Friday, September 30, 2005

Stock Markets Afternoon News 9/30/2005

Stocks edge up as crude ends lower

Reuters - U.S. stocks edged higher on Friday as a drop in crude oil prices eased concern about the effect of high fuel costs, and investors bought shares as worries about hurricane damage eased somewhat.

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Stock markets mixed as investors digest mixed economic data; oil prices drop

Canadian Press - TORONTO (CP) - Financial and technology shares helped boost the Toronto stock market Friday afternoon, offsetting energy stock declines as the price of oil retreated.

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Stocks Fluctuate Before Settling in Range

Traders crowd the post that handles Amerigroup Corp. on the floor of the New York Stock Exchange Thursday Sept. 29, 2005. Amerigroup, of Virginia Beach, Va., announced today that it expects to report a third quarter 2005 loss of $0.06 to $0.08 per share, and will not meet its 2005 annual earnings guidance.  (AP Photo/Richard Drew)AP - Stocks fluctuated before settling into a narrow range Friday as new data showing a decline in personal spending and sharply lower consumer confidence intensified concerns about the economic impact of hurricanes Katrina and Rita.


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Wall Street set to open flat

Reuters - U.S. stock futures pointed to a mixed start on Wall Street on Friday with the Federal Reserve's favored measure of inflation, the personal consumption expenditure (PCE) deflator, seen rising and consumer confidence set to fall.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar flat despite jobless claims drop

Reuters - The dollar traded flat against the euro on Thursday, in the wake of a report that showed U.S. weekly jobless claims fell more than expected.

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Dollar firms to highs on jobless claims

Reuters - The dollar pushed to session highs against the euro on Thursday, after a report on U.S. initial jobless claims came in stronger than expected.

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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Stock Markets Morning News 9/30/2005

Blue-chip stocks dip after economic data

The cooling tower at the Port Arthur petrochemical plant in Texas shows damage caused by Hurricane Rita September 27, 2005. (Tim Johnson/Reuters)Reuters - Blue-chip stocks declined on Friday as a consumer sentiment reading for September came in below expectations and data showed a larger-than-expected drop the previous month in consumer spending.


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Stocks Turn Mixed on Weak Consumer Data

Traders crowd the post that handles Amerigroup Corp. on the floor of the New York Stock Exchange Thursday Sept. 29, 2005. Amerigroup, of Virginia Beach, Va., announced today that it expects to report a third quarter 2005 loss of $0.06 to $0.08 per share, and will not meet its 2005 annual earnings guidance.  (AP Photo/Richard Drew)AP - Stocks turned mixed Friday as new data showing a decline in spending and sharply lower consumer confidence intensified concerns about the economic impact of hurricanes Katrina and Rita.


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Stock markets negative as U.S. consumer spending drops, oil prices lower

Canadian Press - TORONTO (CP) - Stock markets dipped early Friday as lower oil prices hobbled the Toronto exchange while weak U.S. consumer spending data gave New York investors an excuse to stay sidelined on the last day of the third quarter.

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Wall Street set to open flat

Reuters - U.S. stock futures pointed to a mixed start on Wall Street on Friday with the Federal Reserve's favored measure of inflation, the personal consumption expenditure (PCE) deflator, seen rising and consumer confidence set to fall.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar flat despite jobless claims drop

Reuters - The dollar traded flat against the euro on Thursday, in the wake of a report that showed U.S. weekly jobless claims fell more than expected.

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Dollar firms to highs on jobless claims

Reuters - The dollar pushed to session highs against the euro on Thursday, after a report on U.S. initial jobless claims came in stronger than expected.

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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Thursday, September 29, 2005

Stock Markets Afternoon News 9/29/2005

Stocks rally as jobless data cheers

The cooling tower at the Port Arthur petrochemical plant in Texas shows damage caused by Hurricane Rita September 27, 2005. (Tim Johnson/Reuters)Reuters - Stocks rose on Thursday, led by technology shares, as a big drop in weekly unemployment claims and better-than-expected earnings from companies including PepsiCo Inc. lifted sentiment about the economy.


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Stocks Edge Higher As Oil Prices Fall

U.S. Commerce Secretary Carlos M. Gutierrez, left, and NYSE CEO John Thain, walk the trading floor after Gutierrez rang the New York Stock Exchange opening bell, Thursday Sept. 29, 2005. A Commerce Department report released Thursday showed that gross domestic product grew at a 3.3 percent annual rate in the second quarter, confirming that economic activity was humming along at a respectable pace before hurricanes Katrina and Rita struck. (AP Photo/Riochard Drew)AP - Stocks rallied in erratic trading Thursday as investors grew more confident about the prospects for the economy despite the impact of hurricanes Rita and Katrina.


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Stock markets head higher on easing of energy prices, corporate news

Canadian Press - TORONTO (CP) - Stock markets moved higher Thursday with investors relieved to see a retreat in energy prices on higher inventories and imports.

