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TradersWorkToEraseYesterdaysLosses
From: RTTNews.com on Wed, May 25 2011 1:38 PM
All three majors are posting gains midday despite a drop in durable goods orders. The Treasury Department basically broke even this week after selling its stock of AIG. Martha Stewart will rejoin her company’s board. Costco said a rise in gasoline sales actually hurt its profit margins i...
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FrenchFinanceMinisterEyesIMFJobDemocratsWinNYDistrict
From: RTTNews.com on Wed, May 25 2011 11:42 AM
While Dominique Strauss Kahn awaits his trial, the French Finance Minister is ready to grab the reins at the I-M-F. President Obama spoke to the British Parliament today. Democrats came out victorious in yesterday’s special election for Western New York. And the United States is imposin...
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MajorsInRedWednesdayAsInvestorBuckDisappointingData
From: RTTNews.com on Wed, May 25 2011 11:42 AM
Stocks are diving into the red Wednesday as investors buck the latest read on the economy. Orders for big ticket manufactured items sank in April. US mortgage applications edged higher last week. France’s Finance Minister Christine Lagarde has officially thrown her hat into the ring to become the...
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TensionsHighAsNetanyahuObamaOpenWhiteHouseTalks
From: RTTNews.com on Sat, May 21 2011 3:31 AM
Israeli PM Benjamin Netanyahu entered White House talks with President Obama Friday, on the heels of Obama remarks calling for the restoration of pre-1967 borders between Israel and Palestine. In Syria, the deadly crackdown against anti-government protestors continued, while in Iowa, former Minn...
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ObamaNetanyahuToMeetStraussKahnLeavesCell
From: RTTNews.com on Fri, May 20 2011 11:18 AM
President Obama and Israel Prime Minister Netanyahu will meet at the White House, just a day after Obama threw a wrench into their relationship. Meanwhile, members of Congress are angry with Obama for sidestepping them in his quest to bring Democracy to Libya. Former I-M-F Chief Dominique Straus...
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InvestorsPlayItSafeOnFridayTheThirteenth
From: RTTNews.com on Fri, May 20 2011 4:58 AM
Investors are playing it safe on this Friday the thirteenth. The majors are mixed at the start. Consumer prices continued to rise in April, signaling higher inflation. In corporate news, the rivalry between Facebook & Google is heating up. Nvidia headlines a light earnings slate. Meanwhile, Wal-...
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MarketClosesHigherThursday
From: RTTNews.com on Thu, May 19 2011 6:35 PM
The market closed higher despite a choppy session. The economy is headed for potholes in the future. The number of people filing for first time unemployment benefits dropped more than expected last week. LinkedIn made a stunning market debut today. Meanwhile, a New York Supreme Court ju...
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CallsMountingForStraussKahnToResignIMFPost
From: RTTNews.com on Tue, May 17 2011 5:19 PM
Austria’s Finance Minister Tuesday called for jailed International Monetary Fund chief Dominique Strauss-Kahn to resign. Strauss-Kahn is under arrest in New york on sexual assault charges. In Eqypt, ousted president Hosni Mubarak is pleading to the public for leniency, while in the U.S., Congres...
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DisappointingDataDragsStocksLowerAtStartTuesday
From: RTTNews.com on Tue, May 17 2011 11:12 AM
Disappointing data is dragging the market lower Tuesday morning. New home construction plunged 10.6% in April. Meanwhile, activity at the nation’s mines, factories, and utilities showed no change in April, missing economists' estimates. It's a busy day on the earnings front. Wal-Mart...
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HomeDepotWalMartReportBeforeOpenTuesday
From: RTTNews.com on Tue, May 17 2011 6:26 AM
TJX Companies, Home Depot and Wal-Mart Stores will report quarterly earnings before the start of trading. Housing starts data is coming at 8:30 a.m. ET. A rise to 563,000 in the month of April.Industrial production data is coming at 9:15 a.m. ET. And Analog Devices and Dell report earnings resul...
