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Yahoo! News: Stock Markets News Fri, 05 Sep 2008 22:10:45 GMT |
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GE may face civil action on securities violations
(AP)
- AP - General Electric Co. said Friday it has been informed that the Securities and Exchange Commission may recommend fines and other action for possible violations of securities law related to accounting changes the company made.
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Stocks mostly rise as investors snap up financials
(AP)
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AP - Wall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some mild bargain hunting that gave the market some modest gains. The major indexes ended the week with big declines, a sign that investors, who not long ago expected the economy to improve, are now growing increasingly discouraged.
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GE gets "Wells notice" in SEC accounting probe
(Reuters)
- Reuters - General Electric Co said on
Friday it had been notified by U.S. regulators that a civil
complaint could be filed against the company following a more
than three-year-long probe into its use of hedge accounting for
derivatives and other accounting matters.
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GE says SEC probing possible securities violations
(AP)
- AP - General Electric Co. says the Securities and Exchange Commission staff has notified the company it may recommend fines and other action for possible violations of securities laws.
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InfoGroup no longer faces delisting from Nasdaq
(AP)
- AP - Database provider InfoGroup Inc. said Friday it no longer faces the threat of being delisted, but the Nasdaq plans to reprimand the firm publicly.
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Toronto stocks make tiny gain as resources rise
(Reuters)
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Reuters - The Toronto Stock Exchange's main index
just managed to end on the plus side on Friday, following a
sharp three-day losing streak, as gains by resource and
consumer issues offset worries over the outlook for the global
economy.
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Dow, S&P end higher on financials, down for week
(Reuters)
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Reuters - NEW YORK (Reuters) -The broader U.S. stock market edged
higher on Friday, but still posted its worst week since May, as
a rally in financial stocks helped reverse losses sparked by a
government report showing the U.S. jobless rate rose to a
five-year high.
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Wall Street bounces back from dismal jobs report
(AFP)
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AFP - Wall Street shares recovered from steep early losses and finished mostly higher Friday as the market was able to shake off a jump in unemployment that sparked renewed fears of a US recession.
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On London: Scant comfort to be found in the pound's current decline
(FT.com)
- FT.com - Sterling's decline against the dollar showed no signs of slowing this week, but what was more interesting was the reaction of the London market. The FTSE 100 fell 7.1 per cent - its worst weekly performance in percentage terms in more than six years - turning on its head the idea that the UK market performs well during periods of dollar strength.
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On Wall Street: Bleak reality of US stock markets
(FT.com)
- FT.com - One of Wall Street's tenuous beliefs is to sell stocks in May and not to return to the market until late October.
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London shares end week sharply lower
(AFP)
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AFP - The FTSE ended the week sharply lower Friday, with miners suffering the biggest losses amid ongoing concerns over the global economy and disappointing US jobless data.
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World markets sink after Wall Street plunge
(AP)
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AP - World stock markets fell sharply Friday in the wake of a sell-off on Wall Street amid mounting concerns about a slumping U.S. economy and its impact on global growth.
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Global shares slide on economy fears
(AFP)
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AFP - World stock markets tumbled Friday on a weak outlook for the global economy following further disappointing US and European data, dealers said.
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US stocks fall on poor retail sales figures
(FT.com)
- FT.com - A battered financial sector led Wall Street into bear market territory on Thursday, as Bill Gross, manager of the bond fund Pimco, warned that a "financial tsunami" could ensue if the government failed to support markets.
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Wall Street, funds urge SEC to keep ratings in rules
(Reuters)
- Reuters - Securities regulators are locking
horns with some of America's most powerful mutual funds and
Wall Street players over plans to scrap requirements that money
market funds hold investment-grade securities.
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ECB holds interest rates, slashes growth forecasts
(AFP)
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AFP - The European Central Bank kept its key lending rate unchanged on Thursday and slashed its growth forecasts for this year and next, sending stock markets and the euro into tailspins.
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European shares mostly lower before interest rate calls
(AFP)
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AFP - Share prices fell sharply in Frankfurt and Paris on Thursday ahead of European Central Bank president Jean-Claude Trichet's press conference due after the central bank's latest call on interest rates.
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Hong Kong considers ban on fishing trawlers: report
(AFP)
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AFP - Hong Kong is considering banning fishing trawlers in its waters to save fish stocks, a report said Thursday. The drastic proposal comes as annual catches were estimated to be 30 percent above sustainable levels, the South China Morning Post said, citing a consultation paper from the Food and Health bureau.
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German fertiliser group KS joins blue-chip DAX index
(AFP)
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AFP - German fertiliser group K+S will join the DAX 30 index of blue-chip stocks, reflecting its growing business as prices for commodities and foods rise globally.
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2 Wall St. brokers accused of $1B subprime fraud
(AP)
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AP - A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were protected by the federal government.
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