Tuesday, October 25, 2005

Stock Markets Afternoon News 10/25/2005

Stocks drop as crude oil jumps

Reuters - Stocks extended losses Tuesday as a jump of more than $2 a barrel in crude oil prices ahead of the U.S. Northeast winter and an unexpected drop in consumer confidence dampened investor interest.

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Stocks Slip on Falling Consumer Confidence

Traders Paul Lavezzoli (XPRO) and Brian Platt (BCP) along with others work the Standard & Poor's 500 Futures pit at the Chicago Mercantile Exchange Tuesday morning, Oct. 25, 2005. Chicago Mercantile Exchange Holdings Inc., the country's largest futures exchange, on Tuesday reported third-quarter earnings rose 30 percent to $77.5 million, or $2.22 a share, from $59.4 million, or $1.72 a share, a year earlier. The exchange attributed its strong quarter to 'significant volume growth in our foreign exchange, interest rate and equity products.' (AP Photo/Charles Rex Arbogast)AP - Profit-taking after the previous session's triple-digit gains sent stocks sliding Tuesday, with technology shares and small-caps hit the hardest on disappointing news from Texas Instruments Inc. and a surprising drop in consumer confidence.


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TSX loses momentum, N.Y. lower on higher oil, disappointing consumer data

Canadian Press - TORONTO (CP) - The Toronto stock market fell flat Tuesday afternoon as losses in financial and tech stocks trumped gains in resource stocks - particularly energy issues.

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Goldman E-Mails Show NYSE-Archipelago Deal

AP - A Goldman Sachs Group Inc. employee expressed surprise in a series of e-mails about the investment bank's unusual — some say conflicting — roles in shepherding the New York Stock Exchange's acquisition of Archipelago Holdings Inc.

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Stocks poised for rally despite unease

Reuters - Worries about oil prices, a possible housing bubble and inflation have all conspired to keep the wraps on a U.S. stock market that may finally be showing signs it will reverse course after a sluggish year.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Archipelago Earnings Down on NYSE Merger

AP - Archipelago Holdings Inc. said earnings in the latest quarter fell, hurt by the cost of preparing for its merger with the New York Stock Exchange.

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Bernanke Nod No Surprise on Wall Street

Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)AP - There's no surprise on Wall Street about Ben Bernanke's nomination as Federal Reserve chairman, since his name had been floated for the job for months. He has a strong academic background, has served on the Fed board, and spent five months heading President Bush's economic team.


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Wall St seen up as welter of earnings due

Reuters - U.S. futures pointed to a firmer start on Wall Street on Monday with investors awaiting results and guidance from a brace of S&P 500 companies, including American Express and Texas Instruments .

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Stock Markets Morning News 10/25/2005

Stocks fall on profit jitters, data

Reuters - Stocks fell on Tuesday as a key economic gauge showed a larger-than-expected drop in consumer confidence and Texas Instruments Inc.'s disappointing revenue outlook rekindled worries about corporate earnings.

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Profit Taking Sends Stocks Down

A Japanese businessman walks by an electronic stock indicator in downtown Tokyo Tuesday, Oct. 25, 2005. Japanese stocks rallied Tuesday as traders welcomed gains in New York overnight following the nomination of Ben Bernanke as new U.S. Federal Reserve chairman. The Nikkei 225 index jumped 174.44 points, or 1.33 percent, to close at 13,280.62 points on the Tokyo Stock Exchange. (AP Photo/Koji Sasahara)AP - A spate of profit taking sent stocks sliding Tuesday, with disappointing news from Texas Instruments Inc. and a drop in consumer confidence adding to the letdown after the previous session's triple-digit gains.


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TSX moves up on higher oil, Wall Street slips after big gains Monday

Canadian Press - TORONTO (CP) - The Toronto stock market edged higher Tuesday morning on some positive earnings reports while energy stocks enjoyed a pop from higher oil prices.

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Stocks poised for rally despite unease

Reuters - Worries about oil prices, a possible housing bubble and inflation have all conspired to keep the wraps on a U.S. stock market that may finally be showing signs it will reverse course after a sluggish year.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Archipelago Earnings Down on NYSE Merger

AP - Archipelago Holdings Inc. said earnings in the latest quarter fell, hurt by the cost of preparing for its merger with the New York Stock Exchange.