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IMFHeadFacesSexualAssaultChargesHuckabeeDropsOut
From: RTTNews.com on Mon, May 16 2011 12:39 PM
The head of the International Monetary Fund is due to court today for sexual assault charges. Treasury Secretary Timothy Geithner says there are loopholes to give lawmakers about 11 more weeks to negotiate before defaulting on its loans. President Obama announced new plans to speed up drilling fo...
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RBLegendEttaJamesHospitalizedForBloodInfection
From: RTTNews.com on Mon, May 16 2011 12:39 PM
R&B legend Etta James has been hospitalized for sepsis. NBC will add 12 new shows to its fall lineup. "Sister, Sister" star Tamera Mowry tied the knot over the weekend at a Napa Valley vineyard. In other celebrity headlines, "The Office" star Jenna Fischer is pregnant.
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StocksInRedMonday
From: RTTNews.com on Mon, May 16 2011 11:11 AM
There is a pessimistic tone on the street, following some disappointing manufacturing data. Activity drastically slowed in New York state earlier this month. Lowe’s has slashed its full year outlook following disappointing first quarter earnings. However, JC Penney beat the street with its repor...
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NYManufacturingDrasticallySlowsInMayNasdaqICEPullNYSEEuronextBid
From: RTTNews.com on Mon, May 16 2011 11:11 AM
Manufacturing activity drastically slowed in New York state earlier this month. The Nasdaq and Intercontinental Exchange are withdrawing their $11 billion bid for the NYSE Euronext. Lowe’s has slashed its full year outlook following disappointing first quarter earnings. In other corporate news, ...
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InvestorsPlayItSafeOnFridayTheThirteenth
From: RTTNews.com on Fri, May 13 2011 12:29 PM
Investors are playing it safe on this Friday the thirteenth. The majors are mixed at the start. Consumer prices continued to rise in April, signaling higher inflation. In corporate news, the rivalry between Facebook & Google is heating up. Nvidia headlines a light earnings slate. Meanwhile, Wal-...
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StocksReboundBeforeClose
From: RTTNews.com on Thu, May 12 2011 5:11 PM
The stock market landed in the green at the close, erasing earlier losses. Top executives from the nation’s biggest oil companies defended tax breaks in front of Congress this afternoon. But another government report showed that business inventories expanded by 1 percent in March. Mean...
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BigOilVsCongressUSFindsBinLadensJournals
From: RTTNews.com on Thu, May 12 2011 1:15 PM
Today five of the biggest oil companies will testify in front of the Senate Finance Committee on what’s happening in their industry. An American turned Islamist Militant fighter is promising to get revenge for Osama Bin Laden’s death. US officials found Bin Laden’s private journals. And ...
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StocksSnapRallyWednesday
From: RTTNews.com on Wed, May 11 2011 2:56 PM
Stocks snapped their winning streak, falling into the red at the start of trade. The deficit widened more than expected in March, according to the Commerce Department. U.S. mortgage applications rose last week, with exceedingly low interest rates fueling renewed demand for refinancing. ...
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NavyReversesCourseOnGayMarriage
From: RTTNews.com on Wed, May 11 2011 2:56 PM
The Navy reversed course late last night on gay marriage. Meanwhile, a handful of congressional members will be shown the photos of Bin Laden after he was killed. Indiana Governor Mitch Daniels signed a measure that cut funds to Planned Parenthood—making it the first state to do so. And Former H...
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MacysEarningsFedSpeakHighlightWednesdaySchedule
From: RTTNews.com on Wed, May 11 2011 6:15 AM
Macy’s, Gildan Activewear and Kelly Services are on the earnings docket before the open.Trade balance data is expected at 8:30 a.m. ET. Atlanta Federal Reserve Bank President Dennis Lockhart will give a speech in Atlanta at 12:20 p.m. ET. Cleveland Federal Reserve Bank President Sandra Pianalto ...
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