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U.S. markets news

Facebook, a year after IPO
After a market debut marred by technical glitches and a deep dive in the company's stock price, Facebook has spent the past year focused on its biggest weaknesses: how to make money and keep its more than 1 billion users tethered to the social network.
IPO and Now: Facebook by the Numbers  Wall Street Journal (blog)
Leaning Down: Facebook's Stock At Its IPO Anniversary  Forbes
Businessweek   Related articles »  
US energy revolution gathers pace
The growing role of the US in world energy markets was underlined on Friday as the Obama administration approved wider exports of liquefied natural gas and international companies committed billions of dollars for new infrastructure.
US clears shale gas export to India  The Hindu
UPDATE 3-US ends freeze on new natural gas exports, approves Texas terminal  Reuters
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Will American's New Boarding Process Work? It Failed at Virgin America.
Give American Airlines credit for trying a new method to board passengers more quickly. Airlines constantly tinker with the boarding process, and this time American says it has found a way to cut an average of two minutes from the 40 minutes to 45 minutes ...
American Airlines Doesn't Want Your Bags in the Cabin  Businessweek
US airline group sees pickup in summer air passengers  Reuters
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Bernanke upbeat on innovation outlook in commencement address
WASHINGTON | Sat May 18, 2013 11:14am EDT. WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 ...
Bernanke Optimistic About Innovation  Wall Street Journal
Bernanke Says Pessimists Wrong as Innovation Spurs Growth  Bloomberg
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Consumer Sentiment Index in U.S. Rose to 83.7 in May from 76.4
Americans' confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.
May consumer sentiment highest in nearly six years  Reuters
Consumer sentiment perks to post-recession peak  MarketWatch
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California jobless rate falls to 9%
No one ever said the economic recovery would be pretty. California eked out more growth in April as employers added 10,400 jobs, bringing the net total added over the year to 273,000.
Butte County unemployment rate drops to 10 percent in April  Enterprise-Record
Jobless rate drops to low last hit in '08  Stockton Record
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Gains for a 4th Week in a Row, and Milestones, Too
Stocks continued their climb into uncharted territory on Friday, racking up the fourth week in a row of gains as encouraging economic data prompted investors to buy shares of growth companies.
Dow, S&P end at records, stocks mark fourth week of gains  Reuters
US Stocks In Broad Rally, Fueled By Strong Economic Data  Wall Street Journal
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Tesoro is cleared to buy BP's Carson refinery, Arco stations
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players - Tesoro and Chevron ...
FTC Clears Tesoro Purchase of BP Refinery  Wall Street Journal
Tesoro wins antitrust OK to buy California BP refinery  Reuters
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Fed has not lowered interest rates enough: Kocherlakota
By Ann Saphir. CHICAGO | Fri May 17, 2013 3:25pm EDT. CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and ...
Fed Official Says It Has Not Done Enough for Growth  New York Times
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How JC Penney Can Stem The Tide Of Slumping Sales
Yesterday, J.C. Penney announced a serious first quarter loss of $348 million, or $1.58 per share and a revenue slump of 16.4% to $2.635 billion as same store sales dropped 16.6%.
J.C. Penney Rises on Report More Discounts Boosting Sales  Bloomberg
JC Penney's New Plan Is to Reuse Its Old Plans  New York Times
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