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US stocks eke small gains after listless day of trading

stocks

U.S. stocks perked up after a downbeat start to eke out a small gain Wednesday. Consumer companies were among the big gainers on a day when investors sized up a mixed bag of new data on the U.S. manufacturing, housing and automobile industries. Telecommunications stocks lagged the rest of the market. Investors have been looking for clues in the latest ...

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Market finishes 5th week of gains, turning S&P 500 positive

Market finishes 5th week of gains, turning S&P 500 positive

NEW YORK (AP) — Another strong gain for stocks Friday extended the market’s recovery from a dismal start to the year to a fifth week in a row. The Standard and Poor’s 500 index closed up for the year for the first time. The Dow Jones industrial average turned positive Thursday. Both had been down more than 10 percent for ...

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Saudi Arabia may launch IPO for Saudi Aramco

Saudi Arabia may launch IPO for Saudi Aramco

NEW YORK — Saudi Arabia may launch an initial public offering for the world’s largest oil producer, Saudi Arabian Oil Co., according to a report. Deputy Crown Prince Mohammed bin Salman told The Economist that a decision will be made in the next few months. The crown prince is widely thought to hold considerable power in the monarchy and also ...

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US stocks slide again as China woes lead to global selling

NEW YORK — U.S. stocks slipped Thursday on spreading fears about the health of China’s economy, and financial and industrial stocks were among the hardest hit. China’s stock market sank about 7 percent Thursday after the yuan fell to its lowest level against the dollar since March 2011. Trading was automatically suspended as a result. That set off a slump ...

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Baker Hughes lays off 67 workers

FARMINGTON — Baker Hughes Pressure Pumping on Southside River Road in Farmington laid off 67 workers on Tuesday citing low oil and gas prices on the commodities market. Robert “Kevin” Jones, district manager for Baker Hughes Pressure Pumping, said in a phone interview that he learned of the layoffs Tuesday morning in a text message. Jones is on short-term disability ...

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Stocks fall on China worries; oil loses ground

NEW YORK – World equity indexes dropped on Monday as disappointing trade data in world No. 2 economy China stoked concerns over weakening global growth, while oil prices slipped. All three major U.S. stock indexes were down more than 1 percent, while European shares closed 1.1 percent lower. Fresh builds at the delivery point for U.S. crude futures also dragged ...

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Austin-based Whole Foods misses on earnings

On the heels of another tough earnings report, Austin-based Whole Foods Market said it will slow its aggressive store growth, among other efforts, to stem declining sales amid increasing competition. Those growth plans still include adding a location in Cedar Park in the next few years, though, the company said. Shares in Whole Foods fell 7 percent or more in ...

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U.S. natural gas futures ease on continued warm forecasts

Oct 28 – U.S. natural gas futures eased on early Wednesday on forecasts for well above normal temperatures over the next two weeks, expected to keep heating demand lower than normal. On its last day as the front-month, the November gas future on the New York Mercantile Exchange fell 3.6 cents, or 1.72 percent, to $2.056 per million British thermal ...

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