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Wall Street gains on stronger data, financials. Stocks advanced moderately on Wednesday on an unexpectedly strong rise in orders for durable manufactured goods and resilience in the financial sector. Wall St. loses momentum as financial woes persist. US stocks lost momentum in the past week as financial woes continued to weigh down Wall Street with investors looking ahead to a busy week of economic news. MGM Studios says it is 'not for sale' following report in BusinessWeek. Metro-Goldwyn-Mayer Studios Inc. said Monday it is "not for sale" following a report in BusinessWeek that MGM's owners were looking to sell the movie company for US$5.2 billion. Test Drive: Impreza impresses as a lot of car for the cash. What a treat. A simple, sensible, pleasant car with all-wheel drive, decent fuel economy, comfortable seats and relatively good people space. This week, investors eye oil prices, spending data. It was another seesaw week on Wall Street, but it ended with a jolt of good news: a $6-a-barrel tumble in oil. This week, investors will be watching to see if crude extends its drop or bounces back up again.Stocks have been moving largely in an opposite lockstep with oil for the past few months. Financial sector developments, of course, can thwart the pattern _ investors react to practically any report involving such names as Fannie Mae, Freddie Mac or Lehman Brothers Holdings Inc. _ but Wall Street has made it clear: It likes when oil prices fall. Fresh credit fears hit financials, unnerve market. U.S. stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies. Ask an Expert: More on building a global business. Q: How would one go about beginning a more international sort of business? Not only are things tough here, but watching the Beijing Olympics makes me think that our product might do well in that vast market that is China. William. Fairfax Media to slash 550 jobs to cut costs. You need Flash Player 8 or higher to view video content with the ROO Flash Player. Analyze This: Investing In Tech Stocks. Analysis by Bolko Hohaus of Lombard Odier Darier Hentsch. Small-caps' gains raise some hopes for recovery. When Wall Street gets a whiff of recovery in small-capitalization stocks, hopeful questions often pop up about whether a nascent rebound for the overall market is taking hold. A quick rundown of Idaho's share of housing relief. Idaho's share of federal cash from the Housing and Economic Recovery Act of 2008 could top $140 million. Scotiabank profit dips to $1.01B. The Bank of Nova Scotia says profits fell two per cent to $1.01 billion in the third quarter on credit losses and lower capital markets revenue. Sheraton has designs on fresh look. Sheraton, one of the largest hotel chains with more than 400 properties worldwide, is getting an extensive makeover after years.. Meet Sir John Templeton. You may not have heard of billionaire Sir John Templeton, who died recently at 95, but he is arguably the world's most important investor, known for his philanthropy, faith and intellectual curiosity. Stocks mixed as rising oil curbs investors' enthusiasm. Stocks turned lower in thin volume Tuesday as concerns about the path of Hurricane Gustav pushed oil prices higher and offset.. Mattel awarded $100M in Bratz dolls copyright case. A federal jury awarded Mattel Inc. $100 million in damages on Tuesday in a federal copyright lawsuit that pitted the house of.. Program to help home buyers with down payments nears end. Builders are always trying to sell homes, but these days, they have an extra incentive beating the clock. In a few weeks, a.. Jackson bank says customer records lost. A bank in Jackson is alerting customers that a data tape containing account and client identity information has been lost. Housing market shows a hint of hope. New housing reports out Tuesday show some of the first glimmers of stabilization in the troubled housing market, but economists.. Fed's Lockhart urges patience amid strained mkts. The Federal Reserve must be "very vigilant" amid strained financial markets while exercising patience over interest rates as it waits for inflation to ease, a top Fed policy-maker said on Wednesday. |
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