US stock futures decline on the euro zone woes

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Source: Marketwatch

US stock futures decreased on the worries about spreading debt crisis in Europe. Futures on the Dow Jones Industrial Average lost 71 points to 11,163 while futures on the Standard & Poor's stock index decreased by 9.19 points to 1,150.8. Nasdaq futures lost 17 points to 2,144. The drop occurred after Italy's bill auction on Friday.

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Fri, 25 Nov 2011 14:08:20 GMT

Lukoil's quarterly net income below forecast

Russia's largest private oil producer OAO Lukoil Holdings reported the net profit in Q3 decreased by 20%. The company announced net profit for period was $2.24 billion as compared to $2.82 billion in 2010. The current profit is far away from expected $3.18 billion, according to a survey conducted by Dow Jones Newswires. Overall production of the company declined by 5.3% to 2.11 million barrels

Fri, 25 Nov 2011 14:06:39 GMT

FTSE 100 falls on European officials' announcements

After closing lower on Thursday at 5,127.60, UK's benchmark index FTSE 100 extended its losses during Friday trade dropping 0.8% to 5,088.29. BHP Billiton PLC and Rio Tinto PLC were among main decliners both giving up 1.8% after metal prices declined. The drop in FTSE 100 is closely linked to overall drop in European markets as Angela Merkel rejected issuance of Eurobonds and Hungary was

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