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Posted by admin on August 29, 2008 under News | 
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Stocks leap on economy and jobs news
Wall Street soared higher today after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up.The Dow J…
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SEC proposes international accounting plan (AP)
AP – Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
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What about insurance stocks
Michael Goldberg, an analyst at Desjardins Securities, asked an intriguing question in a research note on Thursday: With so much focus on banks, is the opportunity in life insurance companies being ov…
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Investors Exited Stock Funds In July (Investor’s Business Daily)
Investor’s Business Daily – Investors yanked $26.36 billion from stock funds in July — the most since $44.84 billion in January. July trumps June’s outflow figure of $4.82 billion, according to the Investment Company Institute.
Posted by admin on August 28, 2008 under News | Be the First to Comment
Stocks head for mixed open as investors watch oil
Wall Street headed for a narrowly mixed open Monday as investors watched to see if oil will extend its recent losses and also awaited a reading on existing home sales.
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SEC may back international accounting standards (Reuters)
Reuters – U.S. companies would be able to file financial results using international accounting standards according to a timetable U.S. securities regulators will propose next week.
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U.S. Stocks Turn Mostly Higher As Financials Come Off Lows
, market analyst at Standard & Poor's. The Dow Jones Industrial Average (DJI) rose 12 points, or 0.1%, to 11,430, with 17 of its 30 components trading higher. The blue-chip index rebounded in …
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Merrill reaches tentative deal with SEC over ARS (Reuters)
Reuters – Merrill Lynch & Co Inc struck a deal with the U.S. Securities and Exchange Commission to buy back billions of dollars of auction-rate securities, in a settlement little different from one the bank reached a day earlier with several states.
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Coldwater Creek 2nd-quarter earnings tumble 64 percent, but beat Wall Street
August 27, 2008 – 6:12 p.m. SANDPOINT, Idaho (AP) – Women's apparel retailer Coldwater Creek Inc. said Wednesday that its second-quarter profit tumbled 64 percent, but beat Wall Street's ex…
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This week, investors eye oil prices, spending data (AP)
AP – It was another seesaw week on Wall Street, but it ended with a jolt of good news: a $6-a-barrel tumble in oil. This week, investors will be watching to see if crude extends its drop or bounces back up again.