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Bernanke Nod No Surprise on Wall Street

Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)AP - There's no surprise on Wall Street about Ben Bernanke's nomination as Federal Reserve chairman, since his name had been floated for the job for months. He has a strong academic background, has served on the Fed board, and spent five months heading President Bush's economic team.


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Wall St seen up as welter of earnings due

Reuters - U.S. futures pointed to a firmer start on Wall Street on Monday with investors awaiting results and guidance from a brace of S&P 500 companies, including American Express and Texas Instruments .

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Profit Forecasts Overshadowing Earnings

AP - Some of the nation's biggest, most successful companies have posted very good third-quarter earnings, yet their stocks have been punished for lackluster profit forecasts. And that has the major indexes whipsawing — a trend likely to continue in the week ahead.

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Monday, October 24, 2005

Stock Markets Afternoon News 10/24/2005

Stocks climb on Bernanke, earnings

Reuters - U.S. stocks rose sharply on Monday as White House economic adviser Ben Bernanke's nomination to succeed Federal Reserve Chairman Alan Greenspan removed some market uncertainty over the selection and after better-than-expected earnings reports lifted sentiment.

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Bernanke Nod No Surprise on Wall Street

Ben Bernanke, President Bush's top economic adviser, speaks in the Oval Office at the White House after Bush named him to take over the Federal Reserve from retiring Alan Greenspan, in Washington, Monday, Oct. 24, 2005. It was the third time in as many years the president has turned to the 51-year-old Bernanke for a sensitive post. Bush named him to the Fed board in 2002, then made him chairman of the president's Council of Economic Advisers earlier this year. (AP Photo/J. Scott Applewhite)AP - There's no surprise on Wall Street about Ben Bernanke's nomination as Federal Reserve chairman, since his name had been floated for the job for months. He has a strong academic background, has served on the Fed board, and spent five months heading President Bush's economic team.


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Stocks Rally on Fed Chief Appointment

Traders work on the floor of the New York Stock Exchange, Monday afternoon Oct. 24, 2005. Wall Street rallied Monday after the nomination of top White House economist Ben Bernanke as the next Federal Reserve chief, with strong earnings from drugmakers and lower oil prices contributing to the gains.Investors have been hoping the new Fed chief would be less hawkish than Greenspan on inflation and keeps interest rates lower to spur the economy. (AP Photo/Richard Drew)AP - Wall Street rallied Monday after the nomination of top White House economist Ben Bernanke as the next Federal Reserve chief, with strong earnings from drugmakers and lower oil prices contributing to the gains.


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Earnings reports, lower oil, appointment of Fed governor send stocks higher

Canadian Press - TORONTO (CP) - Canadian and U.S. markets were positive Monday afternoon as oil shares rose despite another slide in the price of crude and the corporate earnings trend was mainly positive.

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Wall St seen up as welter of earnings due

Reuters - U.S. futures pointed to a firmer start on Wall Street on Monday with investors awaiting results and guidance from a brace of S&P 500 companies, including American Express and Texas Instruments .

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Profit Forecasts Overshadowing Earnings

AP - Some of the nation's biggest, most successful companies have posted very good third-quarter earnings, yet their stocks have been punished for lackluster profit forecasts. And that has the major indexes whipsawing — a trend likely to continue in the week ahead.

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Wall Street Glance

AP - Dow Jones Industrials

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Status Report on Wall Street's Indexes

AP - Stocks wrapped up an erratic week with a mixed session Friday as a troubling profit forecast from Caterpillar Inc. dragged down blue chips and stellar earnings from Google Inc. pumped up tech stocks.

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Nasdaq jumps 1 pct on Google news

Reuters - U.S. technology stocks rose on Friday, pushing the Nasdaq Composite Index (.IXIC) more than 1 percent higher, after Web search company Google Inc. reported earnings that beat analysts' expectations, boosting demand for Internet shares.

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Dollar slips as rally loses steam

Reuters - The dollar fell against the euro and the yen on Friday after its rally fueled by expectations of higher U.S. interest rates ran out of steam and traders took profits.

