German Econ Min: U.S. FED Is Also Active In Currency Mkts Last update — Dow Jones
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German Econ Min: U.S. FED Is Also Active In Currency Mkts Last update — Dow Jones
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Apple product maker Foxconn promises 20% wage hike to stop worker suicides. Wages will be hiked from $131 per month to $157. What does this mean for Apple’s margins and the price of iPad, iPhone, iPod?
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Shell is plunking $4.7 billion into East Resources, a U.S. privately-held shale gas company. Shell will now account for about 20% of U.S. natural gas production.
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The bulls are blowing it… Markets turn negative. Dow off 40. NASDAQ off .5%
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BREAKING: BP gets government go-ahead to proceed with Operation Top Kill.
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Italy lets loose with $30 billion in budget cuts. It’s ‘a good start’. Riots in 3..2…1…
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Major indices ONLY down 1.1% with an hour to go in trading.
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Are prostitutes to blame for the Chinese property bubble? Asia Times explores the question.
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Geithner’s going to Germany to beg Angela Merkel to save Europe and stop saying stupid things that freak the markets out.
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Good news: Spain holds successful bond auction after shaky one earlier in the week.
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“Symantec Corp. is close to a deal to acquire a unit of VeriSign Inc. for about $1.3 billion,” the WSJ reports.
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GE to raise dividend soon, CEO Immelt strongly implies to 24/7 Wall St.
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Rumors circulating about big expansion of Greek bailout package. Read more at ForexLive.
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Greek two-year bonds keep routing, now at 14.23% yield according to Bloomberg. Ten-year bonds are yielding 9.48%.
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New paper confirms that at least at the race track, longshots are a bad bet.
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HTC passes on buying Palm (PALM), now hope turns to Lenovo. (Not all that many options left, though). Meanwhile, Palm CEO Jon Rubinstein is doing his best to try to say that company won’t be completely screwed if a buyer can’t be found.
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German business leaders clearly aren’t disturbed by Greece woes, since their business confidence just hit a 2-year high.
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