Showing Archived Posts

Luggage Maker Seeks to Raise $1.5 Billion from HK Share Sale

Posted June 2nd, 2011 at 10:45 am (UTC-5)
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Samsonite — the world’s largest luggage maker — says it plans to raise up to $1.5 billion from a share sale in Hong Kong, in a move that joins the company with other global retailers seeking to attract investor interest in China. The company said Thursday it will sell about 671 million shares — about […]

US Stocks Rise

Posted June 2nd, 2011 at 9:45 am (UTC-5)
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U.S. stock market indexes rose in Thursday’s early trading. The Dow Jones Industrial Average and the S&P 500 moved up one-tenth of a percent while the NASDAQ gained two-tenths of a percent. European stock markets were lower in afternoon trading. London’s Financial Times 100 index lost eight-tenths of a percent, the CAC 40 in Paris […]

Tags: , , , Posted in Economy

US Jobless Claims Fall Slightly

Posted June 2nd, 2011 at 9:40 am (UTC-5)
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The number of Americans signing up for unemployment compensation dropped slightly last week. Thursday’s report from the Labor Department showed a decline of 6,000 first-time applications. The decrease leaves the nationwide total of people applying for jobless aid at 422,000, higher than the level seen in a healthy job market. Government experts plan to publish […]

Tags: , Posted in Economy

European Stocks Lower in Midday Trading

Posted June 2nd, 2011 at 7:45 am (UTC-5)
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European stock prices are lower in midday trading Thursday. London’s Financial Times index is down seven-tenths of a percent . The CAC-40 in Paris is down 1.1 percent , and the DAX index in Frankfurt is down one percent . In New York, the S&P futures contract is up three points, indicating a higher opening. […]

Tags: , , , Posted in Economy

Asia Markets Close Mostly Lower

Posted June 2nd, 2011 at 7:05 am (UTC-5)
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Major Asian stock markets closed mostly lower Thursday. Tokyo’s Nikkei index dropped nearly one and three-quarter percent to finish at 9,555. Hong Kong’s Hang Seng index lost just over one and one-half percent to finish the day’s trading at 23,254. Share prices were also lower in Bangkok, Mumbai, Seoul, Shanghai, Singapore, Sydney, Taipei and Wellington, […]

Tags: , Posted in Economy

Sony Restores PlayStation Network to Much of Wired World

Posted June 2nd, 2011 at 6:05 am (UTC-5)
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Japanese entertainment giant Sony says it will restore service Thursday to its popular online gaming service in the Americas, Europe and parts of Asia. The action comes more than a month after the service was shut down due to a cyberattack. Sony closed the global PlayStation Network on April 20 after hackers gained access to […]

Japan’s Nikkei Plunges

Posted June 2nd, 2011 at 5:50 am (UTC-5)
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Japanese markets closed lower Thursday, while the U.S. dollar is slightly lower against the Japanese yen. Tokyo’s Nikkei index dropped nearly one and three-quarter percent to finish at 9,555. In currency trading, the dollar was selling at 80.90, a loss of one-fifth of a yen from Wednesday. Gold is trading at $1,540.89 an ounce.

Tags: , Posted in Economy

Asian Stocks Mostly Lower

Posted June 2nd, 2011 at 4:35 am (UTC-5)
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Asian stock markets closed mostly lower Thursday. Tokyo’s Nikkei index dropped nearly one and three-quarter percent to finish at 9,555. Hong Kong’s Hang Seng index lost just over one and one-half percent to finish the day’s trading at 23,254. Share prices were also lower in Shanghai, Sydney, Taipei and Wellington, but higher in Manila. In […]

Tags: , , Posted in Economy

Japan’s Nikkei Plunges

Posted June 2nd, 2011 at 2:25 am (UTC-5)
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Japanese markets closed lower Thursday, while the U.S. dollar is virtually unchanged against the Japanese yen. Tokyo’s Nikkei index dropped nearly one and three-quarter percent to finish at 9,555. In currency trading, the dollar was selling at 80.93 yen. The Taipei market closed at 8,991, a loss of more than three-quarters of one percent .

Tags: , , Posted in Economy

Moody Downgrades Greece’s Rating

Posted June 1st, 2011 at 7:45 pm (UTC-5)
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Moody’s Investors Service has downgraded Greece’s local and foreign currency bond ratings again, putting the country’s chances of default over the next five years at 50 percent. The agency announced Wednesday that it has cut the country’s credit rating by three more notches , to push the rating deeper into junk status. A lower credit […]

Tags: , Posted in Economy, Europe

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