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World stocks fall ahead of EU summit

World markets fell Monday on concerns that Greece’s financial problems will not be solved by a tentative deal to cancel part of its debt, while European leaders met to find ways to revive the region’s ailing economy. The leaders meeting in Brussels will likely focus on how to stimulate economic growth and create jobs at… Continue Reading World stocks fall ahead of EU summit

US factory orders fall for second straight month

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Companies decreased their overall orders to U.S. factories in October for the second straight month, evidence that the economy remains weak despite other signs of improvement. The Commerce Department said Monday that total factory orders fell 0.4 percent. September’s modest 0.3 percent increase was also revised to show a 0.1 percent drop. Demand for so-called… Continue Reading US factory orders fall for second straight month

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Oil falls as nation’s crude supplies rise

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Oil prices fell Wednesday after the nation’s oil and gasoline supplies rose last week with the release of millions of barrels from the Strategic Petroleum Reserve. Benchmark West Texas Intermediate crude for September delivery lost $1.49 at $98.10 per barrel in midday trading on the New York Mercantile Exchange. In London, Brent crude rose 8… Continue Reading Oil falls as nation’s crude supplies rise

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