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Barnes & Noble, Elan, WebMD are big movers
Barnes & Noble, Elan, WebMD are big movers
Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Barnes & Noble Inc., up $1.55 at $15.06 Leonard Riggio, the bookseller's founder and chairman, told the company that he is going to try to buy its retail business. Hertz Global

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Movers roundup: Universal Display, Amgen
Movers roundup: Universal Display, Amgen
Among the stock activity stories for Monday, Feb. 25, from AP Business News: — Shares of Universal Display Corp. dropped after a Piper Jaffray analyst cut his earnings estimates, saying the supplier of materials used in smartphone displays faces new challenges in its relationship with Samsung. —

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A guide to the complex Gulf oil spill case
A guide to the complex Gulf oil spill case
Monday marked the start of a potentially monthslong trial to determine the cause of a well blowout that triggered a massive oil spill and killed 11 oil workers in the Gulf of Mexico nearly three years ago. The trial also will assign blame for the spill. A glance at the history of the spill, the pla

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US Treasury bills rise at weekly auction
US Treasury bills rise at weekly auction
Interest rates on short-term Treasury bills rose in Monday's auction with rates on three-month Treasury bills rising to the highest level in two years. The Treasury Department auctioned $35 billion in three-month bills at a discount rate of 0.125 percent, up from 0.115 percent last week. Another $3

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Stifel Financial 4Q profit jumps 48 percent
Stifel Financial 4Q profit jumps 48 percent
Stifel Financial Corp., a brokerage and investment banking company, said on Monday that its fourth-quarter earnings jumped 48 percent on strong revenue gains at its wealth management and institutional business segments. The St. Louis-based company posted net income of nearly $40 million, or 63 cent

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Iran selects 16 sites suitable for nuclear plants
Iran selects 16 sites suitable for nuclear plants
Iran has selected 16 locations as suitable for new nuclear power plants it intends to build to boost its energy production over the next 15 years, authorities said on Saturday. The Islamic republic says it needs 20 large-scale plants to meet its growing electricity needs over the next one-and-a-hal

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Humana says CFO Bloem will retire at year end
Humana says CFO Bloem will retire at year end
Health insurer Humana Inc. said Monday that Chief Financial Officer and Treasurer James Bloem will retire at the end of this year. Bloem, 62, has been with Humana since 2001 and will assist in the transitions of both roles. Humana said it will look for replacements inside and outside the company. H

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Rights group urges Yemen to investigate violations
Rights group urges Yemen to investigate violations
An international human rights group urged Yemen's government Saturday to crack down on human rights violations it says have taken place since the country's 2011 uprising. Human Rights Watch, in a statement, also urged Yemeni authorities to investigate the death of at least four protesters who died

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India's secret executions raise concerns
India's secret executions raise concerns
For 11 years the family of a convicted terrorist waited and wondered about his fate as he sat on death row. Two weeks ago they found out — from television. Mohammad Afzal Guru had been hanged in secrecy in a faraway jail in New Delhi. A government letter informing them of the imminent hanging arr

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NKorea warns US commander in SKorea over drills
NKorea warns US commander in SKorea over drills
North Korea warned the top American commander in South Korea on Saturday of "miserable destruction" if the U.S. military presses ahead with routine joint drills with South Korea set to begin next month. Pak Rim Su, chief of North Korea's military delegation to the truce village of Panmunjom inside

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With signs that economy could stumble, gold rises
With signs that economy could stumble, gold rises
Potential bad news about the economy was good news for the price of gold and other metals on Monday. Many investors plow money into gold when they're worried about the economy, and the day brought several points to worry about. In Italy, which was counting election results, prospects for political s

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Universal Display stock drops on analyst's report
Universal Display stock drops on analyst's report
Shares of Universal Display Corp. dropped Monday after a Piper Jaffray analyst cut his earnings estimates, saying the supplier of materials used in smartphone displays faces new challenges in its relationship with Samsung. THE SPARK: Piper Jaffray's Jagadish Iyer kept his "Underweight" rating on Un

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Email, Text, Voicemail -- How Do We Keep Up?
Email, Text, Voicemail -- How Do We Keep Up?
High-tech communication -- from text to email and social networking -- is supposed to make us easier to reach. But as we bombard each other with messages, more people are having trouble responding to all of it -- or simply choosing not to. (Feb. 26)

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Stocks plunge as Italy appears headed for gridlock
Stocks plunge as Italy appears headed for gridlock
Stocks are dropping sharply as investors worry that Italy could be seized with political paralysis, stymieing the country's economic reforms and causing another flare-up in the region's debt crisis. The Dow Jones industrial average plunged 216 points to 13,784 Monday, a loss of 1.6 percent and the

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US agency announces mortgage program in Haiti
US agency announces mortgage program in Haiti
A U.S. government agency has announced a mortgage program that aims to help up to 4,000 families in Haiti. The U.S. Overseas Private Investment Corporation says the effort will combine loans from OPIC and grants from other groups. The money awarded will include $1,000 mortgages. Financing will also

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News Summary: B&N chair could buy bookstores
News Summary: B&N chair could buy bookstores
BOOK BOSS BUYOUT Barnes & Noble founder and Chairman Leonard Riggio said Monday that he is going to try to buy the company's retail business. CONTENTS: Riggio wants to acquire the company's stores and website, but not the business that makes the Nook e-reader or the company's college bookstores. No

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Darden to slow down Olive Garden openings
Darden to slow down Olive Garden openings
Darden Restaurants is pulling back on price increases and the pace of new restaurant openings for its flagship Olive Garden chain, as the company works to update its struggling brands. Darden will open about 15 new Olive Gardens annually for the next couple of years, down from the 36 per year that

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News Summary: Lowe's 4Q profit beats consensus
News Summary: Lowe's 4Q profit beats consensus
THE NEWS: Home improvement retailer Lowe's Cos. said Monday that its net income fell 11 percent from last year's quarter. But results surpassed expectations, helped by cleanup efforts after Superstorm Sandy and its new pricing strategy THE CONTEXT: The results are a sign that people are beginning t

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Sanctions relief offered in Iranian nuclear talks
Sanctions relief offered in Iranian nuclear talks
World powers, fearful of scuttling negotiations beginning this week with Iran, are offering the Islamic republic some small new sanctions relief in return for curbing its nuclear program. But officials warned Monday that it's unlikely that any compromise will be reached soon. Negotiators set low ex

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Amgen rises on recall of Affymax anemia drug
Amgen rises on recall of Affymax anemia drug
Shares of Amgen Inc. rose Monday after a drug that competes with Amgen's anemia treatment Aranesp and Epogen was taken off the market because of severe allergic reactions and deaths in some patients. THE SPARK: Affymax Inc. and Takeda Pharmaceutical Co. issued a recall of their anemia drug Omontys

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