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Friday, February 15, 2013

Business Today: Wall Street ends slightly down, S&P positive for seventh week

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02/15/2013
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Wall Street ends slightly down, S&P positive for seventh week
NEW YORK (Reuters) - The S&P 500 dipped in a late decline on Friday as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven.
Exclusive: News Corp, popular tech blog contemplate split - sources
(Reuters) - AllThingsD, the widely read technology blog run by Kara Swisher and Walt Mossberg, has begun discussions with owner News Corp about extending or ending their partnership, sources familiar with the situation told Reuters.
SEC files lawsuit over Heinz option trading
(Reuters) - Securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3G Capital.
SAC has $1.68 billion in withdrawals as trading probe deepens
NEW YORK (Reuters) - Hedge fund billionaire Steven A. Cohen is feeling the pinch from the federal government's insider trading probe as outside investors in his SAC Capital Advisors submitted requests to withdraw a total of $1.68 billion from the firm by year's end.
Buffett, Brazil's 3G team up for $23 billion Heinz buyout
(Reuters) - Warren Buffett and Brazilian financier Jorge Paulo Lemann are teaming up to buy ketchup maker H.J. Heinz Co for $23.2 billion, in what could be the first step of a wave of mergers for the food and beverage industry.
Exclusive: Frustrated with low valuation, Nasdaq debates options
(Reuters) - Long frustrated about the low market valuation of Nasdaq OMX Group Inc , the exchange operator's management is debating various ideas, ranging from further diversification to radical steps like going private or eventually splitting up the company, said several people familiar with the situation.
Wal-Mart shares tumble on report of weak February sales
(Reuters) - Shares of Wal-Mart Stores Inc fell 3 percent on Friday after Bloomberg quoted a mid-level executive's email as saying the world's largest retailer had the worst sales start to any month in seven years in February.
Manufacturing stumbles but seen regaining footing
WASHINGTON (Reuters) - Manufacturing got off to a weak start this year as motor vehicle output tumbled in January, but a rebound in factory activity in New York state this month suggested any setback would be temporary.
GM paid $119 million for 1 percent stake in China joint venture: filing
(Reuters) - General Motors Co paid $119 million in September to buy back a 1 percent stake in its joint venture with its top Chinese partner SAIC Motor Corp , which it had given up ahead of its 2009 bankruptcy.
Investors content to take Buffett's 20 percent Heinz premium
(Reuters) - Warren Buffett says he will not pay a penny more than the $72.50 a share he is already offering for ketchup maker H.J. Heinz Co, and after an initial hesitation, most investors seem to be taking him at his word.
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