Wednesday, June 08, 2005

Stock Markets Morning News 6/8/2005

Stocks rise as GM, Caterpillar lead

Reuters - U.S. stocks rose on Wednesday, with blue chip companies including Caterpillar Inc. , General Motors Corp. and Altria Group Inc. leading the gains.

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Stocks Climb on Positive Company News

AP - Positive company news gave stocks a lift Wednesday, as Tracinda Corp. carried out a plan to substantially raise its stake in General Motors Corp., and Texas Instruments Inc. issued a brighter outlook.

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Firm Makes Counterbid for Instinet Unit

AP - The proposed merger between the Nasdaq Stock Market Inc. and the electronic trading arm of Instinet Group Inc. could be delayed after an investment advisory company made a separate, higher bid for Instinet's institutional brokerage division.

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Global indicators mixed for early markets ahead of oil inventory report

Canadian Press - TORONTO (CP) - Global indicators were mixed for North American stock markets early Wednesday as crude oil prices eased ahead of the weekly U.S. inventory report.

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Wall St set to open up, oil stocks eyed

Reuters - U.S. shares were expected to open firmer on Wednesday with Texas Instruments offering support following upbeat forecasts after the bell last session.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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Status Report on Major Stock Indexes

AP - Stocks stumbled to a mixed finish Tuesday after a Federal Reserve official warned that interest rates might continue to climb.

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Stocks trim gains after Greenspan rally

Reuters - U.S. stocks pared gains on Tuesday afternoon in program trading after a rally sparked by Federal Reserve Chairman Alan Greenspan's comments that investors said suggested the central bank was near the end of its campaign of interest-rate hikes.

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Banks and oil push Toronto stocks higher

Reuters - Toronto stocks were firmly in positive territory at midmorning on Tuesday in a broadbased rally, led by stronger financial and energy stocks.

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CORRECTED: Stocks gain on GM cuts, Fed comments

Reuters - U.S. stocks were higher in early morning trading on Tuesday, as investors keyed to comments by Federal Reserve Chairman Alan Greenspan that the narrowing gap between long-term and short-term interest rates did not necessarily indicate an economic slowdown is coming.

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