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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
Forbes   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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UPDATE 3-P&G profits rise but still struggles for higher growth
(Adds details from the conference call). By Phil Wahba. April 23 (Reuters) - Procter & Gamble Co, the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by cost cutting and stronger sales of items like detergent ...
P&G to raise prices in emerging markets  Financial Times
Market Hustle: Stocks Slip After Weak China Data, Drop in U.S. Home Sales
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Stocks Down at Midday on Data, Earnings
The Dow Jones Industrial Average shed 20 points, or 0.1%, to 16494 in afternoon trading. The S&P 500 index slipped four points, or 0.2%, to 1876 and the Nasdaq Composite Index dropped 32 points, or 0.8%, to 4129.
Wall St slips after six-day S&P run; biotechs drop  Reuters India
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
Deal Flurry Shows Drug Makers' Swing Toward Specialization  Wall Street Journal
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US middle class no longer most prosperous in world
Middle-class Americans have lost their status as the most prosperous in the world, a study has found, shattering the myth of the US dream of prosperity and opportunity.
United States is no longer home to world's richest middle class
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Delta Shrugs Off Winter Travel Woes With Warm Profits
A Delta Airlines plane is seen on a tarmac at Reagan National Airport in Arlington, Virginia on Feb. 14. In a winter that generally ravaged travelers, Delta Air Lines (DAL) posted an earnings report with no real damage from the polar vortex.
Delta Rallies as Revenue Seen Lifted on More Flight Perks  Bloomberg
Why American Airlines (AAL) Stock Is Up Today
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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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