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Apollo shares rise following upgrade
Apollo shares rise following upgrade
Apollo Group Inc.'s shares jumped Tuesday after a Deutsche Bank analyst raised his rating on the stock of the for-profit education company. THE SPARK: Analyst Paul Ginocchio upgraded his rating on Apollo's stock to "Hold" from "Sell", saying that he sees some unrecognized asset value in the company

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Head of Chadian army claims troops kill Belmoktar
Head of Chadian army claims troops kill Belmoktar
Chad's military chief announced late Saturday that his troops deployed in northern Mali had killed Moktar Belmoktar, the terrorist who orchestrated the attack on a natural gas plant in Algeria that left 36 foreigners dead. The French military, which is leading the offensive against al-Qaida-linked

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Sears shares jump after CEO raises personal stake
Sears shares jump after CEO raises personal stake
Sears Holdings Corp. shares jumped Tuesday after its CEO disclosed that he bought 1.24 million shares of the retailer's common stock from an investment fund he controls, boosting his personal stake in the company. THE SPARK: Hedge fund billionaire Edward Lampert, who serves as chairman and CEO, on

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Celebrity 'fractivists': True advocates or NIMBYs?
Celebrity 'fractivists': True advocates or NIMBYs?
The scene: a Manhattan art-house theater. The cause: a campaign against the gas drilling process known as fracking that's being led by more than 100 celebrities, including Yoko Ono, Sean Lennon, Robert Redford, Mark Ruffalo and Mario Batali. Outside, demonstrators in hazmat suits circle the theater

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J.C. Penney shares fall after hours on sale report
J.C. Penney shares fall after hours on sale report
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling retailer's stock. The stock lost $1.78 to close at $14.96, its lowest price since March 2009. Vornado Realty Trust, once the company's second largest shar

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Some leaders souring on nuclear power costs
Some leaders souring on nuclear power costs
As the cost of building a new nuclear plant soars, there are signs of buyer's remorse. The second-guessing from officials in Georgia and Florida is a sign that maybe the nation is not quite ready for a nuclear renaissance. On top of construction costs running much higher than expected, the price of

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LV Sands says it likely violated anti-bribery law
LV Sands says it likely violated anti-bribery law
Las Vegas Sands Corp. says in a regulatory filing that it probably violated a federal law that prohibits bribing foreign officials. The casino company said in a filing Friday that the Securities and Exchange Commission asked two years ago for records relating to compliance with the Foreign Corrupt

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Apple shareholder drops lawsuit on preferred stock
Apple shareholder drops lawsuit on preferred stock
A disgruntled shareholder pressing Apple to create a new class of preferred stock has dropped a lawsuit that became a moot point after the iPhone and iPad maker changed the agenda at its annual meeting earlier this week. Lawyers for hedge fund manager David Einhorn of Greenlight Capital notified U.

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Groupon fires CEO, still faces underlying problems
Groupon fires CEO, still faces underlying problems
Now that Groupon has gotten rid of its quirky founder and CEO, the chief question is whether the company's underlying online deals business is promising enough to reverse its falling stock price, declining revenue growth and waning consumer interest. Groupon Inc. fired Andrew Mason on Thursday, one

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Facebook buying Atlas ad business from Microsoft
Facebook buying Atlas ad business from Microsoft
Facebook is buying a set of online advertising tools called Atlas from Microsoft in its latest attempt to build a more effective marketing system around its social network. In making the deal announced Thursday, Facebook is betting the acquired technology will be more fruitful under new ownership t

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Google clings to cash for acquisitions, says CFO
Google clings to cash for acquisitions, says CFO
Google plans to cling to its bulging stash of cash to pay for potential acquisitions and other technology investments that might boost future profits, a top executive said Thursday. Patrick Pichette, who oversees Google Inc.'s bank accounts as the company's chief financial officer, explained the co

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