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Posted by admin on August 7, 2008 under News | 
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Sizing Up the Summer Slump
The performance of the Standard & Poor's index of 500 stocks was true to its recent form in July, as it declined 1.0%—marking the fifth decline in seven months and the seventh down month in …
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Global stocks, euro shrug off inflation, U.S. GDP eyed (Reuters)
Reuters – Global stocks ticked higher on Thursday in the afterglow of a concerted central bank move to boost liquidity but a rebound in oil and disappointing results from some major companies capped gains.
Posted by admin on August 6, 2008 under News | Be the First to Comment
Elan climbs on upgrade amid drug-stock gains
BOSTON (MarketWatch) — Drugs stocks climbed into positive territory early Tuesday as shares of Elan Corp. gained after analysts at Canaccord upgraded the stock to hold from sell.
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Financials, Goldcorp help lift TSX (Reuters)
Reuters – The Toronto Stock Exchange’s main index regained early losses to move slightly higher on Thursday morning, pulled up by stronger financials and merger news in the gold mining sector.
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Gold futures drop below $900 an ounce
SAN FRANCISCO (MarketWatch) — Gold futures fell below $900 per ounce Tuesday to trade at their lowest level since late June, following a decline in oil prices and pressure from U.S. dollar strength, …
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Nasdaq second-quarter profit rises 81 percent (AP)
AP – Nasdaq OMX Group’s second-quarter earnings rose 81 percent from a year earlier as the company added market share.
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Retail shares extend rally after Fed keeps rate unchanged
The Federal Open Market Committee kept its benchmark federal funds rate unchanged at 2%, in line with expectations. The U.S. central bank also gave no sign that it plans to change policy in the forese…
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Citigroup to be charged by Cuomo, faces SEC probe (Reuters)
Reuters – New York Attorney General Andrew Cuomo plans to imminently charge Citigroup Inc , accusing it of fraudulently marketing and selling auction-rate securities, and destroying documents that had been subpoenaed.
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Why 10 bourses have bucked the global downturn
In the 12 months to the end of July, only 10 bourses stayed in positive territory, all of them in emerging markets. Half were in the Middle East, two in North Africa, plus Bangladesh, Slovakia and the…
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Citigroup faces charges by Cuomo, SEC probe (AP)
AP – New York Attorney General Andrew Cuomo on Friday said he is prepared to charge Citigroup Inc. with fraudulent sales of auction-rate securities and with the destruction of key documents.
