Amid tough job market in the US, job seekers are seeing some glimpse of hope, with a survey showing nearly six in ten workers laid off in the last year have landed new jobs. According to a report by online employment firm CareerBuilder, about 58 per cent of those laid off in the last 12 …

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The benchmark indices have been trading in a listless manner in the past one hour. The Sensex is at 16,399, up 43 points, and the Nifty is at 4,903, up four points. Among the sectoral indices, metal, realty and consumer durables are in the limelight, while banking and power indices are th…

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Ashok Leyland, the commercial vehicle maker, has reported a 450 per cent increase in net profit for the quarter ended December 31, at Rs 104.6 crore as against Rs 18.9 crore for the corresponding period in the last financial year. Sales revenue was up 81 per cent to Rs 1,815.5 crore from…

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Economy grows for 2nd straight quarter at better-than-expected 5.7 pct rate, best since 2003 Christopher S. Rugaber, AP Economics Writer, On Friday January 29, 2010, 1:29 pm WASHINGTON (AP) — The economy’s faster-than-expected growth at the end of last year, fueled by comp…

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By Mark Felsenthal and Pedro da Costa WASHINGTON (Reuters) – The Federal Reserve voiced a cautious note of optimism on the U.S. economy on Wednesday as it stuck to its pledge to keep interest rates near zero for a while to ensure a sustainable recovery. The policy statement reflec…

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Indian stocks slid for the sixth consecutive trading day on Wednesday tracking weak Asian and European cues amid global nervousness over US President Barack Obama’s bank reform plans and monetary policy tightening in China. The strengthening US dollar, perceived a safe haven for risk-av…

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Most people think that after they buy a stock, that stock tends to move down rather than moving up. This always anticipates them to think before purchasing any stock or share that they are likely to loose money in a script invested in. I have heard people say that luck & patience pla…

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The Union Budget is a few weeks away and entities across sectors are busy drafting their wishlists. Officials of the Bombay Stock Exchange (BSE), Asia’s oldest, are busy, too, but to get the exchange’s almost dormant equity derivatives segment in order by the Budget eve. BSE official…

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FIIs unwind positions; first rise since extended trading hours. The turnover in equity derivatives on the National Stock Exchange (NSE) on Thursday recorded a jump of close to 80 per cent, the first surge this year after extension of trading hours. Around 4.39 million future and option (…

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By Rodrigo Campos NEW YORK (Reuters) – U.S. stocks were having their worst day of 2010 on Wednesday as lending restrictions in China worried investors about the global economic recovery, while a conservative outlook from IBM weighed down technology shares. Official media and banki…

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