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Wall Street wraps up '07 in somber mood
AP - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.
Banking bid speculation lifts FTSE
FT.com - London equities were higher on the opening trading day of 2008, as a measure of bid speculation centred on Alliance & Leicester helped provide momentum.
Oil stocks support FTSE
FT.com - London equities were mildly positive in opening trade on Thursday, as the heavily-weighted oil sector provided support after the prospect of $100 crude prices moved closer.
Japanese stocks dive on reopening
FT.com - Japanese stocks plunged Friday on the first day of trading of 2008, closing more than 4 per cent lower at their weakest levels in a year and a half as a slumping dollar and fears of a US recession battered investor confidence.
Gulf Arab stocks still appealing after rally: Nomura
Reuters - Gulf Arab stock markets will continue to
attract foreign investors seeking to tap a regional economic
boom even after a rally in the fourth quarter left 'few
bargains' on regional bourses, Nomura said on Sunday.
Global markets hit by fears of US recession
AFP - Fears of a US recession rattled Asian stock markets Monday with most of the region suffering heavy losses in the wake of sharp falls on Wall Street, dealers said.
Drugs companies lead European stocks rally
FT.com - European equity markets bounced on Tuesday led higher by pharmaceutical companies and telecoms stocks as investors continued to favour defensive sectors.
Retailers take FTSE back into losses
FT.com - London equities fell on Wednesday, with retailers hit hard by Marks & Spencer after it said tough conditions on the UK high street looked set to continue throughout 2008 and missed expectations for peak Christmas trading.
Alcoa's profit jumps 76 percent
AP - Alcoa Inc., the world's third-largest aluminum maker, kicked off earnings season by posting a 76 percent profit gain for the fourth quarter as the pending sale of its consumer and packaging businesses offset lower prices.
Nikkei falls on US earnings worries
AP - Japan's main stock index fell Friday to a two-year low as investors worried about upcoming earning reports from U.S. financial groups.
LG.Philips profit hits record on supply, price
Reuters - Flat screen maker LG.Philips LCD Co Ltd
(034220.KS) reported its strongest ever quarterly profit on
Monday, rebounding from a year-ago loss, as solid demand and
tight supplies kept screen prices firm.
IBM Earnings Benefit From Weak U.S. Dollar
TechWeb - Some analysts worry that IBM's unexpectedly strong fourth-quarter results mask weaknesses in the computing giant's business.
FTSE likely to head lower at open
FT.com - London equities were expected to fall at the open on Wednesday after sharp losses on Wall Street and in Asia keep the focus firmly on the economy and the outlook for corporate earnings.
Asian markets rebound fizzles
FT.com - Persistent worries about the state of the US economy overwhelmed an early rebound in Asian stock markets on Thursday, with many turning lower as afternoon trading began after morning gains driven by bargain-hunting and a firmer dollar.
Asia markets sink on US economy fears
AP - Asian markets plunged again Friday amid growing fears that the American economy could be headed for a recession after weak U.S. manufacturing figures and an overnight drop on Wall Street.
Engines lift GE's fourth-quarter profit
AP - General Electric Co. delivered some cheer Friday to investors worried about a slowing economy, saying its quarterly profit rose 4 percent and reaffirming its outlook for 2008.
Asia markets sink amid pessimism over US
AP - Asian shares fell broadly Monday morning following declines on Wall Street last week amid investor pessimism over the U.S. government's plan to prevent a recession.
Democrat rivals lash Bush as global stocks tumble
AFP - Democrats Hillary Clinton and Barack Obama roasted President George W. Bush on the economy Monday, as world stock markets plummeted for a second day on fears of a US recession.
Economic storm clouds gather over Davos World Economic Forum
AFP - The annual Davos gathering of the world's political and business elite opens Wednesday with the already gloomy atmosphere further soured by near-panic conditions on world stock markets.
Asian markets rise for second day
AP - Asian markets rose for a second day Thursday as investors scooped up beaten-down shares, heartened by Wall Street's stunning comeback overnight.
Manufacturer Honeywell's income rises
AP - Honeywell International Inc. said late Thursday that fourth-quarter net income rose 18 percent because of growth in all four of its business segments.
Wall Street's tumultuous week ends down
AP - Wall Street ended a tumultuous week with a sharp decline Friday, backtracking following two days of stunning gains as investors turned cautious and cashed in some of their winnings. The Dow Jones industrial average still managed to record its first weekly advance of 2008, even as it fell more than 170 points on the day.
Trader with the right expression becomes media stock market poster boy
AFP - Dirk Mueller is a stockbroker, and thanks to recent market turbulence, also a star, not because of dubious trades or massive losses but because his face was just right for the job.
Asian markets drop, tracking Wall Street
AP - Asian stocks tumbled Monday as traders took their cues from Wall Street, where persistent worries about a possible U.S. recession sent shares sinking Friday.
Asian markets rise on rate cut hopes
AP - Asian stock markets rebounded Tuesday as investors cheered an overnight rally on Wall Street and snapped up beaten down shares on expectations of a U.S. interest rate cut later this week.
Honda net rises 38 percent on strong CR-V sales
Reuters - Honda Motor Co (7267.T) posted a
better-than-expected 38 percent rise in quarterly profit on
Wednesday, helped by strong global sales of its new CR-V
crossover and brisk U.S. demand for the Accord sedan.
Asian stocks rise after US rate cut
AFP - Most Asian stock markets rose Thursday after another sharp US interest rate cut but Japan's rally aside, gains were modest due to worries that a US economic recession still looms.
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