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Finance
Total Items: 4473 Current Page: 1 Feed Date: 07/23/2008
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Wall Street edges up as oil drops, financials gain (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks rose on Wednesday as financial shares climbed on hopes lawmakers will approve the rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and the price of oil fell.



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Dow ticks lower after Fed's Beige Book (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - The Dow ticked lower and the S&P 500 and the Nasdaq cut gains after the Federal Reserve said in its Beige Book on Wednesday that the pace of economic activity slowed somewhat through mid-July.



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Bush drops opposition to housing bill (AP)

In this May 9, 2008 file photo. a foreclosure sign stands outside a home in Denver.  The optimism that surrounds a new president taking office cannot resurrect home values overnight, and presidents have no direct ability to reduce rising mortgage rates. Nevertheless, Democrat Barack Obama and Republican John McCain both promise help for homeowners facing foreclosure.  (AP Photo/David Zalubowski, File)AP - Congress is moving quickly to pass a housing package that aims to help 400,000 strapped homeowners avoid foreclosures and prevent Fannie Mae and Freddie Mac from collapsing.



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Wall St little changed; financials rally fizzles (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks were little changed on Wednesday after a rally in financial stocks ran out of steam while technology shares pared early gains.



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Wall Street loses ground on financials, oil (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - The Dow turned negative on Wednesday, while the S&P 500 and the Nasdaq pared early gains, as oil prices sharply trimmed their decline and shares of financial services companies reversed an initial rise.



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Wall Street rises on housing rescue plan, oil (Reuters)

People pass a Wachovia branch office on Tuesday, July 22, 2008 in New York. Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost $8.86 billion. (AP Photo/Mark Lennihan)Reuters - Stocks rose on Wednesday, led by financial shares, including Freddie Mac and Fannie Mae , on hopes Washington will come through with a rescue for the housing market.



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Rand firmer but range bound

The rand was on the front foot against major currencies in late trade amid improved global risk appetite and a weaker dollar.


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Equity markets maintain surge morning after trust vote

Mumbai, July 23 : Indian equity markets started a quick climb Wednesday, the morning after the United Progressive Alliance government won the crucial trust vote in parliament, and maintained the upward movement ...


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Thrifty U.S. shoppers could bruise gadget maker profits

SAN FRANCISCO - Fears that belt-tightening U.S. consumers will bruise third-quarter earnings for makers of MP3 players, cell phones and other gadgets, pummeled the stocks of consumer electronics ...


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Washington Mutual posts 2Q loss of $3.3 billion (AP)

In this July 15, 2008 file photo, a Washington Mutual Inc. branch is shown in downtown Seattle.  Washington Mutual Inc. on Tuesday, July 22, 2008 said it lost a staggering $3 billion during the second quarter as it increased its loss reserves to more than $8 billion to cover souring loans in its mortgage portfolio. (AP Photo/Ted S. Warren, file)AP - Washington Mutual, the Seattle-based bank known for its buoyant advertising slogan, "Whoo hoo!," had little to cheer about as it reported a staggering $3 billion loss ? the biggest quarterly loss in its history.



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