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Auto-parts maker BorgWarner Inc. (BWA) said weaker foreign currencies and softer-than-expected volume hurt its sales growth last year, but it remains hopeful the trend will reverse as the dollar strengthens this year.
By Tomi Kilgore, MarketWatch
Copper miner ETF falls to new low, as Freeport-McMoRan shares drop 12%
Shares of copper miners plunged in morning trade Wednesday, as concerns over a slowing global economy and a supply glut sent copper futures prices tumbling to 5 1/2-year lows.
By Claudia Assis, MarketWatch
Wholesale sector downgrade helps push energy stocks lower
SAN FRANCISCO (MarketWatch) -- Energy companies were among the top decliners on the S&P 500 index on Wednesday, on the heels of a wholesale sector downgrade from Barclays.
Exelon Corporation (NYSE:EXC) and Pepco Holdings Inc. (NYSE:POM) today
announced that they have reached a settlement in the proceeding before
the New Jersey Board of Public Utilities (BPU) to review the two
companies’ proposed merger, which was announced on April 30, 2014.
By Jeffry Bartash, MarketWatch
Cheaper gas spurs 0.9% decline, but most retailers fare poorly
WASHINGTON (MarketWatch) -- Retail sales in the U.S. sank in December largely because consumers spent a lot less to fill up at the gas station, but most stores posted weak results during the busiest month of the shopping season, government data show.
By Saabira Chaudhuri And Emily Glazer
J.P. Morgan Chase & Co.'s fourth-quarter profit fell 6.6% as the bank posted higher-than-expected legal expenses and climbing provisions for loans that could sour.
By David Weidner, MarketWatch
Wells Fargo's results, after all, show that big banks can still increase profits
SAN FRANCISCO (MarketWatch) -- If you want to know the key difference in today's post-financial-crisis banking, look no further than the latest results from J.P. Morgan Chase & Co.
FAIRFAX, VA and IRVINE, CA --
By Daniel Goldstein, MarketWatch
Home loan borrowers need only send a letter to their bank to rescind a contract when disclosure violations are at issue
The U.S. Supreme Court handed a win to mortgage borrowers when they unanimously ruled a lender erred when it insisted that borrowers who opted to back out of a mortgage because of disclosure errors by the bank had to go to court to do so.
Memory®, Inc. , (NYSE:VMEM), a leading provider of award-winning
all-flash storage arrays and appliances delivering application solutions
for the enterprise, today announced that Violin Concerto™ 7000 All Flash
Array technology has been selected as a finalist in the Storage
magazine/SearchStorage.com 2014 Products of the Year Awards
competition in the Storage Systems: All-Flash Systems category.
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