Archive for December 27th, 2012

U.S. stocks cut most losses; yen hits two-yr low

December 27, 2012
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NEW YORK (Reuters) – U.S. stocks recovered from sharp losses to end only slightly lower on Thursday after the U.S. House of Representative said it would come back to work this weekend in a last-ditch effort to avoid the “fiscal cliff,” while the yen hit a two-year low on expectations of bold monetary stimulus...
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AP IMPACT: Ordinary folks losing faith in stocks

December 27, 2012
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NEW YORK (AP) — Andrew Neitlich is the last person you’d expect to be rattled by the stock market.
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Reid: U.S. is poised to go off fiscal cliff

December 27, 2012
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Reid: U.S. is poised to go off fiscal cliff

Senate Majority Leader Harry Reid (R) (D-NV) hugs Speaker of the House John Boehner as Senate Minority Leader Mitch …With a deal to avert the so-called “fiscal cliff” nowhere in sight, Senate Majority Leader Harry Reid on Thursday predicted a compromise would not be reached in time to avert the tax increases and automatic spending...
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Jobless claims fall to lowest level in nearly five years

December 27, 2012
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WASHINGTON (Reuters) – U.S. consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been a growing sense of optimism about the economy.
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Market wavers on jobless claims, fiscal cliff

December 27, 2012
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NEW YORK (AP) — The stock market struggled for direction Thursday morning as investors were torn between encouraging news about a decline in claims for unemployment benefits and discouraging signs that a budget impasse in Washington is far from being solved.
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Stocks inch higher as fiscal deadline nears

December 27, 2012
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NEW YORK (AP) — Stocks are edging higher on Wall Street as hopes dim that a budget deal will be reached before a deadline at the end of the year.
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Winter storm whips into Northeast

December 27, 2012
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CONCORD, N.H. (AP) — The death toll from a powerful winter storm that pushed through the nation’s midsection into the Northeast has risen to 7.
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Former President George H.W. Bush in intensive care

December 27, 2012
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Former President George H.W. Bush continues to fight a stubborn fever in the intensive care unit at Houston Methodist Hospital.
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Asian shares up with eye on "fiscal cliff"; yen slips more

December 27, 2012
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TOKYO (Reuters) – Asian shares rose on Thursday amid caution as U.S. lawmakers prepared to resume negotiations to avoid a fiscal crunch by December 31, while the yen hit a 21-month low against the dollar on the prospect of drastic monetary easing and massive state spending.
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Stocks slip back in thin post-holiday trade

December 27, 2012
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LONDON (Reuters) – Britain’s top share index slipped back in early trade on Thursday as traders returned to work after a two-day festive break, tracking overnight falls on Wall Street and with all eyes staying on key U.S. budget talks.
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