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Global stocks gain, dollar rises towards 2008 peak

LONDON, Aug. 20, 2008 (Reuters) — World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares. ...  > full story

Fannie, Freddie fears, inflation slam Wall St

NEW YORK, Aug. 19, 2008 (Reuters) — U.S. stocks fell for a second straight session on Tuesday as credit worries hit bank shares and a report showing inflation remains a threat despite slower growth stoked the market's anxiety. ...  > full story

Bailout concerns slam Freddie, Fannie shares

NEW YORK, Aug. 18, 2008 (Reuters) — Investors dumped shares of Fannie Mae and Freddie Mac on Monday after a newspaper report said government officials may have no choice but to effectively nationalize the U.S. housing finance titans. ...  > full story

Lowe's profit tops Wall St

ATLANTA, Aug. 18, 2008 (Reuters) — Retailer Lowe's Cos reported a higher-than-expected quarterly profit on Monday as U.S. consumers spent tax rebate checks on spring projects, but it forecast third-quarter results below Wall Street estimates. ...  > full story

Home builders stay grim in August

WASHINGTON, Aug. 18, 2008 (Reuters) — Home builder sentiment was stuck at a record low in August, as stringent lending and a flood of foreclosed homes dragged on the real estate market, according to data from the National Association of Home Builders released on Monday. ...  > full story

Liechtenstein to lift some bank secrecy over tax

ZURICH, Aug. 15, 2008 (Reuters) — Liechtenstein bowed to international pressure on Friday to lift some of the veil of secrecy on its banks and make it harder for wealthy foreigners to hide money there after a German scandal over tax dodgers. ...  > full story

Consumers' mood improves

NEW YORK, Aug. 15, 2008 (Reuters) — Consumer confidence improved slightly in early August thanks to a drop in gasoline prices, but worries about a recession still weighed heavily on consumers' minds, according to a survey released on Friday. ...  > full story

Abercrombie & Fitch profit down; outlook short

NEW YORK, Aug. 15, 2008 (Reuters) — Teen clothing retailer Abercrombie & Fitch Co reported a lower quarterly profit on Friday and forecast full-year earnings below analysts' estimates, as the weak U.S. economy leads consumers to cut back on buying clothes. ...  > full story

Consumer prices up sharply, job market softens

WASHINGTON, Aug. 14, 2008 (Reuters) — U.S. inflation hit a 17-year high last month, underscoring the pressure on Americans who face soaring gasoline and food costs while their job prospects dim and incomes shrink. ...  > full story

Wal-Mart profit up, cautious on third-quarter forecast

NEW YORK, Aug. 14, 2008 (Reuters) — Wal-Mart Stores Inc second-quarter profit jumped 17 percent, but the discount retailer forecast current quarter results that could miss Wall Street estimates as consumers worldwide deal with tough economic times. ...  > full story
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