Archive for February 1st, 2013

Dow ends above 14,000 for the first time since 2007

February 1, 2013
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By Angela Moon NEW YORK (Reuters) – Stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy’s recovery remains on track.
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Hillary Clinton formally resigns from State

February 1, 2013
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WASHINGTON (AP) — Hillary Rodham Clinton formally resigned Friday as America‘s 67th secretary of state, capping a four-year tenure that saw her shatter records for the number of countries visited.
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Dow ends above 14,000 for 1st time since Oct 2007

February 1, 2013
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NEW YORK (AP) — The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy.
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News Corp names more senior executives in prep for split

February 1, 2013
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(Reuters) – Soon-to-be publishing company News Corp named William Lewis, one of the executives who dealt with the aftermath of the phone hacking scandal, as chief creative officer.
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Suicide blast near U.S. embassy kills 2

February 1, 2013
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ANKARA, Turkey (AP) — A suspected suicide bomber detonated an explosive device at the entrance of the U.S. Embassy in the Turkish capital on Friday, killing himself and one other person, officials said.
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Unemployment rises, economy sluggish

February 1, 2013
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The unemployment rate rose from 7.8 in December to 7.9 percent in January, but the economy added 157,000 new jobs last month, according to the U.S. Bureau of Labor Statistics’ monthly report released Friday morning.
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Mattel disappoints in holiday quarter; shares fall

February 1, 2013
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(Reuters) – Mattel Inc missed Wall Street’s profit and sales estimates for the fourth quarter on weak demand for its mainstay Barbie dolls and movie-themed toys in a holiday season plagued by concerns about the U.S. economy.
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Generic competition, charges cut Merck Q4 profit

February 1, 2013
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Merck & Co.’s fourth-quarter profit fell 7 percent as generic competition slashed sales of its blockbuster allergy drug Singulair and the drugmaker took sizeable restructuring and acquisition charges. The company still beat Wall Street expectations.
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Explosion at Mexican oil giant kills 25

February 1, 2013
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MEXICO CITY (Reuters) – A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside.
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Columbia space shuttle tragedy: 10 years later

February 1, 2013
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