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Austerity Opposition in Greece Sends Stocks Down (AMX, ALU)
Major indices fell today by as much as 0.8 percent as a cadre of Greek ministers fought against the austerity measures required to get the latest bailout deal. The University of Michigan's survey on consumer sentiment just came out and found that i...•
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- Greek officials agreed to the requisite austerity cuts to get the new bailout deal.
- Warren Buffet explains why equity outperforms commodities in the long run.
- The Postal Service reported a$3.3 billion loss for Q1.
- Eastman Kodak will be getting out of the camera business entirely.
- Five national banks reached a $25 billion settlement over mortgage fraud with state officials.
- PepsiCo (PEP) forecast a slowdown in 2012, including a plan to cut thousands of jobs.
- Groupon (GRPN) disappointed investors by reporting a net loss on their first quarterly earnings call.
- New jobless claims fell by 15,000, the Labor Department reported.
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Cisco (CSCO) Makes a Strong Comeback and Tops Earnings Estimates
This week, networking equipment maker Cisco (CSCO: Charts, News, Offers) topped Wall Street's second quarter forecasts on both profit and sales, with adjusted earnings of 47 cents per share on revenue of $11.5 billion. Analysts on average were expec... Read More
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On This Date
December 30, 1999:
The Nasdaq closed above 4,000 for the first time less than two months after its first close above 3,000. It ended up 84% for the year overall.
The Nasdaq closed above 4,000 for the first time less than two months after its first close above 3,000. It ended up 84% for the year overall.
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