Monday May 21, 2012
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Unlike Goldman Sachs executives, who are forgoing cash bonuses but accepting stock, John J. Mack will get no year-end bonus at all.

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In a sign that Google is interested in broadening its reach in the local business market, the search giant is in acquisition talks with Yelp, the review site for local businesses.

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The Irish airline Ryanair said Friday that it had pulled out of talks to buy 200 aircraft from Boeing, and would now trim its investment plans starting in 2011.

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NEW YORK (Reuters) – The Nasdaq rose on Friday as quarterly results from Oracle and Research In Motion boosted optimism about a recovery in technology spending, but the U.S. dollar’s rise weighed on the Dow and S&P 500 as investors pared back risky bets.

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WASHINGTON (Reuters) – U.S. house prices rose in the third quarter, ending a two-year downward trend, and the housing market was now slightly undervalued, an independent survey showed on Friday.

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NEW YORK (Reuters) – The Dow and the S&P 500 slipped on Friday as the U.S. dollar’s advance led investors to pare back risky bets, but the Nasdaq edged higher as upbeat results from Oracle and Research In Motion boosted optimism about technology spending.

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ATLANTA (Reuters) – Carnival Corp & Plc, the world’s largest cruise operator, reported a 48 percent drop in quarterly profit on Friday as lower ticket prices hurt revenue, and its shares fell 3 percent as it forecast profit for the current quarter below current Wall Street estimates.

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DETROIT (Reuters) – General Motors Co will wind down operations at Saab, its money-losing Swedish unit, after a last-ditch attempt to sell it to small Dutch luxury carmaker Spyker Cars failed, the automaker said on Friday.

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NEW YORK (Reuters) – Upbeat results from technology bellwethers Oracle and Research In Motion lifted U.S. stocks on Friday, while rising oil prices boosted energy shares.

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LOS ANGELES/NEW YORK (Reuters) – Bargain-hunting shoppers are expected to flood stores on “Super Saturday” weekend — the last before Christmas — and deliver retailers the highest holiday weekend sales so far this season.

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OTTAWA (Reuters) – Research In Motion posted a big jump in profit and issued an even stronger outlook on Thursday, as sturdy demand from holiday shoppers helped the BlackBerry maker fend off the competition.

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CHARLOTTE, North Carolina (Reuters) – Brian Moynihan may be about to run the largest U.S. bank at a time of massive change in the crisis-damaged industry but he seems to be restricting his public comments about strategy to one word: Execute.

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SAN FRANCISCO (Reuters) – Nike Inc forecast a return to sales growth this quarter as it expands market share and rides stronger consumer spending, and on Thursday pledged to stand by Tiger Woods, the face of Nike’s golf brand.

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DUBLIN (Reuters) – Irish airline Ryanair said it had pulled out of talks to buy 200 aircraft from Boeing and would now trim investment from 2011 to cut costs and free up cash to pay to investors, lifting its shares.

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SAN FRANCISCO (Reuters) – Activist investor Carl Icahn reported an 11.3 percent stake in U.S. video game publisher Take Two Interactive Software Inc , sending its shares up 3.5 percent.

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SAN FRANCISCO (Reuters) – Palm Inc reported a wider-than-expected quarterly loss as consumers cooled to its new smartphones in the face of fresh competition including devices based on Google Inc software.

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Bank of America’s new chief, Brian Moynihan, in many ways has had a career of falling into bigger jobs at the bank when executives were fired or shunted aside.

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In a sign that Google is interested in broadening its reach in the local business market, the search giant is in acquisition talks with Yelp, the review site for local businesses.

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Nancy Tellem, who helped CBS introduce shows like “C.S.I.” and “Survivor,” will become a senior adviser to CBS’s chief executive, Leslie Moonves.

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Congress is seeking to force Chrysler and General Motors into arbitration with former dealers.

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