Stocks, Commodities & Currencies

IntercontinentalExchange Inc. Agrees to Buy the New York Stock Exchange (NYSE) for $8.2 Billion

December 20, 2012

“The buyer is IntercontinentalExchange Inc., which has become a financial powerhouse trading futures and derivatives involving commodities like oil and sugar.”

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U.S. Federal Judge orders Argentina to pay Holdout Investors the $1.3 Billion due by December 15th

November 22, 2012

“The judge also barred Argentina from paying other bondholders until it satisfies this judgment, putting the president’s back against the wall: if President Cristina Fernández doesn’t reverse her longstanding position and pay up, she risks setting off another Argentine debt default.”

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Chinese Currency (Yuan) hits a record-high versus the U.S. Dollar

November 13, 2012

“China abandoned a decade-old peg to the U.S. dollar by allowing its currency to fluctuate against a basket of currencies on July 21, 2005.”

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U.S. Stocks fall for the second-consecutive day following President Obama’s re-election

November 8, 2012

“The Dow Jones industrial average fell 121.41 points, or 0.9 percent, to 12,811.32. The Standard & Poor’s 500 index fell 17.02 points, or 1.2 percent, to 1,377.51.”

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Stock Market (Dow Jones Industrial Average) closes at 13232.62; or 3,908 points (41.9%) higher than this day four years ago

November 1, 2012

“The Dow Jones industrial average rose 136.16 points, or 1 percent, to close at 13,232.62.”

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Stock Market (Dow Jones Industrial Average) closes at 13,103.68; or 4,274 points (56.4%) higher than this day four years ago

October 25, 2012

“The Dow Jones industrial average gained 26.34 points, or 0.2 percent, to 13,103.68.

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Standard & Poor’s cuts Spain’s Debt Credit Rating rating by two levels, from BBB+ to BBB-

October 10, 2012

“Spain’s debt rating was cut to one level above junk by Standard & Poor’s. S&P assigned a negative outlook on the nation’s debt.”

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Facebook Inc. fought the U.S. Securities and Exchange Commission to avoid disclosing information about Mobile Ad concerns

October 10, 2012

“Only eight days before the IPO, on May 9, did Facebook make clear in a filing that that daily mobile customers were increasing faster than advertising growth, potentially hurting revenue and profits.”

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European Shares and the Euro Currency drop amid concerns about Economic Growth and Debt

October 10, 2012

“European shares fell for the third day running on Wednesday, while the euro and Spanish and Italian bonds came under fresh pressure as economic anxiety was compounded by stuttering progress in the battle against debt.”

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Analysts: U.S. September Quarterly Earnings marks the lowest Quarterly Earnings Season since 2009

October 8, 2012

“Wall Street analysts expect third-quarter earnings per share for S&P 500 companies will fall 2.7 percent versus the same quarter a year ago, according to FactSet. Just three months ago analysts had forecast growth of 1.9 percent.”

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Iranian Lawmakers criticize President Ahmadinejad over the Country’s Currency and Economy

October 7, 2012

“Iran’s parliament speaker Ali Larijani stopped an debate on impeaching Sports and Youth Minister Mohammad Abbasi, saying some lawmakers withdrew “because of the economic situation,” indicating that fixing the economy was more important than political moves.”

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Stocks – Dow Jones Industrial Average closes at a new 5-year high over 13,610

October 5, 2012

“The stock market rally, powered by a drop in the unemployment rate to 7.8%, its lowest level since January 2009, boosted the Dow Jones industrial average to a fresh five-year high even as other benchmark indexes closed lower Friday.”

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Euro depreciates and the Price of Oil falls over uncertainty related to Spain’s Bailout

September 30, 2012

“An independent audit on Friday showed Spanish banks will need a total of 59.3 billion euros ($76.3 billion) in extra capital to beef up their strength.”

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U.S. Treasury Department resisting General Motors’ request for the Federal Government to sell its stake in the Company

September 17, 2012

“GM executives are saying it hurts the company’s reputation and its ability to attract top talent due to pay restrictions. Officials at the Treasury Department were not interested as selling now would lead to a multibillion dollar loss for the government.”

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Iran’s Oil Minister: The cost of crude oil should be at least $150 a barrel

September 16, 2012

“Mohammad Ali Khatibi, who represents Iran on the board of governors of the Organization of the Petroleum Exporting Countries (OPEC) [said] that even price-sensitive consumers saw $100 a barrel as fair.”

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