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By Kasia Klimasinska |
February 27, 2013
Former White House Chief of Staff Jacob J. Lew won Senate confirmation to become U.S. Treasury secretary.
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By Michael Shanahan and Rita Nazareth, Bloomberg |
February 27, 2013
Stocks rallied, sending the Dow Jones Industrial Average to the highest since October 2007, as Italy sold debt amid political turmoil and U.S. data bolstered confidence in the world’s largest economy.
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By Austin Kiddle |
February 27, 2013
As traders have already cut their long positions or added to their short positions, it did not take much for the gold price to rally back from a recent low level of $1,554.30.
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By Stephen Kirkland and Rita Nazareth, Bloomberg |
February 26, 2013
U.S. stocks rose, rebounding from the worst drop since November, as data on housing and consumer confidence bolstered optimism in the economy.
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By Nikolaj Gammeltoft and Sarah Pringle |
February 25, 2013
The benchmark volatility gauge for American stock options rose the most in 18 months as stocks tumbled.
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By Susanne Walker and Cordell Eddings, Bloomberg |
February 25, 2013
Treasuries rose, pushing 10-year yields down the most since November, as polls indicated the euro area’s third-largest economy, Italy, may be left with a hung parliament, stoking refuge demand.
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By Rita Nazareth, Bloomberg |
February 25, 2013
U.S. stocks declined, erasing an early advance, after partial election results spurred concern about prospects for a stable government in Italy.
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By Margaret Talev and Mike Dorning |
February 12, 2013
President Obama addressed the deficit, spending cuts, unemployment, a minimum wage spike and other potentially market-moving topics in his annual State of the Union address to Congress.
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By Phil Mattingly |
February 11, 2013
Frustration with New York-based S&P, the nation’s largest ratings firm, Moody’s Corp. and Fitch Ratings has existed almost since the current administration took office.
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By Phil Mattingly and Edvard Pettersson, Bloomberg |
February 5, 2013
The U.S. is seeking as much as $5 billion in penalties from McGraw-Hill Cos. and its Standard & Poor’s unit as punishment for inflated credit ratings that were central to the worst financial crisis since the Great Depression.
