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Reuters: Business News

Wall St. turns positive after weak start as tech rebounds

(Reuters) - Wall Street eked out small gains in early trading on Tuesday, easing off a lower opening, as a drop in energy and financial stocks was offset by a rebound in the technology sector.

Posted: Tue 9th of February, 2016

Viacom sales miss estimates, shares drop; CEO hits out at critics

(Reuters) - Viacom Inc , the owner of MTV, Comedy Central, Nickelodeon and movie studio Paramount, reported a steeper-than-expected drop in quarterly revenue, hurt by lower advertising sales in the United States and few hit movie releases in the period, sending its shares down 11.3 percent.

Posted: Tue 9th of February, 2016

U.S. wholesale inventories, sales fall in December

WASHINGTON - U.S. wholesale inventories slipped in December for a third straight month as businesses continued to reduce unsold merchandise, suggesting the advance fourth-quarter economic growth estimate could be revised slightly lower.

Posted: Tue 9th of February, 2016

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