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Dollar firms to highs on jobless claims

Reuters - The dollar pushed to session highs against the euro on Thursday, after a report on U.S. initial jobless claims came in stronger than expected.

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Wall St seen up as oil holds steady

Reuters - Wall Street shares are set to open higher on Thursday as the oil price held steady albeit above $66/barrel and the Nikkei (.N225) hurdled 13,500 with markets watching U.S. economic growth data and Pepsico results due.

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Dollar pulls back from 2-month high

Reuters - The dollar slipped further from two-month highs against the yen on Thursday as foreign investors helped drive Tokyo share indices to new four-year highs and took heart from Japan's brightening economic outlook.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Stock Markets Morning News 9/29/2005

CORRECTED-Stocks set to gain

Reuters - Please read in paragraphs 7 and 8 "S&P 500 futures ... Dow Jones industrial average futures ... Nasdaq 100 ..." instead of "S&P 500 futures ... Dow Jones industrial average futures ... Nasdaq 100 ..." .

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Stocks Slide on Continuing Job Losses

In a file photo specialiat Richard Plum, second from right, grasps his head as he directs trading is shares of Estee Lauder on the floor of the New York Stock Exchange, Tuesday Sept. 20, 2005.    Stocks turned modestly lower Tuesday, Sept. 27, 2005,  as consumer confidence hit its lowest point in two years.  (AP Photo/Richard Drew)AP - Stocks fell modestly Thursday as new data showed continuing job losses from Hurricane Katrina and oil prices extended their advance.


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Stocks mixed: energy stocks boost Toronto, NY markets negative

Sony Corporation's latest Aibo robot model ERS7M3 looks into a laptop computer screen displaying a blank diary format that is going to be kept by the pet robot at Sony Showroom. The new Aibo in three colors, including newly added honey brown, are available from today at 194,250 yen (US$1,720). (AP Photo/Shizuo Kambayashi)Canadian Press - TORONTO (CP) - Energy stocks lifted the Toronto stock market Thursday morning while New York moved lower as oil prices ticked higher and investors took in mixed earnings news.


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Dollar firms to highs on jobless claims

Reuters - The dollar pushed to session highs against the euro on Thursday, after a report on U.S. initial jobless claims came in stronger than expected.

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Wall St seen up as oil holds steady

Reuters - Wall Street shares are set to open higher on Thursday as the oil price held steady albeit above $66/barrel and the Nikkei (.N225) hurdled 13,500 with markets watching U.S. economic growth data and Pepsico results due.

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Dollar pulls back from 2-month high

Reuters - The dollar slipped further from two-month highs against the yen on Thursday as foreign investors helped drive Tokyo share indices to new four-year highs and took heart from Japan's brightening economic outlook.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Wednesday, September 28, 2005

Stock Markets Afternoon News 9/28/2005

Stocks rise as oil ends below $67

U.S. blue-chip stocks edged higher on Tuesday in a modest relief rally after Federal Reserve Chairman Alan Greenspan steered clear of talking directly about the interest-rate outlook, while tech shares fell after a Wall Street downgrade of semiconductor companies. (Chip East/Reuters)Reuters - U.S. stocks gained slightly on Wednesday after crude oil prices closed off the day's highs, but worry that high fuel costs will put a dent in household and corporate budgets lingered in the market, limiting advances.


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Stocks Drop As Oil Tops $67 Per Barrel

In a file photo specialiat Richard Plum, second from right, grasps his head as he directs trading is shares of Estee Lauder on the floor of the New York Stock Exchange, Tuesday Sept. 20, 2005.    Stocks turned modestly lower Tuesday, Sept. 27, 2005,  as consumer confidence hit its lowest point in two years.  (AP Photo/Richard Drew)AP - Stocks moved higher in a volatile session Wednesday as investors welcomed new government data showing a reinvigorated industrial sector but wrestled with a jump in oil prices that briefly sent crude futures above $67 per barrel.


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TSX up on higher oil prices, NY gains on economic data; Vincor soars on takeover bid

Pedestrians pass by a stock price indicator in downtown Tokyo. The Nikkei 225 index closed at 13,435.91 points up 125.87 points, or 0.95 percent, from Tuesday, its highest finish since May 30, 2001. (AP Photo/Itsuo Inouye)Canadian Press - TORONTO (CP) - The Toronto stock market turned positive Wednesday afternoon as data on U.S. crude supplies sent the price of oil up more than $2 US a barrel.


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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Wall Street seen firmer

Reuters - Shares on Wall Street are expected to open higher on Wednesday as the oil price continues to recoil while durable goods orders data look set to show a rise, suggesting production remains quite strong.

