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U.S. markets news

Dow, S&P end at records in fourth straight day of gains for Wall Street
NEW YORK (Reuters) - U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.
Dow, S&P 500 finish at all-time closing highs  USA TODAY
Yen Holds Drop as US Stocks Reach Records; Oil Declines  Businessweek
The Seattle Times   Related articles »  
Grimm expected to plead guilty
Rep. Michael Grimm, R-N.Y., is expected to appear in a Brooklyn federal court Tuesday to plead guilty in a tax fraud case that shadowed his successful re-election bid earlier this year, said a person with knowledge of the case but who declined to comment ...
Congress Can't Prevent Michael Grimm From Taking Seat In House  Huffington Post
Congressman Grimm to plead guilty  CNN
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Bank Leumi to Pay $400 Million in U.S., N.Y. Tax Probes
Bank Leumi Le-Israel Ltd. (LUMI) agreed to pay $400 million and admit it helped American clients evade taxes for a decade, in a case showing that U.S.
UPDATE 1-Israel's Bank Leumi to pay $400 mln for US tax settlement  Reuters
Israel's Bank Leumi to pay $130 million in New York tax settlement  Fortune
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P&G sells two classic brands to Unilever
Procter & Gamble said it would sell soap brands Camay and Zest to Unilever for an undisclosed amount to focus on its faster-growing brands.
PampG shedding Camay, Zest brands  Macro Insider
UPDATE 1-P&G to sell soap brands Camay and Zest to Unilever  Reuters
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US home sales hit slowest pace in six months in November
WASHINGTON - Fewer Americans bought homes in November as buying slid to its slowest pace in six months. The National Association of Realtors said Monday that sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million.
November dip in Maine home sales first such in nearly two years  Bangor Daily News
Tampa area housing sales jump 21 percent from last year  TBO.com
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Ex-minister Kudrin warns of "full-fledged crisis" in Russia
MOSCOW (Reuters) - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the ...
Ex-Finance Minister Kudrin Offers Gloomy Prediction for Russia  The St. Petersburg Times
Russia's financial crisis just claimed its first victim: A bank with ...  Washington Post (blog)
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Brazil's Rousseff stands by Petrobras CEO, says pessimism overblown
BRASILIA (Reuters) - Brazil's President Dilma Rousseff said on Monday she has no plans to replace the chief executive officer of state-run oil firm Petrobras, saying there was no evidence that senior management was involved in a graft scandal at the ...
Ex Petrobras manager says she spoke with CEO about anomalies  Washington Post
Oil scandal in Brazil could be a force for change  Brazil Business Today (subscription)
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Billionaire Harold Hamm Slashes 2015 Drilling On Low Oil Prices
Harold Hamm, the billionaire CEO of Continental Resources CLR -1.6% has proven that he is comfortable taking big risks. He is so bullish on oil prices that in late October and early November he monetized all his crude price hedges.
Oil drop hits Bakken as Continental cuts  Financial Times
Continental Resources Cuts 2015 Budget Amid Oil-Price Decline  Wall Street Journal
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Biz Break: Oracle buys Datalogix to track your offline purchases
Today: Oracle's thirst for cloud software aimed at marketers continues to be quenched with acquisitions. Also: Gilead dives after losing Express Scripts, Facebook hits record high.
Oracle To Buy Datalogix  RTT News
Oracle Buys the Company Facebook Uses to Track Your Offline Purchases  Wired
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Madoff victims' payout nearing $7.2 billion - trustee
NEW YORK (Reuters) - Victims of Bernard Madoff's massive Ponzi scheme will get afresh $322 million payout if a U.S. judge approves the request by the trustee liquidating the convicted fraudster's firm, bringing the recovery total to more than $7 billion.
Madoff Victims to Get $322 Million in Trustee Payout  Businessweek
Madoff trustee seeks to pay $322 million to investors  MarketWatch
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