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Monday, January 12, 2009

Your Financial and Economic news and Earnings

Earnings News

  • A valve is seen in front of a pipeline at the Russian gas compressor station in Sudja near the Russian-Ukrainian border. Oil prices slid under 40 dollars Monday on concerns that a deepening global economic downturn could spark a slump in demand for energy, analysts said. The market was also weighed down by news of a possible resolution to the ongoing Russia-Ukraine gas supply crisis, they added.(AFP/Sergei Supinsky)
    Oil falls below $38 as earnings season begins AP - 1 hour, 17 minutes ago

    SIOUX FALLS, S.D. - Falling crude demand in the world's largest consuming nation drove oil prices Monday to a new low for the year as the U.S. enters a corporate earnings season expected to be fraught with bad news.

  • The Citi trading post sign is seen on the floor of the New York Stock Exchange, November 24, 2008. UNITED STATES) (Reuters)
    Stocks slip ahead of earnings reports AP - 1 hour, 53 minutes ago

    NEW YORK - Wall Street extended last week's sell-off Monday as stocks declined ahead of quarterly earnings reports expected this week and as another drop in oil prices weighed on energy stocks.

  • Dutch printer maker Oce profits down 98 pct AP - Mon Jan 12, 4:32 AM ET

    AMSTERDAM, Netherlands - Dutch printer maker Oce NV said Monday its earnings plunged 98 percent in the fourth quarter, as business slowed sharply amid the global economic downturn, and said it would seek to cut costs.

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