S&P 500 gains 0.4% on Sears Holdings

Source: Dukascopy Bank
S&P 500 index retreated on Thursday, after Labor Deparment said the unemployment claims remained unchanged last week. US index advanced 0.43% or 5.80 points and settled at 1,363.46. Sears Holdings rallied 19%. Although company reported worse than expected earnings, its share price was boosted by plans to derive some stores and sell others. Hewlett Packard plunged 6.5%, most in 6 months on disappointing 2nd quarter profit as its PC sales declined by 15%.

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Fri, 24 Feb 2012 14:02:05 GMT

Dow Jones Industrial Average index climbs on Procter & Gamble news

Dow Jones Industrial Average index traded higher on Thursday as investors digested news about US employment and 0.7% price increase for US homes in December. Blue chip index climbed 0.36% or 46.02 points and closed at 12,984.69 with eight of nine industries posting gains. Procter& Gamble rallied 3% after company said it identified $10 billion in costs it can reduce

Fri, 24 Feb 2012 13:16:38 GMT

Lloyds reports annual loss of USD 4.4 billion

Lloyds Banking Group Plc, one of the UK largest lenders, announced its annual loss for 2011 was worse than expected. The total yearly loss amounted to GBP 2.8 billion (USD 4.4 billion) compared to a GBP 320 million loss in 2010, said Lloyds in its statement. Analysts questioned by Bloomberg earlier predicted a loss of GBP 2.41 billion. 

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