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Shares in Royal Bank of Scotland, Lloyds TSB and HBOS fall sharply despite the UK's government's £37bn bail-out package.
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REYKJAVIK/MOSCOW (Reuters) - Iceland drew on Nordic help to get foreign currency on Tuesday and held talks with Russia over a possible loan to stave off a crisis that has left its economy near collapse.
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Eric Daniels chief executive of Lloyds TSB insisted the bank's takeover of HBOS would go ahead on the existing terms despite a 7pc drop in Lloyds' share price.
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Asian stocks mixed on Wednesday. The Hang Seng of Hong Kong lost 834 points and Tokyo's Nikkei rose 100 points.
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BOSTON (Reuters) - State Street Corp (STT.N), one of the world's biggest institutional money managers, reported rising unrealized losses in its commercial paper program and investment portfolio on Wednesday, sparking concerns among investors, who sent its shares plummeting more than 15 percent.
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Thursday, Harley-Davidson, Inc. (HOG), a producer of heavyweight motorcycles, reported a 37.1% decrease in its third-quarter net income, citing difficult economic conditions. In addition, the company revised its earnings forecast for the full year. Shares of the company are currently down more than 12%.
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Shares of the medical device maker fell after a study showed that its new drug-coated stent was associated with more heart attacks and blood clots than a stent made by Johnson & Johnson.
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BOSTON (Reuters) - Honeywell International Inc's third-quarter profit rose a better-than-expected 16.3 percent on strong sales of thermostats and other equipment used to manage large commercial buildings.
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Shares in Premier Foods fall sharply on renewed speculation that the company is in financial difficulties.
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NEW YORK (Reuters) - Texas Instruments Inc forecast that fourth-quarter earnings and revenue would fall far short of Wall Street expectations, blaming the economy for weak orders across all its wireless and analog chip businesses.
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Shares on Wall Street opened lower Tuesday morning as investors took in quarterly earnings results and news that the billionaire investor Kirk Kerkorian had begun to sell his stake in Ford.
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Shares fall on renewed slowdown fears
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SHARE prices dropped 3.4 percent today after recession fears and weaker commodity prices drove Wall Street and European stock markets lower overnight.
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SAN FRANCISCO (Reuters) - Amazon.com Inc said sales in the holiday quarter would fall short of Wall Street expectations, sending its shares down nearly 14 percent as consumers cut back on spending and a strengthening U.S. dollar eroded the value of foreign sales.
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Shares in Royal Bank of Scotland fell almost 14% yesterday after an influential broker slashed its price target in the expectation of further writedowns and falling profits from its investment banking business.
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Equity markets across Europe were pounded by the crosswinds of failing economic growth and profit warnings from companies hit by the burgeoning recession
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CHEHALIS, Wash. (AP) -- The Lewis County Sheriff's Office says a 20-year-old Winlock woman is dead following a fall from the bed of a pickup truck near Mossyrock....
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Shares in the TV company behind last year's Queengate debacle tumble following the Daily Telegraph story that the management buyout of the company is at risk of collapse.
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Stock markets around the world have been hit again as fears of a protracted economic slowdown continue.
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Third-quarter sales of pensions and life products tumbled 11% as the insurer missed analysts' expectations, but it said it was 'very comfortable' with its capital position
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HONG KONG (Reuters) - Most Asian shares fell on Friday as concerns over the global economy and caution ahead of a Bank of Japan rate decision halted a powerful three-day rally, sending safer havens such as regional bonds and the yen higher.
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NEW YORK (Reuters) - Stock index futures slipped on Friday, with the Dow headed for its worst month in more than two decades, on more evidence of the deep economic slowdown and after sources said the General Motors-Chrysler merger is on hold.
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Tenet Healthcare Corp. said Tuesday it swung to a third-quarter profit on an investment sales gain, but results fell short of Wall Street forecasts and the company slashed its outlook as patients struggled to pay bills amid a worsening economy.
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Shares in one of the world's biggest listed hedge fund groups fell 31 per cent on Thursday as investors took fright at worse-than-expected falls in half-year profits and performance fees and bleak news on one of Man's core product divisions
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Shares in one of the world's biggest listed hedge fund groups fell 31 per cent on Thursday as investors took fright at worse-than-expected falls in half-year profits and performance fees and bleak news on one of Man's core product divisions
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THE share market closed 3.5 per cent lower today, sharply reversing its gains of yesterday, as renewed fears of a global recession and a domestic slowdown weighed on the local bourse.
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The end seems to have finally come for NASA's Phoenix Mars Lander mission at the planet's north pole, scientists said Monday.
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Global shares fall sharply due to renewed concerns about the world economy, while oil prices decline to 20-month lows.
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The Newport Beach mortgage lender says it might be seized by regulators if it can't get a capital infusion by the end of the year. The depressed stock of Newport Beach-based mortgage lender Downey Financial Corp. crumbled below $1 a share Tuesday after the company formally warned that it could be seized by regulators if it can't get an infusion of capital by the end of the year.
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THE share market closed almost 1 per cent in the red today after overnight losses on global markets and lower commodity prices.
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THE share market opened around 1.5 per cent lower this morning, as resource stocks declined after falls overnight in commodity prices on fears of global slowdown.
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Shares in London Stock Exchange fell almost 10pc this morning after the exchange announced it was abandoning its 500m share buyback programme and warned of "extraordinarily difficult market conditions."
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In spite of the 10% decline, the group said it was seeing a 'step change' upwards in the amount of trading activity from a new breed of high-frequency, electronic trader
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NEW YORK (Reuters) - Boeing Co pushed back the schedule on the cargo version of its 747 jumbo by as much as nine months as the plane maker attempts to get operations back to normal after a drawn-out strike by its machinists.
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Specialist thermal processing company Bodycote Plc said Monday it now expects second-half performance to be "modestly" below its earlier projections, citing lower sales and orders in October and November.
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Share values on the Irish Stock Exchange have plummeted by almost 4% this morning, with Anglo-Irish Bank becoming the second bank to see its share price fall below €1.
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GUNNS Ltd's controversial pulp mill project in Tasmania appears dead, says former premier Paul Lennon, one of its biggest supporters.
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NEW YORK (Reuters) - Boeing Co shares tumbled 6.5 percent to a nearly five-year low on Tuesday as analysts expressed concerns about the plane maker and defense contractor meeting profit estimates over the next two years, as it grapples with production delays, airlines' lack of financing to buy planes, and risks that the new U.S. administration will cut defense spending.
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Shares of Atmel fell as much as 24 percent on Tuesday after ON Semiconductor dropped out of its hostile joint bid with Microchip Technology to buy the chipmaker for $2.3 billion. But Atmel’s shares recovered a fair amount of their losses later in the day. Microchip, which said it was withdrawing the bid, indicated that it [...]
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Stocks fell across Asia today as oil prices fell to a 22month low and traders across the world feared for the future of the American car industry.