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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.

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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

Exclusive: Boeing nears decision to self-fund more F/A-18 fighters

WASHINGTON Boeing Co is nearing a decision to invest "a significant amount" to keep a F/A-18E/F fighter jet production line in St. Louis running as it waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, a senior executive said.

12 Feb 2016

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

Strong U.S. consumer spending counters recession fears

WASHINGTON U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.

12 Feb 2016

Wall Street rallies; S&P 500 snaps five-day losing streak

U.S. stocks rallied on Friday, snapping a five-day losing streak in the S&P 500, as financial, commodity-related and other beaten-down shares rebounded. | Video

12 Feb 2016

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