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Dollar near peaks as higher rates seen

The dollar rallied on Tuesday, hitting 2-month highs against the euro and yen, as traders focused on remarks from Federal Reserve officials that point to more interest rate increases. (file picture/Reuters)Reuters - The dollar stayed near two-month highs against the yen and the euro on Wednesday as a swelling chorus of comments from Federal Reserve officials suggested the currency's interest rate advantage would keep strengthening.


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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Blue-chip stocks end up after Fed

Reuters - U.S. blue-chip stocks ended slightly higher on Tuesday after Federal Reserve officials offered reassuring comments on asset prices and inflation, while technology shares ended down after a ratings downgrade of chip makers.

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Stock Markets Morning News 9/28/2005

Stocks up after durable goods orders rise

U.S. blue-chip stocks edged higher on Tuesday in a modest relief rally after Federal Reserve Chairman Alan Greenspan steered clear of talking directly about the interest-rate outlook, while tech shares fell after a Wall Street downgrade of semiconductor companies. (Chip East/Reuters)Reuters - U.S. stocks were higher on Wednesday after a stronger-than-expected increase in durable goods orders for August lifted investor sentiment about economic strength.


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Strong Durable Goods Data Boosts Stocks

In a file photo specialiat Richard Plum, second from right, grasps his head as he directs trading is shares of Estee Lauder on the floor of the New York Stock Exchange, Tuesday Sept. 20, 2005.    Stocks turned modestly lower Tuesday, Sept. 27, 2005,  as consumer confidence hit its lowest point in two years.  (AP Photo/Richard Drew)AP - A strong showing from America's manufacturing sector sent stocks higher Wednesday as investors' concerns about a slowing economy eased.


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TSX, NY gain after solid durable goods report; Vincor soars on takeover bid

Canadian Press - TORONTO (CP) - Stock markets were positive Wednesday morning against a backdrop of slightly higher oil prices and indications that the U.S. manufacturing sector may avoid another slump.

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Dollar pares losses after durables data

Reuters - The dollar pared losses early on Wednesday after a report on U.S. durable goods orders last month beat analysts' expectations.

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Wall Street seen firmer

Reuters - Shares on Wall Street are expected to open higher on Wednesday as the oil price continues to recoil while durable goods orders data look set to show a rise, suggesting production remains quite strong.

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Dollar near peaks as higher rates seen

The dollar rallied on Tuesday, hitting 2-month highs against the euro and yen, as traders focused on remarks from Federal Reserve officials that point to more interest rate increases. (file picture/Reuters)Reuters - The dollar stayed near two-month highs against the yen and the euro on Wednesday as a swelling chorus of comments from Federal Reserve officials suggested the currency's interest rate advantage would keep strengthening.


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Nikkei rises on autos, TOPIX rallies

Reuters - Japan's Nikkei share average rose 0.38 percent on Wednesday as investors bought auto makers such as Toyota Motor Corp. on hopes their profits would gain from the dollar's advance against the yen.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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NYSE Rejects Private Equity Offer

AP - The New York Stock Exchange is not interested in selling a stake to private equity firms, the exchange's chief executive said Tuesday after a newspaper reported the Big Board abnegated such a deal over the summer.

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Blue-chip stocks end up after Fed

Reuters - U.S. blue-chip stocks ended slightly higher on Tuesday after Federal Reserve officials offered reassuring comments on asset prices and inflation, while technology shares ended down after a ratings downgrade of chip makers.

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Tuesday, September 27, 2005

Stock Markets Afternoon News 9/27/2005

Blue-chip stocks rise after Fed comments

A flooded area is seen south Lake Charles, after hurricane Rita hits coastal communities in Texas and Louisiana, September 25, 2005. (Carlos Barria/Reuters)Reuters - U.S. blue-chip stocks extended gains on Tuesday after Federal Reserve officials, including Chairman Alan Greenspan, offered reassuring comments on asset prices and inflation.


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Stocks Turn Higher on Greenspan Remarks

In a file photo specialiat Richard Plum, second from right, grasps his head as he directs trading is shares of Estee Lauder on the floor of the New York Stock Exchange, Tuesday Sept. 20, 2005.    Stocks turned modestly lower Tuesday, Sept. 27, 2005,  as consumer confidence hit its lowest point in two years.  (AP Photo/Richard Drew)AP - Stocks turned moderately higher Tuesday after Federal Reserve Chairman Alan Greenspan said the economy has weathered the increase in oil prices "reasonably well."


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Financials bolster TSX, NY heads lower on economic data, higher gasoline

Canadian Press - TORONTO (CP) - A strong showing by financial stocks helped send the Toronto stock market higher Tuesday afternoon.

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Dollar shrugs off consumer confidence sag

Reuters - The dollar held overnight gains on Tuesday as traders shrugged off a sharp fall in September U.S. consumer confidence and instead anticipated a speech by the Federal Reserve chief would reinforce expectations of higher interest rates.

