MARKETS / FINANCE

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S&P closes flat, fails to break through resistance

The S&P 500 met tough resistance on Monday, failing to break a level that has held since mid-February and ending flat even as a spate of deals and underlying strength in the economy spurred optimism.

Stocks ends near flat despite deals

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The S&P 500 met tough resistance on Monday, failing to break a level that has held since mid-February even as a spate of deals and underlying strength in the economy spurred optimism.
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More customers exposed as big data breach grows

The names and e-mails of customers of Citigroup Inc and other large U.S. companies, as well as College Board students, were exposed in a massive and growing data breach after a computer hacker penetrated online marketer Epsilon.
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Oil up at 2-1/2-year peaks, Brent above $120

Oil rose to 2-1/2-year highs on Monday, with Brent crude pushing above $120 a barrel on geopolitical risks to supply along with expectations of growing demand after last week's supportive U.S. economic data.
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D.Boerse demurs on immediate NYSE bid lift

Deutsche Boerse will wait until bid target NYSE Euronext responds to a rival approach from Nasdaq and Intercontinental Exchange before considering raising its own offer, sources familiar with Boerse's thinking said on Monday.
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Boards play it safe as new M&A cycle begins

A nascent recovery in global dealmaking, focused on safer deals with clear strategic logic, probably marks the start of several years of rising mergers and acquisitions, senior bankers told the Reuters Global M&A Summit.
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Wall St flat as S&P faces strong resistance

The S&P 500 met tough overhead resistance on Monday as traders saw little reason to push up stock prices in the face of lingering geopolitical uncertainties that have weighed on equities recently.
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U.S. oil hits 2.5-year high, Brent nears $120

North Sea Brent crude oil hit a 2-1/2-year high of almost $120 a barrel on Monday as unrest in the Middle East and North Africa kept the focus on oil supplies as economic growth bolstered demand for fuel.
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Beazer gets into used home business

Homebuilder Beazer Homes is moving into the used homes business, starting a new division to buy recently built houses that it will rent out in a depressed U.S. housing market where many people are having trouble qualifying for home loans.
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China's Minmetals offers $6.5 billion for Equinox

Minmetals Resources <1208.HK>, China's biggest metals trading firm, on Monday offered $6.5 billion to buy Equinox Minerals , chasing the target company's copper assets in Zambia and Saudi Arabia.
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Brent rises above $119, U.S. oil at 2.5-year peak

Brent crude rose over $119 a barrel and U.S. crude hit a 2-1/2-year high on Monday at more than $108 as unrest in the Middle East and North Africa triggered concern that supplies could be dented while economic growth bolsters demand.
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Wall Street futures signal flat to higher opening

NEW YORK Stock index futures pointed to a flat to higher opening for Wall Street on Monday, with futures for the S&P 500 up 0.1 percent, Nasdaq futures up 0.1 percent and Dow Jones futures trading flat by 0841 GMT.
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Instant View: BOJ tankan shows quake to hit business mood

Big Japanese manufacturers expect conditions to worsen significantly in the next three months, responses to a Bank of Japan survey collected after the March 11 earthquake showed on Monday. It was a reversal of the full survey results.
Apple faces privacy breach charges with its secret user tracking file.

Apple's not so secret weapon in the tablet market

Most tablet makers are building the wrong field of dreams and at least one CEO has got himself separated from his company for it. It is plain for all to see that Apple's field of dreams is their network of dedicated Apple stores worldwide.This might even be the reason why Apple will own the tablet space for the foreseeable future. Richard Shim, senior analyst at Displaysearch wrote in this blog about the exigencies of selling a product like a table through a traditional retail chain such ...
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Japan business mood to worsen after quake

Japanese big manufacturers expect conditions to worsen significantly in the next three months, responses to a Bank of Japan survey collected after the March 11 earthquake showed on Monday. It was a reversal of the full survey results.
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Citi, Capital One involved in widening data breach

Citigroup Inc and Capital One Financial Corp were part of a large data breach that exposed the names and e-mail addresses of many large companies' customers, including those at some of the nation's largest banks.
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Gambling on a stocks break-out

The Standard & Poor's 500 index is poised to hit its highest mark in nearly three years this week after more signs of life from the jobs market, but think twice before betting the house.
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Decks clear for April launch of Glencore mega-float

Glencore has cleared the decks to launch its much-anticipated $10-billion listing around the middle of the month, receiving the nod from the Hong Kong stock exchange and positive signals from debt markets.
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Rep. Paul planning hearing on Fed foreign lending

Persistent Federal Reserve critic Representative Ron Paul plans to hold a hearing on the central bank's emergency loans to the branches of non-U.S. banks, and could ask a Fed official to testify, his spokeswoman said on Saturday.

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