Archive for October, 2013

Wall Street gets ready to trade defaulted U.S. debt

October 5, 2013
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By Jason Lange WASHINGTON (Reuters) – While most on Wall Street continue to believe it very unlikely the United States will default on its debt later this month, banks and securities firms are already gearing up for how to handle any U.S. Treasuries tainted by missed payments.
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Gamblers not waiting for Twitter IPO to bet on valuation

October 5, 2013
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By Julia Edwards NEW YORK (Reuters) – Though Twitter’s first day on the stock market is probably still months away, a handful of international gamblers aren’t waiting for the official debut and are already laying bets on how much the social media site will be worth.
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News Summary: Stocks sag on shutdown, weak hiring

October 3, 2013
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DAY TWO: The stock market opened sharply lower on the second day of a partial shutdown of the U.S. government. It recouped some of the loss following news that President Barack Obama had summoned Congressional leaders to the White House for talks. The Dow Jones industrial average fell as much as 147 points in...
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Wall Street ends lower on worries of prolonged shutdown

October 3, 2013
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By Angela Moon NEW YORK (Reuters) – Wall Street retreated on Wednesday, the second day of a partial U.S. government shutdown, as political wrangling in Washington raised investor concerns that the stoppage could be prolonged.
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