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Stock Markets Morning News 10/24/2005

Stocks rise on lower oil, Wilma relief

Reuters - Stocks rose sharply on Monday, buoyed by declining crude prices and relief that the latest hurricane to hit the United States missed oil rigs and platforms in the Gulf of Mexico.

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Drug Co. Profits Boost Stock Prices

Traders work the floor of the New York Stock Exchange. US stocks swung higher at the opening, with market sentiment boosted by a drop in crude-futures prices below 60 dollars a barrel and positive corporate news(AFP/Getty Images/File/Spencer Platt)AP - Strong profits in the pharmaceutical sector lifted stocks Monday, with falling crude oil prices giving further impetus to the buying.


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Strong earnings reports, lower oil prices send stock markets higher

Canadian Press - TORONTO (CP) - Stock markets were higher Monday morning as Toronto energy-sector shares rose despite another drop in the price of oil, while lower crude and the latest batch of earnings reports boosted Wall Street.

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Wall St seen up as welter of earnings due

Reuters - U.S. futures pointed to a firmer start on Wall Street on Monday with investors awaiting results and guidance from a brace of S&P 500 companies, including American Express and Texas Instruments .

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Profit Forecasts Overshadowing Earnings

AP - Some of the nation's biggest, most successful companies have posted very good third-quarter earnings, yet their stocks have been punished for lackluster profit forecasts. And that has the major indexes whipsawing — a trend likely to continue in the week ahead.

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Wall Street Glance

AP - Dow Jones Industrials

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Status Report on Wall Street's Indexes

AP - Stocks wrapped up an erratic week with a mixed session Friday as a troubling profit forecast from Caterpillar Inc. dragged down blue chips and stellar earnings from Google Inc. pumped up tech stocks.

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Nasdaq jumps 1 pct on Google news

Reuters - U.S. technology stocks rose on Friday, pushing the Nasdaq Composite Index (.IXIC) more than 1 percent higher, after Web search company Google Inc. reported earnings that beat analysts' expectations, boosting demand for Internet shares.

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Dollar slips as rally loses steam

Reuters - The dollar fell against the euro and the yen on Friday after its rally fueled by expectations of higher U.S. interest rates ran out of steam and traders took profits.

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.

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Friday, October 21, 2005

Stock Markets Afternoon News 10/21/2005

Dow falls as Caterpillar slides

Reuters - The blue-chip Dow average fell on Friday after Caterpillar Inc. posted weaker-than-expected earnings and cut its profit outlook, while tech stocks gained, partly driven by Web-search company Google Inc. after it reported a higher quarterly profit.

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Caterpillar, Google Leave Stocks Mixed

Specialist Thomas G. Grace Jr., center, of Banc of America Specialist Inc. works his post on the trading floor of the New York Stock Exchange in the morning hours Friday, Oct.  21,  2005.  Stocks were mixed Friday as Caterpillar Inc.'s lackluster results dragged down the Dow Jones industrial average, while strong quarterly earnings from Google Inc. encouraged tech investors. (AP Photo/David Karp)AP - Stocks traded mostly higher Friday, with Caterpillar Inc.'s lackluster results dragging down the Dow Jones industrials while strong earnings from Google Inc. led a broader rally on the market.


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TSX moves higher after 235-point selloff, NY mixed on earnings

A businessman studies stock prices in front of a Tokyo brokerage as Japanese stocks eked out gains Friday rising for a second day, with some investors buying stocks that have fallen in the market's recent slide. The Nikkei 225 index rose 9.49 points, 0.07 percent, to finish at 13,199.95 on the Tokyo Stock Exchange. (AP Photo/Katsumi Kasahara)Canadian Press - TORONTO (CP) - A resurgence in energy and gold stocks helped send the Toronto stock market up more than 100 points Friday as investors wondered where the TSX would settle after a three-week energy-sector-led correction.


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Nasdaq jumps 1 pct on Google news

Reuters - U.S. technology stocks rose on Friday, pushing the Nasdaq Composite Index (.IXIC) more than 1 percent higher, after Web search company Google Inc. reported earnings that beat analysts' expectations, boosting demand for Internet shares.

