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#PreMarket Primer: Tuesday, November 18: Abe To Delay Sales Tax Increase In Japan
Tuesday, November 18, 2014 - 8:23am | 1336Following reports that the Japanese economy had fallen into a recession in the third quarter, Prime Minister Shinzō Abe is planning to hold off on another sales tax hike initially set for October 2015. In April, the country’s sales tax was increased from 5 percent to 8 percent in an effort...
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#PreMarket Primer: Monday, November 17: Japan's Economy Unexpectedly Slips
Monday, November 17, 2014 - 9:33am | 1293Data out on Monday showed that the Japanese economy fell into a recession in the third quarter, an unexpected report as most analysts were expecting to see 2.1 percent growth. Instead, the figures showed that Japanese GDP declined by an annualized 1.6 percent from July to September, a worrying...
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#PreMarket Primer: Wednesday, September 24: US Economy Looking Strong In The Third Quarter
Wednesday, September 24, 2014 - 7:13am | 1272Data out on Tuesday confirmed that the U.S. economy is on a firm path to recovery as reports showed that manufacturing data neared a four and a half year high in September. The nation’s flash PMI was 57.9 in September, unchanged from August’s reading. However, the U.S. housing...
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#PreMarket Primer: Tuesday, September 23: First Airstrikes In Syria Begin
Tuesday, September 23, 2014 - 7:28am | 1100The U.S., alongside its Gulf Arab allies, began the first in a series of airstrikes against Islamic State militants in Syria on Tuesday. Reuters reported that Saudi Arabia, the United Arab Emirates, Jordan and Bahrain are all taking part with Qatar providing support as needed. The strike is...
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Valeant Pharmaceuticals to Buy Bausch & Lomb
Tuesday, May 28, 2013 - 12:20pm | 570It’s a sign of the times in health care. If you can’t generate growth, buy it. The New York Times sounded that familiar theme in reporting the pending acquisition Monday of Rochester, N ew York-based Bausch & Lomb by Canadian drugmaker Valeant Pharmaceuticals (NYSE: VRX). J. Michael...