Monthly Archives: September 2011

Debt committee: Automatic cuts not so automatic

Automatic spending cuts. That’s the threat facing lawmakers if the special debt committee fails to propose at least $1.2 trillion in deficit cuts, or if Congress rejects its proposals. Of course, many people think the process will fail. After all, … Continue reading

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Oil above $82 as recession worries fade for now

BANGKOK (AP) — Oil prices inched higher Friday as recession alarm bells quieted following a glimmer of positive U.S. economic news and steps in Europe toward controlling its debt crisis. Benchmark crude was up 35 cents to $82.50 per barrel … Continue reading

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China manufacturing eases for 3rd month, prices up

SymbolPriceChange^HSCE8,917.36-360.13{“s” : “^hsce”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} By Kevin Yao BEIJING (Reuters) – China’s manufacturing sector contracted for a third consecutive month in September, suggesting that the world’s second-largest economy is not immune to global headwinds, while factory … Continue reading

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Greek ministry occupation forces troika reschedule

Civil servants who work in the Greek transport ministry, blockade the entrance of the ministry in Athens, on Friday, Sept. 30, 2011. An occupation of the Transport Ministry by protesting civil servants has forced Greece’s international debt inspectors to reschedule … Continue reading

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Futures signal weaker open for U.S. equities

SymbolPriceChange^DJI11,153.98+143.08^INX251.810.00NASDAQ2,480.760.00AMKR4.690.00AMZN222.440.00{“s” : “^dji,^inx,^ixic,amkr,amzn,apa,arj,cme,lonn.vx,mhp”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Read More from the Article Source: http://us.rd.yahoo.com/finance/news/rss/story/*http%3A//finance.yahoo.com/news/Futures-signal-weaker-open-rb-3466549114.html?x=0

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Futures signal weaker open for U.S. equities (Reuters)

(Reuters) Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the SP 500, Dow Jones and Nasdaq 100 down 0.6 to 0.8 percent. * Swiss drugs industry supplier Lonza (LONN.VX) has … Continue reading

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SGX, LSE tie-up for joint London Metal Exchange (Reuters)

HONG KONG (Reuters) – The Singapore Exchange Ltd is tying up with London’s main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world’s largest metal market seeks a suitor … Continue reading

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World stocks fall after mixed US economic data (AP)

BANGKOK – World stocks tumbled Friday as the boost from Europe’s move to contain its debt crisis faded and mixed U.S. economic data reinforced pessimism about recovery prospects. Benchmark oil rose above $82 a barrel while the dollar gained against … Continue reading

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Europe shares set to mark worst quarter since 2008 (Reuters)

LONDON (Reuters) – World stocks fell on Friday with European shares on track to mark their biggest quarterly loss since the collapse of Lehman Bros three years ago as European economic readings compounded pessimism over global growth. The euro slipped, … Continue reading

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Bryant agrees to play in Italy during NBA lockout (AP)

ROME – Italian club Virtus Bologna said it has reached a verbal agreement with Kobe Bryant for the Los Angeles Lakers star to play in Italy during the NBA lockout. “We have reached an economic deal,” Virtus president Claudio Sabatini … Continue reading

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