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40 years of inflation Vs 80 years of pricing

By Adrian Ash If WallStreet stock can surge 200 points on falling earnings, an 11% drop in housing starts, and a 16 year record for consumer price inflation just as the Dow Jones Industrial...
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Oil Drops Slightly after Record High Above $115

Crude declined slightly on Thursday after reaching an all time record high on a report that U.S. crude and gasoline inventories fell.Crude inventories dropped more than expected last week by 2.36 m...
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MySpace Launches Social Networking Site in India

Social network portal MySpace, a unit of Rupert Murdoch's News Corp., launched its India-dedicated Web site on Thursday, named MySpace India, expanding its presence into 29 global regions.MySp...
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MGIC Swings to Loss but Shares Gain

MGIC Investment Corp., the largest U.S. mortgage insurer, reported a smaller than expected first quarter loss, sending its shares up more than 20 percent.MGIC lost $34.4 million, or 41 cents per sh...
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Freddie Mac to Offer Banks Pricing Commitments

Freddie Mac has agreed to make 90-day commitments to several large banks on the pricing of conforming jumbo loans, according to a report.The government-sponsored home loan lender will offer the d...
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Double Brownie points for the Fed

By Dr Ron Paul There has been much talk in the media recently about the Federal Reserve and the actions it has taken over the past few months, writes US Congressman Ron Paul.Many news pund...
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'$1 000 Gold Still Very Cheap in Real Terms'

Greg McCoach, editor of Mining Speculator and President of AmeriGold, likes owning the physical metal. In this article, the second of a three part interview (see Part I) Greg tells us why. In Part Th...
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J.C. Penney Cuts Back on '08 Growth Plans

JC. Penney Co., the third largest U.S. department store chain, said it will open fewer new stores this year than originally planned and it will increase its efforts to attract frugal shoppers away from rivals by revising its marketing pitch and adding new brands.
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EBay Posts 22% Quarter Profits

Online auctioneer eBay Inc. posted a 22 percent rise in first-quarter on Wednesday, beating analyst expectations, with its revamped website adding buyers for the first time in a year and favorable currency rates.
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Bank Profits Fall but Surpass Expectations

A pair of the largest U.S. banks reported that profits in the first quarter fell due to the housing downturn but they still managed to beat Wall Street analysts' expectations sending shares higher.
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Dow Gains 250 Points on Upbeat Earnings

U.S. stocks rallied on Wednesday on upbeat earnings results from Intel Corp. and financial giant J.P. Morgan Chase gave new hopes that companies are still making money while the U.S. economy takes a downturn.
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This Week in Petroleum - Apr 16

Time of the Year If winter is the Most Wonderful Time of the Year as the popular song implies, it may not be too much of a surprise that gasoline consumers find the spring and summer anything but w...
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JPMorgan Beats Forecasts as Shares Rise

JPMorgan Chase & Co., the third largest U.S. bank beat expectations on Wednesday, despite reporting a 50 percent drop in first quarter profit as it wrote down $5.1 billion in assets linked to mortgages and other loans.
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Global Sales Boost Coca-Cola Profit

U.S. soft drinks giant Coca Cola reported Wednesday that better-than-expected first-quarter profit backed by an increase in international sales and favorable foreign currency conversions boosted revenue.
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Japan Stocks Continue to Rise Modestly

Japan stocks continued to rise Wednesday because of weaker yen and U.S. market recovery the previous day, but fears of a weak American earnings week restrained aggressive investing.
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Inflation Data helps Dollar post gains

The dollar rose against the euro yesterday as surprisingly robust U.S. inflation and manufacturing data suggested the Federal Reserve may be less aggressive in cutting interest rates.
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Why Crude Oil is on fire

By Jon Nadler Gold prices took off for higher ground overnight as the divergent oil and dollar fueled additional speculative interest in the metal.There is still somewhat of a disconnect i...
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High oil prices is no good news for oil cos

By Sergei Guriev, Anton Kolotilin, Konstantin Sonin As oil prices rise, global oil companies may seem to be making up for previous times when revenues barely covered production costs. Howeve...
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Tech, Energy Shares Boost Asia Stocks

Technology an energy companies helped push Asian markets higher on Wednesday following a good quarterly results and a bullish outlook by chip maker Intel Corp in the U.S. on Tuesday and record oil prices.

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