TOP FINANCE STORIES
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Wed, 23 Jul 2008 21:22:00 GMT
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Oil prices slide $4 to below $125
Wed, 23 Jul 2008 21:22:00 GMT
tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand. Oil has now fallen to its lowest level since early June as investors look to be leaving the market. Light,
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Stocks end higher on sliding oil prices
Wed, 23 Jul 2008 21:19:00 GMT
Stocks finished higher Wednesday as investors cheered falling oil prices and waited to see if the House passed a bill that would support the struggling housing market. 'When you look at cheaper oil and better-than-expected earnings, there is the
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Stocks close up on sliding oil prices
Wed, 23 Jul 2008 20:32:00 GMT
Stocks finished higher Wednesday as investors cheered falling oil prices and waited to see if the House passed a bill that would support the struggling housing market. 'When you look at cheaper oil and better-than-expected earnings, there is the
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Stocks tick up as oil drops
Wed, 23 Jul 2008 18:45:00 GMT
Stocks recovered some of their earlier gains Wednesday afternoon as investors watched oil fall as much as $4 a barrel. 'When you look at cheaper oil and better-than-expected earnings, there is the momentum at play,' said Art Hogan, chief market
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Stocks churn in afternoon session
Wed, 23 Jul 2008 18:21:00 GMT
Stocks churned Wednesday afternoon as investors weighed lower oil and gasoline prices with a slew of quarterly financial reports. 'When you look at cheaper oil and better-than-expected earnings, there is the momentum at play,' said Art Hogan, chief
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Bonds fall as housing bill nears reality
Wed, 23 Jul 2008 17:45:00 GMT
Treasury prices fell Wednesday as legislation aimed at rescuing the ailing housing market neared approval, giving bondholders a reason to venture back into more risky investments. The benchmark 10-year note fell 10/32 to 97 27/32 and its yield rose to
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Stocks climb as oil prices fall
Wed, 23 Jul 2008 15:03:00 GMT
Stocks moved higher on Wednesday as investors welcomed falling oil and gas prices and overlooked a slew of spotty quarterly financial reports. Also on Wednesday, expectations mounted for the House to pass a bill that would support the struggling housing
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Oil slides lower from record high
Wed, 23 Jul 2008 14:04:00 GMT
Hurricane fears are now lesseningOil prices have continued to fall, sliding from their record highs earlier this month and hitting some of their lowest levels since the start of June.Traders said fears had eased that Hurricane Dolly would damage oil and
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Oil prices continue to tumble
Wed, 23 Jul 2008 10:12:00 GMT
Oil prices slipped further Wednesday after tumbling more than $3 a barrel in the previous session as a hurricane looked likely to spare key oil installations in the U.S. Gulf of Mexico. Oil has now fallen to its lowest level since early June as
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Oil prices continue on downwards
Wed, 23 Jul 2008 08:49:00 GMT
Hurricane fears are now lesseningOil prices continued to fall from record highs this month, as fears eased Hurricane Dolly would hit oil and gas supply and US demand dwindled. A strong session for the dollar also reduced the appeal of commodities,
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Peugeot-Citroen net profit rises
Wed, 23 Jul 2008 07:59:00 GMT
French automaker PSA Peugeot-Citroen on Wednesday said net profit rose almost 50 percent in the first half, as cost-cutting and efficiency measures more than offset an increase in energy and raw material costs. Net profit in the six months until June
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Stocks stage late-day rally
Tue, 22 Jul 2008 20:54:00 GMT
with the Dow closing up 135 points, as falling oil prices overshadowed grim quarterly financial reports. At the end of the trading day, the 30-stock Dow Jones industrial average (INDU) was up 1.2%. The broader Standard & Poor's 500 (SPX) index gained
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Stocks mixed as oil falls
Tue, 22 Jul 2008 18:24:00 GMT
The Dow industrials struggled to hold onto gains, after an earlier selloff, amid tumbling oil prices and grim corporate earnings. The tech-heavy Nasdaq remained under pressure. With just over two hours left in the session, the 30-stock Dow Jones
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Dow on upswing as oil falls
Tue, 22 Jul 2008 17:12:00 GMT
NEW YORK (CNNMoney.com) -- As oil prices sank more than $5, the Dow led a modest rally on Tuesday in midday trading, mostly moving past a slew of grim quarterly financial reports. The tech-heavy Nasdaq, however, was still hovering in negative territory.
