Archive for August, 2009

Msnbc.com launches new stock tools

In an effort to offer users a broad set of tools for tracking and researching their investments, msnbc.com is launching new stock quote pages.

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September is actually worst month for stocks

You might be surprised to know September is historically the worst month for the stock market.

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As Dow nears 10,000 again, does it matter?

It’s time to look in the closet for that crumpled Dow 10,000 cap.

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Pow! Disney to buy Marvel for $4 billion

The Walt Disney Co. says it is acquiring Marvel Entertainment Inc. for $4 billion in cash and stock, bringing characters like Iron Man and Spider-Man into the Disney family.

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Oilfield service provider Hughes buying rival

Oilfield services company Baker Hughes Inc. said it will buy BJ Services Co. in a cash-and-stock deal valued at $5.5 billion.

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America’s Most Medicated States

Prescription drug rates are highest in places where preventable chronic diseases are the norm.
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Wall Street slips after China sell-off (Reuters)

Reuters – Stocks declined on Monday, pressured as a sharp drop in Chinese equities led to weakness in the energy sector.

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Regional surveys show U.S. economy picking up (Reuters)

Reuters – A cluster of regional reports on Monday showed business activity picking up steam in August, suggesting the U.S. economy is breaking free of its deep recession.

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European stocks fall in wake of Asian losses (AFP)

AFP – Leading European stock markets lost ground on Monday following falls in Asia owing to worry about the Chinese economy and results of a Japanese election, traders said.

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Wall Street slips after China sell-off

NEW YORK (Reuters) – Stocks declined on Monday, pressured as a sharp drop in Chinese equities led to weakness in the energy sector.

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Regional surveys show U.S. economy picking up

CHICAGO (Reuters) – A cluster of regional reports on Monday showed business activity picking up steam in August, suggesting the U.S. economy is breaking free of its deep recession.

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Dudley says too early to mull curbing Fed purchases

WASHINGTON (Reuters) – New York Federal Reserve Bank President William Dudley said it is too early to talk about curtailing the central bank’s long-term security purchases while the U.S. economic recovery is fragile.

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Baker Hughes to buy BJ Services for $4.9 billion

NEW YORK (Reuters) – Oilfield services company Baker Hughes Inc said on Monday it would buy smaller peer BJ Services Co for $4.9 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on the industry’s leaders.

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U.S. bank, financial stocks off after rally last week

NEW YORK (Reuters) – Shares of Citigroup Inc fell as much as 7.5 percent on Monday amid a broad slide in financial stocks, after rallying over the last week.

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Apple to host media event September 9

SAN FRANCISCO (Reuters) – Apple Inc said on Monday that it would host a media event next week, when the company is widely expected to unveil an updated line of iPod media players.

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