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Sony cuts annual profit view on movie business writedown

Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December operating profit fell to 92.4 billion yen

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Sony cuts annual profit view on movie business writedown

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Oil prices steady after sharp rise in U.S. stockpiles

Oil prices steadied on Thursday after a sharp rise in U.S. crude and gasoline stockpiles, although evidence that OPEC and other big exporters were cutting production helped support sentiment. Brent crude was up 5 cents at $56.85 a

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Oil prices steady after sharp rise in U.S. stockpiles

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U.S. economic activity expanded, but conditions mixed: Fed

U.S. economic activity continued to expand in most districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday. The decidedly mixed picture illustrates the headache Fed policymakers face when they next meet to decide the path of interest rates on March 15-16. Consumer spending increased in

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U.S. economic activity expanded, but conditions mixed: Fed

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Pressure builds against short sellers targeting Tesla

Potential losses are building against traders who have bet against Tesla Motors Inc . The electric car manufacturer's stock has surged about 25 percent since it posted upbeat quarterly results in early February. At the same time, activity by short sellers – who bet that a company's shares will fall – has hit an all-time high, and the interest rate paid by short sellers has skyrocketed.

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Pressure builds against short sellers targeting Tesla

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Privacy groups urge U.S. judge to support Apple in iPhone case

(Reuters) – Digital privacy advocates have called on a U.S. federal judge to approve Apple Inc's request not to be compelled to build software to help the FBI unlock an iPhone used by one of the shooters in the …

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Privacy groups urge U.S. judge to support Apple in iPhone case

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Asia shares scale 7-week peak, commodities on the mend

Asian shares were bound for a third straight session of gains on Thursday as upbeat data on U.S. jobs and a rally in a range of commodities whetted risk appetites globally. MSCI's broadest index of Asia-Pacific shares outside Japan added another 0.9 percent to reach a seven-week top, having surged 2.6 percent on Wednesday. Japan's Nikkei

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Asia shares scale 7-week peak, commodities on the mend

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Oil prices give up earlier gains; languish near 11-year lows

By Jacob Gronholt-Pedersen and Roslan Khasawneh SINGAPORE (Reuters) – Oil prices on Wednesday gave back earlier gains, retreating toward the previous session's close near 11-year lows as concerns over growing…

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Oil prices give up earlier gains; languish near 11-year lows

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Major U.S. banks raise prime rates after Fed rate hike

(Reuters) – Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. Banks including Wells Fargo & Co , JPMorgan Chase & Co and Bank of America Corp raised their prime rates

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Major U.S. banks raise prime rates after Fed rate hike

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Crude falls after U.S. Fed rate hike, inventory gains

By Aaron Sheldrick TOKYO (Reuters) – Crude futures fell in Asian trade on Thursday, adding to sharp losses the previous session after the Federal Reserve raised rates for the first time in nearly a decade and official figures showed

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Crude falls after U.S. Fed rate hike, inventory gains