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Wall St seen flat as rate fears weigh

Reuters - U.S. futures pointed to a flat to slightly weaker Wall Street opening on Tuesday with trade seen cautious as worries over higher interest rates vied with lower oil prices ahead of key economic data.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Rita, No Katrina, May Boost U.S. Stocks

A fishing boat is seen on its side in this aerial view with the U.S. Coast Guard, over Port Arthur, Texas, Saturday, Sept. 24, 2005, in the aftermath of Hurricane Rita. (AP Photo/David L. Ryan, Pool)AP - To say Hurricane Rita wasn't "that bad" obviously minimizes the loss of life and immense damage suffered along the Texas and Louisiana coasts. But from the stock market's point of view, Rita was no Katrina. And that may bode well this week for Wall Street.


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Dollar seen stronger on Rita relief

Reuters - The dollar and Treasury yields could move higher on Monday after Hurricane Rita mostly spared Texas oil refiners, and crude and gasoline prices slipped, analysts said.

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Corn: NYSE's Biggest Loser

The Motley Fool - With blood running in the streets, is it time to buy Corn Products?

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Stock Markets Morning News 9/27/2005

Stocks slide after confidence data

A flooded area is seen south Lake Charles, after hurricane Rita hits coastal communities in Texas and Louisiana, September 25, 2005. (Carlos Barria/Reuters)Reuters - U.S. stocks fell on Tuesday after a report showed consumer confidence dropped more than expected in September to its lowest level in nearly two years, fueling investor concerns about slower spending.


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Stocks Turn Mixed on Consumer Confidence

Japanese businessmen walk by a stock price indicator in front of a Tokyo brokerage as Japanese stocks soared to a four-year high Monday, Sept. 26, 2005, boosted by improving corporate sentiment and relief over less-than-expected damage from Hurricane Rita to U.S. oil facilities. The Nikkei 225 index surged 233.27 points, or 1.77 percent, to 13,392.63 points on the Tokyo Stock Exchange, its highest finish since June 8, 2001. (AP Photo/Katsumi Kasahara)AP - Stocks turned mixed Tuesday as consumer confidence hit its lowest point in two years.


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Financials help keep TSX positive, NY heads lower on economic data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto minor gains Tuesday morning, but early gains in New York faded on disappointing consumer and housing data, even as oil prices eased.

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Wall St seen flat as rate fears weigh

Reuters - U.S. futures pointed to a flat to slightly weaker Wall Street opening on Tuesday with trade seen cautious as worries over higher interest rates vied with lower oil prices ahead of key economic data.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Rita, No Katrina, May Boost U.S. Stocks

A fishing boat is seen on its side in this aerial view with the U.S. Coast Guard, over Port Arthur, Texas, Saturday, Sept. 24, 2005, in the aftermath of Hurricane Rita. (AP Photo/David L. Ryan, Pool)AP - To say Hurricane Rita wasn't "that bad" obviously minimizes the loss of life and immense damage suffered along the Texas and Louisiana coasts. But from the stock market's point of view, Rita was no Katrina. And that may bode well this week for Wall Street.


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Dollar seen stronger on Rita relief

Reuters - The dollar and Treasury yields could move higher on Monday after Hurricane Rita mostly spared Texas oil refiners, and crude and gasoline prices slipped, analysts said.

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Yen jumps after China widens bands

Reuters - The yen jumped against the dollar and rallied against the euro on Friday, on kneejerk buying after China said it was widening the daily trading band for the yuan against non-dollar currencies.

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Corn: NYSE's Biggest Loser

The Motley Fool - With blood running in the streets, is it time to buy Corn Products?

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Monday, September 26, 2005

Stock Markets Morning News 9/26/2005

Stocks rise as oil eases on Rita relief

A flooded area is seen south Lake Charles, after hurricane Rita hits coastal communities in Texas and Louisiana, September 25, 2005. (Carlos Barria/Reuters)Reuters - Stocks rose on Monday as oil prices fell and shares of insurers gained, with investors relieved that Hurricane Rita caused less damage than expected.


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Stocks Up, Rita Damage Less Than Feared

The Richard family make their way through the flooded streets of Erath, La., Sunday, Sept. 25, 2005. (AP Photo/San Antonio Express-News, Jerry Lara)AP - Stocks rose in a relief rally Monday as hurricane damage to Gulf Coast refineries appeared to be less than feared and oil prices declined.


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TSX down as oil retreats, NY markets higher on relief about hurricane

Japanese businessmen walk by a stock price indicator in front of a Tokyo brokerage as Japanese stocks soared to a four-year high. (AP Photo/Katsumi Kasahara)Canadian Press - TORONTO (CP) - The Toronto stock market moved lower Monday morning as oil prices retreated after damage from hurricane Rita to U.S. Gulf Coast oil and refining installations turned out to be much less than feared.


