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U.S. markets news

Rush to Invest in Alibaba, but Concerns Linger About Company's Future
Photo. Jack Ma, executive chairman of Alibaba. Mutual funds, hedge funds and pensions are rushing to back the company.Credit Edgar Su/Reuters.
Alibaba's IPO Priced at $68 a Share  Wall Street Journal
Alibaba, China's king of web retail, to debut on stock market and world ...  Washington Post
SFGate   Related articles »  
NY reports 3900 jobs gain in August
State officials say the 0.1 percent gain raises New York's overall job count to a record of 7,605,000. Buffalo Bills wide receiver Sammy Watkins (14) warms up before an NFL football game · Bills WRs Watkins, Woods enjoy complementary start.
New York State's Economy Adds 3900 Private Sector Jobs in August ...  Insurance News Net
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China fines drugmaker GlaxoSmithKline $492 million in bribery case
China on Friday leveled a half-billion-dollar fine against British drugmaker GlaxoSmithKline after an investigation concluded that the company bribed physicians and hospitals to use its products.
China hands drugmaker GSK record $489 mln fine, sentences executives  Reuters
GlaxoSmithKline fined nearly $500 million in China bribery case  Fortune
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Relief for Europe as Scotland stays in United Kingdom
LONDON (Reuters) - World markets rallied on Friday as Scotland's decision to stay in the United Kingdom lifted Europe and got investors over the latest in a recent run of tricky global political hurdles.
Pound rally loses steam in wake of Scotland secession vote  MarketWatch
Europe relieved after Scotland votes to stay in UK  BDlive
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Apartment sector reduces home building
WASHINGTON - U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.
Award-winning construction on the south coast  Victor Harbor Times
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Larry Ellison's exit as Oracle CEO signals Silicon Valley shift
Larry Ellison's resignation as CEO of Oracle Corp. punctuates a shift in power in Silicon Valley as original tech titans like Steve Jobs, Bill Gates and Ellison give way to a newer generation of leaders like Mark Zuckerberg of Facebook and Larry Page and ...
Larry Ellison Steps Down as Oracle's CEO: What Wall Street's Saying
Five ways Larry Ellison has made his mark on Hollywood (so far)  Los Angeles Times
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Lacker Says He Opposes Fed Plan to Hold Mortgage-Backed Assets
Federal Reserve Bank of Richmond President Jeffrey Lacker said he couldn't fully support the central bank's revised exit strategy released this week because he opposes a measure to hold mortgage-backed securities.
Let me explain: Fed's Lacker says dissent stems from MBS strategy  CNBC
Fed's Lacker says exit strategy dissent stemmed from MBS approach  Baltimore Sun
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Household Net Worth Has Rebounded Since Financial Crisis
THE net worth of American households is now 20 percent higher than it was before it began to decline in 2007, the Federal Reserve reported this week.
Yellen says poor Americans live in 'sobering' conditions  MarketWatch
Household wealth increases in US  Worcester Telegram
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Alec Baldwin, passionate about green energy, speaks out against fracking
Alec Baldwin attends the East Hampton Library Authors Night at Gardiner Farm on Saturday, Aug. 9, 2014 in East Hampton, New York. (Scott Roth | Invision | AP).
Alec Baldwin passionate about green energy  Post-Bulletin
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UPDATE 4-Oil steady near $98, worries about oversupply weigh
... * Talk of OPEC cuts, lower Libyan output support prices. * Dollar index highest in more than 4 years. * Middle East tensions remain a big focus (Updates detail, prices in paragraphs 1 and 5).
Crude oil futures edge lower on stronger dollar  NASDAQ
Brent Crude To Register Third Consecutive Weekly Decline  Bidness ETC
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