[at The Wall Street Journal] - Caterpillar, IBM Lead Gains Stocks climbed, with J.P. Morgan Chase, Caterpillar and IBM leading the charge as a better-than-expected jobs report for August helped the market snap a three-week losing streak.
[at The Wall Street Journal] - Small Stocks Extend Streak The Russell 2000 rose 4.31% for the week, extending its three-week streak of gains for the longest run since the five-week period that ended April 23. Take-Two Interactive was up 7.3%.
[at Reuters] - Mid- and small cap stocks rose on Friday after the latest data on U.S. employment raised hopes that the economy may not be weakening as feared.
[at MarketWatch] - The U.S. financial sector finishes on a high note Friday as better-than-expected jobs data fuel hopes the economic recovery isn t being derailed.
[at CNBC] - Following are the week s biggest winners and losers. Find out why shares of Take Two and SanDisk popped while Campbell Soup dropped.
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[AP] - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
[AP] - The stock market had its first winning week in a month thanks to better news on the economy. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains.
[AP] - A UPS cargo plane with two crew members on board crashed shortly after takeoff Friday outside Dubai, officials said. The state news agency WAM, quoting the General Civil Aviation Authority, reported that the "bodies of two pilots" had been found at the scene, but UPS did not confirm that.
[AP] - What now for the Gulf? News of another oil rig fire in the Gulf of Mexico, so soon after the BP oil spill, has set off a wave of anxiety along the Gulf Coast and prompted calls for the government to extend its six-month ban on deepwater drilling.
[AP] - Canada's Goldcorp Inc. said Friday it has agreed to buy Andean Resources Ltd. for about 3.6 billion Canadian dollars , trumping a rival bid from Eldorado Gold Corp.
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BloggingStocks: The Federal Reserve Open Market Committee (FOMC) issued its statement indicating again that interest rates will remain low for an extended period of time and that proceeds from agency debt and agency mortgage-backed and Treasury securities will ... Read moreFiled under: Market Matters, Economic Data, Headline News, Federal Reserve, Financial Crisis
BloggingStocks: The Federal Reserve Open Market Committee (FOMC) issued its statement indicating again that interest rates will remain low for an extended period of time. Thomas Hoenig dissented against the FOMC statement and wants a much tighter monetary policy. He ... Read moreFiled under: SEC Filings, Market Matters, Economic Data, Headline News, Federal Reserve, Recession, Financial Crisis
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