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Stock Market News

Boeing exec says will only hike jet output if sustainable
Boeing exec says will only hike jet output if sustainable
By Reuters - Sep 22, 2014

ISTANBUL (Reuters) - Boeing sees strong demand for its 737-family jets over and above its existing plans to increase production by 12 percent by 2017 but would only revise up its goals if they can be ...

Alibaba IPO: The Gift The Keeps On Giving
Alibaba IPO: The Gift The Keeps On Giving
By International Business Times - Sep 22, 2014

By Kathleen Caulderwood - The Alibaba (NYSE:BABA) IPO has been the gift that keeps on giving. The Chinese e-commerce behemoth raised a record $25 billion when it started trading on Friday. Under the ...

Germany's Merck to buy Sigma-Aldrich for $17 billion
Germany's Merck to buy Sigma-Aldrich for $17 billion
By Reuters - Sep 22, 2014

By Ludwig Burger FRANKFURT (Reuters) - Drugs and chemicals maker Merck KGaA (DE:MRCG) agreed on Monday to acquire U.S. company Sigma-Aldrich (O:SIAL) for $17 billion in cash to boost its lab ...

Chrysler recalls 230,760 SUVs globally for fuel pump issue
Chrysler recalls 230,760 SUVs globally for fuel pump issue
By Reuters - Sep 22, 2014

DETROIT (Reuters) - Chrysler Group is recalling an estimated 230,760 sport utility vehicles globally to install a new part to prevent a fuel pump issue that could cause the vehicles to stall or not ...

Siemens agrees to $7.6 billion deal to buy Dresser-Rand
Siemens agrees to $7.6 billion deal to buy Dresser-Rand
By Reuters - Sep 22, 2014

By Ludwig Burger FRANKFURT (Reuters) - Industrial conglomerate Siemens AG (DE:SIEGn) said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc (N:DRC) for $7.6 billion in a ...

After China, GlaxoSmithKline faces pressure for change
After China, GlaxoSmithKline faces pressure for change
By Reuters - Sep 22, 2014

By Ben Hirschler and Simon Jessop LONDON (Reuters) - GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has ...

Tesco Overstated Profit Forecast By $408M
Tesco Overstated Profit Forecast By $408M
By International Business Times - Sep 22, 2014

By Kukil Bora - Tesco (LONDON:TSCO) has slashed its profit forecast for the first half of this year by more than $400 million after detecting an accounting error in its earlier estimate, the company ...