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Stocks erase losses and end near breakeven level
Stocks erase losses and end near breakeven level
Stock indexes are ending near the breakeven point on Wall Street, recovering from an early loss. The Dow Jones industrial average ended with a gain of seven points Wednesday at 13,986. It was down as much as 66 points in the early going. The Standard & Poor's 500 index eked out a gain of just under

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US crude oil supplies grew by 2.6 million barrels
US crude oil supplies grew by 2.6 million barrels
The nation's crude oil supplies increased last week, the government said Wednesday. Crude supplies grew by 2.6 million barrels, or 0.7 percent, to 371.7 million barrels, which is 9.6 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

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Ahead of the Bell: Zynga
Ahead of the Bell: Zynga
Shares of Zynga climbed in premarket trading on Wednesday as the online games company's fourth-quarter adjusted profit and revenue topped analysts' estimates. Zynga Inc. reported late Tuesday that its quarterly loss narrowed to 6 cents per share from a loss of $1.22 per share a year earlier. Its ad

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Ahead of the Bell: Disney rises in premarket
Ahead of the Bell: Disney rises in premarket
Shares of Walt Disney Co. rose before the market open on Wednesday as its fiscal first-quarter performance beat Wall Street's expectations. Late Tuesday, the Burbank, Calif.-based company reported adjusted earnings of 79 cents per share on revenue of $11.3 billion. Analysts surveyed by FactSet pred

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S&P lawsuit: Emails suggest concern about ratings
S&P lawsuit: Emails suggest concern about ratings
The government's case against Standard & Poor's points to documents that authorities say support their accusations — namely, that S&P intentionally gave high marks to risky mortgage investments that eventually collapsed and helped trigger the financial crisis. S&P disputes the allegations. It says

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Key allegations government is making against S&P
Key allegations government is making against S&P
Here is the basis of the case the U.S. government is making against Standard & Poor's Ratings Services in a 128-page lawsuit: — THE CHARGE: The government accuses S&P of knowingly giving high grades to risky mortgage-backed securities from about 2004 to 2007. The mortgages underlying those securit

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Oil falls to near $96 after weeks of strong gains
Oil falls to near $96 after weeks of strong gains
Oil prices fell to nearly $96 a barrel Monday on signs that the U.S. and Iran may restart talks about Iran's nuclear program. In New York benchmark oil for March delivery dropped by $1.60 to finish at $96.17 a barrel. Oil prices had risen steadily since they traded near $86 a barrel in mid-December

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S&P expects US lawsuit over its mortgage ratings
S&P expects US lawsuit over its mortgage ratings
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it fraudulently gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis. The charges would mark the first enforcement action the governmen

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Stocks slide following Dow's rally to 14,000
Stocks slide following Dow's rally to 14,000
Stocks are falling on Wall Street after the Dow Jones industrial average hit its highest level since the financial crisis last week. The Dow was off 118 points at 13,891 shortly before noon Eastern time. Travelers and Merck fell the most of the 30 stocks in the index. The Standard & Poor's 500 index

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US stocks close down after Dow's rally to 14,000
US stocks close down after Dow's rally to 14,000
Stocks hit a big milestone, then promptly spun off the road. Major indexes dived the most this year Monday, the first trading day after the Dow broke 14,000 and closed at its highest level since the financial crisis. The Dow Jones industrial average dropped as much as 143 points in afternoon trading

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Stocks fall, pulling Dow average below 14,000
Stocks fall, pulling Dow average below 14,000
Stocks are falling in early trading on Wall Street, pulling the Dow Jones industrial average back below the 14,000 mark. The Dow was off 94 points at 13,915 shortly after the opening bell Monday. Energy and health care stocks led the declines. The stock market has been rallying for five weeks, and t

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Futures retreat after Dow close above 14,000
Futures retreat after Dow close above 14,000
Stock futures are in retreat on the first day of trading after the Dow Jones industrial average struck a new post-meltdown high. Dow Jones industrial futures are down 44 points to 13,886 after closing above 14,000 Friday. The broader S&P futures have lost 5 points to 1,501.70. Nasdaq futures are do

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Oil falls to below $97 after weeks of strong gains
Oil falls to below $97 after weeks of strong gains
Oil prices fell below $97 a barrel Monday on signs that the U.S. and Iran may restart nuclear negotiations. In midday trading in New York benchmark oil for March delivery was down $1.43 to $96.34 a barrel. Oil prices have been rising steadily since they traded near $86 a barrel in mid-December as h

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Asia stock markets mostly up after US rally
Asia stock markets mostly up after US rally
Asian stock markets were mostly higher Monday as investors continued to feel confident about stocks following last week's U.S. jobs report and the Wall Street's rally. Solid corporate earnings reports and expectations that the weaker yen will enhance the bottom line of Japanese exporters also lured

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MF Global trustee says clients may be made whole
MF Global trustee says clients may be made whole
Former brokerage customers of MF Global could fully recover cash that was frozen when the trading firm collapsed, according to the bankruptcy trustee in the Chapter 11 case. The projection is based on the latest analysis of recoverable assets available in MF Global's bankruptcy, versus pending clai

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