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U.S. markets news

IRS Employees with Tax and Conduct Issues Received Bonuses
According to a new report by the watchdog agency that oversees it, an award program for Internal Revenue Service (IRS) employees honored some less than honorable staff.
IRS Workers Disciplined For Misconduct Were Awarded Bonuses  Wall Street Journal
IRS workers got $1.1 million in bonuses despite owing back taxes  Los Angeles Times
CNN (blog)   Related articles »  
US new home sales hint at prolonged housing weakness
WASHINGTON (Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.
New-Home Sales Fall to 8-Month Low, in Blow to Housing Recovery  New York Times
US New-Home Sales Plunge  NASDAQ
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SodaStream surges 15% on Starbucks buyout talk
SodaStream shares are surging more than 15% on a report that the company may be a buyout target of coffee giant Starbucks. SodaStream, which makes carbonated beverage machines that allow consumers to create their own sodas as a greener, cheaper ...
SodaStream Surges on Report of Stake Sale to Starbucks  Bloomberg
Starbucks to buy SodaStream stake?
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P&G Profit Up Slightly Amid Sluggish Growth In Consumer Product Sales
Procter & Gamble�which produces Pampers diapers and Tide detergent, among several other big-name consumer products brands�has again started to focus more on higher-priced premium offerings and core household and personal-care products.
P&G gets no sales boost from US winter  Sky News Australia
UPDATE 3-P&G profits rise but still struggles for higher growth  Reuters
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Stocks: Stuck in reverse Wednesday
Wall Street's six-day win streak is in jeopardy on Wednesday as the bulls hit the pause button after disappointing housing data and mixed earnings reports.
Stocks Down at Midday on Data, Earnings  Wall Street Journal
US STOCKS-Wall St edges down after six-day S&P rally; AT&T falls  Reuters
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In Allergan Bid, a Question of Insider Trading
One trading day after announcing the news that the huge hedge fund he runs, Pershing Square Capital Management, had partnered with Valeant Pharmaceuticals International to make an unsolicited $45.6 billion cash and stock takeover bid for Allergan, ...
Ackman: Drug Industry Ripe for Cost Cuts  Businessweek
Allergan adopts 'poison pill' defense in Valeant takeover bid  Los Angeles Times
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The future of pharma lies in research, not cuts
We have been presented this week with two visions for the future of innovation in the pharmaceuticals industry. One is encouraging, the other is not.
Novartis-GSK deal not to impact India  Times of India
Novartis-GSK-Eli Lilly deal: Competition Commission hurdle remains  Business Standard
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Coca-Cola Wins Compensation Vote, Overcoming Winters's Fight
Coca-Cola Co. won investor approval for its plan to award employees with stock, overcoming an argument from money manager David Winters that lavish pay packages are diminishing returns for shareholders.
Coke shareholders approve controversial executive pay plan  Atlanta Business Chronicle
Money manager challenging Buffet on plan to award $29.9M to Coca-Cola ...  Financial Post
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The Dumb Way We Board Airplanes Remains Impervious to Good Data
If the conference calls that come with earnings reports attracted exhausted travelers instead of financial analysts and journalists, there's no way Delta, United, American, and Southwest could make it through the week without getting an earful about the agonies ...
Why American Airlines (AAL) Stock Is Up Today
Delta Air expects Trainer refinery to post profit in second quarter  Reuters
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Boeing Rally Leads Dow as Investors Seen Relieved on Cash Flow
Workers assemble a Boeing Co. 737 airplane at the company's factory in Renton, Washington. Photographer: Mike Kane/Bloomberg. Boeing Co.
Boeing cash register rings again, sending shares higher  Chicago Tribune
Boeing boosts profit on strong jet sales  Los Angeles Times
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