Markets wait for Fed stocks finish mixed
New York stocks ended a subdued session with a narrowly mixed close as oil rose toward 45 dollars a barrel ahead of the Federal Reserve policy meeting. Dow fell slightly while the S&P 500 edged up and the Nasdaq slipped. investors weighed oil volatility, jobs data, and wholesale inventories.
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Google agrees to give Yahoo stock to settle patent dispute
Google Inc will surrender more than 300 million dollars of its stock to Yahoo Inc in a settlement that ends a patent lawsuit over online advertising technology and resolves a past partnership dispute. Yahoo gains 2.7 million Google shares and the deal is valued at about 328 million dollars based on IPO pricing ranges.
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Tlement
Fed expected to inch rates higher before elections
The Fed is seen raising rates by a quarter point on Tuesday but likely pausing further tightening until after the November elections as July job growth slowed to 32,000 the smallest gain this year. Analysts say the economy faces a soft patch but remains on track overall.
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