Analyst news

• UPDATE 1-Biotech shares rally as Pfizer-Allergan deal collapses

  06-04-2016 23:26
  
  NEW YORK, April 6 (Reuters) - The collapse of one pharmaceutical mega-merger could beget many smaller deals - at least that is the hope of biotech investors.
  
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• Wall Street rises with healthcare; oil rallies

  06-04-2016 22:58 via news.yahoo.com
  
  Minutes from the most recent Federal Reserve meeting suggested the Fed was unlikely to raise interest rates before June. U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc called off their merger after new U.S. Treasury rules aimed at curbing tax-cutting inversion deals. Shares of Pfizer rose 5 percent to $32.93 and gave the biggest boost to the S&P 500, while Allergan was up 3.5 percent at $244.74.
  
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• FOMC Minutes From March Show Mixed Emotions for April Hike

  06-04-2016 22:25
  In the FOMC meeting minutes from March, there was a noticeable disagreement between members as some would like to keep open the possibility for a hike in April, while others prefer more caution.
  
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• Oil, healthcare boost stocks; dollar weak after minutes

  06-04-2016 22:24 via news.yahoo.com
  
  Global equity markets posted solid gains on Wednesday, aided by a climb in oil prices and a surge in healthcare stocks, while the U.S. dollar hit a fresh 17-month low against the yen after the minutes from the latest Federal Reserve meeting. Stocks on Wall Street and in Europe bounced from declines of more than 1 percent in the prior session, led by energy and healthcare sectors. The healthcare sectors , were the top performing groups in both the United States and Europe, with each up more than
  
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• Oil, healthcare boost global stocks; dollar weak after minutes

  06-04-2016 22:22 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Global equity markets posted solid gains on Wednesday, aided by a climb in oil prices and a surge in healthcare stocks, while the U.S. dollar hit a fresh 17-month low against the yen after the minutes from the latest Federal Reserve meeting. Stocks on Wall Street and in Europe bounced from declines of more than 1 percent in the prior session, led by energy and healthcare sectors. The healthcare sectors , were the top performing groups in both the United
  
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• WTI Crude Oil Price Forecast: Is Momentum About to Breakout?

  06-04-2016 22:10
  Oil Is Showing Technical Resilience on Many Fronts. However, If It Passes One Specific Test, This Bull Might Have Legs.
  
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• Gold Prices: Is the Digestion Nearing Demise?

  06-04-2016 21:50
  After an aggressive bullish breakout, Gold prices have channeled lower. But with higher lows beginning to show, are we nearing an end of the consolidation in Gold prices?
  
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• Not So Fast, Hillary: Bernie’s Right About Breaking Up the Banks

  06-04-2016 21:32 via rocketnews.com
  Does Sen. Bernie Sanders of Vermont know what he’s talking about when he calls for the breakup of big Wall Street banks, a regular feature of his populist presidential campaign stump speech?
  Or, has he really done his homework on the Dodd-Frank law and federal banking regulations–a topic that goes to the heart of his challenge to former of State Hillary Clinton for the Democratic presidential nomination?
  Related: Sanders: I’ll Win New York, Too – and Then the White House
  
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• Stocks climb on oil move, healthcare; Fed minutes due

  06-04-2016 19:48 via news.yahoo.com
  
  A climb in oil prices and a surge in healthcare stocks helped global equity markets advance on Wednesday, while the U.S. dollar hit a fresh 17-month low against the yen ahead of minutes from the most recent meeting of the Federal Reserve. Stocks on Wall Street and in Europe bounced from declines of more than 1 percent in the prior session, led by energy and healthcare sectors. The healthcare sector continued to garner attention in the wake of the decision by Pfizer and Allergan to scrap their $1
  
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• Global stocks climb on oil move, healthcare; Fed minutes due

  06-04-2016 19:46 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - A climb in oil prices and a surge in healthcare stocks helped global equity markets advance on Wednesday, while the U.S. dollar hit a fresh 17-month low against the yen ahead of minutes from the most recent meeting of the Federal Reserve. Stocks on Wall Street and in Europe bounced from declines of more than 1 percent in the prior session, led by energy and healthcare sectors. The healthcare sector continued to garner attention in the wake of the decisio
  
