GLOBAL MARKETS

U.S. Stock Index Futures Signal Early Rebound

Traders work on the floor of the New York Stock Exchange
Stock index futures pointed to a higher open on Wall Street Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.5 percent at 0906 GMT.
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Five Classic Rock Videos

Five Classic Rock Videos

Here are five classic videos from the era when rock ruled the airwaves -- ranked from least to most favorite. Enjoy.
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Oil Trades below $98 on EU Summit Doubts

Crude oil prices dropped below $98 a barrel in Asian trade Friday as investors' hopes dimmed over the outcome of a crucial European Union summit later in the day.
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Asian Stocks Plunge on ECB Restraint

Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.
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British Financiers Getting Socked By UK Politicians, Central Bankers, Regulators

In the past few months, but particularly in the last few days, the British Chancellor of the Exchequer and the Governor of the Bank of England, roughly British equivalents to the American Treasury Secretary and Fed Chairman, have become the bane of the English banking system's existence. Other British government officials have also joined the fray.
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Consumer Credit Up $7.65 Billion in October, Beating Consensus

U.S. consumer credit holdings grew by $7.65 billion in October, the U.S. Federal Reserve said in its monthly report on consumer credit today. That growth, which represents an annualized rate of 3.7 percent, was more than had been expected by economists, who forecast growth close to $7 billion. The credit growth figure for September, which had been previously reported as $7.39 billion, was revised to a less-impressive $6.88 billion.
Shopping carts are seen outside a new Walmart Express store in Chicago

Wal-Mart in India Deal is Off: PM Manmohan Singh Backs Off Foreign Retailers Plan

India has retracted its plan to allow foreign retail chains like Wal-Mart and Britain's Tesco to open in the country, according to multiple reports. The reversal comes less than two weeks after the global business sector and the Indian government heaped praise on the original deal to let foreign retailers into India to jolt the country's economy and lower prices for farmers and consumers.
Headquarters of French bank Societe Generale in the La Defense business district near Paris

European Banks Going Through "Oil Shock": French Bank Chief

The deputy chief executive of French banking giant Société Générale (Paris:GLE) said during a conference in Paris Wednesday that the global banking industry is going through a "paradigm shift," according to the Wall Street Journal and Dow Jones Newswires.
Raj Rajaratnam at sentencing

Hedge Funds Getting It From All Sides... Or Not

To hear it from one side, private equity and hedge fund managers are under a veritable siege: under attack from politicians, regulators, an ornery market and uneasy clients. But the hedge fund managers themselves seem to be saying all is good in Greenwich.

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