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Prices Rise After OPEC Says No New Deal On Oil Production

Posted June 8th, 2011 at 10:05 am (UTC-5)
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Members of the Organization of Petroleum Exporting Countries did not reach a new agreement on oil production quotas at Wednesday’s meeting in Vienna. Oil prices rebounded in New York and London after the news. Oil prices had been declining in anticipation that OPEC members might work out a deal to boost production. The OPEC nations […]

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European Stocks Lower in Midday Trading

Posted June 8th, 2011 at 7:50 am (UTC-5)
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European stock prices are lower in midday trading Wednesday. London’s Financial Times index is down 1.1 percent. The CAC-40 in Paris is down one percent and the DAX index in Frankfurt is down nearly 1.4 percent. In New York, the S&P futures contract is down six points, indicating a lower opening. Tokyo’s Nikkei index gained […]

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Asia Markets Close Mostly Higher

Posted June 8th, 2011 at 7:10 am (UTC-5)
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Major Asian stock markets closed mostly lower Wednesday. Tokyo’s Nikkei index gained nearly one-tenth of one percent to finish at 9,449. Hong Kong’s Hang Seng index lost one percent to finish the day’s trading at 22,662. Share prices were higher in Manila, Shanghai, and Wellington, but lower in Bangkok, Jakarta, Mumbai, Seoul, Singapore, Sydney and […]

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Japan’s Nikkei Makes Slight Gains

Posted June 8th, 2011 at 5:30 am (UTC-5)
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Japanese markets closed higher Wednesday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index gained nearly one-tenth of one percent to finish at 9,449. In currency trading, the dollar was selling at 79.91, a loss of nearly one-quarter of a yen from Tuesday. Gold is trading at $1,536.60 an ounce.

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Asian Stocks Mixed

Posted June 8th, 2011 at 4:30 am (UTC-5)
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Asian stock markets closed mixed Wednesday. Tokyo’s Nikkei index gained nearly one-tenth of one percent to finish at 9,449. Hong Kong’s Hang Seng index lost one percent to finish the day’s trading at 22,662. Share prices were higher in Manila, Shanghai, and Wellington, but lower in Sydney and Taiwan. In currency trading, the dollar was […]

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Japan’s Nikkei Makes Slight Gains

Posted June 8th, 2011 at 2:35 am (UTC-5)
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Japanese markets closed slightly higher Wednesday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index gained nearly one-tenth of one percent to finish at 9,449. In currency trading, the dollar was selling at 79.98 yen, a loss of just over one-tenth of a yen from Tuesday. The Taipei market was closed […]

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Bernanke: US Economic Recovery Slow, but Progressing

Posted June 7th, 2011 at 5:40 pm (UTC-5)
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The head of the U.S. central bank says the nation’s economic recovery has been “slower than expected” but the outlook for the second half of the year is more promising. In a speech Tuesday in Atlanta, Federal Reserve Chairman Benjamin Bernanke said the jobs situation remains “far from normal,” and that the recovery cannot be […]

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US Stocks Decline

Posted June 7th, 2011 at 4:25 pm (UTC-5)
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U.S. stock market indexes fell in Tuesday’s trading. The Dow Jones Industrial Average lost two-tenths of a percent to end at 12,071. The S&P 500 retreated one-tenth of a percent to hit 1,285 while the NASDAQ slid less than one-tenth of a percent to close at 2,702. European stock markets were higher at the close […]

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Crude Oil Prices Rise Slightly

Posted June 7th, 2011 at 4:10 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices rose 8 cents to close at $99.09 a barrel. Coffee prices gained 3 cents to finish at $2.63 per pound. Copper prices rose one cent to end the day’s trading at $4.14 a pound. Cocoa futures advanced $28 […]

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NBC Wins Olympic Broadcast Rights Through 2020

Posted June 7th, 2011 at 3:35 pm (UTC-5)
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NBC will remain the U.S. television broadcast network for the Olympics through the 2020 Games. NBC has broadcast every Summer Olympics since 1988 and every Winter Games since 2002. The network won the bid for the four Olympics after next year’s London Games for a total of about $4.4 billion. The United States pays more […]

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