Stock Markets Afternoon News 9/23/2005

Stocks rise as Rita weakens

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

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

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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