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Stocks Rebound From Setbacks in Financial Sector
Tue, 22 Jul 2008 15:53:00 GMT
Stocks were able to come back from a lower opening Tuesday on Wall Street, overcoming news of a nearly $9 billion loss at a major bank, Wachovia, and a series of dour earnings reports that renewed concern about the prospects of the beaten-up financial
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Stocks Lower on Setbacks in Financial Sector
Tue, 22 Jul 2008 14:33:00 GMT
Stocks opened lower on Wall Street on Tuesday after a series of dour earnings reports renewed concern about the prospects of the beaten-up financial sector, and investors absorbed the news of a nearly $9 billion loss at a major bank, Wachovia. The Dow
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Wall Street to Tumble on Disappointing Results
Tue, 22 Jul 2008 13:46:00 GMT
NEW YORK (AP) -- Wall Street looked to open sharply lower Tuesday after dismal quarterly results from Wachovia Corp. and other blue chips heightened concerns about corporate results amid the ongoing credit crisis. Stocks stood poised to give back some of
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Vodafone shares slide on falling sales
Tue, 22 Jul 2008 11:42:00 GMT
Vodafones plummeted 14 percent on Tuesday after the mobile phone company scaled back its full-year sales forecast as tough economic conditions led consumers to refrain from buying and using new handsets. Vodafone CEO Arun Sarin is due to hand over to
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Inflation 'to hit Asian growth'
Tue, 22 Jul 2008 06:17:00 GMT
Food prices have been causing problems throughout AsiaFood and oil inflation and volatility in financial markets will cut growth in Asia to 7.6% this year from 9% in 2007, says the Asian Development Bank (ADB).The Manila-based organisation said inflation
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Poor Economy Slows Women in Workplace
Mon, 21 Jul 2008 21:03:00 GMT
Extract not available.
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Poor Economy Slows Womens Workplace Progress
Mon, 21 Jul 2008 20:45:00 GMT
Across the country, women in their prime earning years, struggling with an unfriendly economy, are retreating from the work force, either permanently or for long stretches. They had piled into jobs in growing numbers since the 1960s. But that stopped
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Stocks churn ahead of quarterly reports
Mon, 21 Jul 2008 19:02:00 GMT
Stocks churned Monday afternoon after an early rally failed to gain traction ahead of a slew of quarterly financial reports coming this week. With less than three hours left in the session, the 30-share Dow Jones industrial average (INDU) was down 0.1%
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Wall Street reverses direction
Mon, 21 Jul 2008 16:48:00 GMT
Stocks reversed direction late morning on Monday after an early rally, dragged down by blue chips. Most of the Dow component stocks were losing ground by noon, overshadowing positive news in the financial sector that led a rally earlier in the day. The
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Europe offers huge tariff cut in trade talks
Mon, 21 Jul 2008 15:52:00 GMT
The European Union said Monday it would be willing to slash farm tariffs by 60 percent as part of a new global trade pact, the deepest cut it has ever offered. EU Trade Commissioner Peter Mandelson wants to kick-start a week of crunch trade talks. EU
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Wall Street edges higher
Mon, 21 Jul 2008 15:14:00 GMT
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Bonds fall on stock gains
Mon, 21 Jul 2008 14:20:00 GMT
Treasury prices eased Monday as stocks opened higher, lifted by stronger-than-expected earnings from Bank of America, and as the dollar lost ground to the euro. The benchmark 10-year note fell 1/32 to 98 8/32 and yielded 4.09%, up from 4.08%. Bond
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Kleiner bets the farm
Mon, 21 Jul 2008 13:13:00 GMT
(Fortune) -- In the past decade Kleiner Perkins Caufield & Byers has doled out $10 billion to its major investors, all of which are university endowments, philanthropic foundations, or public pension funds. Silicon Valley's top venture capital firms
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Stocks poised to rally
Mon, 21 Jul 2008 12:02:00 GMT
Stock futures climbed Monday morning as investors cheered better-than-expected earnings from Bank of America and the announcement of a deal between Yahoo and activist investor Carl Icahn. At 7:41 a.m. ET, Nasdaq and S&P futures were higher and
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EU offers 60% cut in farm tariffs
Mon, 21 Jul 2008 10:30:00 GMT
The EU offer could make life easier for Asian exportersThe European Union (EU) has offered to cut its farm tariffs by 60% to kick-start trade talks in Geneva. EU trade commissioner Peter Mandelson said this was the best offer yet from Brussels. Mr
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U.S. calls for unity after 'Goebbels' remark
Mon, 21 Jul 2008 10:28:00 GMT
The United States' chief trade negotiator says she is focused on securing a new global commerce pact, and not on rhetoric that divides people. Brazilian Foreign Minister Celso Amorim's comments drew a sharp rebuke from the United States. Susan Schwab
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