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Stock Markets
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News
US stocks open lower as European leaders meet
In an April 16, 2012 photo trader Richard Newman, left, works on the floor of the New York Stock Exchange. Wall Street headed for another day of losses, Wednesday May 23, 2012 with Dow Jones industrial futures down 0.5 percent to 12,410 and S&P 500 futures 0.6 percent lower at 1,306.50. (AP Photo/Richard Drew)Stocks fell on Wall Street Wednesday as leaders of the 27 European Union countries gather in Brussels to debate how best to spur growth there.
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Greek concern takes Wall Street down, Dell weighs
Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks fell at the open on Wednesday on mounting concerns over Greece's future in the euro zone and as a weaker-than-expected revenue forecast from computer maker Dell weighed on investor sentiment. The Dow Jones industrial average dropped 64.41 points, or 0.52 percent, to 12,438.40. The S&P 500 Index fell 7.93 points, or 0.60 percent, to 1,308.70. The Nasdaq Composite Index lost 24.59 points, or 0.87 percent, to 2,814.49. (Reporting by Angela Moon, editing by Dave Zimmerman)
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Wall St to open lower on Greece woes, Dell outlook
A Wall St. sign is seen outside of the New York Stock ExchangeNEW YORK (Reuters) - Wall Street was set for a lower open on Wednesday on mounting concerns over Greece's future in the euro zone and as a weaker-than-expected revenue forecast from computer maker Dell weighed on investor sentiment. Euro zone officials have agreed that each euro zone country must prepare an individual contingency plan in the eventuality that Greece decides to leave the single currency area. The agreement was reached during a teleconference of the Eurogroup Working Group, which lasted for about an hour on Monday. Dell Inc shares fell 14 percent to $12. ...
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Doubts over EU summit send world shares, euro lower
LONDON (Reuters) - World shares fell and Germany sold two-year bonds paying no interest on Wednesday as investors shunned riskier assets, doubting that any new measures to tackle the euro-zone debt crisis would emerge from a European leaders' summit. U.S. stock index futures pointed to a lower open on Wall Street. Speculation the latest EU summit will fail to reach any substantive agreement to resolve the crisis, or avert a Greek exit from the euro, sent the single currency to a 21-month low, put an end to a rally in European equities and lifted yields on Spanish and Italian bonds. ...
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TEXT-S&P summary: Cambridge Industrial Trust
(The following statement was released by the rating agency) May 23 - =============================================================================== Summary analysis -- Cambridge Industrial Trust -------------------- 23-May-2012 =============================================================================== CREDIT RATING: BBB-/Stable/-- Country: Singapore Primary SIC: Real estate investment trusts =============================================================================== Credit Rating History: Local currency Foreign currency 13-Jul-2006 BBB-/-- BBB-/-- ...
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Wall St ends flat after late volatility
NEW YORK (Reuters) - U.S. stocks closed mostly flat on Tuesday after volatilility late in the session, with weakness in materials and energy shares offsetting strength in financials. Shares traded higher for much of the session on the back of an unexpectedly strong read on existing home sales, which lifted banks. But those gains dissipated in the last half hour of trading, with Wall Street briefly turning solidly negative before staging a rebound. ...
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Guessing game begins over next Treasury chief
Geithner takes a tour of the Marlin Steel Wire Products factory in Baltimore, MarylandWASHINGTON (Reuters) - Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis. It's a tall order, especially when the new Treasury chief also must deal with a fractious Congress - and all for a salary lower than that paid to many junior Wall Street bankers. ...
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Zuckerberg earns $1bln from sale of Facebook shares post IPO
Washington, May 23 (ANI): Facebook founder Mark Zuckerberg has pocketed 1.1 billion dollars after floating his company on the US stock market.
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Nasdaq admits it put wrong fix for Facebook IPO glitch
NEW YORK (Reuters) - Nasdaq OMX Group Inc admitted in a call with its member brokerage firms on Tuesday that it put the wrong fix for a technical glitch related to Facebook's IPO in place on Friday, which led to trading disruptions for much of the day. Nasdaq believed it had the correct solution to fix the problem that delayed trading in the stock for thirty minutes, Eric Noll, Nasdaq's head of transaction services, said in a statement to Reuters. ...
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Investors sue Nasdaq, Facebook over IPO
(Reuters) - Nasdaq OMX Group Inc has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc shares following its initial public offering, causing losses for investors. In addition, a different civil lawsuit was filed against Facebook, Mark Zuckerberg, IPO underwriters Morgan Stanley & Co and others alleging violations of securities laws. ...
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