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Traders work on the floor of the New York Stock Exchange

World Market Update 04/19/2011

US stocks ended sharply lower on Monday after Standard & Poor’s (S&P) revised its rating outlook on the United States to negative.

Samsung to sell HDD unit to Seagate for $1.4 billion

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Samsung Electronics Co said on Tuesday it had agreed to sell its hard-disk-drive business to Seagate Technology for $1.4 billion in cash and stock, as it plans to focus on its bread-and-butter memory-chip business.

Stock index futures signal dip; TI eyed

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Stock index futures pointed to a slightly lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.1 percent at 0733 GMT.
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Wall Street posts biggest fall in a month

Wall Street fell more than 1 percent on Monday as sovereign debt fears on both sides of the Atlantic and monetary tightening by China hurt the outlook for global economic growth.
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Gold hits record near $1,500 after S&P cut

Gold prices rallied to a record high $1,497.20 an ounce on Monday after Standard & Poor's downgraded its credit outlook for the United States and as investors worried about debt in the euro zone and inflation in China.
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Philips CEO turns off TV in search of profit

Philips is hiving off its once leading television business, the first step by new chief executive Frans van Houten to boost flagging profit at Europe's biggest consumer electronics maker.
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LG Display flags sector recovery on steadier prices

LG Display, the world's No.2 flat-screen maker, is starting to see signs of recovery in depressed TV panel prices as it forecast a return to profitability in the current quarter after reporting its second consecutive quarterly loss.
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Wall St drops on U.S. cut, global economic worry

U.S. stocks dropped on Monday after ratings agency Standard & Poor's cut its long-term outlook on the United States and another step by China to stem growth reignited worries about the global economy.
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Gold spikes to new record just $5 short of $1500 per ounce

Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
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Wall St set to open lower on global jitters

U.S. stocks were poised for a lower open on Monday after China took another step to stem the growth of its economy and worries persisted Greece may need to restructure its debt.
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Car makers go local to tap China growth

Global auto makers and their Chinese partners are rolling out dedicated local brands and targeting buyers in smaller towns and cities as growth in the world's largest auto market slows from its breakneck pace.
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Stock futures lower on earnings worry

U.S. stock index futures fell on Monday before a raft of corporate earnings, including Citigroup, as investors weigh whether corporate results and outlooks will be hurt by rising commodity costs.
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Stock futures signal losses; Citi eyed

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.45 percent, Dow Jones futures down 0.39 percent and Nasdaq 100 futures down 0.4 percent at 0817 GMT.

China: 18 killed in hailstorm

At least 18 people were killed so far in southern Guangdong province in China as hailstorms and high-speed winds swept the region

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