Euro drops to lowest since June 2010
NEW YORK (MarketWatch) -- The euro extended losses against the dollar on Wednesday, falling as low as $1.2387, from $1.2493 in North American trade late Tuesday. The euro hasn't closed below $1.24 since June 30, 2010, according to FactSet Research.
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Greek poll shows most want bailout terms revised
BOSTON (MarketWatch) -- A recent poll of Greek voters shows that most want to see the terms of the proposed financial bailout package revised, Bloomberg News reported Tuesday. In a poll of 1,600 Greeks conducted for Athens-based Mega TV, approximately 77% said they wanted the bailout terms revised. However, 52% said the country should remain in...
Stocks losses mount after drop in housing index
SAN FRANCISCO (MarketWatch) -- U.S. stocks added to losses Wednesday after the National Association of Realtors said an index of pending home sales fell in April, the first drop in four months. The Dow Jones Industrial Average lost 147 points, or 1.2%, to 12,435. The S&P 500 lost 1.2% to 1,316. The Nasdaq Composite fell 1.3% to 2,834. The...
Pep Boys tumbles 22% after Gores deal terminated
SAN FRANCISCO (MarketWatch) -- Shares of Pep Boys - Manny, Moe & Jack tumbled 22% to $8.67 early Wednesday after its deal to be acquired by Gores Group for $791 million was terminated. The Jan. 30 deal had valued Pep Boys at $15 a share in cash, which at the time was a 24% premium over its Jan. 27 closing prices of $12.08 a share. In a press...
Sears tops S&P 500 decliners
SAN FRANCISCO (MarketWatch) -- Sears was the top percentage decliner on the S&P 500 early Wednesday, falling 8% to $52.91. In the retail sector, Kohl's also faced selling pressure, slipping 4% to $48.60, while struggling retailer J.C. Penney slumped 3% to $27.15. Analysts at Deutsche Bank suggested J.C. Penney is making more changes to how it...




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