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• Wall Street pushed higher by healthcare, energy stocks

  06-04-2016 19:24 via news.yahoo.com
  
  Healthcare and energy stocks drove gains on Wall Street on Wednesday ahead of the release of minutes from the U.S. Federal Reserve's meeting on interest rates in March. The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally - sparked by rising oil, strength in the economy and a cautious Fed - helped stocks recover from a steep selloff that had sent the S&P
  
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• AUD/JPY Game Plan: Sell the Bounce- Bearish Invalidation 84.82

  06-04-2016 18:57
  The immediate AUDJPY short-bias is at risk after reversing off key the 200-day moving average last week. Here are the updated targets & invalidation levels that matter.
  
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• EUR/USD Retail Sentiment Remains Skewed Ahead of Fed, ECB Minutes

  06-04-2016 18:55
  The retail FX crowd remains net-short EUR/USD even as the pair approaches the 2016 high ahead of the Fed & ECB meeting minutes.
  
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• GBP/USD Technical Analysis: Bear Flag Resistance Test

  06-04-2016 18:39
  One of the few currencies in the world that's actually been weaker than USD is the British Pound. With a recent bear flag break, might we have the return of the down-trend?
  
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• China’s Market News: Four Pilot Banks Will Test Debt-Equity Swaps

  06-04-2016 18:39
  More details on the debt-equity swap program were released yesterday.
  
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• Biotech shares rally as Pfizer-Allergan deal collapses

  06-04-2016 18:21
  
  NEW YORK, April 6 (Reuters) - The collapse of one pharmaceutical mega-merger could beget many smaller deals - at least that is the hope of biotech investors.
  
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• Britain's FTSE lifted by pharma firms after Pfizer deal falls apart

  06-04-2016 18:00 via news.yahoo.com
  * Airline easyJet falls on latest passenger numbers (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. LONDON, April 6 (Reuters) - Pharmaceuticals companies helped Britain's top share index to move higher on Wednesday as Pfizer pulled out of a deal for Allergan, prompting speculation over other merger and acquisition activity in the sector.
  
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• Oil jump helps stocks with Fed minutes on tap

  06-04-2016 17:46 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - The dollar hit a fresh 17-month low against the yen on Wednesday, while a climb in oil prices helped global equity markets advance modestly ahead of minutes from the most recent meeting of the U.S. Federal Reserve. Stocks on Wall Street and in Europe moved slightly higher, buoyed by gains in the energy and healthcare sectors. The healthcare sector continued to garner attention in the wake of the decision by Pfizer and Allergan to scrap their $160 billion
  
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• Electric Word reports 75% increase in full year earnings

  06-04-2016 16:57 via news.yahoo.com
  (ShareCast News) - Specialist business information group Electric Word reported a 75% increase in earnings in the full year following the disposal of a number of divisions.
  
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• MIDEAST STOCKS-Egypt slumps as locals dump stocks; Gulf moves little

  06-04-2016 16:42 via news.yahoo.com
  * Egypt retreats from near technical resistance * Petrochemicals lift Saudi shares as oil rises * Dubai and Abu Dhabi erase early gains * Dubai's Shuaa Capital jumps again By Celine Aswad DUBAI, April 6 (Reuters) - Egypt's stock market tumbled on Wednesday as local investors booked profits made after the March 14 devaluation of the currency. Gulf markets were little changed as the region's first-quarter earnings season began. The Egyptian index sank 2.6 percent to 7,460 points, retreating from t
  
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• USD/CAD – Not Out of the Woods Yet

  06-04-2016 16:35
  USD/CAD stalls at key trendline. Price action over next few days should prove pivotal.
  
