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Paris attacks have modest impact on Wall Street

US stocks have risen during early trades this Monday with a number of investors seeing very little long term economic impact from the deadly terrorist attack this Friday in Paris. Eight out of the ten major sectors of the S&P were higher with the 1.20% rise by the energy sector …

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Overall spending hurt by dip in auto sales

Retail sales have risen less than they were supposed to this October as they were hindered by a decline in the purchase of automobiles. The Oct results suggested a slowdown developing as far as consumer spending is concerned which may temper expectations of strong pickups in the economic growth of …

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JC Penney stock plunges on poor sales outlook

JC Penney Co., the 3rd largest department store company in the US, has fallen the most over the last 2 years which has shown that growth in sales in the Christmas season may just slowdown from the pace of the 3rd quarter. Same store sales in 2015 are going to …

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Pound rises as unemployment declines in UK

  The pound has climbed a little against the euro and the dollar after unemployment in the UK fell to its lowest ever in 7 years. The currency of Britain went up against thirteen of the sixteen main currencies it is traded against and extended the advance from the 6 …

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PIMCO replies to Gross’ lawsuit

The lawsuit by Bill Gross against PIMCO, the firm he helped co-found in 1971, is supposed to be a legally groundless and nothing but a postscript for his tenure is what the company had to say officially. Their lawyers at Boies, Schiller & Flexner filed a twenty page response to …

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World stocks fall, oil extends decline on China worries

Equity indexes around the world fell on Monday after disappointing trade data from China stoked concerns of weakening growth around the world. Oil prices extended their losses for a fourth day as well. All 3 major US stock indexes fell by 1% and European shares closed 1.1 % lower. Fresh …

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