TOP FINANCE STORIES
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Mon, 18 Aug 2008 18:35:00 GMT
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Bond market jitters return
Mon, 18 Aug 2008 18:35:00 GMT
NEW YORK (Fortune) -- Don't look now, but the markets could be headed for another stomach-churning drop. U.S. stocks have rallied over the past month, as the price of crude oil has tumbled after a long run-up and the dollar has rebounded from a long
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Stocks smacked by bank woes
Mon, 18 Aug 2008 18:30:00 GMT
Stocks tumbled Monday afternoon as Fannie Mae and Freddie Mac plunged, amid renewed concerns about the financial sector and a weaker dollar at the start of a big week for economic news. The Dow Jones industrial average (INDU) lost around 200 points, or
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Bonds edge higher as stocks slip
Mon, 18 Aug 2008 18:21:00 GMT
Bond prices rose Monday as stocks retreated and a lack of fresh economic data kept many investors on the defensive. The benchmark 10-year note rose 7/32 to 101 17/32, lowering its yield to 3.81% from 3.84% on Friday. Bond prices and yields move in
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Stocks in choppy trade
Mon, 18 Aug 2008 15:56:00 GMT
Volatile oil prices, a weaker dollar and sliding financial stocks kept Wall Street under pressure Monday morning at the start of a big week for economic news. The Dow Jones industrial average (INDU), the broader Standard & Poor's 500 (SPX) index and the
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Stocks struggle as oil gains
Mon, 18 Aug 2008 14:27:00 GMT
Stocks dipped early Monday as oil prices turned higher on tropical storm worries and the dollar weakened against major currencies. The Dow Jones industrial average (INDU), the broader Standard & Poor's 500 (SPX) index and the Nasdaq composite (COMP) all
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Oil price rises on U.S. hurricane fears
Mon, 18 Aug 2008 10:25:00 GMT
Oil prices rose Monday in Asia on concerns that Tropical Storm Fay may disrupt oil operations in the Gulf of Mexico. Light, sweet crude for September delivery rose 56 cents to $114.33 a barrel in electronic trading on the New York Mercantile Exchange by
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China stocks plunge on airline sell-off
Mon, 18 Aug 2008 08:09:00 GMT
China's key Shanghai Composite Index has fallen 5.3 percent in a broad sell-off led by airlines, refiners and other large capitalized shares. The benchmark Shanghai index shed 128.53 points on Monday to close at 2,319.87. Analysts say investors were
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Storm worries push up oil price
Mon, 18 Aug 2008 06:23:00 GMT
Oil prices hit record highs in JulyWorld oil prices have edged higher amid concerns that oil operations in the Gulf of Mexico may be disrupted by Tropical Storm Fay.US sweet, light crude rose by $1.19 to $114.96 a barrel while Brent crude added $1.35 to
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Dollar climbs to highs against euro, pound
Mon, 18 Aug 2008 02:11:00 GMT
The dollar has climbed against the euro and pound amid hopeful signals on the U.S. economy, falling oil prices and gloom about the European economic outlook. The 15-nation euro fell to $1.4680 in late New York trading Friday from $1.4885 late Thursday.
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UK: Airport giant faces forced sales
Sat, 16 Aug 2008 14:05:00 GMT
The head of BAA, Britain's main airport operator, said Saturday that he expects regulators to force the company to sell some of its main airports when it publishes provisional findings about the company's near monopoly in the sector this week. BAA
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Stocks struggle as oil slides
Fri, 15 Aug 2008 21:41:00 GMT
The Dow and S&P 500 rose and the Nasdaq slipped Friday in a choppy session in which oil prices flirted with 3-month lows, the dollar rallied, and tech stocks slid. The Dow Jones industrial average (INDU) and the broader Standard & Poor's 500 (SPX) index
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Stocks mixed as oil slumps
Fri, 15 Aug 2008 19:47:00 GMT
Stocks struggled Friday afternoon, as oil prices fell to 3-month lows, boosting consumer and transportation stocks, but dragging on energy and commodity issues. Meanwhile the dollar continued its recovery rally. The Dow Jones industrial average (INDU)
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Oil prices fall to $111 a barrel
Fri, 15 Aug 2008 18:36:00 GMT
reaching their lowest point in more than three months after the dollar muscled higher and OPEC predicted world demand for energy will keep falling. Oil prices dropped lower on speculation that demand will fall further in the coming months. Light, sweet
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Stocks struggle as oil slumps
Fri, 15 Aug 2008 18:29:00 GMT
Stocks struggled Friday afternoon, as oil prices fell to 3-month lows, boosting consumer and transportation stocks, but dragging on energy and commodity issues. Meanwhile the dollar continued its recovery rally. The Dow Jones industrial average (INDU)
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As inflation fears ease, bond prices rise
Fri, 15 Aug 2008 17:07:00 GMT
Bond prices rose Friday as investors bet that inflation will ebb as oil prices continue to fall. The benchmark 10-year note added 14/32 to 101 11/32 and its yield fell to 3.83% from 3.89% late Thursday. The 30-year long bond rose 21/32 to 100 8/32
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Oil Declines Along With the Dollar
Fri, 15 Aug 2008 17:01:00 GMT
Extract not available.
