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Florida Hurricane Packs Winds but No Damage
Aug 25, 11:50 PM ET |
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| Natural gas price reach all-time high and crossed $10 only for the third time since 1990. Japan's July trade surplus shrinks 23% on higher oil prices. |
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| Florida braces for storm and oil and gas markets hit new high. Natural gas prices reached all-time high and closed at $9.984 MBTU highest since the futures began trading in 1990. The natural gas prices are 80% higher than a year ago. Hawaii prepares to enforce price caps for gasoline and natural gas as of Sept 1. |
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Flat Market on Light Trading
Aug 25, 1:28 PM ET |
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| Vonage plans $600 million IPO, Dollar General, Toll Brothers and Tech Data posted better-than-expected earnings. |
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| Oil retreated after hitting a record high and stocks remained in the positive territory. Yet another restructuring at Eastman Kodak and GE's $1.6 billion purchase of a stake in Turkey's No. 3 bank are in the spotlight. The number of Americans filing new claims for unemployment benefits dropped last week with the four-week average for people receiving benefits reaching a 4-year low. |
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Daily Spike in Oil
Aug 25, 10:46 AM ET |
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| Vonage plans a $600 million IPO, Dollar General, Toll Brothers and Tech Data posted better-than-expected earnings. |
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| Oil slightly retreated after hitting a record high and stocks opened slightly above flat line. Re-organization at Eastman Kodak and GE's $1.6 billion purchase of a stake in Turkey's No. 3 bank are in the spotlight. The number of Americans filing new claims for unemployment benefits dropped last week with the four-week average for people receiving benefits reaching a 4-year low. |
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Market May Have to Fight Oil
Aug 25, 8:55 AM ET |
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| Indonesian shares climbed after a week of declines, European markets were lower, dollar lost ground vs. yen and euro, oil hits all-time high. |
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| Oil retreated after hitting a record high and stocks are expected not to lose ground as futures indicate a flat opening. On Thursday morning traders will certainly focus on jobless claims, seen slightly down from last week, but oil prices draw the main attention. Oil neared $68 a barrel in Asian trade Thursday as a tropical storm threatened to disrupt supply from the US Gulf Coast. Toll Brother’s 3Q profit more than doubled. Vonage plans a $600 million IPO. |
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