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Hedge fund managers find bargains in oil stocks

Top hedge fund managers went bargain hunting in the oil patch in the second quarter, buying shares whose prices had fallen because of BP's Gulf of Mexico well disaster and lower oil prices.

GM IPO filing expected on Tues

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General Motors Co has completed the paperwork for an initial public offering, and timing of its filing with the U.S. securities regulators rests with the board of the top U.S. automaker, sources familiar with the process said on Monday.
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Hedge fund managers dig into energy stocks

BP's Deepwater Horizon disaster and falling oil prices crushed shares of energy companies in the second quarter, attracting the attention of some of the hedge fund industry's sharpest long-term investors.
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Wall St drifts higher

Stocks rose on Monday, led by technology shares, as investors shrugged off signs of a weak economy to wade into stocks that have become cheap.
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Bargain hunters lift Nasdaq

The technology-heavy Nasdaq rose on Monday as investors put aside worries about the economy to take advantage of beaten-down prices.
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Stock futures slip amid global growth woes

Stock index futures pointed to a lower open on Wall Street on Monday as worries about the global economy persisted. At 0900 GMT (5 a.m. EDT) futures for the S&P 500, Dow Jones and Nasdaq were 0.3 to 0.4 percent lower.
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Stocks face retailers' results

U.S. stock investors will brace for further signs of weakness in the economic recovery this week as earnings from key retailers are expected.
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Retailers' results may sway stocks

U.S. stock investors will brace for further signs of weakness in the U.S. recovery next week as earnings from key retailers are expected.
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GM IPO filing delayed until early next week: source

General Motors Co has delayed its IPO filing until early next week as it updates its prospectus with the recent CEO change and a management risk factor, a source familiar with the situation said on Friday.
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Wall St. set for lower open after sales data

Wall Street was headed for a lower open on Friday after retail sales data suggested momentum in consumer spending remained limp, heightening concerns about the fragile economic recovery.
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Stock futures down ahead of consumer data

Stock index futures fell on Friday as investors awaited consumer sentiment and retail sales data to get a better reading on the state of the fragile economic recovery.
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Stocks rise and euro jumps on cracking German GDP

The euro jumped and Asian stocks extended gains on Friday after stunning German data showed Europe's biggest economy grew at its fastest pace in 23 years, alleviating some doubts about the strength of global growth.
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Asian stocks rebound and yen extends retreat

The yen inched further away from 15-year peaks on Friday as talk swirled that Japan's authorities may soon intervene to curb it, while Asian stocks edged up to claw back some of the week's heavy losses.
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Stocks end lower for third day, Nvidia up late

Stocks ended down for a third straight day on Thursday as an unexpected rise in jobless claims and a sobering revenue outlook from Cisco underscored the hurdles to economic recovery.
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Wall Street bonuses to rise this year: report

Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recession faster than the broader U.S. economy, according to a published report.
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Stock index futures mixed as Cisco eyed

U.S. stock index futures pointed to a mixed open on Wall Street on Thursday following Wednesday's sharp sell-off triggered by rising concerns over the outlook for the global economy.
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Cisco revenue misses Wall Street view

Cisco Systems Inc's quarterly revenue and outlook missed Wall Street expectations and Chief Executive John Chambers cited unusual uncertainty in the economy, sending its shares plunging 8 percent.

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