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LinkedIn schedules special shareholder meeting for Microsoft acquisitionExternal Link

LinkedIn Corp said late Friday it was holding a special meeting of shareholders Aug. 19 to vote on the social network's acquisition by Microsoft Corp. . Shareholders are entitled to $196 cash for each share of LinkedIn, the company said. Back in June, LinkedIn said Microsoft had offered $26.2 billion for the company.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 22 Jul 2016 22:24:48 GMT
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Specialty insurer Ironshore files for IPOExternal Link

Specialty commercial and casualty insurance company Ironshore Inc. plans an initial public offering, according to a filing with the Securities and Exchange Commission late Friday. Underwriters include Bank of America Merrill Lynch, Citigroup, J.P. Morgan, and UBS. The company reported earnings of 41 cents a share on revenue of $1.65 billion in 2015.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 22 Jul 2016 20:37:13 GMT
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S&P 500 hits new record high close as stocks rally for fourth weekExternal Link

​The S&P 500 finished at a new record high close on Friday with the broader market gaining for a fourth week in a row as stocks bounced back from Thursday's correction. The S&P 500 index rose 10 points, or 0.5%, to end at 2,175 for a weekly gain of 0.6%. The Dow Jones Industrial Average gained 53 points, or 0.3%, to close at 18,570, adding 0.3% for the week. The Nasdaq Composite Index advanced 26 points, or 0.5%, to finish at 5,100, closing the week 1.4% higher.​

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 22 Jul 2016 20:03:09 GMT
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U.S.-listed shares of German companies little changed in late tradeExternal Link

U.S.-listed shares of German companies were little changed Friday, as the news of an apparent terror attack in the city of Munich was breaking. The iShares MSCI Gernany ETF , an exchange-traded fund that tracks a broad index of German equities, was down 0.1% in late trade. Few individual American depositary receipts were moving, with Deutsche Bank quoted down 0.8% and Adidas down 0.5%; software company SAP AG was up 0.3%. The Dax 30 Index closed earlier down 0.1%. The S&P 500 was up 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 22 Jul 2016 19:45:03 GMT
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Obama offers to help Germany in wake of Munich shootingExternal Link

WASHINGTON (MarketWatch) - President Barack Obama on Friday pledged to provide "all the support" that Germany may need in the wake of the Munich shooting spree. Obama said he was briefed on the shooting and that it was unclear what had happened. "It's still an active situation," the president said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 22 Jul 2016 19:34:39 GMT
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