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Rita, No Katrina, May Boost U.S. Stocks

A fishing boat is seen on its side in this aerial view with the U.S. Coast Guard, over Port Arthur, Texas, Saturday, Sept. 24, 2005, in the aftermath of Hurricane Rita. (AP Photo/David L. Ryan, Pool)AP - To say Hurricane Rita wasn't "that bad" obviously minimizes the loss of life and immense damage suffered along the Texas and Louisiana coasts. But from the stock market's point of view, Rita was no Katrina. And that may bode well this week for Wall Street.


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Dollar seen stronger on Rita relief

Reuters - The dollar and Treasury yields could move higher on Monday after Hurricane Rita mostly spared Texas oil refiners, and crude and gasoline prices slipped, analysts said.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Yen jumps after China widens bands

Reuters - The yen jumped against the dollar and rallied against the euro on Friday, on kneejerk buying after China said it was widening the daily trading band for the yuan against non-dollar currencies.

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Corn: NYSE's Biggest Loser

The Motley Fool - With blood running in the streets, is it time to buy Corn Products?

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Nikkei sags on oil, hurricane worries

Reuters - Tokyo's Nikkei ended down 0.28 percent on Thursday after concerns that Hurricane Rita could drive oil prices higher and further dampen the U.S. economy prompted investors to cash in recent winners such as Millea Holdings Inc. T>

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Dow Loses 103, Nasdaq Falls 25 on Rita

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - A hike in oil prices sent stocks sharply lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries. The Dow Jones industrial average lost more than 100 points.


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Friday, September 23, 2005

Stock Markets Afternoon News 9/23/2005

Stocks rise as Rita weakens

National Oceanic and Atmospheric Administration satellite image of Hurricane Rita taken as the dangerous storm moves through the Gulf of Mexico and headed for a rendezvous with the U.S. Gulf Coast, September 22, 2005. (NOAA/Handout/Reuters)Reuters - U.S. stocks rose on Friday, erasing earlier losses, as news that Hurricane Rita weakened before it approached landfall sent oil prices down more than $2 a barrel and helped improve investor sentiment.


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Stocks Rally As Hurricane Rita Loses Steam

A trader shouts across the oil pit as trade transactions are made at the Mercantile Exchange in New York, Friday Sept. 23, 2005.  (AP Photo/Bebeto Matthews)AP - Wall Street rallied back from earlier losses Friday as Hurricane Rita continued losing steam, sending oil prices down more than $2 amid optimism that the storm's impact on key Gulf Coast refineries won't be as bad as initially feared.


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Stock markets turn positive, oil lower as investors await impact of hurricane Rita

Canadian Press - TORONTO (CP) - The Toronto stock market was little changed Friday afternoon as energy stocks fell in the wake of a drop in crude prices of almost $2 US a barrel while mining and technology stocks rose.

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Yen jumps after China widens bands

Reuters - The yen jumped against the dollar and rallied against the euro on Friday, on kneejerk buying after China said it was widening the daily trading band for the yuan against non-dollar currencies.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Corn: NYSE's Biggest Loser

The Motley Fool - With blood running in the streets, is it time to buy Corn Products?

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Nikkei sags on oil, hurricane worries

Reuters - Tokyo's Nikkei ended down 0.28 percent on Thursday after concerns that Hurricane Rita could drive oil prices higher and further dampen the U.S. economy prompted investors to cash in recent winners such as Millea Holdings Inc. T>

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Dow Loses 103, Nasdaq Falls 25 on Rita

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - A hike in oil prices sent stocks sharply lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries. The Dow Jones industrial average lost more than 100 points.


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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Stock Markets Morning News 9/23/2005

Stocks slip on Rita uncertainty

National Oceanic and Atmospheric Administration satellite image of Hurricane Rita taken as the dangerous storm moves through the Gulf of Mexico and headed for a rendezvous with the U.S. Gulf Coast, September 22, 2005. (NOAA/Handout/Reuters)Reuters - Stocks slid on Friday, with investors uncertain about potential damage from Hurricane Rita as the storm moved closer to the oil-producing U.S. Gulf Coast and as earnings warnings hurt sentiment.


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Stocks Fall on Alcoa Warning, Oracle News

Oracle chief executive Larry Ellison smiles as he answers a question during his keynote address at the Oracle Open World Conference in San Francisco, Wednesday, Sept. 21, 2005. (AP Photo/Paul Sakuma)AP - Stocks fell in morning trading Friday despite a fresh drop in energy prices, weighed down by a profit warning from Alcoa Inc. and a pair of discouraging earnings reports from technology firms Oracle Corp. and Palm Inc.


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Stock markets negative, oil lower as investors await impact of hurricane Rita

Canadian Press - TORONTO (CP) - Stock markets headed lower Friday morning, with hurricane Rita hours away from hitting the U.S. Gulf Coast - the home of most U.S. oil production and refining.

