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In this Aug. 11, 2011 photo, trader William Long works on the floor of the New York Stock Exchange. Bank stocks recovered their poise Friday, Aug. 12, and helped European stock markets push higher as investors assessed the impact of a short-selling ban ... The Dow Jones industrial average rises 125 points after the government announces that retail spending, one of the main drivers of the economy, rose last month at the fastest pace since April. Paul Sakuma/Associated PressRalcorp plans to spin off Post Cereals as it seeks to fend off ConAgra. The move again raised the possibility that ConAgra may finally turn its bid hostile, having now been rebuffed by Ralcorp ... High oil prices have helped Exxon Mobil maintain its double-digit growth in upstream revenue last quarter. The company has aggressively added to its oil and natural gas liquids (NGLs) portfolio in recent months and recently made two major discoveries ... ROME - Scrambling to fend off a sovereign debt crisis, the Italian government on Friday approved $65 billion in additional emergency austerity measures over the next two years, including tax increases and cuts to local government in ... The Securities and Exchange Commission is reviewing the method Standard amp; Poors used to cut the USs credit rating and whether the firm properly protected the confidential decision, according to a person ... Verizon has won another court order that limits picketing by striking union workers - this time in New Jersey. About 45000 Verizon landline workers from Massachusetts to Virginia went on strike Sunday, fighting management demands for contract givebacks ... July retail sales jumped 0.5% over the previous month, giving investors and consumers some badly needed encouraging news on Friday. Traders work at the Bolsas y Mercados stock exchange in Madrid on April 30, 2010. Photographer: Denis Doyle/Bloomberg Aug. 12 (Bloomberg) -- Steven Maijoor, chairman of the European ... NEW YORK (Dow Jones)--Gold logged its second straight day of losses as some investors cashed in recent gains while others grew more confident and ventured away from the safe haven to riskier assets like ... Royal Dutch Shell PLC said Friday an oil spill has occurred at its Gannet Alpha platform in the UK North Sea, although it wasnt immediately able to detail the amount of crude that has leaked into the ocean. FRANKFORT, Ky. (AP) - The pension plan for state employees has lost $1.7 billion in recent weeks because of upheavals on Wall Street, an official said. Come next year, Lincoln residents who want to send overnight mail might need to resort to a personal automobile, bicycle or tennis shoes. AP David Carrington and his four fellow commissioners in Jefferson County, Ala., on Friday rejected a $3.1 billion offer to resolve its debt issues. First National Bank of Olathe, Johnson Countys oldest nationally chartered bank, was closed by regulators Friday. Its assets were taken over by Enterprise Bank amp; Trust of Clayton, Mo. The yen gained versus the dollar, approaching the strongest level since World War II, as the Standard amp; Poors downgrade of the US and concern Europes sovereign-debt crisis is worsening boosted demand ... Even though the price of crude oil recently dropped to its lowest level in 31 years, consumers are not getting much relief at the pump.
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