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Posts Tagged ‘GSAE’

Stocks fall after new government reports delivered mixed signals on the state of the economic recovery

The Labor Department said lower energy prices pushed U.S. wholesale prices lower in September, leaving a larger-than-expected monthly decline in the producer price index. Wall Street economists expected a flat reading. The drop comes after a steep rise in August.

Separately, the Commerce Department said home building rose a third time in four months during September, reflecting higher sales this year. The increase, however, was smaller than expected.

The reports overshadowed earnings reports from companies including chemical maker DuPont and Pfizer Inc., the world’s biggest pharmaceutical company.

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Stocks drop after disappointing reports from Bank of America, GE

Stocks fell sharply early Friday after a bigger-than-expected loss at Bank of America and a weak report from General Electric reminded investors that businesses and consumers are still struggling to pay off their debts.

Bank of America Corp. said it lost more than $2 billion after preferred dividends in the third quarter, steeper than what analysts had been expecting. One of the largest recipients of government bailout funds, the bank said its losses from failed loans came to almost $10 billion.

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Oct. 14, 2009 (Business Wire) — Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce that an analysis of the Veliko Gradiste zone demonstrates the potential for 50MW of wind energy development. As per the agreement with the municipality, Green Star is exploring the economic viability of the region’s wind resources to determine whether to exercise the right to develop wind power and supply the area with green electricity.

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Stocks edge higher amid growth in manufacturing and housing

News that the manufacturing industry has grown for the first time in 18 months is giving the stock market a boost.

The slight gains follow declines in European shares and a modest rebound in Asian markets.

The Institute for Supply Management says its index of manufacturing activity rose to 52.9 in August, up from 48.9 in July and well above the reading of 50.5 analysts had been expecting.

A reading above 50 signifies growth in the industry — something that hasn’t happened since January 2008.

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US Stocks are lower after huge sell-off in China stocks

Stocks sold off broadly Monday after China’s main index plunged 6.7 percent, adding to a nearly 3 percent drop on Friday. The selling of Chinese shares has been fed by concerns over a tightening in bank lending that could hurt the country’s economy. That in turn has weighed on markets around the globe this month. Markets in Japan and Europe were also lower.

There was little U.S. economic news expected Monday, but key readings come later this week on manufacturing and employment in August that have the ability to either sustain or upset the market’s massive six-month rally.

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Stocks are mixed as Intel Raises Revenue Forecast

Stocks were mixed in early trading Friday as technology shares got a boost from a rosy sales outlook from Intel Corp.

Intel shares rose nearly 5 percent, helping to lift the Nasdaq composite index more than 0.5 percent, after the world’s largest maker of computer chips said it now expects sales of up to $9.2 billion in the current quarter, up from its previous forecast of as much as $8.9 billion.

Intel’s upbeat report came a day after computer maker Dell Inc. posted better-than-expected results for its May-July quarter. While Dell’s sales continued to fall because of reduced spending by consumers and businesses, the company said it has seen signs of improvement.

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