S&P 500

J.C. Penney removed from the S&P 500 index

J.C. Penney was dropped from the Standard & Poor's 500 index after losing more than half of its market value this year alone. Its downward spiral began during a failed transformation under former CEO Ron Johnson, who was fired last April after 17 months in the job.

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CenturyLink sells USD750 million senior notes

Multinational telecommunications company CenturyLink Inc. said it will sell USD750 million in newly-issued unsecured senior notes due in 2023. Proceeds from the offering will be used to repurchase 2018 notes of its subsidiary Qwest Communications.

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US stocks fall as Federal Reserve retains bond buying program

The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.

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Hedge funds' short sales at year-high levels amid volatile market due to US budget impasse

Investors were forced to short sell, or sell securities it does not own, due to the prolonged partial government shutdown.

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Europe better outlook as against the US

Europe's equities have earned better in the past week compared to the US stocks.

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