AP – A federal judge in Georgia rejected claims this week by federal regulators who said investment firm Morgan Keegan & Co. fraudulently sold auction-rate securities to investors, leaving them to hold the bag on $2.2 billion of the debt when the market collapsed in 2008.
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AP – Stocks are closing broadly higher after Greece cleared a final hurdle toward receiving its next installment of emergency loans. It was the fourth straight day of gains.
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Reuters – Wall Street rose for a fourth consecutive session on Thursday in an end-of-quarter rally that was boosted by a surprisingly strong economic report covering the U.S. Midwest.
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Read More »Reuters – Wall Street rallied for a fourth day on Thursday after Greek lawmakers passed a second austerity bill designed to prevent a default, while business activity in the U.S. Midwest surged.
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Read More »Reuters – Stock index futures pointed to a fourth day of gains for Wall Street on Thursday, the day the Federal Reserve ends its QE2 bond buying program, as optimism that Greece’s debt problems are getting resolved helped lift equities from their recent lows.
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Read More »U.S. stock futures edge higher Thursday, extending recent gains, as investors await data on jobless claims and regional business conditions for more clues on the state of the recovery.
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AP – Shares in Chinese auto and battery maker BYD Co. jumped 44 percent in their debut on the Shenzhen Stock Exchange on Thursday, despite news that the company’s profit fell by 84 percent in the first quarter.
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AP – Asian markets moved higher Thursday, a day after Greece approved a harsh austerity package to prevent the heavily indebted country from a massive default.
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