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→  January 24, 2012

NEW YORK | Tue Jan 24, 2012 11:23am EST NEW YORK (Reuters) – Stocks cut losses and the Nasdaq turned positive on Tuesday as equities continued to show resilience after a five-day rally, but investors were cautious as talks to resolve Greece’s debt crisis faltered. The Dow Jones industrial average .DJI dropped 34.47 points, or […]

Wall Street stalls at open after big run →  January 23, 2012

By Edward Krudy NEW YORK | Mon Jan 23, 2012 10:09am EST NEW YORK (Reuters) – Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.   Germany and France pressed for a rapid […]

Wall Street rises on bank results, but Google sinks late →  January 20, 2012

Stocks rose for the third straight day on Thursday, sparked by results from Bank of America and Morgan Stanley and as the latest jobless claims dropped to a near four-year low. The SP 500 hit a fresh five-month high, with the industrials, consumer discretionary stocks and financials leading gains. Tech shares advanced ahead of earnings […]

Yahoo co-founder Yang resigns →  January 18, 2012

SAN FRANCISCO (Reuters) – Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company. Yang’s abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new […]

Analysis: China developers launch funds to bridge finance gap →  January 16, 2012

BEIJING (Reuters) – China’s fledgling real estate investment fund market could see a surge of activity in 2012 as property developers launch their own vehicles in a desperate bid to bridge an estimated $111 billion financing gap in the year ahead. A government-led clampdown on bank, bond, equity and trust market financing for real estate […]

→  January 13, 2012

By Chikako Mogi TOKYO | Thu Jan 12, 2012 10:01pm EST TOKYO (Reuters) – Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day. […]

Wall Street ends near 5-month high before Europe test →  January 12, 2012

NEW YORK (Reuters) – Stocks held firm near recent five-month highs on Wednesday as investors awaited key bond market tests for Europe in the next two days that could determine the direction of the euro zone crisis. U.S. equities have been performing better in the face of turmoil from Europe’s sovereign debt problems. This is […]

Wall Street at 5-month high →  January 11, 2012

NEW YORK (Reuters) – Stocks climbed to a five-month high on Tuesday, led by materials stocks after an upbeat forecast by aluminum company Alcoa and strong gains in bank shares. Alcoa Inc (AA.N) posted revenue that topped expectations late Monday and gave a bullish outlook for the aluminum industry. The stock gave up early gains […]