Thursday, September 22, 2005

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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