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BOSTON (MarketWatch) -- Drug stocks trended lower in early trading Tuesday as shares of Shire Plc gained on news that it applied for European market approval for its new treatment for Gaucher disease.
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LONDON (MarketWatch) -- European shares pared some of the previous session's sharp gains on Tuesday, with miners weakening as the dollar took back some ground against the euro and sterling. Shares of copper miner Antofagasta fell 2.4%, shares of diversified extractor BHP Billiton lost 1.5%. Overall, the U.K. FTSE 100 ind (Read More)
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LONDON (MarketWatch) -- SSL International said Tuesday that first-half net profit rose to 38.1 million pounds ($63 million), from 23.4 million pounds a year ago. Revenue rose to 390.9 million pounds, from 322.5 million pounds. "Despite tough trading conditions in some of our core markets, our turnover has moved ahead stron (Read More)
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HONG KONG (MarketWatch) -- Chinese shares succumbed to a heavy dose of profit-taking in afternoon trading Tuesday, with foreign-currency-denominated B shares as well as yuan-denominated A shares in the outperforming resources sector coming under selling pressure. The Shanghai B share index, which has far outperformed the br (Read More)
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FRANKFURT (MarketWatch) -- South Africa's gross domestic product grew by an annualized rate of 0.9% in the third quarter compared with the preceding quarter, Statistics South Africa reported on Tuesday. That was above analyst forecasts for 0.5% growth. The rebound comes after the economy contracted by 7.4% and 2.8% respecti (Read More)
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Risk sentiment dominated the European trading session, with an overnight slump in Chinese shares boosting the dollar -- a favored currency in times of stress. (Read More)
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FRANKFURT (MarketWatch) -- Gold futures rose on Tuesday, extending their winning streak into an eighth session. Gold for December delivery, the most actively traded contract, was last up $5.40, or 0.5%, to $1,170.10 an ounce in electronic trading on Globex. It earlier hit an intraday high of $1,171.70 an ounce. On Monday, D (Read More)
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NEW YORK (MarketWatch) -- The dollar extended losses versus the Japanese yen and remained slightly lower versus the euro on Tuesday after a government report showed the U.S. economy grew at a 2.8% pace in the third quarter, slower than previously reported but in line with economists' expectations. The dollar bought 88.46 ye (Read More)
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SAN FRANCISCO (MarketWatch) -- Netflix Inc. was downgraded to an underperform, or sell, rating by Wedbush Morgan Tuesday morning. In a note to clients, analyst Michael Pachter says while the company's performance has been "solid," the stock's current price "reflects investor expectations for growth well above what can be r (Read More)
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NEW YORK (MarketWatch) - Airline stocks were mixed Tuesday morning with US Airways shares rising ahead of the group. At last check, the NYSE Arca Airline Index added less than 1% to 26.73 with six of its 13 components trading up. US Airways rose 3% to $3.19 after the carrier said it would defer aircraft deliveries and arr (Read More)
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Airline stocks are mostly lower in volatile trading Tuesday morning, though shares of US Airways stage an advance.
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Japanese trading house Mitsui said it sold all its common shares in Japan Airlines, adding to uncertainty over the company that sent its shares down 8.4%. (Read More)
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The billionaire founder of Galleon Group denies charges of insider trading and attacks the government’s use of wiretaps in its investigation of the hedge-fund firm.
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Shares of EMC Corp. fell in after-hours trading on Tuesday after the data storage company lowered its fourth-quarter earnings forecast as a result of a $100 million restructuring charge.
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Created by: Victor
Created on:
May 31, 2008
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