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Weak forecast on Asian economy sends stocks lower

A weaker forecast of economic growth in Asia is sending stocks lower in early trading on Wall Street. The Dow Jones industrial average is down 47 points at 13,563 shortly after the opening bell Monday morning. The Standard & Poor's 500 index fell seven points to 1,454 and the Nasdaq composite gave up 22 points to 3,113.

 

HP's outlook disappoints, driving shares to 9-year low

Hewlett-Packard

Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software.

 

Stocks jump following expansion in manufacturing

Manufacturing

Stocks got a boost on Wall Street from positive economic news on Monday. The Dow Jones industrial average rose 135 points to 13,572 in the first hour of trading. The market was already higher in the opening minutes of trading, then jumped at 10 a.m. after the Institute for Supply Management reported that U.S. manufacturing grew in September for the first time in four months.

 

Barron's slams Facebook, stock falls

Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.

 

US stocks lower after bad economic data in Europe

Stocks are opening lower on Wall Street after some gloomy economic data from Europe. Just after the opening bell, the Dow Jones industrial average is down 53 points at 13,526. The Standard & Poor's 500 index is down seven at 1,453, and the Nasdaq composite index is off 28 at 3,152.

 

Shares of Apple top $700 for the first time

Shares of Apple moved above $700 for the first time ever Tuesday morning, boosted by a strong reception for the latest version of its popular iPhone.

 

Judge temporarily blocks Stock Act

A federal judge Thursday temporarily blocked the government from enforcing a new insider trading law that would require about 28,000 executive branch employees to disclose details of their financial transactions on the Internet.

 

NYSE to Pay $5 Million to Settle Favoritism Charges

The New York Stock Exchange said it will pay $5 million to resolve U.S. regulatory charges that it gave certain customers “an improper head start” on trading information.

 

Trader on trial over £1.4bn loss

The trial of a former trader accused of causing the largest unauthorised loss in British history - £1.4bn at UBS - will start later.

 

Surprise! Yelp Shares Soar On Lock-Up Expiration Day

The stock market operates in mysterious ways. Yelp shares are actually trading sharply higher this morning, despite the expiration of the company's post-IPO lock-up period. As I noted earlier, the stock had lost about a third of its value in anticipation of today's event; for reasons that are not entirely clear, the stock has responded to the news with a major rally.

 

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