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Oil price drops below $114 a barrel
Fri, 15 Aug 2008 12:11:00 GMT
Oil prices dropped below US$114 a barrel Friday in Asia as investors speculated slowing economic growth in the world's largest economies will continue to undermining global crude demand. Oil prices dropped lower on speculation that demand will fall
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Bonds edge lower as stocks climb
Fri, 15 Aug 2008 06:07:00 GMT
Bond prices fell late Thursday as investors ventured back into the stock market to scoop up battered shares at bargain prices. Treasurys prices had risen earlier in the session as investors looked past a report that showed consumer prices soared in July
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Stock gains powered by lower oil
Thu, 14 Aug 2008 20:46:00 GMT
Lower oil prices helped fire up a stock market advance Thursday, as investors looked beyond the morning's big spike in consumer inflation and opted to scoop up shares hit in the recent retreat. The Dow Jones industrial average (INDU) added 0.7%,
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This time, wage slaves can't revolt
Thu, 14 Aug 2008 19:52:00 GMT
NEW YORK (Fortune) -- With the price of practically everything jumping, you probably wouldn't mind getting a bigger paycheck. But your employer isn't the only one who's unenthusiastic about that idea. Fed chief Ben Bernanke is counting on a weak labor
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Bonds rise as investors discount inflation
Thu, 14 Aug 2008 17:07:00 GMT
Bond prices rose Thursday as investors looked past a report that showed consumer prices surged in July and bet that inflation will ease in the future. The benchmark 10-year note rose 8/32 to 100 25/32, lowering its yield to 3.9% from 4% late Wednesday.
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The buck stops here
Thu, 14 Aug 2008 16:23:00 GMT
NEW YORK (Fortune) -- The dollar has sprung off its deathbed, but a swift return to ruddy good health looks like a long shot. After years of steady depreciation, the U.S. currency has rallied strongly this month. The surge in the dollar's purchasing
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Stocks recover as bank shares jump
Thu, 14 Aug 2008 16:12:00 GMT
Stocks rose Thursday morning as investors set aside worries about consumer spending and opted to scoop up stocks hit in the previous two days of selling. The Dow Jones industrial average (INDU) added around 100 points, or 0.9%, more than two hours into
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BA, American and Iberia join forces
Thu, 14 Aug 2008 15:32:00 GMT
British Airways, American Airlines and Spain's Iberia said Thursday they have signed a joint business agreement to cooperate on flights between North America and Europe. BA, American failed to win exemption in past from U.S. competition laws due to
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Consumer woes hit stocks
Thu, 14 Aug 2008 15:13:00 GMT
Stocks slipped Thursday morning on worries about the consumer spending outlook following a jump in a key inflation index and a mixed earnings forecast from Wal-Mart Stores. The Dow Jones industrial average (INDU) lost 0.6%, while the broader Standard &
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Economy in Europe Contracted in Second Quarter
Thu, 14 Aug 2008 14:45:00 GMT
FRANKFURT - The European economy, long resistant to the turmoil in the financial markets and in the United States, contracted in the second quarter, according to reports released on Thursday. Gross domestic product in the 15-nation euro area declined 0.2
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US inflation fastest since 1991
Thu, 14 Aug 2008 13:15:00 GMT
Rising food costs contributed to faster inflation in the USUS prices rose by 5.6% in the year to July, the fastest inflation rate for more than 17 years, figures show.The rate of inflation was much greater than economists had predicted, driven higher by
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Europe's biggest economies stop growing
Thu, 14 Aug 2008 10:16:00 GMT
Euro-zone growth braked sharply in the second quarter as major economies Germany, France and Italy shrank, EU statistics showed Thursday, with high fuel and food prices holding back consumer spending. Europe's biggest economies have stopped growing as
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Wall Street waits for Wal-Mart
Thu, 14 Aug 2008 09:03:00 GMT
as investors aimed to bounce back from two days of losses and awaited quarterly results from giant retailer Wal-Mart. At 4:41 a.m. ET, Nasdaq and S&P futures were slightly higher and pointing to a flat to positive open for Wall Street. Stocks have
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Sterling losses gather momentum
Thu, 14 Aug 2008 07:13:00 GMT
The pound has fallen further against the dollar, hitting its lowest level in almost two years amid fears the UK will fall into recession.Sterling touched a 22-month low of $1.8619 in Thursday trading. The pound dropped sharply on Wednesday after the Bank
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