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Yen jumps after China widens bands

Reuters - The yen jumped against the dollar and rallied against the euro on Friday, on kneejerk buying after China said it was widening the daily trading band for the yuan against non-dollar currencies.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Corn: NYSE's Biggest Loser

The Motley Fool - With blood running in the streets, is it time to buy Corn Products?

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Nikkei sags on oil, hurricane worries

Reuters - Tokyo's Nikkei ended down 0.28 percent on Thursday after concerns that Hurricane Rita could drive oil prices higher and further dampen the U.S. economy prompted investors to cash in recent winners such as Millea Holdings Inc. T>

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Dow Loses 103, Nasdaq Falls 25 on Rita

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - A hike in oil prices sent stocks sharply lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries. The Dow Jones industrial average lost more than 100 points.


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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Thursday, September 22, 2005

Stock Markets Afternoon News 9/22/2005

Stocks rise as Rita downgraded, oil eases

National Oceanic and Atmospheric Administration satellite image of Hurricane Rita taken as the dangerous storm moves through the Gulf of Mexico and headed for a rendezvous with the U.S. Gulf Coast, September 22, 2005. (NOAA/Handout/Reuters)Reuters - U.S. stocks rose on Thursday after Hurricane Rita was downgraded to a Category 4 storm, easing fears it would cause as much damage as Hurricane Katrina and disrupt oil production to the same extent.


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Stocks Turn Higher As Rita Weakens a Bit

Ivorie Robinson puts boards over the windows at his home at Lake Arthur, La., Thursday, Sept. 22, 2005 as he prepares for possible landfall in the area of Hurricane Rita. Robinson has lived in the house for four years and this is the third time he has had to leave for a storm.  (AP Photo/Ric Feld)AP - Wall Street lifted itself out of a fourth day of losses Thursday, turning higher as Hurricane Rita weakened slightly and veered away from many oil refineries.


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TSX moves lower on energy losses, NY up on hopes for minimal damage from Rita

Canadian Press - TORONTO (CP) - The Toronto stock market turned sharply lower Thursday as energy stocks and oil prices fell on hopes that hurricane Rita will spare a concentration of energy production facilities along the U.S. Gulf Coast.

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Dollar becalmed as markets await Rita

Reuters - The dollar hugged tight ranges on Thursday nervously waiting to see if Hurricane Rita, which was heading for the coast of Texas, would damage the U.S. economy and slow the pace of U.S. interest rate rises.

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Nikkei sags on oil, hurricane worries

Reuters - Tokyo's Nikkei ended down 0.28 percent on Thursday after concerns that Hurricane Rita could drive oil prices higher and further dampen the U.S. economy prompted investors to cash in recent winners such as Millea Holdings Inc. T>

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Dow Loses 103, Nasdaq Falls 25 on Rita

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - A hike in oil prices sent stocks sharply lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries. The Dow Jones industrial average lost more than 100 points.


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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Stock Markets Morning News 9/22/2005

Stocks open little changed as Rita builds

National Oceanic and Atmospheric Administration (NOAA) satellite image of Hurricane Rita taken at 1645GMT on September 21, 2005. (NOAA/Handout/Reuters)Reuters - U.S. stocks opened little changed on Thursday, but shares of Exxon Mobil Corp. rose as oil prices increased with Hurricane Rita churning through the Gulf of Mexico.


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Stocks Inch Up As Wall Street Awaits Rita

Cars are bumper to bumper on Interstate 45 near downtown Houston on Thursday, Sept. 22, 2005. Thousands of people are evacuating the Texas coast and officials will be reversing the Southbound lane on the interstate to four lanes of north bound flow.  (AP Photo/Rick Bowmer)AP - Stocks rose slightly in early trading Thursday even as Wall Street hunkered down and waited for Category 5 Hurricane Rita to hit land.


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Dollar becalmed as markets await Rita

Reuters - The dollar hugged tight ranges on Thursday nervously waiting to see if Hurricane Rita, which was heading for the coast of Texas, would damage the U.S. economy and slow the pace of U.S. interest rate rises.

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Nikkei sags on oil, hurricane worries

Reuters - Tokyo's Nikkei ended down 0.28 percent on Thursday after concerns that Hurricane Rita could drive oil prices higher and further dampen the U.S. economy prompted investors to cash in recent winners such as Millea Holdings Inc. T>

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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TSX higher on rising oil stocks but NY sharply lower on hurricane Rita fears

Canadian Press - TORONTO (CP) - Energy stocks boosted the Toronto stock market Wednesday as oil prices moved higher amid fears that hurricane Rita could inflict another mauling on U.S. Gulf Coast energy production and refining facilities.

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Dow Loses 103, Nasdaq Falls 25 on Rita

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - A hike in oil prices sent stocks sharply lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries. The Dow Jones industrial average lost more than 100 points.


