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US Stocks Advance in Wednesday’s Trading

Posted August 31st, 2011 at 4:40 pm (UTC-5)
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U.S. stock indexes advanced strongly on Wednesday. The Dow Jones Industrial Average gained half a percent to close at 11,614. The S&P 500 also rose half a percent to end at 1,219 while the NASDAQ advanced one-tenth of a percent to hit 2,579. Stocks closed sharply higher in Europe. London’s Financial Times index ended up […]

Tags: , , , Posted in Economy

Oil Price Edges Down

Posted August 31st, 2011 at 4:40 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: Crude oil fell 9 cents to close at $88.81 a barrel. Coffee increased more than a penny to end at $2.89 per pound. Copper rose more than 6 cents to finish at $4.19 a pound. Cocoa futures advanced $11 to end […]

Tags: , , Posted in Economy

Gadhafi Son: Fight Will Continue Until Death

Posted August 31st, 2011 at 4:05 pm (UTC-5)
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One of former Libyan leader Moammar Gadhafi’s sons told a Syrian television station late Wednesday that he is in the suburbs outside Tripoli and that his father “is fine.” Seif al-Islam Gadhafi vowed that he and other family members will fight until death and said nobody will surrender. He told the pro-Gadhafi al-Rai television station […]

Tags: , , Posted in Middle East

Amnesty International Says Delegation Expelled From Ethiopia

Posted August 31st, 2011 at 3:45 pm (UTC-5)
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Amnesty International says a group of its delegates was expelled from Ethiopia this week after meeting with two opposition leaders who have since been arrested. The human rights group said Wednesday that a delegation of foreign members was told by Ethiopian officials August 27 to leave the country, after it held separate meetings with the […]

Tags: , , , , , Posted in Africa

Oil Price Edges Down

Posted August 31st, 2011 at 3:35 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Wednesday: Crude oil fell 9 cents to close at $88.81 a barrel. Coffee increased more than a penny to end at $2.89 per pound. Copper rose more than 6 cents to finish at $4.19 a pound. Cocoa futures advanced $11 to end […]

Tags: Posted in Economy

Austrian Police Detain Dozens of Illegal Immigrants

Posted August 31st, 2011 at 2:40 pm (UTC-5)
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Police in Austria have detained more than 50 illegal immigrants in two separate operations. During a routine border check, police stopped a small cargo van stuffed with 18 people, including an infant, as the vehicle attempted to cross into Austria from Hungary. The police arrested the Hungarian driver after finding Kurdish refugees from Turkey and […]

Tags: , , Posted in Europe

US Stocks Advance in Midday Trading Wednesday

Posted August 31st, 2011 at 2:10 pm (UTC-5)
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U.S. stock indexes advanced in midday trading Wednesday. The Dow Jones Industrial Average of 30 key stocks is up eight-tenths of one percent, while the broader S&P 500 is ahead nine-tenths of a percent. The technology-laden NASDAQ is up one-half of a percent. Stocks closed sharply higher in Europe. London’s Financial Times index ended up […]

Tags: , , , Posted in Economy

Nine Killed, More than 20 Wounded in Chechnya Suicide Attacks

Posted August 31st, 2011 at 1:55 pm (UTC-5)
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Russian officials say three suicide bombers killed at least nine people Tuesday, including seven policemen, in the Chechen capital, Grozny. The first bomber blew himself up when police tried to detain him near the parliament building in central Grozny. Two other suicide bombers set off their explosives near the same place about 20 minutes later, […]

Tags: , , , , Posted in Europe

Obama Plans Jobs Speech to Congress Next Week

Posted August 31st, 2011 at 1:25 pm (UTC-5)
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U.S. President Barack Obama says he will announce plans to promote jobs and economic growth in a speech to Congress next week. Mr. Obama on Wednesday asked congressional leaders to call a joint session of the Senate and House of Representatives for the speech on September 7. He said the country must deal with “unprecedented […]

Tags: , , Posted in Economy, US

European Union Expected to Lift Libya Oil Sanctions

Posted August 31st, 2011 at 1:25 pm (UTC-5)
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European Union diplomats say sanctions against several Libyan ports, oil companies and more than a dozen other entities could be lifted as soon as Friday. The EU’s 27 members reached a preliminary agreement Wednesday in an effort to help Libya’s National Transitional Council resume normal economic activity. Diplomats say they expect a final agreement on […]

Tags: , , Posted in Economy, Middle East