Economy

POLITICS: PennAve

Here's what the Fed could have bought with QE3

By Joseph Lawler | 07/28/14 07:45 AM

For perspective, if the Fed were allowed to buy stocks, at current prices it could have bought Apple, Google and Microsoft for that sum -- with General Motors and Ford thrown into the mix, with $44 billion left over.
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Dollar Tree buying Family Dollar for $8.5 billion

07/28/14 12:11 PM

NEW YORK (AP) — Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own. The companies put the...
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Nissan profit rises on strong sales, cheap yen

By YURI KAGEYAMA | 07/28/14 05:09 AM

TOKYO (AP) — Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China. Nissan Motor Co. reported Monday a better-than-expected net profit of 112 billion yen ($1.1 billion) for the April-June first fiscal quarter, up...
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