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• Pfizer deal collapse injects life into pharma stocks

  06-04-2016 16:02 via rocketnews.com
  Most European markets were modestly higher in afternoon trading and Wall Street also opened on the upside, with shares in most rival pharmaceutical companies posting solid gains (AFP Photo/Leon Neal)MoreGlobal stock markets were feeling no pain Wednesday from the collapse of what would have been the world’s second-largest merger ever when Pfizer and Allergan abandoned their $160 billion tie-up.
  Most European markets were modestly higher in afternoon trading and Wall Street also opened on t
  
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• Wall Street opens higher ahead of Fed minutes

  06-04-2016 15:40 via news.yahoo.com
  
  REUTERS - U.S. stocks opened higher on Wednesday as oil prices rose and investors awaited the release of minutes from the Federal Reserve's March meeting on monetary policy. The Dow Jones industrial average was up 12.61 points, or 0.07 percent, at 17,615.93, the S&P 500 was up 1.52 points, or 0.07 percent, at 2,046.69 and the Nasdaq composite was up 7.44 points, or 0.15 percent, at 4,851.37. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D'Silva)
  
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• The EUR/USD Fails to Breakout Lower Ahead of FOMC Minutes

  06-04-2016 15:40
  The EUR/USD has failed to breakout lower for two consecutive days.
  
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• Silver Prices Ease Following Stable Stock Markets

  06-04-2016 13:56
  Silver prices soften today following lower demands for safe haven assets after stock markets stabilized.
  
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• FOMC Minutes Set to Crack Rangebound USDOLLAR Index

  06-04-2016 13:45
  With the March FOMC minutes due later today, the US Dollar (and likewise, US equity markets) have a chance to crack their ranges from the past week.
  
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• Analytical review of the stocks of General Electric Company

  06-04-2016 13:30 via liteforex.com
  Forex analytics: General Electric Company, #GE [NYSE] Industrial goods, Diversifies industry, USA Financial performance of the company: Index – DJIA, S&P 500;Beta – 1.19; Capitalization – 302.06 В;Return on asset – 0.30%; Income - 1.68 B;Average volume – 50.82 М; P/E - 213.43;ATR – 0.64. Analytical review:The company ranks the first on capitalization in the sector of “Industrial goods” among ...
  
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• South Africa's rand turns weaker after S&P warns of pressure on credit rating

  06-04-2016 12:42 via news.yahoo.com
  
  South Africa's rand relinquished earlier gains against the dollar on Wednesday, turning weaker after Standard & Poor's said low economic growth remained a pressure point on its credit rating. Ratings agencies have warned of possible downgrades for Africa's most advanced economy, which has struggled to expand significantly since a 2009 recession. Investors have also been worried about Pretoria's commitment to fiscal prudence after President Jacob Zuma suddenly fired two finance ministers in D
  
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• South Africa’s rand turns weaker after S&P warns of pressure on credit rating

  06-04-2016 12:42 via rocketnews.com
  An informal trader counts out change in her cash box at her stall in Hillcrest, west of Durban, South Africa, January 11, 2016. REUTERS/Rogan WardMoreJOHANNESBURG (Reuters) – South Africa’s rand relinquished earlier gains against the dollar on Wednesday, turning weaker after Standard & Poor’s said low economic growth remained a pressure point on its credit rating.
  Ratings agencies have warned of possible downgrades for Africa’s most advanced economy, which has struggl
  
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• EUR/USD: between the levels of 1.1430 and 1.1340

  06-04-2016 12:39 via liteforex.com
  Forex analytics: After reaching the level of 1.1430 last week, the pair EUR/USD has been declining for the third day in a row. Strong US macro-economic data released last Friday caused the rise in the USD against major counterparts, including the pair EUR/USD.The price is at support level of 1.1340 (highs of February and March).On 4-hour chart the indicators OsMA and Stochastic are reversing towards the short ...
  
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• EUR/USD: minutes of FOMC meeting and a speech by Mario Draghi

  06-04-2016 12:25 via liteforex.com
  Forex analytics: Today at 18:20 (GMT+2) a head of the US Federal reserve Bank of Cleveland and a member of the FOMC Loretta J. Maester will give a speech. Mrs Maester participates in the formation of monetary policy of the US Fed and supports continuation of the monetary policy tightening in the United States. Later, at 20:00 (GMT+2) minutes of the last meeting of the Committee on open market operations will be ...
  
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• Strong Ivey PMI to Limit USD/CAD Gains- RSI Divergence in Focus

  06-04-2016 12:00
  A marked rebound in Canada’s Ivey Purchasing Manager Index (PMI) may limit the topside risk for USD/CAD as it dampens bets for a BoC rate-cut in 2016.
  
