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- Gold Hits Record $1,130 as Dollar Drifts Lower
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Analysis: APEC Nations Back Face-Saving Climate Plan
- Shift Into High-Quality Stocks Could Move Market Higher
- Drug Study Questions Effectiveness of Merck's Drugs
- Military Arms Race Dominates Dubai Air Show
- Buffett: I Haven't Bought AMEX Shares in Years
- Cities With the Most Home Price Reductions
- Disaster Film '2012' Drowns Rivals at Box Office
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
MOST SHARED
- U.S. May Wind Up Green With Envy
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- Japan Third Quarter GDP Jumps; 2010 Growth May Slow
- Analysis: APEC Nations Back Face-Saving Climate Plan
- Disaster Film '2012' Drowns Rivals at Box Office
- The Cost of Thanksgiving Dinner 2009
- For Investors, The New Green Looks To Be White
- Dipping Into Green Investing
- Sustainability Indices Sprouting Up
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
Stocks were poised to rebound slightly Tuesday, as investors waited for some more data on the broader economy due shortly after the start of trading.
Energy was also in focus, although this time it was natural gas making headlines instead of crude. Natural gas futures rose more than 1 percent after Russian gas supplies to some EU countries fell sharply.
At the same time, US light, sweeet crude [US@CL.1
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] hit a one-month high above $50 a barrel as Israel's incursion into Gaza and a dispute between Russia and Ukraine over natural gas heightened concern about supply disruptions.
The move higher boosted shares of major energy producers, with ExxonMobil [XOM
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] climbing about 0.5 percent in premarket trading.
In corporate news, shares of Logitech International [LOGI
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] slipped after the world's largest computer mouse manufacturer cut its 2009 forecast and said it would be cutting jobs.
Also,
Dow Chemical [DOW
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] gained 3 percent after the company said it would pursue legal options in a failed joint venture with Kuwait's Petrochemical Industries.
In the financial sector, Merrill Lynch's [MER
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] brokerage head Robert J. McCann resigned just as the company's acquisition by Bank of America [BAC
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] was completed. McCann's departure can be related to continued tension with Merrill president John Thain, sources told CNBC.
McCann's departure could lead to a flood of Merrill's brokers following him out the door.
And General Electric's [GE
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] financial arm plans to sell $10 billion in FDIC-backed debt, the largest sale under the government loan guarantee program so far. (GE is the parent company of CNBC.)
In the auto industry, whose dismal sales for December nevertheless beat analyst expectations, Toyota Motor [TM
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] said it was suspending production in Japan for 11 days, while General Motors [GM
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] said its sales in China for 2008 were up 6 percent but slowing. GM shares gained 1 percent premarket.
Looking to the economy, the government will release the latest data on factory orders at 10 am New York time. Economists expect that orders fell 2.6 percent in November, compared with a 5.1 percent drop in October.
At the same time, the Institute of Supply Management releases its measure of non-manufacturing activity, with economists predicting the services index dropped to 37 last month from 37.3 in November.
- Where, what, how.
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.












