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Japanese stocks edge towards two-year high, dollar supported before Yellen

TOKYO Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year.

Recent Business News

Amtrak names former Delta executive as next CEO

WASHINGTON Amtrak on Monday named a former Delta Air Lines chief to lead the U.S. passenger rail carrier as it embarks on a major renovation of its busiest U.S. hub following years of disruptions and delays along the Northeast Corridor.

Jun 26 2017

GM lowers outlook for U.S. 2017 new vehicle sales

DETROIT General Motors Co now expects U.S. new vehicle sales in 2017 will be in the "low 17 million" unit range, reflecting a widespread expectation that the industry is headed for a moderate downturn, a top executive said on Monday.

Jun 26 2017

Carl Icahn to fund former Sargon co-manager Schechter's new venture

Billionaire Carl Icahn's investment firm, Icahn Enterprises LP , said on Monday it had entered an agreement with the former co-manager of its Sargon Portfolio, David Schechter, to fund his new private investment management business.

Jun 26 2017

Oil up for fourth day on short-covering, supply glut caps gains

SINGAPORE Crude oil futures rose for a fourth consecutive session on Tuesday as investors covered short positions, though worries over a festering supply glut kept a lid on prices.

Jun 26 2017

'Pharma bro' Martin Shkreli heads into fraud trial

NEW YORK Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran. | Video

Jun 26 2017

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