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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Wednesday, September 21, 2005

Stock Markets Afternoon News 9/21/2005

Stocks fall as hurricane Rita looms

National Oceanic and Atmospheric Administration (NOAA) satellite image of Hurricane Rita taken at 1645GMT on September 21, 2005. (NOAA/Handout/Reuters)Reuters - U.S. stocks fell on Wednesday as the approach of Hurricane Rita helped lift oil prices, renewing concerns about the impact on corporate profits.


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Stocks Fall on Oil Prices, Rita Worries

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - A hike in oil prices sent stocks lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries.


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Stock markets mixed as hurricane Rita upgraded, oil prices surge

Canadian Press - TORONTO (CP) - Energy shares took the Toronto stock market higher Wednesday afternoon as the price of oil moved higher in the face of another hurricane.

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Stocks Decline on Hurricane Rita Fears

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - Soaring oil prices sent stocks lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries.


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Dollar tumbles on Rita fears

Reuters - The dollar lost about one percent versus the euro and Swiss franc on Wednesday, despite Tuesday's rise in U.S. interest rates, as markets feared a new hurricane could wreak as much damage in the United States as Katrina.

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Nikkei hits new 4-yr high on banks

Reuters - The Nikkei share average rose 0.37 percent to a fresh four-year closing high on Wednesday as investors, bullish about Japan's recovery after land price data the day before, bought shares in property developers and banks.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Stock Markets Morning News 9/21/2005

Stocks fall as oil up on Hurricane Rita

National Oceanic and Atmospheric Administration satellite image of Hurricane Rita taken at 2045 GMT on September 20, 2005. (NOAA/Handout/Reuters)Reuters - U.S. stocks fell on Wednesday as crude prices spiked after Hurricane Rita strengthened over the Gulf of Mexico on a course that could threaten oil production.


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Stocks Decline on Hurricane Rita Fears

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - Soaring oil prices sent stocks lower Wednesday as traders worried about the damage that Hurricane Rita might wreak on Texas refineries.


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Stock markets mixed as hurricane Rita upgraded, oil prices surge

Canadian Press - TORONTO (CP) - The Toronto stock market was positive Wednesday morning as oil prices spiked almost $2 US a barrel on fears that energy production and refineries on the U.S. Gulf Coast could be in for another mauling.

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Dollar tumbles on Rita fears

Reuters - The dollar lost about one percent versus the euro and Swiss franc on Wednesday, despite Tuesday's rise in U.S. interest rates, as markets feared a new hurricane could wreak as much damage in the United States as Katrina.

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Nikkei hits new 4-yr high on banks

Reuters - The Nikkei share average rose 0.37 percent to a fresh four-year closing high on Wednesday as investors, bullish about Japan's recovery after land price data the day before, bought shares in property developers and banks.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Wall Street Casts Wary Eye on the Fed

AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.

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Tuesday, September 20, 2005

Stock Markets Afternoon News 9/20/2005

Stocks decline after Fed raises rates

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)Reuters - U.S. fell on Tuesday after the Federal Reserve raised the benchmark interest rate to 3.75 percent and gave no indication it's near the end of its rate-increase campaign.


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Stocks Sell Off Sharply After Rate Hike

Traders surround the post on the floor of the New York Stock Exchange that handles Tempur-Pedic, Tuesday Sept. 20, 2005. Tempur-Pedic International Inc. shares tumbled to their lowest level in over a year on Tuesday, weighed by a quartet of bearish downgrades one day after the mattress maker slashed its full-year financial forecast due to sluggish sales and consumer sentiment that it blamed on Hurricane Katrina. (AP Photo/Richard Drew)AP - Stocks sold off sharply Tuesday after the Federal Reserve said it would continue raising interest rates despite Wall Street's worries about the economic impact of Hurricane Katrina.


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Stocks mixed: TSX lower as investors weigh Ottawa's curve thrown at trusts

Canadian Press - TORONTO (CP) - The Toronto stock market was lower as investors punished stocks of companies that could be affected by a curve thrown at the income trust sector by Ottawa.

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Dollar dips but holds ranges ahead of Fed

Reuters - The dollar fell on Tuesday but still held fairly near the previous session's seven-week high against the euro as the Federal Reserve was widely expected to raise U.S. rates for an 11th straight time later in the day.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

Read More...

Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Wall Street Casts Wary Eye on the Fed

AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.

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Stock futures point higher

Reuters - U.S. stock futures pointed to a higher market open on Friday as investors awaited a report on consumer confidence for indications of how Hurricane Katrina and surging gasoline prices are affecting the psyche of the American shopper.

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Stock Markets Morning News 9/20/2005

Stocks rise as Fed decision awaited

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)Reuters - U.S. stocks were higher on Tuesday as crude oil prices eased, while investors awaited this afternoon's interest-rate decision from the Federal Reserve.


