Archive for August 25th, 2014

S&P 500 sets record high but fails to hold 2,000 mark

August 25, 2014
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By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by financials and biotechnology stocks.
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U.S. confident its $5 billion S&P lawsuit was not retaliation

August 25, 2014
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By Jonathan Stempel (Reuters) – The United States, which is suing Standard & Poor’s for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed in retaliation for a downgrade of the country’s debt.
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China’s BYD shares slip on weak H1 earnings, profit warning

August 25, 2014
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(Adds comments from analyst, earnings details)
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Australia shares dip on miners, Caltex helps pare losses

August 25, 2014
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* ASX 200 shares off 6-year highs, set to snap 7-sessiongain
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