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Posted by admin on January 29, 2009 under News | 
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Stocks fall into red on US stimulus
House of Representatives in the US approved the $1.23 trillion package that Democrats had argued was vital, with the economy in the worst shape since the Great Depression. IG Markets research analyst …
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FTSE-100 share index up 33.78 points at 4,086.25 (AP)
AP – Share prices on the London Stock Exchange were higher at midday Monday.
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Glance-STOCKS NEWS EUROPE-Pace up; Altium sees demand accelerate for HD
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 10:35GMT 28Jan2009-Pace up; Altium sees demand accelerate for HD ————————————————————…
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SEC charges adviser with fraud linked to bailout (AP)
AP – Federal regulators on Wednesday charged an investment adviser with securities fraud, saying he bilked clients of at least $6.5 million in the first scheme using the government’s $700 billion financial bailout program as a front to lure investments.
Posted by admin on January 28, 2009 under News | 3 Comments to Read
Hershey net income climbs, sales edge up
SAN FRANCISCO (MarketWatch) — Hershey said Tuesday fourth-quarter net income rose by 50%, as sales edged up and its chocolate business weathered the economic downturn better than many. The company al…
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European stocks rally, banks soar (AFP)
AFP – Europe’s main stock markets rebounded sharply on Wednesday, with banks extending their recent recovery as a US bailout package neared approval and after gains across Asia and overnight on Wall Street, traders said.
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Norfolk Southern 4Q profit up, tops Wall St. estimate as higher prices beat softer demand
NEW YORK (AP) – Railroad operator Norfolk Southern said Tuesday its fourth-quarter profit rose 13 percent as higher shipping prices and lower fuel costs offset tumbling demand for goods. Norfolk Sout…
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AFP – The FTSE 100 index was in the red on Tuesday as jitters persisted about a global financial crisis which has sparked tens of thousands of job cuts so far this week.
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Commercial paper market has made headway, but far from recovered
SAN FRANCISCO (MarketWatch) – The commercial paper market, due for a three-month check-up after a late-2008 resuscitation by the Federal Reserve, faces a tough recovery and possibly more aid from the …
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SEC official: agency did not detect Madoff fraud (Reuters)
Reuters – The Securities and Exchange Commission did not examine the advisory operations of accused financial swindler Bernard Madoff despite the firm registering in September of 2006, a top SEC official told lawmakers on Tuesday.