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Stocks Climb on Oil Prices, Earnings

Gary Wang, second left, CEO of Hong Kong-based Seaspan Corp., shares a light moment on the New York Stock Exchange bell podium before he rings the opening bell, Tuesday Sept. 20, 2005. Celebrating the comnpany's listing are NYSE CEO John Thain, left; Seaspan Financial Officer Kevin Kennedy, third left; and Todd Wilson, the company's director of relational advisorsAP - A surprise profit from Circuit City Stores Inc. and a drop in oil prices lifted stocks Tuesday, although investors remained preoccupied with the Federal Reserve's pending decision on interest rates.


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Stock market indicators positive before possible rate hike; oil prices ease

Canadian Press - TORONTO (CP) - With oil prices easing ahead of a possible U.S. interest rate hike, global indicators were mostly positive for North American stock markets early Tuesday.

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Dollar dips but holds ranges ahead of Fed

Reuters - The dollar fell on Tuesday but still held fairly near the previous session's seven-week high against the euro as the Federal Reserve was widely expected to raise U.S. rates for an 11th straight time later in the day.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint

Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.

Read More...

Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

Read More...

Wall Street Casts Wary Eye on the Fed

AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.

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Stock futures point higher

Reuters - U.S. stock futures pointed to a higher market open on Friday as investors awaited a report on consumer confidence for indications of how Hurricane Katrina and surging gasoline prices are affecting the psyche of the American shopper.

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Monday, September 19, 2005

Stock Markets Afternoon News 9/19/2005

Dow falls as oil rebounds

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)Reuters - Stocks slid on Monday as a jump in oil prices and a possible rate increase by the Federal Reserve on Tuesday raised concerns about corporate profits and diminished demand for stocks.


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Stocks Fall Amid Spike in Oil, Gas Prices

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)AP - Stocks plummeted Monday as heightened fears of another hurricane hitting the Gulf Coast sent oil prices racing past $67 a barrel and investors grew anxious about the Federal Reserve's upcoming meeting on interest rates.


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Stock markets mixed on higher oil price, anticipated Fed rate hike

Canadian Press - TORONTO (CP) - Canadian and American stock markets continued to move in opposite directions Monday afternoon, as crude oil prices shot past $67 US a barrel while U.S. investors grew more anxious about the Federal Reserve's upcoming meeting on interest rates.

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Acclaim Energy and StarPoint to merge into $5B energy trust; to seek NYSE listing

Canadian Press - CALGARY (CP) - Acclaim Energy Trust and StarPoint Energy Trust are merging into one of the largest energy trusts in North America - with an enterprise value of more than $5 billion - and will seek a listing on the New York Stock Exchange.

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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Euro falls to one-month low

Reuters - The euro fell more than 3/4ths of a U.S. cent to a one-month low on Monday after provisional results from German elections revealed no clear winners, clouding the outlook for much-needed reforms in Europe's biggest economy.

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Wall Street Casts Wary Eye on the Fed

AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Stock futures point higher

Reuters - U.S. stock futures pointed to a higher market open on Friday as investors awaited a report on consumer confidence for indications of how Hurricane Katrina and surging gasoline prices are affecting the psyche of the American shopper.

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Stock Markets Morning News 9/19/2005

Stocks slip as crude rises; eBay down

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)Reuters - U.S. stocks slipped on Monday as rising crude oil prices raised concerns about lackluster consumer spending and corporate profits, while Wall Street anticipated another interest-rate hike by the Federal Reserve this week.


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Stock markets open mixed on higher oil price, anticipated Fed rate hike

Canadian Press - TORONTO (CP) - Stock markets had a mixed start Monday, affected by rising oil prices, Germany's political uncertainty and a possible U.S. interest rate hike this week.

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Stocks Fall As Market Awaits Fed Decision

Traders finish the day at the New York Stock Exchange in New York on May 19, 2005. (Seth Wenig/Reuters)AP - Stocks declined in morning trading Monday amid a spike in oil prices and anxiety about the Federal Reserve's upcoming meeting on interest rates.


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Sirius rises, ViaCell falls before open

Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.

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Wall Street seen lower as oil climbs

Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.

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Euro falls to one-month low

Reuters - The euro fell more than 3/4ths of a U.S. cent to a one-month low on Monday after provisional results from German elections revealed no clear winners, clouding the outlook for much-needed reforms in Europe's biggest economy.

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Wall Street Casts Wary Eye on the Fed

AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Stock futures point higher

Reuters - U.S. stock futures pointed to a higher market open on Friday as investors awaited a report on consumer confidence for indications of how Hurricane Katrina and surging gasoline prices are affecting the psyche of the American shopper.

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Status Report on Wall Street's Indexes

AP - A sleepy day on Wall Street ended with stocks little changed. Glum economic data gave investors hope that the Federal Reserve would stop its year-plus march of interest rate hikes when it meets next Tuesday. Those same investors seem poised to do very little, barring catastrophic news, until after the Fed meeting.

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