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Updated: 11 min 32 sec ago

Australian unemployment falls, lifting currency

Wed, 09/08/2010 - 11:51pm
Australia's unemployment rate falls to a lower-than-expected 5.1% in August, boosting the Australian dollar and Sydney equities. Strong data also strengthens fears that the central bank's next rate hike may come sooner than some had expected, say economists.


Categories: Investment News

AXA slumps, NAB gains as Australia rejects deal

Wed, 09/08/2010 - 10:46pm
National Australia Bank shares rise but those of AXA Asia Pacific fall sharply after the Australian competition body rejects an attempt by National Australia Bank to make its $12.2 billion takeover bid of AXA Asia Pacific more palatable to the regulator.


Categories: Investment News

Behind the tech drama, a consolidating industry

Wed, 09/08/2010 - 8:27pm
Battle between H-P and Dell for 3Par shows tech industry in the midst of change.


Categories: Investment News

Goldman's hedge fund factory winding down

Wed, 09/08/2010 - 7:40pm
As Goldman Sachs Group winds down its Principal Strategies group in response to a law that limits banks' abililty to trade with their own money, the firm will be shutting a business that's produced some of the most successful hedge fund managers in the world.


Categories: Investment News

After Hours: Men's Wearhouse up, Questcor falls in late trade

Wed, 09/08/2010 - 7:23pm
Questco shares fall in late trade after regulators again delay a review for the potential new use of one of the company's drugs, while Men's Wearhouse shares rise following the apparel retailer's report of profit and sales gains.


Categories: Investment News

Stocks to Watch: Stocks in focus: National Semi, Smith & Wesson

Wed, 09/08/2010 - 6:23pm
Among the companies whose shares are expected to see active trade in Thursday’s session are National Semiconductor, Smith & Wesson Holding Corp., and Piedmont Natural Gas.


Categories: Investment News

Latin American Markets: Chile stocks jump; central bank raises growth view

Wed, 09/08/2010 - 6:09pm
Chilean equities reach a new record closing higher after the country's central bank raises its growth outlook for gross domestic product this year. Also, one analyst sees more pressure ahead for shares of Brazilian oil giant Petrobras.


Categories: Investment News

Personal Finance Daily: Condo owners may be ruing their decision to buy

Wed, 09/08/2010 - 5:47pm
During this economic downturn, as more homeowners fall behind on their dues, some condo associations are struggling to get by. That means they're coming down hard on homeowners -- and not only those who are behind on their payments.


Categories: Investment News

Financial Stocks: Financials climb, recouping previous day's losses

Wed, 09/08/2010 - 5:42pm
The financial sector rebounds to lead U.S. stocks higher as concerns about the European banking sector recede.


Categories: Investment News

Obama: U.S. simply can't afford tax cuts for rich

Wed, 09/08/2010 - 5:30pm
The United States can’t afford extending Bush-era tax cuts for the wealthiest Americans, the president says, even as he calls for tax breaks for middle-class Americans.


Categories: Investment News

More Americans are told to get flu vaccine

Wed, 09/08/2010 - 5:19pm
Seasonal supplies are available earlier and in greater volumes than ever before — and this year they’re recommended for everyone over 6 months old.


Categories: Investment News

Canadian Markets: Canada stocks slide, but loonie firms on rate hike

Wed, 09/08/2010 - 5:19pm
Canadian stocks close lower, failing to capitalize on a central bank rate hike, as sharp losses by gold producers drag the broader market down.


Categories: Investment News

Energy Stocks: BP pulls energy stocks to a higher close

Wed, 09/08/2010 - 5:16pm
Oil and gas stocks close higher, with BP PLC leading the way following a ratings increase and the release of the company's much-anticipated well report.


Categories: Investment News

David Callaway: We’re in the double dip; that’s good news

Wed, 09/08/2010 - 5:12pm
The numbers confirm it. We’re dipping. But we’re not in another recession and the markets will soon start focusing on the recovery.


Categories: Investment News

Newsletters & Research: A rising Phoenix and a deflationary defense

Wed, 09/08/2010 - 5:10pm
Deflation seems to have the upper hand lately in the debate among investors about inflation versus deflation, so it may be worth asking which sectors perform best during extended deflationary periods.


Categories: Investment News

Cool summer delays winegrape harvest

Wed, 09/08/2010 - 5:05pm
A very cool and foggy summer in California’s premium wine country has grape growers, vintners and wine-drinkers alike still waiting for the start of the 2010 winegrape harvest.


Categories: Investment News

NewsWatch: U.S. stocks recover much of prior day's drop

Wed, 09/08/2010 - 5:00pm
U.S. stocks recoup the bulk of the prior day's slide after the Federal Reserve reports continued but decelerated economic growth across the country and President Barack Obama rules out extending Bush-era tax cuts for the wealthiest Americans.


Categories: Investment News

The Ratings Game: Weak PC sales cited as UBS cuts H-P, Intel ratings

Wed, 09/08/2010 - 5:00pm
With much of the tech sector advancing Wednesday, analysts at UBS cut ratings on Hewlett-Packard, Intel and Western Digital because of concerns about the outlook for PC sales through year-end


Categories: Investment News

Metals Stocks: Gold futures ease from record high as worries fade

Wed, 09/08/2010 - 4:56pm
Futures fall back from the previous day’s record-high close as concerns about European banks and economic growth fade and investors pull out of safe-haven positions.


Categories: Investment News

Smithfield Foods gets lift from higher meat prices

Wed, 09/08/2010 - 4:40pm
Stronger meat prices and tight supplies help the pork producer to post a first-quarter profit as its hog-production unit returns to profitability.


Categories: Investment News