Shares of Research In Motion Ltd jumped nearly 10 percent on the Toronto Stock Exchange on Thursday, following similar gains in New York on Wednesday, in a rebound from last week's sharp decline.Last Friday, the volatile stock plunged more than 20 percent after the company said on an earnings conference call that it was rolling out a new fee structure for its services segment, which some investors...
A surprisingly good vintage as market logs gains
Labels: BusinessNEW YORK (AP) — If you'd told investors what was going to happen in 2012 — U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in China, fiscal deadlock in Washington, decelerating corporate earnings growth — and asked how the stock market would perform, few would have predicted a good year.But that's just what they got.The Dow Jones industrial average, the Standard...
Stocks surge after last-minute budget deal reached
Labels: BusinessStocks are opening sharply higher on Wall Street after lawmakers averted sweeping cuts in government spending and with a last-minute budget deal.The Dow Jones industrial average jumped 232 points to 13,336 shortly after the opening bell Tuesday, the first trading day of 2013. That's a gain of 1.8 percent.The Standard & Poor's 500 index shot up 29 points, or 2 percent, to 1,455. The Nasdaq composite...
'Fiscal cliff' deal sends markets shooting higher
Labels: Business The "fiscal cliff" compromise, for all its chaos and controversy, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year.All the major U.S. stock indexes swelled by at least 2 percent. For the Dow Jones industrial average, up 263 points soon after the market opened, it was the biggest surge in six months.Stocks around the world also leapt higher....
Nigerian stocks continue gains, up 1.5 pct on banks
Labels: BusinessLAGOS (Reuters) - Nigerian stocks rose 1.5 percent on Wednesday in thin trade, led by heavy weight banks, adding to optimism that a surge in share prices last year will continue into 2013.The index of Nigeria's top-10 banks on Wednesday gained 3.5 percent to help lift the all-share index up 424 points to 28,502 points by 1404 GMT.Sub-Saharan Africa's second biggest index crossed a 28,000 point psychological...
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UN says more than 60,000 dead in Syrian civil war
Labels: WorldThe United Nations gave a grim new count Wednesday of the human cost of Syria's civil war, saying the death toll has exceeded 60,000 in 21 months — far higher than recent estimates by anti-regime activists.The day's events illustrated the escalating violence that has made recent months the deadliest of the conflict: As rebels pressed a strategy of attacking airports and pushing the fight closer to...
Nominee to be Libyan foreign minister turns down the job
Labels: WorldTRIPOLI (Reuters) - The man proposed as Libya's foreign minister has rejected the post despite being cleared by an Integrity Commission which was asked to examine his ties to deposed leader Muammar Gaddafi.Ali Aujali, Libya's former ambassador to the United States was among eight of the 27 ministers nominated by Prime Minister Ali Zeidan who were referred to the commission, which studies the backgrounds...
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