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Late-day buying could be start of turnaround

NEW YORK As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.

Recent Business News

Tougher lending standards pose risk to outlook for Fed

WASHINGTON A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon.

12 Feb 2016

Greek PM says differences between lenders delaying bailout review: paper

ATHENS Greek Prime Minister Alexis Tsipras said on Saturday that differences between the country's international lenders over its pension reform plans are delaying the first review of its latest financial bailout.

13 Feb 2016

U.S., UK likely to charge multiple banks in Libor rigging: WSJ

WASHINGTON American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest U.S. bank, and London-based HSBC Holdings, the Wall Street Journal reported on Friday.

Google says will not participate in 2016 U.S. airwaves auction

NEW YORK/SAN FRANCISCO Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves that can help the wireless industry improve coverage, a spokeswoman told Reuters on Friday.

12 Feb 2016

Loeb says Third Point raised short bets to avoid losses

BOSTON Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid "calamitous" losses last year.

12 Feb 2016

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