Archive for November 4th, 2008

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Reuters - A former Goldman Sachs Group Inc analyst who was in custody for more than two years for leading an insider-trading ring that netted more than $6.7 million is in violation of his probation and may have left the country, according to a court filing.

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posted by admin on Nov 4

Reuters - Canadian mutual fund investors were spooked in October as dismal stock markets prompted redemptions estimated at roughly C$8.5 billion ($7.4 billion), an industry group said on Tuesday.

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posted by admin on Nov 4

A trader works on the floor of the New York Stock Exchange November 4, 2008. (Reuters)AP - Investors believing that Wall Street is on the verge of a yearend rally have piled into the market, brushing off more weak economic data and propelling the Dow Jones industrials up 300 points.


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Traders work on the floor of the New York Stock Exchange November 4, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose in an Election Day rally on Tuesday, as investors looked forward to the end of the uncertainty surrounding the long fight for the White House, and as energy companies’ shares followed oil prices higher.


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A specilaist works at his post on the floor of the New York Stock Exchange Tuesday, Nov. 4, 2008. (AP Photo/Richard Drew)AP - World markets surged higher Tuesday as the uncertainty about who will be the next U.S. president neared an end and a leading U.S. investment bank told its clients in Europe to buy stocks after the savaging they have taken in the last few weeks.


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Investor optimism about a new US president coupled with unexpectedly good company results helped the FTSE100 rise sharply by 4.42 percent.(AFP/File/Shaun Curry)AFP - Investor optimism about a new US president coupled with unexpectedly good company results helped the FTSE100 rise sharply by 4.42 percent on Tuesday.


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Stocks index figures are shown at a local securities firm in Taipei. Wall Street and European stock markets posted sharp gains as voting got underway in a historic US presidential election, with investors hoping a new leader will provide a fresh start out of the financial crisis.(AFP/Sam Yeh)AFP - Wall Street and European stock markets posted sharp gains Tuesday as voting got underway in a historic US presidential election, with investors hoping a new leader will provide a fresh start out of the financial crisis.


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Maria Teresa Cometto of New York takes a picture at William and Beaver Streets in New York during the 20th annual guided walking tour of Lower Manhattan sponsored by the Museum of American Finance on Saturday, Oct. 25, 2008.  This unique tour is the only regularly scheduled event that commemorates the Great Crash of 1929, the Panic of 1907 and the 1987 stock market collapse, along with the political, financial, real estate and architectural history of Wall Street and New York City. (AP Photo/Craig Ruttle)AP - Wall Street is enjoying an Election Day rally Tuesday, surging as investors brushed off weak economic data and looked forward to putting the uncertainty of the presidential voting behind them. The Dow Jones industrial average soared about 300 points, and the other major indexes rose well over 2 percent.


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