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• MIDEAST STOCKS-Petchems lift Saudi as oil recovers, Egypt edges up

  06-04-2016 11:29 via rocketnews.com
  DUBAI, April 6 (Reuters) – A rebound in oil prices helped lift Saudi Arabia’s stock market in early trade on Wednesday while Egypt edged up in thin volume.
  Riyadh’s index was up 0.7 percent as the petrochemical sector recovered from the previous day’s losses and rose 1.6 percent. Advanced Petrochemical added 2.0 percent, adding to a 1.0 percent gain on Tuesday, when it announced a 62.9 percent jump in first-quarter profit.
  The telecommunications sector was another top gai
  
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• South Africa's credit rating at risk due to political tensions: S&P

  06-04-2016 11:20 via news.yahoo.com
  
  Political upheavals in South Africa pose a risk to its sovereign credit rating, ratings firm Standard & Poor's said on Wednesday, a day after President Jacob Zuma survived an impeachment motion in parliament for ignoring the constitution. S&P said last week's constitutional court ruling that Zuma had breached the constitution by ignoring an order to repay some of the $16 million in state funds spent on renovating his home and the subsequent political fallout could divert government's att
  
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• South Africa’s credit rating at risk due to political tensions: S&P

  06-04-2016 11:20 via rocketnews.com
  A view shows the Standard & Poor’s building in New York’s financial district February 5, 2013. REUTERS/Brendan McDermidMoreJOHANNESBURG (Reuters) – Political upheavals in South Africa pose a risk to its sovereign credit rating, ratings firm Standard & Poor’s said on Wednesday, a day after President Jacob Zuma survived an impeachment motion in parliament for ignoring the constitution.
  S&P said last week’s constitutional court ruling that Zuma had breached
  
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• Brent: In anticipation of the data from the US Department of Energy

  06-04-2016 11:18 via liteforex.com
  Forex analytics: On Tuesday evening American Petroleum Institute (API) announced the decline of the commercial oil reserves by 4.3 million barrels last week against the rise of 2.6 million barrels a week before that. Reserves of gasoline fell by 100 000 barrels. This information has supported the price of oil and today the price has been growing since the opening of the trading day.Last night a member of OPC, ...
  
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• South African rand weakens after S&P hints at pressure on credit rating

  06-04-2016 11:03 via rocketnews.com
  JOHANNESBURG (Reuters) – South Africa’s rand relinquished earlier gains against the dollar on Wednesday, turning weaker after Standard & Poor’s said weak economic growth remained a pressure point on its credit rating.
  The rand fell to a session low of 15.2800 against the greenback, down 1.1 percent from Tuesday’s New York close of 15.1050.
  (Reporting by Stella Mapenzauswa and Tanisha Heiberg; Editing by James Macharia)
  The post South African rand weakens after S&P
  
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• DAX 30 Aiming to Claw Back Losses

  06-04-2016 10:53
  Yesterday’s losing sectors, those within Energy production and the Automobile industry try to claw back losses.
  
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• Daimler confirms HERE in talks with Amazon, Microsoft

  06-04-2016 10:47 via rocketnews.com
  Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike SegarMoreBERLIN (Reuters) – Amazon.com and Microsoft are in talks about taking a minority stake in HERE, a digital mapping business controlled by Germany’s luxury carmakers to help develop self-driving cars, Daimler said on Wednesday.
  Germany’s luxury carmakers including Daimler’s Mercedes, Volkswagen’s Audi division and BMW bought HERE for 2.5 billio
  
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• EUR/GBP Technical Analysis: Aiming Above 0.81 Figure?

  06-04-2016 09:50
  The Euro resumed its advance against the British Pound after brief pause, pushing upward to the highest level since September 2014.
  
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• FTSE 100 Claws Back Losses and FOMC Minutes are on Deck

  06-04-2016 09:17
  The FTSE 100 (FXCM: UK100) is higher by 0.66% at the time of writing in what appears to be an attempt to claw back some of yesterday’s losses.
  
