NEWS

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Wall St rallies as banks boost sentiment

U.S. stocks rose about 5 percent on Tuesday after Citigroup said it was profitable in the first two months of 2009 and a key lawmaker said he expects the restoration of a rule that makes it harder to bet that a share's price will fall.

GE shares soar in broad market rally

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Shares of General Electric Co soared 15.9 percent on Tuesday amid a broad rally in U.S. stocks triggered by assurances from Citigroup Inc that the big bank was profitable through the first two months of 2009.

GE shares soars in broad market rally

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Shares of General Electric Co soared 15.9 percent on Tuesday amid a broad rally in U.S. stocks triggered by assurances from Citigroup Inc that the big bank was profitable through the first two months of 2009.
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Wall Street rallies as Citi memo fuels optimism

Stocks rose sharply on Tuesday as financials led a broad run-up from 12-year lows after reassurance from Citigroup about its performance, while investors turned hopeful about efforts to stem the economic slide.
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Asian stocks gain, recovery seen fragile

Asian shares outside Japan posted their best gains in a month on Tuesday while safe-haven flight to the dollar eased, but the moves were seen as only a momentary reprieve from a gloomy economic outlook.
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Asian stocks gain, but rise seen fragile

Asian shares rebounded on Tuesday from a three-session losing streak, while the safe-haven bid on the dollar retreated in moves seen as a momentary reprieve from concerns about the weak outlook for the global economy.
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Wall St. slips as drug M&A overshadows banks

U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
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Wall St slips as drug M&A overshadows banks

U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
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Wall St. slips; drug deal news eclipses banks

U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
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Wall Street slips as drug deal news offsets banks

Stocks fell in choppy trade on Monday as gains in the energy and banking sectors were more than offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
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Dow and S&P up but drugs weigh

The Dow industrials and the S&P rose modestly while the Nasdaq dipped in choppy trade on Monday as gains by the energy and banking sectors were offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
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Dow and S&P up as energy and bank gains offset by drugs

The Dow industrials and the S&P rose modestly while the Nasdaq dipped in choppy trade on Monday as gains by the energy and banking sectors were offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
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Stocks rise on oil's surge, tech rebound

Stocks rose in choppy trade on Monday as surging oil prices lifted shares of energy companies, while positive broker comments spurred a rebound in technology bellwethers such as Microsoft Corp after a plunge on Friday.
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Bank woes to hit Wall Street

Stocks were set to hit fresh 12-year lows at Monday's open as a lack of confidence in steps to shore up ailing banks persisted, offsetting Merck's proposed $41 billion takeover of Schering-Plough .
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Nikkei hits 26-year low as funds leave Asia

Japan's Nikkei average struck a 26-year low on Monday and other Asian markets slipped on worries about the fate of General Motors and U.S. banks, while the yen edged up in a slight reversal of its broad slide.
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UK may get 75 percent Lloyds stake in asset deal: source

Britain will take a stake of up to 75 percent in Lloyds Banking Group after agreeing to a deal that would cap the bank's losses on about 250 billion pounds ($356 billion) of its risky assets, a person familiar with the matter said on Friday.
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Dow, S&P buoyed by oil; Nasdaq falters on techs

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.
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Wall St. hit by Apple, banks and grim jobs data

Stocks fell to further 12-year lows on Friday as a bearish brokerage view on Apple Inc prompted a sell-off in technology shares and overhanging fears about the banking system's future weighed.
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Dow and Rohm in talks on disputed deal

Dow Chemical Co and Rohm and Haas Co said they are back at the bargaining table to try to settle litigation related to their proposed merger, sending both companies' stock up more than 15 percent.
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Wall St. drops on Apple gloom, bleak jobs data

Stocks fell on Friday, extending a slide to 12-year lows, on a sell-off in shares of big-cap technology companies after a brokerage cut its price target and profit views for bellwether Apple Inc .
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Wall St. rebounds on energy and bank stocks

Stocks rose on Friday as a climb in commodity prices sent shares of natural resource companies higher and a dividend cut at Wells Fargo lifted banks, offsetting more bleak news about the labor market.
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Stock futures slip on caution before jobs data

Stock index futures dipped on Friday as investors feared government payrolls data for February may show the recession is deepening and extend Wall Street's recent fall to 12-year lows.
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Dow and S&P hit 12-year lows

Stocks slid on Thursday with the Dow and S&P falling to 12-year lows as General Motors' warning of possible bankruptcy and concerns about the banking system's fate reinforced investors' reluctance to take on risk.
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Wall St. sinks on financials, GM woes

Stocks slid on Thursday, hit by persistent worries about major banks, including Citigroup , and a warning from General Motors about a possible bankruptcy.

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