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Dollar slips as rally loses steam

Reuters - The dollar fell against the euro and the yen on Friday after its rally fueled by expectations of higher U.S. interest rates ran out of steam and traders took profits.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.

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Nikkei snaps 6-day sell-off

Reuters - Japan's Nikkei share average rose 0.7 percent on Thursday and was on track to snap a six-day losing streak as gains on Wall Street encouraged investors to pick up Advantest Corp. (6857.T) and other technology stocks.

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Stock futures point to lower open

Reuters - U.S. shares were set to open weaker on Wednesday, adding to the previous session's losses on a disappointing revenue forecast from chipmaker Intel .

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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Stock Markets Morning News 10/21/2005

Stocks open higher on Google results

Reuters - U.S. stocks rose sharply at the open on Friday, with Nasdaq leading the gains, after Web search company Google Inc. reported earnings that beat analysts' expectations, stirring enthusiasm for technology shares.

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Dow Down, Nasdaq Up in Morning Trading

Refco brokers are seen outside the natural gas futures pit of the New York Mercantile Exchange October 18, 2005. Moscow-based hedge fund VR Group, named by Refco as a major creditor, said on Friday it would challenge the U.S. broker's bankruptcy filing and that its operations were not under threat from the case. (Shannon Stapleton/Reuters)AP - Stocks traded mostly higher Friday as strong quarterly earnings at Google Inc. helped cushion investors' disappointment over Caterpillar Inc.'s full-year forecast.


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Stocks mixed: Lower oil keeps TSX negative, Google helps Wall Street

Canadian Press - TORONTO (CP) - The Toronto stock market piled on more losses Friday as the energy sector continued to retreat as crude oil fell below $60 US a barrel.

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Dollar slips as rally loses steam

Reuters - The dollar fell against the euro and the yen on Friday after its rally fueled by expectations of higher U.S. interest rates ran out of steam and traders took profits.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.

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Nikkei snaps 6-day sell-off

Reuters - Japan's Nikkei share average rose 0.7 percent on Thursday and was on track to snap a six-day losing streak as gains on Wall Street encouraged investors to pick up Advantest Corp. (6857.T) and other technology stocks.

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Stock futures point to lower open

Reuters - U.S. shares were set to open weaker on Wednesday, adding to the previous session's losses on a disappointing revenue forecast from chipmaker Intel .

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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U.S. stocks set to start lower as oil jumps to $64

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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Thursday, October 20, 2005

Stock Markets Afternoon News 10/20/2005

Stocks slide more as key levels broken

Reuters - U.S. stocks sank on Thursday as selling pressure mounted late in the day after the benchmark indexes broke key technical levels.

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Stocks Edge Lower on Bleak Pfizer Outlook

Trader Thomas Watts, center, talks on his phone as he works on the floor of the New York Stock Exchange Wednesday Oct. 19, 2005.  Stocks were mixed Wednesday, with a drop in oil prices moderating concerns about consumer spending following Intel Corp.'s disappointing profits and troubling sales forecasts. (AP Photo/Richard Drew)AP - New hints of weakening economic growth and a bleak outlook at Pfizer Inc. pressured stocks Thursday, with the major indexes retreating sharply after the Dow Jones industrials posted their first triple-digit gains in a month.


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TSX falls almost 200 points as energy, financial stocks retreat; N.Y. flat

Canadian Press - TORONTO (CP) - A selloff in the energy sector helped send the Toronto stock market reeling almost 200 points Thursday in the absence of a followup to rumours that a takeover of oil and gas giant EnCana Corp. was in the offing.

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Nikkei snaps 6-day sell-off

Reuters - Japan's Nikkei share average rose 0.7 percent on Thursday and was on track to snap a six-day losing streak as gains on Wall Street encouraged investors to pick up Advantest Corp. (6857.T) and other technology stocks.

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Dollar near two-year high vs yen

Reuters - The dollar stayed in sight of a two-year high against the yen on Thursday though the market moved cautiously on concerns that the pricing in of higher U.S. interest rates may have gone too far.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Stock futures point to lower open

Reuters - U.S. shares were set to open weaker on Wednesday, adding to the previous session's losses on a disappointing revenue forecast from chipmaker Intel .

