | 12:01 PM ET
    Daniel Loeb, founder and chief executive officer of Third Point LLC

    Billionaire investor Dan Loeb's Third Point is taking a "wait-and-see approach" after Sony on Monday evening rejected its plan to spin off the company's entertainment business.

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