James McDonald News
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Copper rebounded after sliding into a bear market, gold rose and European stocks climbed for a fourth day on speculation central banks will ease monetary policy. U.S. shares ended little changed.
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U.S. stocks gained and the euro rallied, paring weekly losses, as Cyprus’s lawmakers debated measures needed to get a bailout and companies including Nike Inc. and Tiffany & Co. posted better-than-estimated results.
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U.S. stocks rose, paring the second weekly drop of the year for the Standard & Poor’s 500 Index, as Nike Inc. and Tiffany & Co. beat earnings estimates and optimism grew that Cyprus will pass a plan to qualify for a bailout.
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F. James McDonald, who served as president and chief operating officer of General Motors Corp. in the 1980s, died yesterday. He was 87.
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U.S. stocks fell after a six-week rally left the Standard & Poor’s 500 Index at its most expensive valuation since July 2011.
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The 100 wealthiest people on the planet shed $21.3 billion from their collective net worth as the Standard & Poor’s 500 Index posted its first weekly decline so far this year.
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U.S. stocks slipped after a six-week rally left the Standard & Poor’s 500 Index trading at its most- expensive valuation since July 2011. European shares fell with Spanish and Italian bonds as the region’s finance ministers prepared to meet to discuss aid to Cyprus and Greece.
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Skadden Arps Slate Meagher & Flom LLP is representing ASML Holding NV, Europe’s largest semiconductor-equipment supplier, which agreed to buy Cymer Inc. for 1.95 billion euros ($2.6 billion), its biggest deal ever, to satisfy customer demand for more advanced chipmaking technology. Sullivan & Cromwell LLP represents Cymer.
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U.S. stocks retreated, sending the Standard & Poor’s 500 Index to the lowest level in almost a month, as political tension in Greece intensified concern about a euro exit and a deepening of the region’s debt crisis.
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U.S. stocks tumbled, while commodities entered a bear market, after signals of a global slowdown in manufacturing added to disappointing housing and labor market data at the world’s largest economy.
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