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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U.S. stocks set to start lower as oil jumps to $64

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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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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Stock Markets Morning News 10/20/2005

Stocks open flat as earnings mixed

Reuters - U.S. stocks opened flat on Thursday after disappointing quarterly results from Pfizer Inc. and Ford Motor Co. and better-than-expected profit from Coca-Cola Co. gave a mixed picture of earnings on a busy reporting day.

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Stocks Edge Lower in Midmorning Trading

Specialist Garet Boehning, left., directs trades at his post on the floor of the New York Stock Exchange, Wednesday Oct. 17, 2005. The market was uneasy after Intel missed Wall Street's profit expectations by a penny per share and, more importantly, warned of slow fourth-quarter sales. (AP Photo/Richard Drew)AP - Falling revenues and a bleak outlook at Pfizer Inc. pressured stocks Thursday, with the major indexes withdrawing slightly one day after posting their first triple-digit gains in more than a month.


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TSX loses ground as energy, financial stocks retreat; NY flat

Canadian Press - TORONTO (CP) - Volatility resumed at the Toronto stock market Thursday as a sizable chunk of the previous day's solid gains evaporated in the wake of a selloff of energy shares on another slide in oil prices.

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Nikkei snaps 6-day sell-off

Reuters - Japan's Nikkei share average rose 0.7 percent on Thursday and was on track to snap a six-day losing streak as gains on Wall Street encouraged investors to pick up Advantest Corp. (6857.T) and other technology stocks.

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Dollar near two-year high vs yen

Reuters - The dollar stayed in sight of a two-year high against the yen on Thursday though the market moved cautiously on concerns that the pricing in of higher U.S. interest rates may have gone too far.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Stock futures point to lower open

Reuters - U.S. shares were set to open weaker on Wednesday, adding to the previous session's losses on a disappointing revenue forecast from chipmaker Intel .

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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U.S. stocks set to start lower as oil jumps to $64

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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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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Tuesday, October 18, 2005

Stock Markets Afternoon News 10/18/2005

Stocks slide after Exxon trade, PPI data

Reuters - U.S. stocks fell on Tuesday as a drop in Exxon Mobil Corp. shares weighed on blue chips and a government report of a rise in producer prices last month heightened investor worries about inflation.

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Stock Prices Fall on Inflation Concerns

The Chicago Board of Trade building in Chicago's downtown business district is seen on Tuesday, Oct. 18, 2005.  The CBOT, the oldest U.S. futures and options exchange, will be going public after 157 years when it debuts on the New York Stock Exchange Wednesday morning, Oct. 19. The exchange was founded to do business in corn and soybeans but now predominantly a marketplace for financial futures and options, hopes to raise as much as $147 million from the initial public offering. (AP Photo/Nam Y. HuhAP - A sharp jump in wholesale prices raised inflation fears on Wall Street Tuesday, sending stocks lower despite strong profit reports from a number of Dow Jones industrials. Heavy trading in the energy sector also took a toll on the major indexes.


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Tumbling oil stocks take TSX 150 points lower; NY lower on inflation data

Canadian Press - TORONTO (CP) - The Toronto stock market tumbled over 150 points Tuesday afternoon as the latest downturn in oil prices sparked another selloff in energy stocks and the Bank of Canada gave indications of more interest rate hikes.

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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Wall Street seen up amid earnings flood

Reuters - Earnings from blue chips such as Intel and Johnson & Johnson will drive sentiment on Wall Street on Tuesday, with investors also hoping for soft producer price data to quell their inflation fears.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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U.S. stocks set to start lower as oil jumps to $64

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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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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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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Stock Markets Morning News 10/18/2005

Stocks slip on inflation data

Reuters - U.S. stocks slipped on Tuesday after a report showed an inflation measure last month rose faster than expected, raising concerns about interest rates, but strong earnings from companies, including IBM, helped to limit losses.

