Stocks News
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U.S. stocks were little changed, following the biggest drop in three weeks for the Standard & Poor’s 500 Index, as concern over European debt-crisis talks offset better-than-forecast economic reports.
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European stocks advanced as the region’s leaders gathered in Brussels for the second summit in four days to address the debt crisis and after U.S. durable- goods orders and home sales topped forecasts.
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Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 11 a.m. in New York.
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Groupon Inc. is seeking a valuation of about 5 times projected 2012 sales in its initial public offering, people familiar with the plans said, making it more expensive than Amazon.com Inc. and Microsoft Corp.