Archive for December 5th, 2012

Stocks gain, led by banks; Apple holds down Nasdaq

December 5, 2012
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NEW YORK (AP) — Stocks were higher on Wall Street Wednesday as gains for financial companies and optimism about the Chinese economy offset news that U.S. business added fewer jobs last month.
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NYSE Euronext to open European small firms market

December 5, 2012
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LONDON, Dec 5 (Reuters) – NYSE Euronext plans to launch a European stock market for smaller firms next year, as
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NASA lost in space, expert panel says

December 5, 2012
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WASHINGTON (AP) — NASA is adrift without a coherent vision for where it should be going, an independent panel of space, science and engineering experts says.
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Citigroup cutting 11,000 jobs worldwide

December 5, 2012
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By David Henry and Rick Rothacker REUTERS – Citigroup Inc (NYS:C), which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses.
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TEXT-S&P Says Regional Gas Pricing Is Likely To Stay For Few Years

December 5, 2012
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SINGAPORE (Standard & Poor’s) Dec. 5, 2012–Structural and regulatory factors are likely to keep gas prices regionalized
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Asian shares rise on China hopes, U.S. budget worries linger

December 5, 2012
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TOKYO (Reuters) – Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
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Obama firm on ‘fiscal cliff’ amid GOP disarray

December 5, 2012
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WASHINGTON (Reuters) – President Barack Obama held his ground on the “fiscal cliff” on Tuesday, insisting on higher tax rates for the wealthiest Americans, while Republicans showed increasing disarray over how far they should go to compromise with Obama‘s demands.
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Deal reached to end costly strike at L.A. ports

December 5, 2012
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LOS ANGELES (AP) — Negotiators reached an agreement late Tuesday to end an eight-day strike that crippled the nation’s largest port complex and prevented shippers from delivering billions of dollars in cargo to warehouses and distribution centers across the country.
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New York regulator yet to approve Ocwen’s two recent deals: WSJ

December 5, 2012
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(Reuters) – New York’s top state bank regulator is yet to approve Ocwen Financial Corp‘s recent agreements to buy two mortgage servicing firms as a result of concerns about what it says are unfair loan practices, the Wall Street Journal reported.
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Wall Street slips as investors seek cliff progress

December 5, 2012
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NEW YORK (Reuters) – Stocks finished slightly lower in a quiet session on Tuesday as the back-and-forth wrangling over the “fiscal cliff” gave investors little reason to act.
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