Monday, October 17, 2005

Stock Markets Afternoon News 10/17/2005

Blue chips up on tobacco ruling

Reuters - U.S. blue-chip stocks rose on Monday after a U.S. Supreme Court ruling boosted shares of Altria Group Inc. and other tobacco companies, while the tech-heavy Nasdaq was almost unchanged.

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Stocks Mixed on GM Deal, Tobacco Ruling

Specialist George Moerler III, second from right, directs trades in shares of UnitedHealth on the floor of the New York Stock Exchange, Friday Oct. 14, 2005. UnitedHealth Group Inc., one of the nation's largest health insurers, reported Friday that profit grew 21 percent in the third quarter on improvement in all business segments. (AP Photo/Richard Drew)AP - Stocks traded mostly higher Monday as Wall Street weighed General Motors Corp.'s new labor agreement and a favorable court ruling for cigarette makers. The technology sector felt pressure ahead of three major profit reports.


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TSX mixed as energy stocks rebound on higher oil; NY fades despite GM news

Canadian Press - TORONTO (CP) - The Toronto stock market registered modest gains Monday afternoon as higher energy stocks competed with negative showings in the financial and industrial sectors.

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WSJ Debuts Tabloid Format in Europe, Asia

AP - The Wall Street Journal debuted a smaller, tabloid format for its European and Asian newspapers Monday, saying the changes would make its articles more accessible to readers.

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Stocks set to start lower as oil jumps

Reuters - U.S. stock-index futures pointed to a weaker opening on Wall Street on Monday as oil prices rose more than 2 percent to $64 a barrel.

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Asian Wall Street Journal Changes Name

AP - The Asian Wall Street Journal scrapped its broadsheet printing style and tweaked its name Monday as it rolled out a new paper with a smaller tabloid format called "The Wall Street Journal Asia."

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Wall Street Eagerly Awaits Earnings Season

AP - Wall Street is hoping that this week's cascade of corporate earnings reports will help the markets overcome an October scare prompted by increasing concerns that economic growth could skid to a halt.

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U.S. stocks rise on tame core CPI data

Reuters - U.S. stocks rose on Friday as a strong profit growth from General Electric Co. stirred optimism about upcoming earnings reports and as U.S. consumer price data showed less-than-expected core inflation.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Nasdaq slips, Dow gains limited

Reuters - The tech-laden Nasdaq fell on Tuesday to a 3-month low on weakness in semiconductor stocks, while the Dow's gains were limited by concerns about corporate profits and rising crude prices.

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