Formal floor debate on an overhaul of the health insurance system began Monday in the Senate. Majority Leader Harry Reid is seeking the 60 votes needed for passage. Elsewhere, President Obama prepared to publicly announce his new Afghanistan strategy on Monday, while the administration ...
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Asian markets were sharply higher on Monday, as Japan gained more than 260 points. Hong Kong surged more than 685 points, while China put on almost 100 points. South Korea added more than 30 points to end a two-day losing streak, while Taiwan gained more than 90 points to snap a two-day slide. A...
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Global investors dropped high-risk investments after a Dubai holding company raised concerns that there are still problems in the world credit system. Dubai World set off an alarm after asking for a standstill on its $60 billion in debts. The news came as a shock as the state-run company...
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Stocks are showing weakness on this Cyber Monday as investors weigh upbeat retail news against last week’s Dubai crisis that sent the market plummeting on Friday. Global markets are still looking at Dubai World’s request for a hold on its $60 billion debt. Economists will look to the latest read ...
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Industry data shows that Black Friday sales rose modestly from a year ago. The results weren’t particularly strong though, given last year’s dismal sales. They did however ease fears that the rising unemployment rate would lead to a sales decline.
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Midwest manufacturing activity showed further improvement in November. Industry statistics showed another month of growth. The expansion was stronger than economists predicted, and the second consecutive month of growth in over a year.
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European stocks slipped Monday as Dubai credit concerns still weighed on investor confidence. The UK and Germany both slipped a little more than 1 percent. Meanwhile France led the way lower, falling 1.1 percent.
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Twilight: New Moon, the latest movie in the mega-popular Twilight series, helped to lead the best Thanksgiving weekend at movie box-offices ever, raking in $42.5. In other news, ABC has confirmed that it has taped an in-depth interview with Chris Brown for a 20/20 broadcast on December 11 and Da...
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European stocks rebounded after falling considerably below the unchanged line earlier in the day on financial news out of Dubai. Dubai World’s request for a hold on its global debt did not prove severe enough to keep sentiment low. Asian markets dove headfirst into negative territory as the Dubai...
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Iran has once again defied the United Nations after announcing plans to build an additional 10 nuclear facilities. Yesterday’s presidential election in Uruguay went to an ex-Marxist guerrilla fighter, Jose Mujica. In Europe, Scotland’s minority government has officially launched its bid...
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The markets ended “Cyber Monday in the green after a choppy day of trading. Manufacturing activity in the mid-west grew more than expected in November. Meanwhile, The Dubai financial crisis remained in focus after the country’s central bank pledged to help lenders affected by Dubai Worl...
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Stocks are sinking Friday as financial news out of Dubai weighs on the markets. One of Dubai’s holding companies asked creditors for a six-month “standstill” on its $60 billion in debts. Retailers will be in focus this Black Friday as shoppers pack the stores looking for the best deals. ...
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