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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Inflation Worries Push Stocks Lower

The Wall Street Journal Europe editor Raju Narisetti, right, Penelope Muse Abernathy, The Wall Street Journal senior vice president international and development, center, and Jon Housman, managing director The Wall Street Journal check the first paper printed as a compact version at the WSJ printing-office in Brussels, Sunday, Oct. 16, 2005. (AP Photo/Geert Vanden Wijngaert)AP - A sharp jump in wholesale prices raised new inflation fears on Wall Street Tuesday, sending stocks modestly lower despite strong profit reports from a number of Dow Jones industrials.


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Canadian dollar rises as Bank of Canada boosts rates; stocks to open flat

Canadian Press - TORONTO (CP) - The Canadian dollar rose Tuesday as the Bank of Canada hiked interest rates by a quarter-point for a second time this year, sending its key rate to three per cent in an attempt to head off inflation.

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Wall Street seen up amid earnings flood

Reuters - Earnings from blue chips such as Intel and Johnson & Johnson will drive sentiment on Wall Street on Tuesday, with investors also hoping for soft producer price data to quell their inflation fears.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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U.S. stocks set to start lower as oil jumps to $64

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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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.

Read More...

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."

Read More...

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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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."

Read More...

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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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.

Read More...

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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Friday, October 14, 2005

Stock Markets Afternoon News 10/14/2005

Stocks gain on CPI, GE

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

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Stocks Gain on Mild Core Inflation Data

Specialist Rick Oscher, second left., directs trades in shares of Waters Corp on the floor of the New York Stock Exchange, Friday Oct. 14, 2005. Waters Corp., maker of instruments that identify chemical compounds, on Thursday lowered its third-quarter outlook, citing slower-than-expected sales growth.  (AP Photo/Richard Drew)AP - Stocks rose moderately Friday after two upbeat economic reports showed inflation was relatively tame last month and that retail sales improved. Strong quarterly earnings at General Electric Co. contributed to the advance.


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Stocks higher as TSX energy sector turns positive, NY digests mixed data

Canadian Press - TORONTO (CP) - The Toronto stock market was up slightly Friday afternoon as investors picked up energy stocks that were beaten down earlier in the week.

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Thursday'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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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Stock Markets Morning News 10/14/2005

Stocks trim gains after sentiment data

Reuters - U.S. stocks trimmed gains on Friday after data showed consumer sentiment fell unexpectedly in early October, spurring worry that high energy costs are cutting into household spending.

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Stocks Mixed After Inflation, Consumer Data

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow has warned China that reforms to its currency and fledgling capital markets are needed to keep its 'breathtaking' economic expansion sustained.(AFP/Mark Ralston)AP - Stocks were mixed Friday as a report of weakening consumer confidence offset strong earnings at General Electric Co. and government data indicating inflation is not as severe as investors feared.


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Stocks markets move higher on tame U.S. inflation reading

Canadian Press - TORONTO (CP) - The Toronto stock market moved into positive territory in early trading Friday as rising mining and financial stocks countered another round of energy stock selloffs.

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Thursday'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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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Thursday, October 13, 2005

Stock Markets Afternoon News 10/13/2005

Blue-chips dip, but Apple lifts Nasdaq

Reuters - U.S. blue-chip stocks slid on Thursday as sliding oil prices pushed down energy companies' shares like Exxon Mobil Corp., while the Nasdaq Composite Index got a boost from gains in Apple Computer Inc.

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TSX tumbles as resource stocks give up ground, C$ falls on trade data, NY up

Canadian Press - TORONTO (CP) - The correction on the Toronto stock market carried on Thursday as falling demand for crude reignited selling of energy and other resource stocks.

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Stocks Edge Higher As Oil Prices Fall

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow has warned China that reforms to its currency and fledgling capital markets are needed to keep its 'breathtaking' economic expansion sustained.(AFP/Mark Ralston)AP - Stocks struggled to mount a modest rally Thursday as oil prices fell substantially, helping investors try to overcome a sharp jump in import prices that could foreshadow rising inflation.


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Wednesday'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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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Stock Markets Morning News 10/13/2005

Stocks fall on inflation jitters

Reuters - U.S. stocks edged slightly lower on Thursday as a government report showing the largest gain in U.S. import prices in nearly 15 years fanned fears about more interest-rate rises ahead from the Federal Reserve.

