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Market Update - Technology stocks advance across the board , riding a wave of broader market optimism as gold and other commodities rise sharply and the dollar retreats against most rival currencies. |
Business NewsLate payments on credit cards drop in 3rd quarter
BRUSSELS - General Motors Co. on Monday asked European governments to help pay most of the euro3.3 billion ($4.9 billion) it needs to restructure its struggling European operations.
Retail gasoline prices headed downward to begin one of the country's busiest travel weeks, with more than 33 million people expected to hit the road for the Thanksgiving holiday.
NEW YORK - A weaker dollar and better-than-expected data on the housing market sent investors moving back into stocks Monday after a three-day losing streak.
NEW YORK - Television retailer QVC has made aggressive plans to keep shoppers watching - instead of mall-hopping - on Black Friday, an event it has traditionally ignored.
MILWAUKEE - Tyson Foods Inc. said Monday a hefty impairment charge in its beef business left it with a loss for the fourth quarter, but said its sales rose and its chicken business was profitable for the second straight quarter.
WASHINGTON - U.S. home sales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
LONDON - World markets rose sharply Monday amid further hopeful signs about the economic recovery. Commodity stocks led the charge, particularly in London, after gold hit another record high.
NEW YORK - Stocks surged in early trading Monday as the dollar continues to weaken and investors try to snap a three-day losing streak.
CAMDEN, N.J. - Campbell Soup Co., the world's largest soup maker, said Monday its first-quarter earnings rose 17 percent as lower costs and more efficient supply chain offset the impact of a decline in soup sales.
ST. PETERSBURG, Russia - A cutting-edge French warship sailed into St. Petersburg Monday to show off its capabilities to potential buyers in the Russian navy, whose pursuit of an amphibious assault capacity is frightening some neighboring countries.
LONDON - Shares in British chocolate maker Cadbury PLC hit their highest level in at least five years Monday on reports that another rival, Switzerland's Nestle SA, may make a takeover bid.
LONDON - The international economy is still fragile and vulnerable to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday.
WASHINGTON - A leading Senate Democrat said Monday his party is determined to push through a health care overhaul bill with or without Republican support because the "system is broken."
SPRINGDALE, Arkansas - Tyson Foods, the world's largest meat producer, lost money in its fiscal fourth quarter primarily on a hefty goodwill impairment charge.
PARIS - Seventeen executives at Airbus parent company EADS went on trial Monday for allegedly making millions in profits on the back of their company's troubles with the delayed A380 superjumbo project.
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.
WASHINGTON - Sen. Charles Schumer says majority Democrats will push through a bill overhauling the health care system with or without Republican support.
WASHINGTON - Home resales for October are projected to rise to the highest level in more than two years as first-time buyers, anticipating that a tax credit would soon expire, rushed to beat the clock.
Oil prices rose above $78 a barrel Monday as Iran's war games, aimed at protecting its nuclear plants, deepened tensions in the oil-rich region.
The vampire romance "The Twilight Saga: New Moon" sucked up $140.7 million in its first three days and pulled in a total of $258.8 million worldwide, according to studio estimates Sunday.
WASHINGTON - For consumers, the health care bills taking final shape in Congress don't rate close to a perfect 10. The Democratic measures would leave 12 million or more eligible Americans uninsured.
HEGANG, China - Grieving family members demanded answers Monday from mining officials about the underground gas explosion that left at least 104 men dead in northeastern China.
LONDON - British oil exploration company Heritage Oil PLC said Monday it has agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up to $1.5 billion.
FRANKFURT - Germany warned fellow European governments on Monday against offering financial aid to General Motors Europe in exchange for job guarantees, hours ahead of a meeting in Brussels to discuss the future of the company.
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