Lake Oswego News
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Herbalife Ltd. rose the most in more than four months, signaling that Carl Icahn’s prediction that rival hedge-fund manager Bill Ackman would become the victim of the “mother of all short squeezes” may be coming true.
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Industrial production declined in April by the most in eight months, indicating American manufacturers will provide little support for an economy beset by weaker global markets and federal budget cuts.
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Herbalife Ltd., the nutrition company at the center of a battle between hedge-fund managers Bill Ackman and Carl Icahn, raised its 2013 earnings forecast as first-quarter profit topped analysts’ estimates.
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Most U.S. stocks fell, with the Standard & Poor’s 500 Index paring a weekly gain, after data showed the world’s largest economy grew less than economists forecast amid disappointing earnings reports.
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Georgia-Pacific LLC, the U.S. paper and pulp producer controlled by the Koch brothers, agreed to buy Buckeye Technologies Inc. for about $1.45 billion to add cellulose products used in baby wipes and tires.
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David Einhorn, the hedge-fund manager who oversees $8.8 billion, relied on derivatives earlier this year to raise his bet on Marvell Technology Group Ltd. without falling under regulations designed for corporate insiders.
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Factory production in the U.S. unexpectedly dropped in March, adding to recent signs that manufacturing is cooling.
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New-home construction in the U.S. climbed in March to the highest level in almost five years, propelled by a surge in multifamily building that will support economic growth.
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U.S. stocks fell, after the biggest tumble in five weeks for the Standard & Poor’s 500 Index, amid concern that President Barack Obama and Congress will fail to agree on a budget by the end of the year.
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Chris Dudley , a journeyman center during his pro basketball career, may have to retire the underdog image if Oregon makes him its first Republican governor in 23 years.
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