Archive for November 7th, 2008

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Reuters - A Securities and Exchange Commission judge found little evidence to support a report that the agency failed to enforce the law in a 2003 investigation into Bear Stearns pricing of debt, according to an administrative law judge decision released on Friday.

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posted by admin on Nov 7

Traders on the floor of the New York Stock Exchange surround the post that handles Wells Fargo, after the closing bell Friday, Nov. 7, 2008. Buyers returned to Wall Street Friday after two days of heavy losses, mindful of the economy's growing problems but attracted by stocks' lower prices. (AP Photo/Richard Drew)AP - Buyers returned to Wall Street Friday after two days of heavy losses, mindful of the economy’s growing problems but attracted by stocks’ lower prices. Analysts said the advance was to be expected as Wall Street experiences a rocky recovery from October’s devastating selling.


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posted by admin on Nov 7

A broker watches displays showing stock prices at a brokerage firm in Hong Kong Friday, Nov. 7, 2008. Asian stock markets retreated for a second day Friday as downbeat company forecasts and slugging U.S. economic data stoked pessimism about the global economy. (AP Photo/Vincent Yu)AP - U.S. and European stock markets rose Friday after two days of losses as stocks appeared excessively beaten down to some and U.S. unemployment data turned out better than the market’s worst fears.


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posted by admin on Nov 7

AP - Argentine stocks fell Wednesday after lawmakers approved a plan to nationalize pension funds. But other Latin American markets made modest gains despite continued concerns about the downturn in the global economy.

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posted by admin on Nov 7

Traders work on the floor of the New York Stock Exchange, November 6, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks rose on Friday as bargain hunters scooped up shares at multiyear lows after a big drop in the October payrolls was less dire than feared.


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posted by admin on Nov 7

Traders work on the floor of the New York Stock Exchange, November 6, 2008. (Brendan McDermid/Reuters)AP - Buyers returned to Wall Street Friday after two days of heavy losses, mindful of the economy’s growing problems but attracted by stocks’ lower prices. Analysts said the advance, which also came amid relief that a bad report on unemployment wasn’t worse and followed dour third-quarter reports from Ford and General Motors, was to be expected as Wall Street experiences a rocky recovery from October’s devastating selling.


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posted by admin on Nov 7

Traders work on the floor of the New York Stock Exchange, November 6, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks rose on Friday and investors picked up shares at multi-year lows after employers slashed October payrolls by an unexpectedly severe 240,000.


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posted by admin on Nov 7

People watch the ringing of the closing bell at the NASDAQ Marketsite in New York, November 3, 2008. (Brendan McDermid/Reuters)Reuters - The Nasdaq Stock Market has triumphed in a long battle with rival New York Stock Exchange, winning a regulatory ruling that a company can keep its stock symbol when it moves to a new exchange.


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