Archive for March 5th, 2013

Dow hits record, erasing Great Recession losses

March 5, 2013
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NEW YORK (AP) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average has regained all the losses suffered during the Great Recession and...
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China bets, U.S. data lift Dow to record; oil up

March 5, 2013
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NEW YORK (Reuters) – The Dow Jones Industrial Average closed at a historic high on Tuesday as major world stock markets rallied after China pledged record government spending to boost growth and data showed the U.S. service sector expanding at its fastest pace in a year.
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Kerry: Iran closer to nuclear weapons

March 5, 2013
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At the end of his first overseas trip as Secretary of State, John Kerry acknowledged that despite the continued diplomacy and tough sanctions being leveled against Iran, the regime continues to get closer to possessing a nuclear weapon.
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U.N. nearing tough new sanctions for N. Korea

March 5, 2013
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UNITED NATIONS (AP) — The world moved closer Tuesday to tightening sanctions on North Korea for its latest nuclear test after U.N. diplomats said the United States and China had reached agreement on a new draft resolution to punish the country. In response, Pyongyang threatened to cancel the 1953 cease-fire that ended the Korean...
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New Driver Contracts Encourage Good Driving Habits

March 5, 2013
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New Driver Contracts Encourage Good Driving Habits

Getting a driver’s license is a major milestone in a teenager’s life. While driving a car cause for celebration, it is also a huge responsibility that should not be taken lightly. As a parent, you understand that; the trick is often to get teenagers to understand that as well. That is why when you...
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Glencore sees sharp fall in 2012 earnings

March 5, 2013
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BERLIN (AP) — Commodities trader Glencore‘s net earnings fell 75 percent last year due to weaker sales prices and charges related to its holding in Russian aluminum maker UC Rusal, the company said Tuesday as it prepares to merge with mining company Xstrata PLC.
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Foreigners shun Thai stocks for now despite rally, sound economy

March 5, 2013
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BANGKOK, March 5 (Reuters) – Overseas investors who helped make the Thai stock market the best performing in Southeast Asia
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Hugo Chavez’s condition worsens

March 5, 2013
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CARACAS, Venezuela (AP) — President Hugo Chavez is breathing with greater difficulty as a new and severe respiratory infection has taken hold, Venezuela’s government said, describing the cancer-stricken president’s condition as “very delicate.”
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U.S., China agree on N. Korea sanctions

March 5, 2013
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UNITED NATIONS (AP) — The United States and China have reached agreement on a new draft sanctions resolution to punish North Korea for its latest nuclear test, U.N. diplomats said late Monday.
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S.Africa’s FirstRand H1 earnings jump 29 pct

March 5, 2013
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JOHANNESBURG (Reuters) – South Africa‘s second-biggest bank, FirstRand, reported a 29 percent jump in first-half profit on Tuesday as earnings from lending and fees both grew by double digits.
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