Durable Goods Orders Up, but Below Expectations 

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WASHINGTON—Orders for long-lasting U.S.-made goods rose in June, the government reported Thursday, but were below Wall Street expectations and a measure of business spending in the data fell unexpectedly, prompting concern about economic growth.
In another report, the number of new claims for U.S. unemployment benefits fell unexpectedly in the latest week to the lowest […]

Daily Report: Focus on New Homes Sales and Durables, Kiwi Tumbles after RBNZ Hike 

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Action Insight | Written by ActionForex.com | Jul 26 07 08:09 GMT |
Forex Daily Technical Report Focus on New Homes Sales and Durables, Kiwi Tumbles after RBNZ Hike
Dollar is generally firm and sets to continue the current recovery as markets are turning focus to today’s new home sales and durable goods orders data. […]

IN THE BLACK 

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May 27, 2007 — So much for Conrad Black as a suit-wearing bank robber.
After 10 weeks of testimony and five key witnesses, prosecutors have yet to put one victim on the stand who would tell of being defrauded by this one-time press baron.
This, after the government promised the jury in its opening statement […]

Rep. Jefferson pleads not guilty 

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ALEXANDRIA, Va. (AP) Rep. William Jefferson, D-La., pleaded not guilty Friday to charges of racketeering, money-laundering and soliciting more than $400,000 in bribes in connection with years of trying to broker business deals in Africa.
Jefferson said little during the hearing in federal court in Alexandria, Va., but said he understood the charges. He […]

Backlog leaves Army recruits waiting for training 

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The latest recruitment drive for the Australian Defence Force (ADF) appears to have hit a snag, with a major backlog in training for soldiers.
The ADF has estimated that about 300 Army Reserve recruits have not yet been trained, while four out of five of those who have enlisted will face waits of between one and […]

Stocks Level Off After Midday 

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Watch today’s Markets Desk video.
Stocks paused at lunch time after erasing early losses. Volume remained below Friday’s light trading levels.
The NYSE composite was up 0.4% at 12:50 pm ET. The Nasdaq was up 0.2%, the S&P 500 0.3% and the Dow 0.2%. Volume was running about one-fifth lighter on the main exchanges.
Crude oil, […]

Facebook founder under fire 

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Facebook, one of the hottest social-networking sites on the Internet, landed in a Boston courthouse Wednesday facing charges that its founder stole the idea for the company from a competing site.
ConnectU, a much smaller social network in Connecticut, charges that Facebook’s Mark Zuckerberg took the idea for the online college community from ConnectU, where […]

Options In Focus: IBD 100 Options 

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Wednesday was likely a busy one for many option traders that focus on IBD 100 stocks. With volatile price swings, earnings and increased premiums across-the-board, there were plenty of reasons for considering adjustments and perhaps opening fresh positions as well. In the following, we’ll recap a couple of the more extreme regions of that particular […]