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Market leaders seen taking S&P 500 to 2,000

NEW YORK - U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to - if not far past - the 2,000 milestone.

Recent Business News

Cargill sues former employee for breach of contract

- Global commodities trader Cargill Inc [CARG.UL] has sued a former employee, accusing him of stealing trade secrets before he joined rival JBS SA.

22 Aug 2014

HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

NEW YORK - HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.

Amazon developing own online advertising software: WSJ

- Amazon Inc is planning to develop its own software for placing advertisements online, The Wall Street Journal reported, citing people with knowledge of the matter.

22 Aug 2014

McDonald's replaces U.S. chief for the second time in two years

- McDonald's Corp is replacing its U.S. president for the second time in two years, a move that suggests increased pressure on Chief Executive Don Thompson to improve sales in the fast food chain's home market.

22 Aug 2014

Wylys' lawyer warns SEC's $729 million claim would bankrupt them

NEW YORK - A lawyer for Texas tycoon Sam Wyly and his late brother Charles' estate told a federal judge on Friday that a U.S. securities regulator's demand for $729 million in damages for a fraudulent offshore scheme would "bankrupt" them.

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