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Wall Street ends flat as “fiscal cliff” focus lingers

November 30th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – The S&P 500 wrapped up its fifth positive month in the last six on Friday, although it ended the day flat as politicians remain at odds about how to avoid the so-called fiscal cliff. Trading has been choppy in the last two weeks as investors react to statements from policymakers on the state of discussions on how to avert a series of tax hikes and spending cuts that could pull the economy back into recession. The S&P 500 was up 0. 29 percent in November even as it suffered a slide of more than 6 percent from the month’s high to its low. . . .

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Wall Street flat, trading cautious; Obama to speak on “cliff”

November 30th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stocks were little changed on Friday as investors were hesitant to make big bets ahead of a statement by President Obama on the progress of budget talks in Washington that have recently driven volatility in financial markets. U. S. President Barack Obama, visiting a factory in Pennsylvania, will press his case on raising taxes on the wealthy to narrow the deficit. He is expected to make a statement around midday that is likely to impact markets. . . .

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Shares edge lower as U. S. budget talks stall

November 30th, 2012 admin Posted in Negocios No Comments »

LONDON (Reuters) – Concerns about the deadlock in crucial U. S. budget talks capped gains in world equity markets on Friday, while falling yields on Spanish and Italian bonds kept the euro near a one-month high. Markets are on edge over the lack of progress by political leaders in Washington as a failure to resolve their differences by year-end would trigger automatic spending cuts and tax rises that will tip the U. S. economy into recession. Many investors also expect that once the so called ‘fiscal cliff’ is resolved, the brighter economic outlook for China and the U. S. . . .

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Wall Street ends higher after swings on ‘fiscal cliff’

November 29th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stocks finished higher on Thursday as investors bought on sporadic dips in a market roiled by conflicting comments from Washington about negotiations on an agreement to avoid the "fiscal cliff. " Tech shares, including Research In Motion and Advanced Micro Devices , helped the Nasdaq outperform the broader market. Telecommunications and health-care stocks were the day’s best-performing sectors. Reflecting the uncertainty surrounding U. S. budget talks, trading was choppy. . . .

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Wall Street trims gains, volatile after Boehner remarks

November 29th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stocks climbed on Thursday, but shed some earlier gains, after John Boehner, the top Republican in Congress, poured cold water on hopes that lawmakers were getting closer to cutting a budget deal that would avert a possible recession next year. Boehner’s comment – that no "substantive" progress had been made in fiscal talks with the White House – was the latest in a string of contrary pronouncements by policymakers that have wobbled the markets as investors attempt to speculate over whether Washington will finally cut a deal. . . .

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Stock futures build on “cliff” rally ahead of data

November 29th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stock futures advanced on Thursday, building on the previous session’s steep gains, on expectations of progress toward reaching a fiscal agreement in Washington. * Markets will continue to focus on discussions in Congress to avoid big spending cuts and tax hikes – dubbed the "fiscal cliff" – and equities may retreat, as they did Tuesday, if the upbeat negotiation environment in Washington shifts. * Investors await data, including the second estimate of third-quarter gross domestic product, due at 8:30 a. m. ET (1330 GMT). Economists in a Reuters survey forecast a 2. . . .

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Audit firms sued in HP’s Autonomy acquisition

November 29th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – A new shareholder lawsuit over Hewlett-Packard’s acquisition of British software firm Autonomy has named Big Four audit firms Deloitte and KPMG as defendants, alleging they missed numerous red flags about Autonomy’s accounting. The lawsuit, filed on Tuesday in federal court in San Jose, California, also named HP’s board of directors, officers, and former executives, alleging breach of duty and negligence for their role in HP’s acquisition Autonomy. HP is expected to face a barrage of lawsuits by investors seeking to recoup losses. . . .

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Wall Street jumps in another “fiscal cliff” swing

November 28th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stocks rallied on Wednesday after comments from House Speaker John Boehner, the top Republican in Congress, on a possible compromise to avoid the "fiscal cliff" turned the market around. The S&P 500 rebounded from a 1 percent decline, gaining more than 20 points from its low after Boehner, an Ohio Republican, said he was optimistic that a budget deal to avoid big spending cuts and tax hikes can be worked out. President Barack Obama added to the good feelings, saying he hoped to get a deal done in the next four weeks. . . .

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Wall Street adds to losses after housing data

November 28th, 2012 admin Posted in Negocios No Comments »

NEW YORK (Reuters) – Stocks extended losses on Wednesday after data showed new single-family home sales fell slightly in October and the government revised sharply lower its estimate for the prior month’s sales, denting optimism over one of the brighter sectors of the economy. The Dow Jones industrial average dropped 104. 82 points, or 0. 81 percent, to 12,773. 31. The Standard & Poor’s 500 Index lost 12. 81 points, or 0. 92 percent, to 1,386. 13. The Nasdaq Composite Index fell 30. 76 points, or 1. 04 percent, to 2,937. 03. (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

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Asian shares fall as focus shifts to U. S. budget talks

November 28th, 2012 admin Posted in Negocios No Comments »

TOKYO (Reuters) – Asian shares ended a seven-day winning streak on Wednesday and commodities eased as investors fretted that a lack of progress in talks on U. S. budget woes risked putting the world’s largest economy into recession, dragging down global growth with it. European shares will likely track Asian peers lower. Financial spreadbetters predicted London’s FTSE 100 , Paris’s CAC-40 and Frankfurt’s DAX will open down as much as 0. 5 percent. A 0. 1 percent drop in U. S. stock futures also hinted at a soft Wall Street open. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0. . . .

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