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• MIDEAST STOCKS-Gulf may edge up as oil recovers; QNB earnings loom

  06-04-2016 07:54 via rocketnews.com
  DUBAI, April 6 (Reuters) – Stock markets in the Gulf may recover some of the previous session’s losses on Wednesday as oil prices stage a comeback, but investors are likely to be cautious ahead of first-quarter earnings season in the region.
  Brent futures bounced from one-month lows and were trading 1.9 percent higher at $38.59 in early Asian trade on Wednesday.
  On Tuesday Gulf bourses pulled back, with Qatar’s index falling 2.2 percent as investors dumped blue chips. But Dubai
  
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• US Dollar Looks to FOMC Meeting Minutes to Fuel Recovery

  06-04-2016 07:27
  The US Dollar is looking to minutes from the March meeting of the Federal Reserve to rekindle near-term rate hike speculation and push prices upward.
  
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• A Tale of Two Currencies: Hong Kong Dollar and Chinese Yuan

  06-04-2016 05:00
  Hong Kong Dollar serves a unique role between Hong Kong and mainland China, and this position may pose a problem for its pegged range in the foreseeable future.
  
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• Dollar near 17-month low vs yen after Japan PM’s currency comments

  06-04-2016 02:18 via rocketnews.com
  A U.S. one-hundred dollar bill (C) and Japanese 10,000 yen notes are spread in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei MiyanoMoreBy Shinichi Saoshiro
  TOKYO (Reuters) – The dollar hovered near a 17-month low against the yen on Wednesday after taking a fresh knock overnight on comments by Japan’s prime minister which suggested the authorities were cautious towards arresting the yen’s appreciation.
  The U.S. currency traded little changed at 110.300 ye
  
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• UPDATE 5-Pfizer's Allergan deal teeters on new U.S. inversion curbs

  06-04-2016 02:03
  
  NEW YORK, April 5 (Reuters) - U.S. drug maker Pfizer Inc's $160 billion agreement to acquire Botox maker Allergan Plc was on the brink of being abandoned on Tuesday, after the U.S. Treasury issued...
  
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• After rally, earnings gloom takes hold on Wall Street

  06-04-2016 01:14 via news.yahoo.com
  
  By Noel Randewich (Reuters) - Wall Street fell sharply on Tuesday as investors took gains off the table following a recent rally and ahead of an upcoming quarterly reporting season that is expected to reveal sharply lower earnings. Following a 13-percent surge over the past seven weeks, the S&P 500 declined 1.01 percent, with all 10 sectors down and a sharp drop in pharmaceutical company Allergan. It was the S&P's first decline in six sessions, leaving the index flat for 2016. ...
  
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• After two years as a fixed income star, munis lose luster in first quarter

  06-04-2016 01:08 via news.yahoo.com
  U.S. municipal bonds drew investors and yielded positive returns throughout the first quarter of this year, but their performance paled compared to Treasuries, which gained in January during a Chinese-led global stock market rout. The Treasury rally marred a two-year run of outperformance by municipal bonds. Munis returned 1.67 percent as of March 31, according to Barclay's Municipal Bond index, versus 3.20 percent for Treasuries.
  
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• Disney executive search may mean longer stay for CEO Iger: analysts

  06-04-2016 00:28 via rocketnews.com
  Chairman and CEO of The Walt Disney Company Bob Iger speaks in front of the unveiled scale model of the future Shanghai Disneyland during a news conference, in Shanghai, July 15, 2015. REUTERS/China DailyMoreBy Lisa Richwine
  LOS ANGELES (Reuters) – Walt Disney Co Chief Executive Bob Iger could be asked to postpone his retirement a third time to help smooth the transition to a new leader of the storied media company, analysts suggested after Monday’s surprise resignation of Chief Oper
  
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• Disney exec search may mean longer stay for CEO Iger – analysts

  06-04-2016 00:28 via rocketnews.com
  Bob Iger, the Chief Executive Officer of Disney, arrives at the European Premiere of Star Wars, The Force Awakens in Leicester Square, London, December 16, 2015. REUTERS/Dylan MartinezMoreBy Lisa Richwine
  LOS ANGELES (Reuters) – Walt Disney Co Chief Executive Bob Iger could be asked to postpone his retirement a third time to help smooth the transition to a new leader of the storied media company, analysts suggested after Monday’s surprise resignation of Chief Operating Officer Tom St
  
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