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| Oil prices fell today, as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear program that could bring an end to sanctions and allow an increase in Iranian oil exports. (Reuters) |
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| But with a negotiating deadline tomorrow, there's word Iranian officials have backed away from a critical element of a proposed nuclear agreement, saying they're no longer willing to ship their atomic fuel out of the country. (NY Times) |
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| Apple (AAPL) CEO Tim Cook, who Friday tweeted against a new "religious freedom" law in Indiana, stepped up his condemnation of what he called a "very dangerous ... wave of legislation" in an op-ed. (Washington Post) |
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| At a time when Apple is said to be revamping its streaming music plan, music mogul Jay Z today is expected to unveil a blueprint for his high-resolution music streaming service Tidal. (USA Today) |
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| Volvo will invest $500 million in its first U.S. assembly plant, plugging a longstanding gap in the carmaker's manufacturing base as it pursues a global comeback under Chinese ownership. (Reuters) |
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| GNC, the country's largest specialty retailer of dietary supplements, has agreed to institute sweeping new testing procedures that far exceed quality controls mandated under federal law. (NY Times) |
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| The seemingly intentional downing of Germanwings flight 9525 by the co-pilot last week means the airline's insurers could end up paying hundreds of millions of dollars to the families of the victims. (NY Times) |
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| Billionaire financier George Soros is ready to invest $1 billion in Ukraine, if Western countries help private investment there. He also put the odds of Greece leaving the euro at a third. (Reuters) |
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| Former Fed Chairman Ben Bernanke launched his own economics blog today. Hosted by the Brookings Institution, where he's a senior fellow, the first post is on low global interest rates. (WSJ) |
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For the first time since 1996, Tiger Woods is not among the top 100 golfersin the world ranking. He hasn't played since he withdrew from the Farmers Insurance Open on Feb. 6. It's not clear when Woods will return. (ESPN)
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| Business economists are shrugging off a winter economic slowdown,predicting 3.1 percent GDP growth this year, the best performance in a decade, according to a poll from the National Association for Business Economics. |
| Investors will also be focusing on at least two key issues this week: the timing of the Fed's first rate increase and two key jobs reports. ADP's monthly look at private sector employment is out on Wednesday, while Wall Street's Good Friday holiday will be briefly interrupted by the release of the government's March employment report that day. |
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| Today's economic data kicks off at 8:30 a.m. ET, when the government releases personal income and consumer spending for February. Forecasts call for a 0.3 percent rise in income after a similar January increase, while spending is seen rising 0.2 percent, reversing a loss of the same size in January. |
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| The National Association of Realtors is out at 10 a.m. ET, with February pending home sales, a measure of sales contracts signed but not yet closed. |
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| STOCKS TO WATCH |
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| Yahoo (YHOO) and Microsoft (MSFT) will extend talks aimed at renegotiating their 10-year search partnership for 30 days. The two had originally teamed-up in 2010 in hopes of better competing with Google(GOOG). |
| Best Buy (BBY) will consolidate and close stores in Canada, in a move that the electronics retailer said will cost it up to $280 million in restructuring charges this year. |
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| EBay's (EBAY) StubHub unit is suing Ticketmaster and the NBA's Golden State Warriors, alleging the two broke state and federal law by forcing fans to use Ticketmaster exclusively to resell tickets. |
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| Madison Square Garden (MSG) plans to split into two companies, one to own its sports teams, entertainment productions, and the MSG arena, while the other would distribute the company's sports and entertainment content. |
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| DreamWorks Animation's (DWA) "Home" topped the weekend box officewith better-than-expected North American ticket sales of $54 million. "Home" will be the only release by DreamWorks in 2015. |
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