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Falling oil lifts Wall St to highest since 2008 →  February 28, 2012

NEW YORK (Reuters) – The benchmark SP 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session as oil prices retreated after a recent rally and data showed further improvement in the U.S. housing market. The SP and the Nasdaq both eked out gains, while the Dow closed barely […]

→  February 27, 2012

By Tom Bergin and Jonathan Stempel LONDON/NEW ORLEANS | Mon Feb 27, 2012 1:57am EST LONDON/NEW ORLEANS (Reuters) – The trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of […]

→  February 26, 2012

By Dave Graham and Tetsushi Kajimoto MEXICO CITY | Sun Feb 26, 2012 4:06am EST MEXICO CITY (Reuters) – The world’s leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at […]

→  February 25, 2012

By Rodrigo Campos NEW YORK | Fri Feb 24, 2012 6:56pm EST NEW YORK (Reuters) – The SP 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery. The broad index has risen more […]

→  February 24, 2012

By Rodrigo Campos NEW YORK | Thu Feb 23, 2012 7:35pm EST NEW YORK (Reuters) – Wall Street stocks rose on Thursday after data showed the U.S. labor market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers. In an upbeat note […]

S&P fails to break key level →  February 22, 2012

NEW YORK (Reuters) – Banks led stocks lower on Wednesday as the SP 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas. The Dow Jones industrial average .DJI was down 26.72 points, or 0.21 percent, at 12,938.97. The Standard Poor’s 500 Index .SPX was down 4.57 […]

→  February 21, 2012

By Caroline Valetkevitch NEW YORK | Tue Feb 21, 2012 3:23pm EST NEW YORK (Reuters) – Stocks dipped on Tuesday as shares pulled back after the Dow breached 13,000 for the first time since May 2008, the latest big move in stocks’ recent rally. Greece’s securing a bailout to avoid a disorderly default initially supported […]

→  February 20, 2012

By Caroline Valetkevitch NEW YORK | Sun Feb 19, 2012 6:16pm EST NEW YORK (Reuters) – If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs. Even with a Greece deal now in […]

→  February 19, 2012

TEHRAN | Sun Feb 19, 2012 12:10pm EST TEHRAN (Reuters) – Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state’s lifeblood, oil. “Exporting crude to British and French companies has been stopped … we will sell […]

→  February 18, 2012

By Chuck Mikolajczak NEW YORK | Fri Feb 17, 2012 9:22pm EST NEW YORK (Reuters) – U.S. stocks edged higher on Friday, but investors stayed cautious before a long holiday weekend when hopes are set for Greece’s bailout plan to be approved. The SP ended its sixth positive week out of seven so far in […]