Stock Markets Morning News 9/23/2005

Stocks slip on Rita uncertainty

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

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

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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