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Switch it up this year: Buy in May, till November stay

NEW YORK "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year.

Recent Business News

OPEC ponders how to co-exist with U.S. shale oil

VIENNA First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

May 26 2017

Exclusive: China's COFCO overhauls Brazil business after accounting crisis - sources

LONDON/SAO PAULO Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.

May 26 2017

Some investors bet Brazil has further room to fall

NEW YORK Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week.

Brazil, Money May 26 2017

PepsiCo in bid to acquire Vita Coco owner: sources

Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.

May 26 2017

Exclusive: Fidelity may back climate resolutions, a milestone for activists

BOSTON Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations. | Video

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