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Canadian Press - TORONTO (CP) - Resource stocks sent the Toronto stock market lower for a third session Friday, even as blue chips and tech stocks revived and the Canadian economy continued to shed jobs in August.
Crude hits $66.25 a barrel, down 16% from July. The Dow jumps about 61 in response. The dollar gains strength against the euro and the yen. Home builder Lennar cuts profit forecast. OPEC, CPI report will dominate markets next week.
Tragedy gives new direction and meaning to lives of Ground Zero survivors.

Treasury Secretary Henry Paulson (R) tours the trading floor of the New York Stock Exchange after the opening bell, with chief executive of the NYSE John Thain (C), in New York August 1, 2006. Paulson has launched a review of disaster planning for the financial markets, the Financial Times reported on Saturday. (Chip East/Reuters)AP - Wall Street rebounded moderately Friday from two losing sessions as oil prices dropped further and investors mostly shrugged off another warning from a homebuilder about declining demand. The major indexes ended the week with losses.


Traders work on the floor of the New York Stock Exchange in New York August 15, 2006. U.S. stocks rebounded on Friday after two consecutive days of losses, with steadily declining oil prices seen offsetting inflation fears roused earlier in the week. (Keith Bedford/Reuters)Reuters - U.S. stocks rebounded from two days of losses to end higher on Friday, as a week-long fall in oil prices and reassuring comments from a Fed official about inflation outweighed further signs of housing-market weakness.


Nasdaq Chief Executive Bob Greifeld speaks during a news conference in Mumbai, August 1, 2006. Greifeld told investors on Friday that expanding overseas could make sense, but refused to comment on questions about its strategy toward the London Stock Exchange. (Punit Paranjpe/Reuters)Reuters - Nasdaq Stock Market Inc.'s chief executive told investors on Friday that expanding overseas could make sense, but refused to comment on questions about its strategy toward the London Stock Exchange .


The new H-P way; Ford flip; endless Sumner; Lucent lip service; Advo cat fight.
AP - Nasdaq Stock Market Inc. Chief Executive Robert Greifeld said Friday he is mindful that his company must expand overseas, but cautioned that deals won't be made in haste.

Bet on the new BlackBerry - Comments Off

The launch of RIM's BlackBerry Pearl wasn't applauded on Wall Street. But company has a great track record, and its move into the consumer market should help the stock jump.

A man walks past a brokerage in Tokyo, September 7, 2006. (Toru Hanai/Reuters)Reuters - The Nikkei average rose 0.42 percent on Friday as investors scooped up Advantest Corp and others perceived to have retreated too far in recent days, while a drop in oil prices lifted airlines and rubber stocks.


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