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Markets Edgy on Evidence of Inflation

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow has warned China that reforms to its currency and fledgling capital markets are needed to keep its 'breathtaking' economic expansion sustained.(AFP/Mark Ralston)AP - Renewed concerns about inflation pressured stocks in early trading Thursday after the government reported the steepest hike in prices for imported goods in 15 years.


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C$ tumbles on weaker trade surplus, markets lower on energy stocks, US data

Canadian Press - TORONTO (CP) - A deteriorating trade surplus helped send the Canadian dollar down almost three quarters of a U.S. cent Thursday morning.

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Wednesday'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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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Wednesday, October 12, 2005

Stock Markets Morning News 10/12/2005

Stocks rise on Pfizer boost; techs fall

Reuters - U.S. blue-chip stocks rose on Wednesday as drug company Pfizer Inc. advanced after winning a key court case, while tech shares fell a day after

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Stocks Mixed As Tech Sector Falls

US Treasury Secretary John Snow gives a briefing overlooking the trading floor at the Shanghai Stock Exchange. Snow opened his tour of China focused on the steps the country has taken to greater currency flexibility since Beijing revalued the yuan and pledged greater forex reform(AFP/Mark Ralston)AP - Troubles in the technology sector kept stocks mixed Wednesday and added to investors' worries about the state of the economy heading into the holiday shopping season.


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Stock markets mixed as oil moves higher, Apple Computer disappoints

Canadian Press - TORONTO (CP) - The Toronto stock market moved up Wednesday morning as higher oil prices helped the energy sector claw back more of last week's losses.

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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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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock and corporate bonds will trade on the over-the-counter electronic bulletin board after the company's shares and debt were suspended from trading Tuesday on the New York Stock Exchange.

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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Tuesday, October 11, 2005

Stock Markets Afternoon News 10/11/2005

Blue-chips gain after Fed minutes

Reuters - U.S. blue-chip stocks rose

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Delphi to Trade Stock on 'Pink Sheets'

AP - Delphi Corp.'s stock will trade on the over-the-counter electronic bulletin board after the company's shares were suspended from trading Tuesday on the New York Stock Exchange.

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Stocks Mixed As Alcoa Boosts the Dow

Barbara Harris, head of the upscale clothing line Multi by Bree, speaks with designer Ronald Hodges in her showroom, Friday, Oct. 7, 2005, in the garment district area of New York.  Americans' dreams of early retirement, interrupted by the 2000 stock market bust, live on. They have been revived in part by the economy's rebound, soaring home values and the ambitions of baby boomers.(AP Photo/Diane Bondareff)AP - Stocks were mixed Tuesday as strong earnings from Alcoa Inc. led the Dow Jones industrials higher but the Nasdaq gave up early gains as rising oil prices renewed worries about inflation and recession.


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Dollar pushes to session highs after Fed

Reuters - The dollar lumbered up to session highs on Tuesday after release of the minutes of the Federal Reserve's last policy-setting meeting which reinforced market expectations for more interest rate hikes, traders said.

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Stock markets mixed on Inco-Falconbridge deal, Alcoa earnings, tech weakness

Canadian Press - TORONTO (CP) - Falling technology and financial stocks kept the Toronto stock market in the red Tuesday as the energy sector continued to mend from last week's correction and investors took in a huge deal in the mining industry.

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Wall Street Journal Trims Down in Redesign

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher, Dow Jones & Co., said Tuesday.

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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Stock Markets Morning News 10/11/2005

Stocks rise on earnings, IBM upgrade

Reuters - U.S. stocks rose on Tuesday as initial quarterly earnings reports heartened investor sentiment and IBM received its second brokerage upgrade in two days, lifting technology shares.

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Wall Street Journal Trims Down

AP - The Wall Street Journal is cutting back the size of its newspaper as part of a redesign that will save it $18 million per year, the newspaper's publisher Dow Jones & Co. said Tuesday.

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NYSE Suspends Trading in Bankrupt Delphi

AP - The New York Stock Exchange suspended trading in Delphi Corp. stocks and bonds Tuesday, three days after the auto parts maker declared bankruptcy, due to "abnormally low" trading levels of its stock.

