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China PMI Stays Weak

Posted: September 30, 2012 at 7:11 pm

The economy of the People's Republic has begun to show a collapse which simply could not be contemplated a year ago. Weakness in Europe and a slowdown of GDP in the ...
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Bank Of America’s $2.43 Billion Merrill Settlement

Posted: September 29, 2012 at 7:27 am

Bank of America (NYSE: BAC) received one more hit in a long line of bad publicity. Its reputation was damaged once again. Again, its image as the worst of America's ...
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U.K. Still ‘AAA’ at Fitch

Posted: September 28, 2012 at 4:10 pm

Fitch Ratings today affirmed its ‘AAA’ ratings on the U.K.’s foreign currency issuer default rating, local currency issuer default rating, and country ceiling. The currency ratings outlooks were maintained as ...
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24/7 Wall St. Closing Bell — September 28, 2012: Markets Sag as Quarter Ends (CAT, MCD, QCOM, APA, PFE, RIMM, NKE, ACN, AM, FINL, WAG, CALM, FGP, SURG, MDRX, ADTN, FB)

Posted: September 28, 2012 at 4:05 pm

The three major U.S. stock indexes opened lower this morning following a weaker-than-expected report on U.S. personal income and inline personal consumption spending (more coverage here). U.S. markets followed Europe, ...
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Whence the Deficit? A Closer Look. Federal Debt – The Grim Arithmetic

Posted: September 28, 2012 at 2:09 pm

-By Eric Philo The explosion of the deficit in 2009 is a direct result of the financial meltdown of 2008, and the subsequent deep recession it caused[1].  Even though ...
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Chinese Yuan at Record High vs. Greenback

Posted: September 28, 2012 at 2:01 pm

The Chinese yuan rose to its highest level against the dollar since the modern currency began trading in 1994. At its high point today, one U.S. dollar could buy 6.2838 ...
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AT&T Dividend Declaration, Prelude to Hike Right Before Year-End

Posted: September 28, 2012 at 1:41 pm

AT&T Inc. (NYSE: T) has just initiated its fourth payment of a $0.44 per common share quarterly dividend. We were not expecting a dividend hike this month, but we are ...
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Oil Markets Losing Lustre

Posted: September 28, 2012 at 1:28 pm

A U.S. energy trade group said the petroleum market in the country was hit by slumping demand. Total petroleum deliveries for August were at their lowest level for the month ...
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Spanish Bank Stress Tests Not So Bad After All (SAN, BBVA)

Posted: September 28, 2012 at 1:19 pm

The Spanish bank stress tests are out and the initial verdict is that the shortfall was just not as bad as expected. In order to encompass about 90% of Spain's ...
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Gold Miners Not Sharing in the Wealth

Posted: September 28, 2012 at 1:09 pm

The price of gold has risen by about $200 an ounce since the end of June and has scored about half that gain since the first of September. The yellow ...
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Walmart Prepares Application to Open Stores in India

Posted: September 28, 2012 at 12:03 pm

That didn’t take long. Two weeks ago the government of India approved legislation that would permit non-Indian majority ownership of multi-brand retail operations. The new legislation has opened the door ...
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LifeLock and Dave & Busters Are Key IPOs in the Week Ahead

Posted: September 28, 2012 at 11:51 am

The market may still be cautious when it comes to the IPO market. After all, Facebook, Inc. (NASDAQ: FB), Groupon Inc. (NASDAQ: GRPN), and Zynga, Inc. (NASDAQ: ZNGA) have all ...
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Credit Managers Stay Positive in September, But Slipping

Posted: September 28, 2012 at 11:30 am

The September report from The National Association of Credit Management is out with a positive headline and a positive bias at the start. The problem is that the gains have ...
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Tepid September Retail Sales Forecast

Posted: September 28, 2012 at 11:11 am

Retail sales made a strong comeback in July and August, rising 2.5% and 3.3%, respectively, year-over-year from a very low 0.3% increase in June. According to research firm Retail Metrics, ...
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Facebook, Twitter Finding a Home in China?

Posted: September 28, 2012 at 10:35 am

The conventional wisdom says that China has no (or very few) users of social media sites like Facebook Inc. (NASDAQ: FB) and Twitter. But that wisdom may be off the ...
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