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Posted by admin on November 19, 2008 under News | 
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Updates, advisories and surprises
) on Tuesday shaved 4 cents a share off its 2009 earnings forecast based on two one-time items. The medical technology giant expects earnings of $2.90 to $2.98 a share, compared to the analyst targe…
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Cuban responds to SEC, says no secrecy deal (Reuters)
Reuters – Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential.
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Petroleum producers lead gains in sector as crude futures rise
NEW YORK (MarketWatch) – Petroleum shares led gains in the energy sector on Thursday as the rising need for heating oil and natural gas in the face of wintry Northeast weather encouraged buying, as we…
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Wall Street pulls off final-hour rebound (AP)
AP – Wall Street rebounded Tuesday in another turbulent session, as investors rushed back into the market after the Standard & Poor’s 500 index tested a 2003 low.
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Wall Street heads toward another volatile session
Comment on this story NEW YORK – Wall Street has opened mostly flat, with investors refraining from making bets in a volatile market battered by a stream of weak economic data.
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China stocks tumble on profit-taking (AP)
AP – Chinese shares fell sharply Tuesday on profit-taking and worries about a slowing economy after advancing for four trading days.
Posted by admin on November 18, 2008 under News | Be the First to Comment
Asian markets in red; Nikkei down 82pts
The Hang Seng has plunged 368 points to 13,162. The Nikkei has slipped 82 points to 8,440. The Taiwan Weighted index has dropped 115 points to 4,324. The Straits Times index has declined 23 points to…
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Global stocks tumble as Japan falls into recession (AFP)
AFP – Global stock markets slumped Monday as the bad news on the financial crisis got worse, with Japan, the world’s second largest economy, in recession and US banking giant Citigroup cutting 50,000 jobs.
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Quiet day on sharemarket
The New Zealand sharemarket had a quiet day as investors waited on the sidelines to see how markets would fare in the financial crisis.The benchmark NZSX-50 closed down 27.32 points, or 0.99 per cent,…
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SEC charges Mark Cuban with insider trading (AP)
AP – Federal regulators on Monday charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.