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Stocks Climb on Alcoa, Genentech Earnings

A member of the New York City Police Department's (NYPD) elite Hercules Unit stands guard outside the Broad Street subway stop on Wall Street, 07 October 2005.  New York police commissioner Raymond Kelly defended the decision by local authorities to increase security on the city's subway system, despite skepticism among federal agencies over the seriousness of the threat.(AFP/File/Timothy A. Clary)AP - Strong earnings from Alcoa Inc. and Genentech Inc. sent stocks higher Tuesday as relieved investors tried to recover from last week's bruising losses.


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NYSE to suspend trading in Delphi

Reuters - The New York Stock Exchange said on Tuesday that trading in Delphi Corp. shares would be suspended immediately.

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Stock markets higher on Inco-Falconbridge deal, Alcoa earnings

Canadian Press - TORONTO (CP) - Stock markets rose Tuesday morning amid a mega-deal involving two Canadian mining giants, while investors took in strong earnings from aluminum giant Alcoa.

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Stocks set to open up, techs in focus

Reuters - U.S. stock index futures pointed to a higher opening on Wall Street on Tuesday, paring market declines seen in recent sessions, with earnings a key focus.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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Big Movers in the Stock Market

AP - Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

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Stocks set to open up as earnings begin

Reuters - U.S. stock index futures pointed to a higher market open on Monday as investors turned their attention to the start of third-quarter earnings reports and end-of-the-year profit outlooks.

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Monday, October 10, 2005

Stock Markets Afternoon News 10/10/2005

Stocks extend losses on Delphi news

Reuters - U.S. blue-chip stocks extended losses on Monday as General Motors Corp. said auto parts supplier Delphi Corp.'s bankruptcy filing could cost it as much as $12 billion and as investors braced for a flood of earnings reports.

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Stocks Slip Ahead of Alcoa Earnings

A member of the New York City Police Department's (NYPD) elite Hercules Unit stands guard outside the Broad Street subway stop on Wall Street, 07 October 2005.  New York police commissioner Raymond Kelly defended the decision by local authorities to increase security on the city's subway system, despite skepticism among federal agencies over the seriousness of the threat.(AFP/File/Timothy A. Clary)AP - Stocks fell Monday after Delphi Corp.'s bankruptcy filing and a pair of lowered outlooks cast gloom on Wall Street ahead of Alcoa Inc.'s third-quarter report, expected after the closing bell.


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Stocks set to open up as earnings begin

Reuters - U.S. stock index futures pointed to a higher market open on Monday as investors turned their attention to the start of third-quarter earnings reports and end-of-the-year profit outlooks.

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Inflation Fears May Overshadow Earnings

AP - Oil prices fell substantially last week, yet the stock market dropped to its lowest levels since early July. People who are used to seeing stocks rise as oil prices fall could very well wonder what happened. Richard Fisher happened.

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Dollar solid after jobs rally

Reuters - The U.S. dollar consolidated in early Asian trade on Monday in the aftermath of U.S. jobs data that showed the economy shed far fewer jobs than feared last month, soothing fears about U.S. growth.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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TSX higher as energy stocks, oil stabilize; N.Y. flat on jobs data

Canadian Press - TORONTO (CP) - The Toronto stock market held onto solid gains Friday afternoon after three days of steep declines as energy stocks were snapped up by investors thinking the correction was overdone.

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Stock investors shrug off attack warnings

Reuters - U.S. stock markets on Friday shrugged off a threat against the New York City subway system, providing the latest evidence of how inured equity investors have grown to security menaces.

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Archipelago CEO Comments on NYSE Trading

AP - The New York Stock Exchange and Archipelago Holdings Inc. plan to allow Big Board floor brokers to trade Nasdaq-listed stocks from the NYSE floor on Archipelago's system, Archipelago Chief Executive Jerry Putnam said Friday.

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Dollar spikes up after jobs data

Reuters - The dollar extended gains early on Friday after the number of job losses in the U.S. last month following hurricanes Katrina and Rita were much less than economists had expected.

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