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By SARA LEPRO
AP Business Writer
NEW YORKÂ – Stock futures are paring their losses following reports on unemployment and retail sales.
The Labor Department said Thursday new jobless claims rose to a seasonally adjusted 654,000 from the previous week’s 639,000. The increase is more than economists had expected.
Meanwhile, the Commerce Department says that retail sales dropped 0.1 [...]
Written on March 12, 2009 | Posted in
Market |
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By STEPHEN BERNARD
AP Business Writer
NEW YORK (AP) – Wall Street fell Friday, sending the Dow Jones industrials to new six-year lows as investors around the world kept selling on pessimism about the global economy. Financial stocks led the market lower.
Disappointing fourth-quarter earnings reports from Lowe’s and J.C. Penney provided new evidence that the recession is [...]
Written on February 20, 2009 | Posted in
Market |
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HONG KONG (AP) – Hong Kong’s main stock benchmark fell over 2 percent after Wall Street closed at its lowest level in more than six years.
The blue-chip Hang Seng Index lost 324.59 points, or 2.5 percent, to 12,699.17.
Investors found few reasons to wade into the market after the Dow Jones industrials breached the levels it [...]
Written on February 20, 2009 | Posted in
Market |
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HONG KONG (AP) – Hong Kong shares advanced for a fourth session Monday, buoyed by gains in mainland Chinese markets
The blue-chip Hang Seng Index added 114.02, or 0.8 percent, toclose at 13.769.06.
Hong Kong stocks have gotten support in recent days from mainlandmarkets, where sentiment has improved on better-than-expectedeconomic data that some suggest show Beijing’s economic [...]
Written on February 9, 2009 | Posted in
Market |
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By MARCY GORDON
AP Business Writer
WASHINGTON (AP) – A private measure of the manufacturing sector’s health for January rose from a record low, but still posted the 12th straight month of contraction amid a global recession.
The Institute for Supply Management, a trade group of purchasing executives, said Monday that its U.S. manufacturing index rose to 35.6 [...]
Written on February 2, 2009 | Posted in
Business |
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HONG KONG (AP) – Hong Kong’s main stock index dropped Monday, hit by weak regional markets and worries the U.S. recession is deepening.
The blue-chip Hang Seng Index fell 416.72 points, or 3.1 percent, to 12,861.49.
“The U.S. economy is so bad, so no one is interested. Everyone is trying to outsell everyone else,” said Francis Lun, [...]
Written on February 2, 2009 | Posted in
Market |
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SYDNEY, Australia (AP) – Australia’s stock market fell more than 3 percent Tuesday as the global financial crisis brought further bad news in the form of declining commodity prices and bank losses in Europe.
The benchmark S&P/ASX200 index closed down 3.1 percent, or 112.7 points, to 3,476.6.
Mining companies were among the hardest-hit as investors responded to [...]
Written on January 20, 2009 | Posted in
Market |
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HONG KONG (AP) – Hong Kong’s main stock index fell over 3 percent Thursday amid a regional sell-off, with heavyweight lender HSBC tumbling to its lowest level in nearly a decade.
The blue chip Hang Seng Index ended down 461.65 points, or 3.4 percent, at 13,242.96 after hitting a session low of 12,904.05.
Sentiment was pummeled after [...]
Written on January 15, 2009 | Posted in
Market |
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HONG KONG (AP) – Hong Kong shares fell Friday ahead of a U.S. jobs report expected to show further weakening in the world’s largest economy.
The blue-chip Hang Seng Index 8.47 points, or 0.3 percent, to 14,377.44, giving back gains over 1 percent earlier in the day and notching its fourth straight day of losses.
Investors were [...]
Written on January 9, 2009 | Posted in
Market |
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By MUNEEZA NAQVI
Associated Press Writer
NEW DELHI (AP) – The chairman of India’s Satyam Computer Services Ltd. quit Wednesday after admitting the company’s profits had been doctored for several years, shaking faith in the country’s corporate giants as shares of the software services provider plunged nearly 80 percent.
The company’s balance sheet – riddled with “fictitious” assets [...]
Written on January 7, 2009 | Posted in
US News |
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