record-highs

Global monetary taps still open wide, Fed minutes in focus

The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week. The one thing that could unstick it, apart from divine intervention, would be a change in tune from …

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Global monetary taps still open wide, Fed minutes in focus

record-highs

Judge voids VirnetX’s $625.6 million Apple verdict; VirnetX plunges

A federal judge has thrown out a verdict requiring Apple Inc to pay VirnetX Holding Corp $625.6 million for infringing four patents relating to Internet security technology, causing VirnetX's share price to plunge. In a decision late Friday, U.S. District Judge Robert Schroeder in Tyler, Texas said it was unfair to Apple that two

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Judge voids VirnetX’s $625.6 million Apple verdict; VirnetX plunges

record-highs

U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

NEW YORK (Reuters) – U.S. crude tumbled below $40 per barrel for the first time since April as oil prices fell nearly 4 percent on Monday on heightened worries of an oil glut after a survey suggested OPEC output reached record highs last month.

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U.S. crude breaks below $40/bbl as oil slumps 4 percent on glut worry

record-highs

BofA raises share buyback by up to $800 million

(Reuters) – Bank of America Corp said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier. The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity incentive compensation awarded to retirement-eligible employees.

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BofA raises share buyback by up to $800 million

record-highs

Staples, Office Depot say FTC opposition to deal ‘simply wrong’

The FTC has said a merger between the two could reduce competition for nationwide contracts for office supplies. It has also rejected Staples' raised offer to divest up to $1.25 billion of commercial contracts to secure approval for the

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Staples, Office Depot say FTC opposition to deal ‘simply wrong’

record-highs

Oil sets new 2016 highs on production freeze, demand bets

“Focus for now is firmly placed on a global macroeconomic environment that is propelling other industrial commodities such as the metals as well as world equities back to around highest levels since late last year,” said Jim Ritterbusch of Chicago-based energy markets consultancy Ritterbusch & Associates. It was on course to gain 6 percent on the week for a fifth straight week of gains. U.S. crude inventories hit a fifth straight week of record highs last week but the build of 1.3 million barrels was less than half …

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Oil sets new 2016 highs on production freeze, demand bets