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Asia markets gain as Fed underpins recovery hopes
AP - Asian stock markets advanced Thursday after the U.S. Federal Reserve said the world's largest economy is shrinking at a slower pace and scotched fears of an inflation threat, underpinning investor hopes for recovery.
Asian markets gain as Fed underpins recovery hopes
AP - Asian stock markets advanced Thursday after the U.S. Federal Reserve said the world's largest economy is shrinking at a slower pace and scotched fears of an inflation threat, underpinning investor hopes for recovery. European shares opened lower.
European markets down as Fed enthusiasm wanes
AP - European stock markets fell modestly Thursday as early enthusiasm over the U.S. Federal Reserve's latest policy statement dissipated amid concerns that borrowing costs may rise sooner than many investors were predicting.
ConAgra Foods 4Q profit drops 13 percent
AP - ConAgra Foods says its fiscal fourth-quarter profit fell 13 percent as the prior-year period benefited from the sale of its commodity-trading unit.
Lennar posts slightly larger 2nd-quarter loss
AP - Lennar Corp. reported a slightly larger second-quarter loss than a year ago Thursday as the homebuilder took some writeoffs to adjust land and inventory values and dealt with fewer home deliveries and a drop in new orders.
Stocks reverse early losses, move slightly higher
AP - Investors are shrugging off an unexpected rise in jobless claims and cautiously buying stocks.
Stocks push higher, led by homebuilders, retailers
AP - A handful of positive earnings reports are giving investors a reason to buy stocks.
Stocks jump, led by homebuilders, retailers
AP - Investors rushed back into stocks as profits at a handful of companies indicated the economy might be gaining strength.
Wall St jumps on Bernanke relief
Reuters - U.S. stocks rallied on Thursday on investors' relief that Federal Reserve Chairman Ben Bernanke was weathering a tough grilling in Congress relatively well.
FTSE 100 down on US jobs data
AFP - The London stock market closed lower on Thursday, dragged down by US jobs data, as investors remained anxious about the economic climate.
H&M 2Q net profit rises 6.4 pct
AP - Swedish fashion chain Hennes & Mauritz on Thursday said net profit in its latest fiscal quarter rose 6.4 percent, helped by new store openings and a weaker Swedish krona.
Palm rises after quarterly results
Reuters - Shares of Palm Inc rose more than 4 percent to $14.60 after the bell on Thursday after the smartphone maker reported its quarterly results.
Bernanke testimony boosts Wall Street
Reuters - Stocks jumped on Thursday as investors were relieved that Ben Bernanke weathered a congressional hearing well.
Accenture reports better-than-expected 3Q profit
AP - Business consultant and outsourcing company Accenture Ltd. said its fiscal third-quarter profit declined, mainly due to the negative effects of the stronger dollar on international sales, but still topped Wall Street estimates.
Standard Microsystems post 1Q loss, lower sales
AP - Chip maker Standard Microsystems Corp. on Thursday posted a first-quarter loss, reversing a year-ago profit, hurt by lower sales and a settlement charge.
Accenture earnings fall but better than expected
Reuters - Technology outsourcing and consulting firm Accenture Ltd said its quarterly profit fell due to a slower economy and a stronger U.S. dollar, although the results were better than most analysts had expected.
Micron earnings beat view but revenues disappoint
Reuters - Micron Technology Inc reported lower-than-expected revenues as part of its 10th straight quarterly loss and shares of the top U.S. maker of memory chips slid more than 4 percent.
Riviera Holdings stock removed from NYSE
AP - Casino operator Riviera Holdings Corp. says its common stock is no longer being traded on the New York Stock Exchange.
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