Stocks drift lower as uneven earnings weigh on market, putting two-week rally on hold NEW YORK (AP) — Mixed reports on the economy and earnings Monday sent the stock market drifting lower and easing off a two-week rally that lifted major indexes 11 percent. A government report sai…

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BS: From its October 2008 lows when the BSE Sensex touched 7,697 points, the markets have done a complete about turn. In the six months to March 2009, the markets were unable to sustain itself over the five figure mark.While the rise in global markets was the starting point,the run up to …

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Technical Analyst, Rajat K Bose is of the view that HDIL can give you 20-30% returns over the next three months or even more perhaps. Bose told CNBC-TV18, “Over the weekend what I have seen is a number of stocks that are suggesting that there could be good momentum in them. Already…

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LONDON (AP) — The British economy contracted by twice as much as economists had forecast in the second quarter, leaving it mired in recession and dashing recent hopes of an imminent recovery as premature. Official figures released on Friday showed that the economy shrank by 0.8 per…

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NEW YORK (AP) — The Dow Jones industrials rose back above 9,000 for the first time since early January. Investors snapped up a broad range of stocks Thursday, sending major indexes up more than 2 percent, after existing home sales jumped for the third straight month in June. The 3…

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Adani Power, a flagship company of Adani Group, has fixed IPO (initial public offering) price band at Rs 90-100/share. The minimum IPO bid slot set at 65 shares, reports CNBC-TV18. A power project development company, promoted by Adani Enterprises Limited, with total revenues of Rs 196 b…

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New York: Online auction firm eBay Inc has reported a 29 per cent drop in net profit at USD 327 million in the second quarter ended June 30, mainly due to drop in sales of its marketplaces business. The company had a net profit of USD 460 million in the corresponding year ago period, eBa…

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MUMBAI: ONGC today reported a 26% decline in net profit at Rs 4,848 crore for the first quarter ended June 30, 2009 when compared with Rs 6,636 crore in Q1FY09. Net sales also declined 26% to Rs 14,879 crore from 16,198 crore in Q1FY09. UTVi had estimated the bottomline to drop 28% and …

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DUBAI: Emaar Properties is still considering an initial public offering for its India MGF joint venture, in line with its strategy announced last year, the Dubai-based developer said on Thursday. Emaar, which is building the world’s tallest tower, said that while an IPO is being …

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NEW YORK (AP) — Morgan Stanley said Wednesday it lost more than $1.2 billion in the second quarter as it took charges to cover continuing losses in its real estate investments and its repayment of government bailout money. The investment bank said Wednesday it was also hurt for a s…

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