Berwyn News
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A storm system is projected to dump a record-breaking snow in Kansas City, Missouri, as areas in the central U.S. receive winter precipitation “rare” for the month of May, according to the National Weather Service.
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Corn futures jumped the most in 10 months as rain and frigid weather slowed the pace of planting in the U.S., the world’s top exporter. Wheat and soybeans rose.
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Akamai Technologies Inc., which helps customers deliver online content faster, jumped 18 percent after reporting revenue and profit that topped analysts’ estimates as Internet traffic increased more than expected.
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The Standard & Poor’s 500 Index posted its second weekly drop of the year as Cyprus struggled to stave off financial collapse and data on the euro-area economy overshadowed better-than-estimated U.S. reports.
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Colorado and Washington are racing to meet deadlines for setting up a framework to regulate the sale of marijuana for recreational use, even as federal authorities weigh the future of the new industry.
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U.K. regulators told 50 sub-prime lenders they have 12 weeks to change business practices described as causing “misery and hardship” for borrowers too poor to afford short-term loans.
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Trinseo SA, the Bain Capital LLC- controlled plastics maker, sold $1.33 billion of bonds in the second-largest U.S. high-yield offering this year.
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to its first eight-day rally since 2004, as companies from Microsoft Corp. to Procter & Gamble Co. posted better-than-estimated earnings. The euro strengthened to an 11-month high while the yen traded at the lowest since 2010.
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Toys “R” Us Inc. , the world’s biggest toy retailer, plans to sell debt as junk spreads widened for the first week in six.
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Alcatel-Lucent, Qualcomm Inc. and Ericsson AB must defend against claims by Liberty Media Corp.’s TruePosition unit that the companies tried to deny it access to the next generation of phone-locator technology, a court ruled.
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