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Dow Falls 205 due to Weak Earnings

The market closed on a sour note Friday due to disappointing corporate earnings. The Dow Jones industrial average dropped more than 200 points to reach its worst level in four months. Three companies belonging ...
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Citigroup Big Winner among US Banks

Citigroup emerged as the big winner among US banks Monday with its shares increasing 5.5 percent to close at $36.66. All indexes increased 1 percent after the US Department of Commerce announced that retail sal...

Report: Mini iPad to be Unveiled

Apple, Inc. has announced it will have a special event on October 23. The tech giant is expected to unveil its mini version of the hugely popular iPad. The smaller version of the iPad has been dubbed the “mini”...
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Romney Calls for Big Tax Cuts

Republican Mitt Romney wanted big tax cuts since the start of his presidential campaign. But at present, he seemed to have changed his mind and warned middle class families not to get their hopes too high. Duri...
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Fed’s Evans Want More Easing

Federal Reserve Bank of Chicago President Charles Evans said that policy makers must not be passive when it comes to the high unemployment rate in the United States. He fired back at the critics of the Fed’s de...
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S&P Drops for 5 Straight Days

Stocks closed lower due to light trading Wednesday as the S&P 500 posted its fifth straight decline. Investors were still concerned about the financial crisis in the euro zone. The Dow Jones Industrial Aver...