Monday, October 17, 2005

Stock Markets Morning News 10/17/2005

Stocks extend gains after tobacco ruling

Reuters - U.S. stocks extended gains on Monday, led by a jump in Altria Group's shares after the U.S. Supreme Court rejected the government's appeal aimed at reinstating a potential $280 billion penalty against cigarette makers.

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Stocks Climb on GM Deal, Citigroup Profit

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 - Wall Street began the week with a moderate advance Monday as strong financial sector earnings and General Motor Corp.'s new labor agreement offset a sharp rise in oil prices.


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Stock markets up as energy stocks rebound on higher oil, GM, UAW cut a deal

Canadian Press - TORONTO (CP) - Higher energy stocks helped send the Toronto stock market higher Monday morning while Nortel Networks Corp. shares jumped as investors applauded a successor for outgoing CEO Bill Owens.

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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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