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03/18/2010 08:57 PM |
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Oil drops, as dollar strengthens |
Oil fell amid a strengthening dollar and continued rise in the stock market.
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03/18/2010 01:32 AM |
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Oil rises as supplies drop |
Oil prices jumped Wednesday, after the weekly government energy inventory report showed supplies of crude were worse than analysts had expected.
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03/18/2010 01:13 AM |
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Dollar mixed after rate decisions |
The dollar slipped versus the yen and the pound but rose against the euro Wednesday after the Bank of Japan and the Federal Reserve each left interest rates unchanged near zero.
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03/15/2010 07:34 PM |
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Tommy Hilfiger sold to Phillips-Van Heusen |
Phillips-Van Heusen announced plans Monday to buy Tommy Hilfiger, which is controlled by private equity firm Apax Partners, for roughly $3 billion in cash and stock.
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03/15/2010 09:50 PM |
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Google may leave China soon |
Google appears to be getting closer to shutting down its strictly monitored search engine in China, according to news reports.
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03/16/2010 05:54 AM |
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Toyota takes aim at California runaway Prius story |
Toyota is expected to challenge a California driver's story of an out-of-control Prius at a press conference Monday afternoon in California.
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03/14/2010 06:22 PM |
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Chinese leader decries calls to boost currency |
China is bracing for another tough year despite economic growth, but opposes foreign pressure to appreciate the value of its currency, Premier Wen Jiabao said Sunday.
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03/11/2010 01:12 AM |
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Royal Dutch Shell halts gasoline sales to Iran |
Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.
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03/12/2010 01:33 AM |
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Pink Floyd suit: Sell all the bricks in 'The Wall' |
Pink Floyd won a legal battle Thursday against EMI that prevents the band's long-time record label from selling individual songs online.
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03/12/2010 01:05 AM |
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Welcome to the United States of Iceland |
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own.
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03/30/2007 01:16 PM |
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Check International ETFs here |
Check International ETFs here
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03/16/2010 08:30 PM |
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U.S. states: Racing with the PIIGS |
The term PIIGS has been coined to refer collectively to Portugal, Italy, Ireland, Greece, and Spain. Aside from being a cute acronym, the term describes the actions of these countries very aptly as they have acted "piggish" in issuing debt to support overzealous government budgets. While the American media has at times made light of these countries and their PIIGS moniker, the same mistakes are at play in creating domestic pigs.
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03/10/2010 08:06 PM |
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Fears of a Greek bank run |
In the middle of the 2001 debt crisis, Argentines stormed their nation's banks to get their money out. To stop the stampede, the government imposed controls that allowed them to take out only $250 at a time and limited withdrawals for overseas trips to $1,000.
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03/10/2010 03:43 AM |
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China, let's see if you can innovate |
What economic crisis? After a blip last winter, China is growing at more than 8% a year, and the scale and speed at which the country is building a modern infrastructure are mind-boggling.
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03/17/2010 11:58 PM |
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Is your country the next Greece? |
Just over a year ago a few members of the research team at Hedgeye attended a lecture at Yale Law School by Robert Rubin, the former Secretary of the Treasury under Bill Clinton. During the question and answer session, Rubin was asked about sovereign risk -- the threat that an entire nation effectively walking away from its financial obligations. Mr. Rubin was blunt: he said categorically that he did not expect any major nations to default on its debt.
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03/05/2010 05:16 PM |
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Why China should let the yuan rise |
The Chinese have rarely given into foreign pressure to revalue its currency higher. But that doesn't mean it won't let the yuan rise later this year.
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03/05/2010 09:09 PM |
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Oil-rich nations want a bigger take |
Two of the world's oil-rich countries may make it harder for oil companies to do business with them.
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03/04/2010 08:08 PM |
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The snag in Greece's salary solution |
Greek prime minister George Papandreou may have made a big mistake. As part of a plan to fix his nation's ruined economy, he announced Wednesday that he aims to cut 30% of civil servants' holiday bonuses which are part of Greece's "14th salary" payment schedule.
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03/03/2010 11:08 PM |
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Greece outlines plan to cut massive deficit |
Facing firm demands from the European Union and financial markets to cut its deficit, Greece announced cost-cutting measures Wednesday that will save the debt-challenged country €4 billion, $5.44 billion, this year.
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03/03/2010 10:03 PM |
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This Mazda recall really burns my ... |
Mazda is in the hot seat Wednesday after recalling 12,300 CX-9 crossover SUVs over potentially overheating seats.
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