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Current News from Around the Globe on Stock Markets

Airlines and Petrofac lead FTSE lower

By Sudip Kar-Gupta LONDON (Reuters) – Britain’s top equity index slipped back from three-week highs on Friday, with shares in airline companies hit by worries about disruption caused by possible volcanic activity in Iceland. Oil and gas services group Petrofac … Continue reading

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Airlines and Petrofac lead FTSE lower

By Sudip Kar-Gupta LONDON (Reuters) – Britain’s top equity index slipped back from three-week highs on Friday, with shares in airline companies hit by worries about disruption caused by possible volcanic activity in Iceland. Oil and gas services group Petrofac … Continue reading

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Saudis propose 10 pct foreign ownership cap for bourse

* Market to open in first half of next year * Three-month consultation period for draft rules * $580 bln market is biggest in Arab world * 20 pct cap on combined foreign holdings in any stock * Minimum $5 … Continue reading

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Hormel Foods and Hertz are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hormel Foods Corp., up $2.06 to $49.92 The maker of Spam and Dinty Moore stew reported … Continue reading

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Stocks extend rally, S&P at new high as data signals growth

By Herbert Lash NEW YORK (Reuters) – Global equity markets moved higher on Thursday, with the SP 500 closing at an all-time high, as U.S. and German data drove confidence on economic growth and helped extend a stock rally. Data … Continue reading

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Stocks advance to put S&P 500 at a record high

NEW YORK (AP) — The stock market advanced for a fourth straight day Thursday, pushing the Standard Poor’s 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a … Continue reading

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Asian shares edge higher ahead of US Fed chief’s speech

Hong Kong (AFP) – Asian shares mostly edged higher Wednesday following a positive lead from Wall Street, where stocks picked up on encouraging US economic data before a keynote speech this week by the Federal Reserve chief. The dollar hit … Continue reading

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Walgreen CFO’s departure due to $1 billion forecasting error : WSJ

(Reuters) – Drugstore retailer Walgreen Co’s Chief Financial Officer, Wade Miquelon, and another top executive lost their jobs after a $1 billion forecasting error in the company’s Medicare-related business, the Wall Street Journal reported. Walgreen named Kraft Foods Group Inc’s … Continue reading

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Goldman Sachs to raise junior banker pay by 20 percent : NY Post

NEW YORK (Reuters) – Goldman Sachs Group Inc plans to raise pay for junior bankers by 20 percent next year, the New York Post reported on Wednesday. The pay raise means that first-year analysts will earn about $85,000 before collecting … Continue reading

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Coca-Cola Amatil warns on full-year earnings

STRUGGLING Australian food and beverage company Coca-Cola Amatil Ltd (CCA) warned yesterday it expects to post a second consecutive drop in full-year earnings amid weak consumer confidence and thanks to a few management “own goals”. CCA is scrambling under new … Continue reading

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