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Oil Prices Sink Below $42 a Barrel (Fox News)
Oil prices crept higher Thursday, but aftershocks from an unexpectedly high increase in U.S. inventories kept the market subdued after a 12 percent plunge overnight.
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The Bank must act to bring lenders together (Financial Times)
The seizure of wholesale financial markets, distress of retail borrowers and apparent immunity of the financial sector to all remedial measures has produced an air of desperation among policymakers.
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Energy bills could fall below £1000 a year research reveals (Daily Telegraph)
Lower wholesale costs and weakening demand means 26 million gas and electricity customers could see £130 knocked off the price of annual bills exclusive research for The Telegraph shows.
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Wal-Mart disappoints, cuts forecasts (ShareCast via Yahoo! UK & Ireland Finance)
Retail giant Wal-Mart, which has done well recently, has succumbed to the tough conditions, posting sales below Wall Street estimates and cutting its fourth-quarter earnings outlook.
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U.S. stock futures plunge on poor earnings data ahead of U.S. employment reports (Schaeffers Research)
U.S. stock futures plunged far below fair value this morning, with Wall Street reacting negatively to news that Wal-Mart Stores (WMT) lowered fourth-quarter guidance...( Read More )
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US pre-open: Wall Street seen lower (ShareCast)
LONDON (SHARECAST) - Wall Street is expected to open with big falls as retail sales in December disappointed. Retail giant Wal-Mart, which has done well recently, has succumbed to the tough conditions, posting sales below Wall Street estimates and cutting its fourth-quarter earnings outlook.
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New store in West End (The Daily Iberian)
Attention shoppers, a new retailer is moving to the Teche Area, and is scheduled to open its doors in April. Henderson, N.C.-based Variety Wholesale Inc. will locate a Roses Store in the old Winn Dixie building on West Main Street.
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Crude falls for second day on job, retail numbers (AP via Yahoo! News)
Crude futures retreated for a second consecutive day as the government released more disheartening economic data and another inventory report suggested further erosion in energy demand.
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More evidence of waning demand sinks crude prices (AP via Yahoo! News)
Crude futures retreated for a second consecutive day as the government released more disheartening economic data and report suggesting further erosion of demand for energy.
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Holiday Sales Were Dismal, New Retail Data Confirms (New York Times)
The nation?s retail chains confirmed Thursday that they suffered one of the worst holiday shopping seasons in decades.
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