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Traders work on the floor of the New York Stock Exchange

US futures point to lower opening

Futures on major U.S. indices point to a lower opening on Thursday as oil prices continued surge due to continued turmoil and violence in Libya.

Has Libyan dictator Gaddafi muted Obama?

Has Libyan dictator Gaddafi muted Obama?
Barack Obama not naming Muammar Gaddafi in his comments on Libya has raised question if the dictator has muted the US President blocking Americans evacuation in Tripoli.

US austerity is really foolish: Stiglitz

Joseph Stiglitz
US “austerity is really foolish,” said famed economist and Nobel laureate Joseph Stiglitz in his office at Columbia University, in an interview with IBTimes.
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Shoppers cart their purchases from a Wal-Mart store in Alexandria, Virginia  November 12, 2009

Wal-Mart domestic sales dip again, shares down

Shares of Wal-Mart Stores fell nearly 4 percent in early trade after the world’s largest retailer a seventh straight quarterly decline in U.S. comparable-store sales, saying some of the pricing and merchandising issues ran deeper than it initially expected.
Traders work on the floor of the New York Stock Exchange

US futures decline on Libya unrest

Futures on major U.S. stock indices point to lower opening on Tuesday, following declines in European and Asian stock markets as continued political unrest in the Middle East weighed on the sentiment.
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US stock futures plunge amid Libyan unrest

Futures on major U.S. stock indices point to lower opening on Tuesday, following declines in European and Asian stock markets as continued political unrest in the Middle East weighed on the sentiment.

Four reasons why US stocks will scale new highs in 2011

U.S. stocks recorded solid performance in the second half of the last year though the early part of the year was jittery. While the Dow Jones Industrial Average rose 11 percent, the Nasdaq Composite gained 17 percent and the Standard & Poor's 500 index rose 13 percent. Where do U.S. stocks go from here? There are analysts who think stocks are poised to show further gains this year.
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Weekahead: Housing, GDP data in focus

Investors are likely to focus on major economic data to be released during the week to gauge the strength of recovery in the world’s largest economy. The main focus will be housing and economic activity, while rising Middle East tensions are expected to weigh on markets.
China decries U.S. "obstruction" after Huawei drops bid

China decries U.S. obstruction after Huawei drops bid

China's Commerce Ministry said Chinese businesses faced damaging obstruction in efforts to invest in the United States after China's Huawei pulled out of bidding for U.S. company 3Leaf's assets following pressure from a Washington panel.

Stock market up modestly amid G-20 meet

US stocks rose modestly higher on Friday, with S&P 500 Index up 2.52 points, or 0.19 percent, to trade at 1,342.98 at 12:00 p.m. EST. The Dow Jones Industrial Average is up 42.16 points, or 0.34 percent, to trade at 12,360.30. The Nasdaq Composite Index rose 0.23 percent to trade at 2,837.98.
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US stocks lack direction, G-20 meet in focus

US stocks were mixed on Friday, with S&P 500 Index edging down 0.27 points, or 0.02 percent, to trade at 1,340.21 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 14.04 points, or 0.11 percent, to trade at 12,332.18. The Nasdaq Composite Index rose 0.07 percent to trade at 2,833.52.
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Amid crisis, US state workers say: 'Don't blame us'

When a New Jersey family with an autistic child walks into the state office seeking help, Norlande Perpignan is often the first person they see. A clerk making $41,082 a year at the Division of Developmental Disabilities, Perpignan, 40, is also on the front lines of a national debate about public spending, taxes and a fiscal crisis facing local governments.
Traders work on the floor of the New York Stock Exchange

US stocks decline after CPI, jobs data

US stocks declined in early trade on Thursday after official data showed that weekly jobless claims unexpectedly rose last week while Consumer Price Index (CPI) climbed more than forecast in January.
US consumer prices rise as food, fuel costs increase

US consumer prices rise as food, fuel costs increase

The overall consumer price inflation in the U.S. rose 0.4 percent in January on a seasonally adjusted basis, the Bureau of Labor Statistics (BLS) said on Thursday. The rise in inflation was mainly driven by increases in energy, commodities and food prices, the report said.
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China censors U.S. posts on Internet freedom

China's Internet censors have deleted U.S. Embassy posts promoting Secretary of State Hillary Clinton's speech on Internet freedom from microblogs, parrying U.S. efforts to spur debate about Beijing's grip on free speech.

How Internet censorship works in China

The 'Provisions on News Information Services', which was issued in 2005, states that the purpose of news websites is not to inform the public of the facts, but instead to “serve socialism” and to “safeguard the nation’s interests and the public interest.”

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